Re:PSD2 – a directive that will change banking in Europe
by mdekkers on Wednesday March 22, 2017 @10:02AM
(#13930941)
Hey, come and tell my bank in Cyprus. I am getting ripped off for literally hundreds of euros in fees every month on SEPA charges. I actually looked into this when they were finally forced to offer SEPA (still a hidden thing in their online banking) transfers, and I noticed they charge the same as for SWIFT. When I brought it up they said "if you make a big deal about it we will close your account"
Re:PSD2 – a directive that will change banking in Europe
by icebraining on Tuesday March 21, 2017 @07:30PM
(#13927259)
Where does it say that? EC 924/2009 only says that the cost for a cross-border transfer must be the same as a corresponding national transfer, not that it must be a fixed amount. Furthermore, it leaves at the discretion of the national regular what a "corresponding transfer" means.
Re:PSD2 – a directive that will change banking in Europe
by shezi on Wednesday March 22, 2017 @03:49AM
(#13929146)
What would be the difference between "the same" and "a fixed amount"? If it is "the same" for all transfers, would that not be a "fixed amount"?
Re:PSD2 – a directive that will change banking in Europe
by icebraining on Wednesday March 22, 2017 @05:35AM
(#13929569)
It's not the same for all transfers. It's the same for a cross-border transfer as for an equivalent national transfer. Meaning that they can charge a percentage of the transfer, rather than a fixed amount, as long as they charge the same percentage for a national transfer.
Clarification: that is to say for the same originating party. Different banks can charge whatever they like, but always the same amount for any SEPA payment, regardless of the target bank.