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UniCredit introduced instant payments in Germany and Italy in November 2017, other large banks in Germany are due to follow this summer. https://www.unicreditg

by tethys 9y ago

UniCredit introduced instant payments in Germany and Italy in November 2017, other large banks in Germany are due to follow this summer. https://www.unicreditgroup.eu/en/press-media/press-releases/2017/unicredit-rolls-out-its-cross-border-instant-payments-solution--.html https://www.unicreditgroup.eu/en/press-media/press-releases/...

antirez 9y ago
Also Intesa have them in Italy.
a254613e 9y ago
Too bad everything else is abysmal when it comes to technology and payments in Germany. Most places don't accept anything besides cash for payments. Opening a bank account still involves a ton of paperwork. Official mobile apps, if they even exist, are horrible. Waiting for 2 days for SEPA transfer, even though it's usually technically done within hours. No realtime transactions for card transactions (even though they have the data right away), etc. Unless the "SCT Inst" becomes a law that every bank must obey, I doubt majority of banks will have it implemented even within 5 years.
- hocuspocus 9y ago
  Credit and debit card acceptance could definitely be better (even though I was doing all right in Berlin), but I don't agree about opening bank accounts: - N26: it took me literally 10 minutes. Identification via video chat. - comdirect: as far as I remember, I mailed them one 4-page form, dropped by the post office for the PostIdent and that was it. - Postbank (I needed an IBAN quickly while waiting for comdirect ;) : I walked in, everything was done in 15 minutes. Now try the same thing in France. Online banks typically ask an initial wire transfer from another French bank since they cannot check your identity directly. And then you need to provide proof of address and salary payslips (or tax receipts). And in the end it easily takes 3-4 weeks to receive all documents and your payment card.
  - deleted 9y ago
    [deleted]
  - a254613e 9y ago
    N26 is the only one that has semi useful applications and web interface. My main problem with them is that they're first and foremost a startup, not a bank. Some issues I've had with them include double transactions, failed scheduled transactions, horrible 9-5 support, unable to unlock card because their web page was down for 24h. On top of that their security practices are horrible[0] >I mailed them one 4-page form, dropped by the post office for the PostIdent and that was it. And then you got 4-5 letters over the next couple of weeks. Not to mention that postident itself is a plague. >I walked in, everything was done in 15 minutes. And you walked out with a bunch of paperwork, and additional letters sent via post. I've tried to open or had accounts with the following banks: N26, commerzbank, comdirect, dkb, fidor, ing diba Dealing with any of them is like traveling back 20 years in time. Comparing it to countries that have it worse is always easy, but that does not mean that banks in Germany are not atrocious. [0] - https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money
    - hocuspocus 9y ago
      N26 is a bank, they have a license. Given their growth I think they didn't do too bad overall, and I've never had a problem using their MasterCard as my main payment method while living in Germany. Granted, I wouldn't have used them as my main bank two years ago, but I think they got there. And while video chat is better than PostIdent, I don't think a trip to your local post office is that bad compared to the alternatives. As for the ton of paper in the mail, you're right, it's annoying, but that's in no way specific to banking, everything is like that in Germany. In short, sure, it could be much better, but it could be much worse too.
      - reaperducer 9y ago
        I think his point was that you made it sounds easier than it really was for some reason. Regarding the second bank you wrote, "and that was it." In reality, you admit that there was tons of paperwork that took days to receive. So, no, that wasn't "it."

by tethys 9y ago

antirez 9y ago

Also Intesa have them in Italy.

a254613e 9y ago

Too bad everything else is abysmal when it comes to technology and payments in Germany. Most places don't accept anything besides cash for payments. Opening a bank account still involves a ton of paperwork. Official mobile apps, if they even exist, are horrible. Waiting for 2 days for SEPA transfer, even though it's usually technically done within hours. No realtime transactions for card transactions (even though they have the data right away), etc. Unless the "SCT Inst" becomes a law that every bank must obey, I doubt majority of banks will have it implemented even within 5 years.

hocuspocus 9y ago
Credit and debit card acceptance could definitely be better (even though I was doing all right in Berlin), but I don't agree about opening bank accounts: - N26: it took me literally 10 minutes. Identification via video chat. - comdirect: as far as I remember, I mailed them one 4-page form, dropped by the post office for the PostIdent and that was it. - Postbank (I needed an IBAN quickly while waiting for comdirect ;) : I walked in, everything was done in 15 minutes. Now try the same thing in France. Online banks typically ask an initial wire transfer from another French bank since they cannot check your identity directly. And then you need to provide proof of address and salary payslips (or tax receipts). And in the end it easily takes 3-4 weeks to receive all documents and your payment card.
- deleted 9y ago
  [deleted]
- a254613e 9y ago
  N26 is the only one that has semi useful applications and web interface. My main problem with them is that they're first and foremost a startup, not a bank. Some issues I've had with them include double transactions, failed scheduled transactions, horrible 9-5 support, unable to unlock card because their web page was down for 24h. On top of that their security practices are horrible[0] >I mailed them one 4-page form, dropped by the post office for the PostIdent and that was it. And then you got 4-5 letters over the next couple of weeks. Not to mention that postident itself is a plague. >I walked in, everything was done in 15 minutes. And you walked out with a bunch of paperwork, and additional letters sent via post. I've tried to open or had accounts with the following banks: N26, commerzbank, comdirect, dkb, fidor, ing diba Dealing with any of them is like traveling back 20 years in time. Comparing it to countries that have it worse is always easy, but that does not mean that banks in Germany are not atrocious. [0] - https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money
  - hocuspocus 9y ago
    N26 is a bank, they have a license. Given their growth I think they didn't do too bad overall, and I've never had a problem using their MasterCard as my main payment method while living in Germany. Granted, I wouldn't have used them as my main bank two years ago, but I think they got there. And while video chat is better than PostIdent, I don't think a trip to your local post office is that bad compared to the alternatives. As for the ton of paper in the mail, you're right, it's annoying, but that's in no way specific to banking, everything is like that in Germany. In short, sure, it could be much better, but it could be much worse too.
    - reaperducer 9y ago
      I think his point was that you made it sounds easier than it really was for some reason. Regarding the second bank you wrote, "and that was it." In reality, you admit that there was tons of paperwork that took days to receive. So, no, that wasn't "it."