SEPA wire transfers are actually not processed instantly. Banks are allowed to take up to one working day. Also, there are still numerous banks that charge a fee per transaction.
I think he meant cross-country transfers, i.e. when you use IBAN. They are not free, as far as I know, in Czech Republic and Slovakia, both being a member of Schoengen zone, Slovakia even has Euro.
Ah that's interesting. All transfers that I've done within the EU have been free of charge thus far, but I haven't transferred anything to Czech Republic and Slovakia. Wonder if that's a local banking policy.
International fee must be the same as national ones in SEPA.
This means that if your bank charges 0€ for national transfers, it cannot charge for SEPA ones (the ones with IBAN). But it could in theory charge for national and SEPA wires.
