It was about time for this to happen since this could have been implemented years ago.
I personally don't send money to other countries, but if I have to make a deposit to Kraken for example, then it should post instantly, right?
I however think the exchange in question needs at least one day to process things and make my deposit show up in my account.
Topic: instant bank transfers thoughout whole europe next year reality. - page 2. (Read 1151 times)
September 27, 2016, 05:56:32 AM
September 27, 2016, 05:47:50 AM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change? i actually like it since i can send money from my bank account to an exchange within europe instantly, and basically the same goes up for when you request a withdrawal.
Are payments from bank to bank using bank cards (through Visa or Mastercard electronic funds transfers) not counted? These bank cards are linked to corresponding bank accounts, and money paid this way gets debited from one account and credited to the other account within minutes. In fact, when I had been paying with my bank card from Europe to the US, the payments went through almost instantaneously...
What am I missing?
nope, these are not counted. it's purely about bank to bank transfers. but yes, i see your point, via that way it was already possible to transact instantly. but not everyone makes use of mastercard or visa. and don't forget about the zero fee aspect that these bank to bank transfers have.
September 27, 2016, 05:01:37 AM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change? i actually like it since i can send money from my bank account to an exchange within europe instantly, and basically the same goes up for when you request a withdrawal.
Are payments from bank to bank using bank cards (through Visa or Mastercard electronic funds transfers) not counted? These bank cards are linked to corresponding bank accounts, and the money paid this way gets debited from one account and credited to the other account within minutes. In fact, when I had been paying with my bank card from Europe to the US, the payments went through almost instantaneously...
What am I missing?
September 27, 2016, 04:46:00 AM
if you want instant trasfer bank in europe
and very low fee until zero fee with exchanger bitcoin
you can use SEPA BANK
and very low fee until zero fee with exchanger bitcoin
you can use SEPA BANK
September 27, 2016, 04:43:36 AM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change? i actually like it since i can send money from my bank account to an exchange within europe instantly, and basically the same goes up for when you request a withdrawal.
Are you talking about transfers between two different banks? If so, 1 day is crazy fast. What's the balance limit?
Other places it still takes 2 or more days from bank to bank. But account to account within a bank is instantaneous.
yep, i am talking about two different banks transacting with each other instantly instead of waiting for one or more business days. the amounts don't matter either. it has never been this easy to transfer money from one country to the other instantly with banks.
September 27, 2016, 02:36:20 AM
The sad reality is it only happens in Europe, we are a big world of course and we have relatives all over the world, me I have my grandfather in US and every time he transfer me money it is not just easy to receive for one day but more than that, I hope other countries will also follow otherwise they will be outperform by bitcoin.
September 26, 2016, 10:31:31 PM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change? i actually like it since i can send money from my bank account to an exchange within europe instantly, and basically the same goes up for when you request a withdrawal.
Are you talking about transfers between two different banks? If so, 1 day is crazy fast. What's the balance limit?
Other places it still takes 2 or more days from bank to bank. But account to account within a bank is instantaneous.
September 26, 2016, 06:25:54 AM
Banks are forced to react and make bank transfers faster as more and more fintechs are popping up and becoming a more and more serious competition.
But I'm pretty sure the banks don't like that as they are using your money to make business with it while you are waiting for it to be transfered to another account.
So speeding up actual processes is not something banks like to do. They are forced to do so. Banking will change.And also there business models will change within the next years.
The same has happened to national telephone companies who had to morph to internet service providers.
Imo history will repeat here.
But I'm pretty sure the banks don't like that as they are using your money to make business with it while you are waiting for it to be transfered to another account.
So speeding up actual processes is not something banks like to do. They are forced to do so. Banking will change.And also there business models will change within the next years.
The same has happened to national telephone companies who had to morph to internet service providers.
Imo history will repeat here.
September 26, 2016, 05:40:23 AM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change? i actually like it since i can send money from my bank account to an exchange within europe instantly, and basically the same goes up for when you request a withdrawal.
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