SEPA (both intra-country and SEPA-wide) transfers cost money. FFS, even in-bank transfers cost money. €0.10-0.40, depending on transfer direction, bank and wether done online or in-person. But banks are happy to wave fees if you signup for a discount package (debit card + iban acc + free withdrawal + free transfers) or eligible for premium account for one reason or another.
Quoting the SEPA-Wikipedia page: "Banks and payment institutions still have the option of charging a credit-transfer fee of their choice for euro transfers if it is charged uniformly to all EEA participants, banks or payment institutions, domestic or foreign."
Can you do both SEPA transfers and direct debit for free on that business account? If yes, I would be very interested. What's the name of this magical bank and do they take new customers?
SEPA (both intra-country and SEPA-wide) transfers cost money. FFS, even in-bank transfers cost money. €0.10-0.40, depending on transfer direction, bank and wether done online or in-person. But banks are happy to wave fees if you signup for a discount package (debit card + iban acc + free withdrawal + free transfers) or eligible for premium account for one reason or another.