I initiated a transfer from my balance in my Wise account to my Bangkok bank account yesterday afternoon, local time. It said 'by Tuesday'. Around 8:45 AM this morning, Wise emailed to say they had just sent the money and I should see it around 14:00, local time.
This is from my Wise account to my Bangkok bank account registered with Wise that has previously taken a few seconds. My Bangkok bank account is compliant with the bank's updated, registered phone number policy.
Not sure why Wise now appears to have a minimum 8-hour transfer time, and it appears it waits more than 8 hours from initialising on their app to actually doing the transfer. I don't send great amounts of money, usually about £1000 two or three times a month.