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> The EU for example has essentially instant SEPA transfers now and has done for a while. It seems that for me (in Germany) transfers still only arrive the nex

• skrause 6y ago
  There are normal SEPA transfers (taking between a few hours and 1-2 days) and there is SEPA Instant which transfers the money within a few seconds. Those are two different systems and not all banks support SEPA Instant yet. I've done a few SEPA Instant transfers in Germany already and they really arrived within a few seconds to a few minutes.
  • pmontra 6y ago
    The instant trasfer costs money in Italy. I saw fees from 5 to 50 Euros.
    • zaarn 6y ago
      Most banks in germany do it for free, my bank does 1'000 Instant Transfers for free (incoming + outgoing) after which I have to pay a fee for every additional block of 1'000 transactions. 1'000 is plenty considering the supermarket would still be fine with a next-day standard SEPA, so 3-per-day on average seems reasonable to me.
  • deleted 6y ago
    [deleted]
• skeletal88 6y ago
  Where I live (in Estonia) all bank transfers are instant payments, and they are free. I don't have to pay a transaction fee for them. Must be a problem with your bank, or the other banks. They must implement the instant payments in their systems. Here in Estonia the SEPA payments were a step back, because we already had a quite fast transaction system between banks, transactions happened about every hour or so. Then came SEPA and transactions became slower, and now we have instant transactions, even better.