SEPA Instant Progress, or the lack of it...

If I go to transfer from Revolut to N26 now, it won't arrive til Monday. The cut off point is around 2 or 3pm I think to get something transferred the same day.
 
Reply to Fortune: Lucky you. Very strange though that they have different times for different Revolut customers... and even after 9pm on a Friday I would have thought that was after the instant transfers time threshold...
 
Oh brilliant. Might contact Revolut customer support! Edit: talked to a live agent, fruitless exchange. They said it was fine on Revolut's side, that they don't have a setting to change. Not going to bother trying talking to N26 chat about their end...
 
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AIB->DKB is not instant anyway. On a side note, sending a transfer from AIB online banking to any non-Irish IBAN is an absolute chore, requiring the blasted card reader, entering the last 8 digits of the foreign IBAN and also the transfer amount into it before the thing generates an 8 digit code that has to be entered back in the online banking. There is no reason for this blatant IBAN discrimination. It should follow the same process as sending a payment to an Irish IBAN. It's also not even possible to add a non-Irish payee that you can easily re-use, even using the damn card reader. It's high time these banks faced some sanctions for their IBAN discrimination.
 
murphaph1 said:
There is no reason for this blatant IBAN discrimination. It should follow the same process as sending a payment to an Irish IBAN.
Click to expand...
Have you lodged a complaint with the central bank ? Details at the end of this page. Nothing will change unless pressure is applied.

murphaph1 said:
It's also not even possible to add a non-Irish payee that you can easily re-use
Click to expand...
There is a half baked workaround; on the desktop open “payment logs”, locate a previous payment and click on re-use. You still need the card reader but it saves you re-entering the IBAN.

I like the idea of using the card reader for high value transactions, however AIB don’t allow these at all with their stupidly low daily and transaction limits.
 
I encountered a large domestic waste provider who would not accept a non-Irish IBAN for direct debits in late 2023.

I complained to the CCPC including screenshots and correspondence with the waste provider.

The CCPC gave me a few boilerplate responses about what they would do and I gave up querying after a few months.

Anyway I checked last week and was happily surprised that the waste provider will accept any IBAN in SEPA.

Perhaps a coincidence, perhaps not. But in any case regulatory bodies need carefully-documented complaints to investigate. The more they get the more likely they are to act.
 
AIB->DKB is not instant anyway. On a side note, sending a transfer from AIB online banking to any non-Irish IBAN is an absolute chore, requiring the blasted card reader, entering the last 8 digits of the foreign IBAN and also the transfer amount into it before the thing generates an 8 digit code that has to be entered back in the online banking. There is no reason for this blatant IBAN discrimination. It should follow the same process as sending a payment to an Irish IBAN. It's also not even possible to add a non-Irish payee that you can easily re-use, even using the damn card reader. It's high time these banks faced some sanctions for their IBAN discrimination.
Click to expand...

if you've transferred to the account before you can avoid the rigmarole by going to your payment logs and choosing the previous transaction and reusing the details. Doesn't need a card reader then, but it's only possible on the web version, not the app.

I go via Revolut if I need to transfer from AIB to N26 as both sides of the transaction are instant.
 
Salary payment was later than usual today (19:52 versus the usual 18:50 or so) and a Revolut to N26 transfer initiated at 12:33 only arrived at 20:25 in N26 (Revolut said it had been received by other bank at 13:08). Wonder was that Revolut systems at fault. Hard to know.
 
Money transfer to Trade Republic on Wednesday has not arrived....its always a next day thing but they insist it's 2 to 3 days....like it's being carried in a pirates chest from Dublin to Berlin via stagecoach and a team of 8 horses.
 
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