3 Matching Annotations
  1. Dec 2022
    1. ayment security is taken into account as there should be an IBAN check on payments, warning consumers if there is a mismatch between the name of the beneficiary and the IBAN number

      CoP is required as part of the process

    2. many financial institutions are charging their customer higher fees for SCT Inst than for SCT. As a result, at the end of 2021, only 11% of SCT were SCT Inst, according to the European Commission

      Changed by the new rules

    3. SCT Inst transaction at EUR 15,000

      Still not very high at €15k