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Old-school SEPA transfers take only a few hours between modern banks, even across borders. SCT inst is gradually coming. Bear in mind the SEPA area covers some
by hocuspocus 9y ago
Old-school SEPA transfers take only a few hours between modern banks, even across borders.
SCT inst is gradually coming. Bear in mind the SEPA area covers some 500 million people, it's no small feat compared to much smaller domestic markets (Nordic European countries have been ahead of Australia in this regard).
- therealmarv 9y agoI've never ever seen a SEPA transfer real cross border go through in a few hours in my life!
- Double_a_92 9y ago12 hours was the fastest for me...
- therealmarv 9y agook, that I've seen I think :)
- raarts 9y agoLast September I was in Armenia. I paid at a supermarket with my debit card. I immediately opened my banking app for my Dutch bank, and the amount was already withdrawn.
- tpxl 9y agoThe withdrawal is instant, however the recipient waits for a few hours to a few days.