> Yes you can send money very quickly with SEPA, but that's not the settlement time. The money can still be reversed
From a banking perspective, the money is settled in 10 seconds, at least with TIPS (the ECB’s platform; the ACH clear it, but the end-user behavior is the same).
Reversal (known as a recall in the standards) requires consent of the beneficiary.
From a banking perspective, the money is settled in 10 seconds, at least with TIPS (the ECB’s platform; the ACH clear it, but the end-user behavior is the same).
Reversal (known as a recall in the standards) requires consent of the beneficiary.