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by ThrowAwayIRUK 1672 days ago
Interesting!

So, TIPS is just one of the available clearing mechanisms available for the SEPA Inst scheme. (The other one is RT1, which is live a little bit longer)

Currently, there is no "regulatory forced" interoperability between RT1 and TIPS, though the 4CB are discussing it. (Esp. since RT1 is a private clearing mechanism, while TIPS is the one operated by the 4CB)

And, regarding fee: You are wrong - depending on the local jurisdiction (esp. consumer rights), a bank may for sure charge for processing SEPA SCT Instant messages. Over here, SEPA Instant transactions are around 0,50EUR - 1,00EUR, currently; some are also offering them for free.

DISCLAIMER: Lead Payment Engineer at an European Challenger Bank, i'm implementing that stuff in the backend, i'm mainly talking to our central bank.
1 comments
AnssiH 1672 days ago
> And, regarding fee: You are wrong - depending on the local jurisdiction (esp. consumer rights), a bank may for sure charge for processing SEPA SCT Instant messages.

They didn't say that banks cannot charge for SCT Instant.

They said that banks can't charge more for international than they do for domestic.

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ThrowAwayIRUK 1672 days ago
Then, your "universal sentence" is not matching, since you didn't mention the transfer way:

for sure i can charge you more for a SWIFT or T2 EU-transaction than i do for a SEPA EU-transaction.

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