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by decentralised 2256 days ago
Im in the EU and we don't have Fedwire here. I can tell you that ABN AMRO charges me ~10 euros for transferring ~200 eur to the UK (with conversion to GBP).

Generally speaking I'm quite familiar with payment infra in Europe, I've worked on it for ~20 years after all.

1 comments

I am not sure how to engage with this reply. It is of course unsurprising that European banks do not have integrations with the Federal Reserve for moving USD. European banks often have access to international systems like SWIFT and SEPA, and various national payments systems, instead.

I have precious little information to offer you on the workings of European funds transfer services, however; I posted here to discuss Fedwire specifically, since you brought it up.

Well, first of all thank you for your earlier comment.

My anxiety is peaking lately... I have no idea exactly why I answered like that but what I meant was that while I'm not familiar with the US payment system, I do know the European one quite well and that's why earlier I'd expressed incredulity that any traditional banking system could offer zero cost transfers. I think I didn't notice you were not JumpCrisscross