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I live in Germany, and I'm using online banking with the Commerzbank (normal account), Postbank (savings) and N26 (CC). I've done hundreds of transfers, sent a
by kuschku 9y ago
I live in Germany, and I'm using online banking with the Commerzbank (normal account), Postbank (savings) and N26 (CC).
I've done hundreds of transfers, sent and received.
In fact, frequently I transfer money to ny parents, or they to any of my accounts (they use commerzbank or postbank), and usually within of 10 minutes my phone gives me a push notification that the transaction has completed and the money is there.
- therealmarv 9y agoWhat you are describing are transfers in the same bank. This are totally different than doing real cross border SEPA transfers. I'm only describing my experience with 4 countries (Lithuania, Cyprus, UK, Germany: all EU / EEA)
- kuschku 9y agoI'm describing transfers Commerzbank->N26, Postbank->Commerzbank, and then, for my server payments, transactions Commerzbank->whatever French bank Scaleway/Online.net uses.
- therealmarv 9y ago@kuschku: Well banking system from German and French banks are probably more advanced and faster. It does not work everywhere in EU that way.
- xioxox 9y agoInteresting. That's definitely not true for my DKB and Sparkasse accounts in Germany.
- kuschku 9y agoMost German banks should finish rolling out ICT in summer, so things should improve in a few months. And often banks have copperations, where, between cooperating banks, transactions already run much faster.