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> It's that payments between banks took three days to settle (I think they're down to 1 day now) Isn't Germany subject to SEPA time constraints like everyone e
by traceroute66 5y ago
> It's that payments between banks took three days to settle (I think they're down to 1 day now)
Isn't Germany subject to SEPA time constraints like everyone else ?
- ascar 5y agoSEPA is more relaxed than you might think. N26 has a nice explanation [1]: > ...[A]ll standard SEPA transfers should arrive within a maximum of 2 working days. Keep in mind that if a transfer is made just before a weekend or holiday, the time frame will be extended to a maximum of 3 working days. > You’ve probably heard that all SEPA transfers have to be completed within one “banking day,” so let’s clarify what that means—one banking day is equivalent to two working days due to the opening hours of the banks involved. Any weekday that is not a holiday is considered a working day. [1] https://support.n26.com/en-eu/payments-transfers-and-withdrawals/transfers/how-long-do-transfers-take https://support.n26.com/en-eu/payments-transfers-and-withdra...
- sneak 5y agoIf I'm reading this right, this is a theoretical maximum of five calendar days, if you send eg on a late night before a holiday weekend?
- deleted 5y ago[deleted]