Sweden's cashless society is no longer a utopia

Re:Sweden's cashless society is no longer a utopia by gambiting on Saturday November 10, 2018 @04:40PM (#18423669)

And then you wait 3 days for the money to actually arrive. I frequently send money between EU countries and the speed of transaction is abysmal unless you want to transfer to be denominated in Euro which means that if you're sending money between two non-euro currencies you're losing money twice.

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Re:Sweden's cashless society is no longer a utopia by patrickmcnamara on Saturday November 10, 2018 @05:28PM (#18423868)

SEPA is for euro-denominated bank accounts. That's what the E is.

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Re:Sweden's cashless society is no longer a utopia by gambiting on Saturday November 10, 2018 @05:32PM (#18423882)

You can send a sepa transfer out of a non-euro denominated bank account to another non-euro denominated account, but it will get converted to Euro first. That's why I said you get charged twice - once at origin and again at the destination. And you might want to do that if you want the speed of a SEPA transfer - regular inter-bank transfers between different EU countries still take days to process.

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