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0 pointsravingraven5y ago0 comments

All banks in Greece charge a fee. The fact that plenty of people do SEPA transfers for free means nothing for the other people (e.g. the whole population of Greece) that can not do SEPA transfers for free.

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hocuspocus5y ago

So don't do business with Greek banks?

What stops you from doing day-to-day banking in Greece using a German account? That's kinda the whole point of the Euro.

ravingravenOP5y ago

First of all, you are not allowed to have a German account if you are not a resident of Germany.

Besides that, this is not the point of the conversation. The original comment compared SEPA to Bitcoin, saying that SEPA is better since it is free. It is not. There is no law that mandates it to be free and it is de facto not free everywhere (it might be for your use case but not for everyone). It is many times a lot more expensive than Bitcoin. If I also elect to not transact with Greek bank accounts, I exclude 99.9% of the Greek economy since I have no influence on what kind of account my counterpart has.

hocuspocus5y ago

> First of all, you are not allowed to have a German account if you are not a resident of Germany.

Of course you are! Have you never heard of N26? And even some traditional banks will happily have you as a non-resident customer.

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hocuspocus5y ago

So don't do business with Greek banks?

What stops you from doing day-to-day banking in Greece using a German account? That's kinda the whole point of the Euro.

ravingravenOP5y ago

First of all, you are not allowed to have a German account if you are not a resident of Germany.

hocuspocus5y ago

> First of all, you are not allowed to have a German account if you are not a resident of Germany.

Of course you are! Have you never heard of N26? And even some traditional banks will happily have you as a non-resident customer.

1 more reply

j / k navigate · click thread line to collapse