sv1sjpEU seeks to make 10-second instant bank payments a reality
How is Australia ahead of Europe! We have Osko which allows instant transfer(seconds) upto $10,000 per day.
It’s fantastic.
The whole EU already has SEPA Instant Payments which allow the transfer of up to 100.000€ per transaction in under 3 seconds
And free if I remember correctly. I never used it because my bank was like “Fees might apply”. Trying to figure out which fees and how much was pretty much impossible.
In Germany it’s generally 1€ per transaction 🤡
Nope. It’s not.
My Sparkasse charges nothing
That’s rather the exception than the norm. All my banks charge 1€. All Sparkassen I researched you pay at least something:
www.sskm.de/de/home/…/echtzeit-ueberweisung.html
There it is 0.75€
Here it is of my Sparkasse, 0€ (Screenshot because I don’t want to give away to much private information)
Don’t doubt that but as I said, this is the exception rather than the norm.
That’s a shame
This is the least weird aspect about the Sparkassen system. They served their purpose but are being obsolete these days.
Sparda Bank ≠ Sparkasse
True, of course. But the Volksbanken are similar to the Sparkassen when it comes to confusing customers.