4 ms·
I think you can also be charged if a currency conversion is involved (both directly and indirectly through poor exchange rates).
by tempay 9y ago
I 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.