Stamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 5 days agoOver half a week. I hate.lemmy.dbzer0.comimagemessage-square69linkfedilinkarrow-up1892arrow-down117
arrow-up1875arrow-down1imageOver half a week. I hate.lemmy.dbzer0.comStamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 5 days agomessage-square69linkfedilink
minus-squarered_bull_of_juarez@lemmy.dbzer0.comlinkfedilinkarrow-up16arrow-down1·4 days agoYeah, not true in the EU. Money must reach the recipient within seconds.
minus-squareEarthwormjim91@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down3·4 days agoBut it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
minus-squaretrxxruraxvr@lemmy.worldlinkfedilinkarrow-up12arrow-down1·4 days agoThen they can do that the other way as well
minus-squaretimochka@lemmy.ziplinkfedilinkarrow-up1·3 days agoNope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.
minus-squareDarkonion@lemmy.worldlinkfedilinkarrow-up3·4 days agoSeems like a good job for a bank, and something reasonable they could do in other countries too.
minus-squarestate_electrician@discuss.tchncs.delinkfedilinkarrow-up3·4 days agoYou got any source for that? From what I read they settle it immediately.
Yeah, not true in the EU. Money must reach the recipient within seconds.
But it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
Then they can do that the other way as well
Nope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.
If they use SEPA, it’s settled instantly.
Seems like a good job for a bank, and something reasonable they could do in other countries too.
You got any source for that? From what I read they settle it immediately.