Yes, that's correct. I have a small amount of BTC, and cashed one in yesterday, so had to send, which I've not done for a year or so. Had to select an appropriate fee, and was a little concerned when it didn't show up as confirmed in the next block, but then 20 minutes later was confirmed and all was well. Still, it's a fairly dicey moment when there's potentially £10k caught up in a transaction.... (I'm sure it's small beans to a lot of people, but that's the biggest single transaction I've ever done).