SEPA Instant

  • For the non-Europeans among us, SEPA is “Single Euro Payments Area” and their bank wires work across the entire Euro-Zone, several countries, usually for free (or almost free, like € 0.30).

    Just this morning I found this announcement (in German language):

    Very good news for merchants, IMHO. There’s now a new form of bank wire which gets completed in not the usual day, but in a maximum time of 15 seconds.

    15 seconds? Works currently not everywhere (both, sending and receiving bank have to participate), but this also means bank wires likely get a boost. Because it’s reliable, because it’s cheap and now also because it’s fast. Bye bye money transfer fees.


Looks like your connection to thirty bees forum was lost, please wait while we try to reconnect.