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Thats news to me. Can you link to a page of a bank in Europe where they state that they offer free instant money transfers?
by ArtTimeInvestor 3y ago
Thats news to me. Can you link to a page of a bank in Europe where they state that they offer free instant money transfers?
- dgellow 3y agoIt’s pretty simple to see. First result I found: https://moneytransfers.com/bank-transfers/sepa-transfers https://moneytransfers.com/bank-transfers/sepa-transfers For example from Germany to Austria, sending 1200€, I see multiple providers with no fees for quick transfers.
- ArtTimeInvestor 3y agoI dont't see instant transfers on that page. It says "within 24 hours" and sometimes even "within a week".
- dgellow 3y agoYou can change filters… You can also check https://www.europeanpaymentscouncil.eu/news-insights/videos/sepa-instant-credit-transfer-scheme https://www.europeanpaymentscouncil.eu/news-insights/videos/...
- IanCal 3y agoThe UK has "faster payments" which is usually instant (sometimes held up for fraud checks). I'm not aware of any bank that charges for this.
- hot_gril 3y agoThere's Zelle in the US, but it has limits, and it's pretty easy for your money to get stuck being "verified."
- troupo 3y agoBesides SEPA which mandated the upper ceiling and an upcoming regulation which forbids banks from de-prioritising payments to/from other banks (can't remember what it's called now) many European countries have had instant bank transfers locally. For example, Swish in Sweden: https://www.swish.nu/about-swish https://www.swish.nu/about-swish