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SEPA has no fees and doesn’t care about currencies either. It’s EU only however.
by Muromec 2y ago
SEPA has no fees and doesn’t care about currencies either. It’s EU only however.
- snotrockets 2y agoYou're wrong on all accounts here: 1. Banks are also allowed to charge fees for SEPA transfers, with some limitations. 2. It does care about currencies, in that it only supports one: the E stands for Euro, and all SEPA transfers, in the four rails it provides, are in Euros, including transfers from and to countries that are not in the euro zone. 3. And SEPA isn't limited to the European Union, as it has 36 states participating in the scheme, more than the EU's 27.