3 ms·
SEPA wire transfers are actually not processed instantly. Banks are allowed to take up to one working day. Also, there are still numerous banks that charge a fe
by rbinv 12y ago
SEPA wire transfers are actually not processed instantly. Banks are allowed to take up to one working day. Also, there are still numerous banks that charge a fee per transaction.
- _pmf_ 12y ago> Also, there are still numerous banks that charge a fee per transaction. I think that's the rule rather than the exception.
- TillE 12y agoWhere? Certainly not in Germany.
- rplnt 12y agoI think he meant cross-country transfers, i.e. when you use IBAN. They are not free, as far as I know, in Czech Republic and Slovakia, both being a member of Schoengen zone, Slovakia even has Euro.
- kartikkumar 12y agoAh that's interesting. All transfers that I've done within the EU have been free of charge thus far, but I haven't transferred anything to Czech Republic and Slovakia. Wonder if that's a local banking policy.
- patd 12y agoInternational fee must be the same as national ones in SEPA. This means that if your bank charges 0€ for national transfers, it cannot charge for SEPA ones (the ones with IBAN). But it could in theory charge for national and SEPA wires. http://en.wikipedia.org/wiki/Single_Euro_Payments_Area#Misconceptions http://en.wikipedia.org/wiki/Single_Euro_Payments_Area#Misco...
- deleted 12y ago[deleted]
- shin_lao 12y agoBanks are not longer allowed to charge for transactions within the Euro zone.