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> unified SEPA wires including instant wires Just to clarify a detail, SEPA bank transfers are not instant yet and until very recently could take 6 days, even
by badestrand 2y ago
> unified SEPA wires including instant wires
Just to clarify a detail, SEPA bank transfers are not instant yet and until very recently could take 6 days, even between banks in the same country and small amounts.
- sofixa 2y agoSEPA Instant has existed since 2017, and in 2025 it will become mandatory for all banks to support for free.
- Sharparam 2y agoDespite it existing for a long time, support for it is far from universal still. In Sweden there is only a single bank in the entire country that has proper SEPA instant support. Some banks still charge extra for it as well. My own bank required some coercion before they would let me send money to my European friends (to pay for shared travel expenses).
- sofixa 2y ago> In Sweden there is only a single bank in the entire country that has proper SEPA instant support. Some banks still charge extra for it as well. > My own bank required some coercion before they would let me send money to my European friends (to pay for shared travel expenses). Hence the new legislation to make it mandatory next year.