5 ms·
Not by default. Deutsche Bank for instance makes you select it and I'm guessing most people are afraid that choosing instant means a fee so they leave it off.
by AdamN 20d ago
Not by default. Deutsche Bank for instance makes you select it and I'm guessing most people are afraid that choosing instant means a fee so they leave it off.
- wewxjfq 19d agoMost banks did charge a fee at first, so this rollout is partly to blame for the option being available and the hesitancy.
- ahartmetz 19d agoThere was another European payment system change to remove* the fees for real-time (official name) transfers, roughly a year ago. Together with the removal of international fees 10? years ago, it is indeed instant (if you check the box) and free across the EU now. IIRC, real-time transfers commonly used to cost 50 cents (flat). * Technically, they aren't allowed to cost more than regular transfers which cost 0 in ~all retail accounts