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AFAIK banks here charge extra for that.

licebmi__at__ 4y ago
Really, my only banking experience here in germany is with n26 and since they offer it free, I thought that was the norm.
scrollaway 4y ago
Use Wise (https://wise.com https://wise.com). In Germany especially N26 is also popular but IMO they went downhill quite a bit as soon as they realized that being a neobank is a losing venture. Source: I work in finance.
- jaclaz 4y ago
  I don't know, but I checked a few of these "neobanks" (or whatever they are) available in Italy and they seem more or less to have in common 3 things: 1) they offer services for free or for a low cost (compared to "normal" banks) 2) when these services work, they do work 3) when - for whatever reasons - these services do not work their assistance/support is either not-existing or unreachable, and when (if) you manage to contact them they provide no solutions/fixes and more likely than not you end up with your account frozen or closed (with no actual idea of the reasons why it was frozen/closed) Surely there must be something (in EU) that complicates matters (anti-money laundering Laws/limits to transfers/National and EU Authorities/whatever) but right now it seems to me like none of them is actually reliable (if it is used as secundary or tertiary card/means of payment they are fine but I wouldn't trust any of them as "primary". BTW - just for the record - right now N26 has been ordered to suspend making new accounts in Italy by the Bank of Italy (since March 2022) assertedly due to not full compliance with anti-money laundering checks: https://n26.com/en-it/restrictions-on-new-n26-customers https://n26.com/en-it/restrictions-on-new-n26-customers
solarkraft 4y ago
Where's here? Haven't seen this in Germany.
- Scharkenberg 4y ago
  I am in Germany too, currently with Deutsche Bank but moving to ING. I've never been in a situation where a next-day SEPA transfer wasn't good enough though.

Really, my only banking experience here in germany is with n26 and since they offer it free, I thought that was the norm.

scrollaway 4y ago

Use Wise (https://wise.com https://wise.com). In Germany especially N26 is also popular but IMO they went downhill quite a bit as soon as they realized that being a neobank is a losing venture. Source: I work in finance.

jaclaz 4y ago
I don't know, but I checked a few of these "neobanks" (or whatever they are) available in Italy and they seem more or less to have in common 3 things: 1) they offer services for free or for a low cost (compared to "normal" banks) 2) when these services work, they do work 3) when - for whatever reasons - these services do not work their assistance/support is either not-existing or unreachable, and when (if) you manage to contact them they provide no solutions/fixes and more likely than not you end up with your account frozen or closed (with no actual idea of the reasons why it was frozen/closed) Surely there must be something (in EU) that complicates matters (anti-money laundering Laws/limits to transfers/National and EU Authorities/whatever) but right now it seems to me like none of them is actually reliable (if it is used as secundary or tertiary card/means of payment they are fine but I wouldn't trust any of them as "primary". BTW - just for the record - right now N26 has been ordered to suspend making new accounts in Italy by the Bank of Italy (since March 2022) assertedly due to not full compliance with anti-money laundering checks: https://n26.com/en-it/restrictions-on-new-n26-customers https://n26.com/en-it/restrictions-on-new-n26-customers

solarkraft 4y ago

Where's here? Haven't seen this in Germany.

Scharkenberg 4y ago
I am in Germany too, currently with Deutsche Bank but moving to ING. I've never been in a situation where a next-day SEPA transfer wasn't good enough though.