3 ms·
As someone who spent a lot of time in the UK/EU and is now back in the states, I'd love for someone with insight/experience in the EU/UK to explain how the econ
by mbesto 13y ago
As someone who spent a lot of time in the UK/EU and is now back in the states, I'd love for someone with insight/experience in the EU/UK to explain how the economics make it possible for a system of banks to talk to each other without charging the users.
The US economics are pretty simple - banks know they can charge for it.
- steveklabnik 13y agoI am from the US as well, and am not a lawyer, but my understanding is basically TL;DR: regulation * http://en.wikipedia.org/wiki/International_Bank_Account_Number#Single_Euro_Payments_Area_.28SEPA.29 http://en.wikipedia.org/wiki/International_Bank_Account_Numb... * http://en.wikipedia.org/wiki/Single_Euro_Payments_Area http://en.wikipedia.org/wiki/Single_Euro_Payments_Area