Stamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 1 month agoOver half a week. I hate.lemmy.dbzer0.comimagemessage-square69linkfedilinkarrow-up1909arrow-down118
arrow-up1891arrow-down1imageOver half a week. I hate.lemmy.dbzer0.comStamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 1 month agomessage-square69linkfedilink
minus-squarered_bull_of_juarez@lemmy.dbzer0.comlinkfedilinkarrow-up15arrow-down1·1 month agoYeah, not true in the EU. Money must reach the recipient within seconds.
minus-squareEarthwormjim91@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down3·1 month agoBut it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
minus-squaretrxxruraxvr@lemmy.worldlinkfedilinkarrow-up12arrow-down1·1 month agoThen they can do that the other way as well
minus-squarestate_electrician@discuss.tchncs.delinkfedilinkarrow-up3·1 month agoYou got any source for that? From what I read they settle it immediately.
minus-squareDarkonion@lemmy.worldlinkfedilinkarrow-up3·1 month agoSeems like a good job for a bank, and something reasonable they could do in other countries too.
minus-squareRinox@feddit.itlinkfedilinkarrow-up2·1 month agoIf they use SEPA, it’s settled instantly.
minus-squaretimochka@lemmy.ziplinkfedilinkarrow-up1·1 month agoNope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.
Yeah, not true in the EU. Money must reach the recipient within seconds.
But it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
Then they can do that the other way as well
You got any source for that? From what I read they settle it immediately.
Seems like a good job for a bank, and something reasonable they could do in other countries too.
If they use SEPA, it’s settled instantly.
Nope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.