Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
deanc
on Aug 1, 2017
|
parent
|
context
|
favorite
| on:
Krita Foundation in Trouble
This is not true for every bank in every EU country.
icebraining
on Aug 1, 2017
[–]
Yes, I believe the only requirement is that the cost can't exceed of a national transfer, which is unfortunately still not free everywhere in the EU.
tempay
on Aug 1, 2017
|
parent
[–]
I think you can also be charged if a currency conversion is involved (both directly and indirectly through poor exchange rates).
markvdb
on Aug 1, 2017
|
root
|
parent
[–]
Euro denominated transactions within the SEPA zone (more than just the EU!) cannot be more expensive than domestic euro transactions. See
https://nl.wikipedia.org/wiki/Single_Euro_Payments_Area
.
beojan
on Aug 1, 2017
|
root
|
parent
[–]
But if your country doesn't use the Euro (i.e. the UK), domestic Euro transactions can be more expensive than domestic transactions in the home currency.
onestone
on Aug 1, 2017
|
root
|
parent
[–]
The same loophole is used in Bulgaria. Our largest bank charges 7 EUR for receiving 1 EUR, and 19 EUR for sending 1 EUR.
Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: