5 ms·
Normal SEPA is max 2 days and usually it takes one. That’s not what I would call super slow.
by vimy 4y ago
Normal SEPA is max 2 days and usually it takes one. That’s not what I would call super slow.
- yieldcrv 4y agoIts what I would call super slow.
- cthalupa 4y agoWhen one of the parent comments that spawned this thread talks about transactions clearing faster than it takes to put the phone down after initiating it, it's quite a few orders of magnitude slower.
- martijnvds 4y agoMost SEPA transfers (even between countries) are now instant, I've noticed.
- mcv 4y agoSame here. I've got accounts at two different banks, and when I transfer money from one to the other, it's usually there literally the moment I approve the transaction. Within a second. I don't know if it's just as smooth across (internal EU) borders, but I don't see why it wouldn't be. It's possible that it does require both banks to have implemented these instant payments. Both side have the ability to delay the transfer, but it's possible that these days they're required to support instant transactions.
- Tijdreiziger 4y agoIIUC, banks can choose which other banks to interface with, provided that both banks are connected to the same clearinghouse. For example, I think some Netherlands banks still choose to limit instant payments only to other NL banks.
- ciceryadam 4y agoMy experience of sending money from Czech republic (in EU, but not in Eurozone) to a bank in Netherlands via SEPA is ~4-6hours during banking hours, but I was surprised by immediate transfer from Slovakia (in EU and in Eurozone) to the same account.