4 ms·
That's not a German only thing. It's called SEPA ICT (Instant Credit Transfer) and institutes on booth sides need to support it. Then it works also from one EU
by therealmarv 7y ago
That's not a German only thing. It's called SEPA ICT (Instant Credit Transfer) and institutes on booth sides need to support it. Then it works also from one EU country to another within seconds.
List of banks with SEPA ICT: https://www.europeanpaymentscouncil.eu/sites/default/files/participants_export/sct_inst/sct_inst.pdf?v=1581068395 https://www.europeanpaymentscouncil.eu/sites/default/files/p...
- mrpelz 7y agoIn Germany, SEPA ICT is normally offered as a fancy “premium” service. All customers have just accepted that transfers might take up to three (!) working days and everyone just seems to be fine with that. My bank charges 0.50€ per ICT transfer.
- felixfbecker 7y agoSparkassen offer it for free. A non-ICT transfer takes one business day, and I think only because of anti-money-laundry law stuff.