5 ms·
EU bank transfers are free of charge.
by dom0 9y ago
EU bank transfers are free of charge.
- kobeya 9y agoHe meant server hosting costs.
- deanclatworthy 9y agoThis is not true for every bank in every EU country.
- icebraining 9y agoYes, I believe the only requirement is that the cost can't exceed of a national transfer, which is unfortunately still not free everywhere in the EU.
- tempay 9y agoI think you can also be charged if a currency conversion is involved (both directly and indirectly through poor exchange rates).
- markvdb 9y agoEuro denominated transactions within the SEPA zone (more than just the EU!) cannot be more expensive than domestic euro transactions. See https://nl.wikipedia.org/wiki/Single_Euro_Payments_Area https://nl.wikipedia.org/wiki/Single_Euro_Payments_Area .
- beojan 9y agoBut if your country doesn't use the Euro (i.e. the UK), domestic Euro transactions can be more expensive than domestic transactions in the home currency.
- onestone 9y agoThe same loophole is used in Bulgaria. Our largest bank charges 7 EUR for receiving 1 EUR, and 19 EUR for sending 1 EUR.
- sigio 9y agoING Bank charges about 7 cents per transaction on business accounts... it's free on personal accounts.
- therealmarv 9y agonope, only in comparison to domestic charges. In some countries like e.g. Cyprus you have to pay ~3 Euro for a SEPA transfer.
- Moter8 9y agoSEPA transfers are usually free for personal accounts, be it sending or recieving, but business accounts usually charge a < 10 cent fee for recieving a transaction.