| > Almost all commercial banks offer SCT. Of course they do. That's the normal, slow money transfer, aka "SEPA Credit Transfer". I suppose you mean SCT Inst? Even of the bigger retail banks, Consors and ING do not offer SCT Inst. > And most of them for free while most co-op/sparkassen charge a fee (some of them even for receiving an instant payment which is rediculous). While it is included at Deutsche Bank proper, both Norisbank and Postbank charge between 0.50 and 1.00 EUR for outgoing SCT Inst, Commerzbank proper charges 1.50 EUR unless you are in one of their premium plans while comdirect (though technically not yet fully part of Commerzbank) is free, Hypovereinsbank is free for all non-business accounts except the cheapest ones, where it's 0.50 EUR. So ... erm, no, not even close to "most of them for free"? Also, on the other hand, there are co-op banks that offer free accounts with free SCT Inst nationally. But who is charging for receiving SCT Inst payments? I hadn't heard of that before, that's indeed beyond ridiculous! > Sparkassen failed at numerous attempts to come up with an online payment system that gets any traction and it took considerably longer for them to adopt apple pay. And yet, they (all) implement SCT Inst!? |