4 ms·
How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for
by MSFT_Edging 3y ago
How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for larger amounts, ie what you'd pay for a car. Then you'd need a bunch of their banking info.
I don't know about your experience, but I'd like to limit the amount of PII I give to the type of folks I buy used vehicles from. With cash, you both go on your way with the title. Its not to say they were criminals, but I also don't have much reason to trust them beyond the transaction.
For example, I was helping a friend buy a motorcycle. The seller arrived on the bike, we checked it out, paid, etc. He had a shirt on that said something like "stop domestic abuse". Then when his wife/gf/partner showed up to pick him up, he immediately started throwing verbal abuse at her. The guy was unstable but it wasn't immediately obvious. We already had the bike, the title, and we were on our way.
- mdrzn 3y agoBank transfer are immediate or next business day. To send you some money I would only need your IBAN[0] which looks like this: GB82 WEST 1234 5698 7654 32 By the way, you're still allowed to use cash for private transactions, so you can still pay whatever amount of cash you want to a private party to buy an item. [0] https://en.wikipedia.org/wiki/International_Bank_Account_Number https://en.wikipedia.org/wiki/International_Bank_Account_Num...
- gattilorenz 3y agoIn NL bank transfers are immediate and used everywhere, and the fees for having a bank account are so ridiculously low I don’t even know them anymore, never bothered. The online payment system via bank transfers (iDeal) works so well I’ve heard it’s going to become a european thing, and I’m legit excited about that.
- qingcharles 3y agoUsually instant in Europe.