Although bank transfers in the Single Euro Payments Area, or SEPA, take the same amount of time regardless of the country where the account is issued, some companies don't want to go through the extra trouble and refuse to serve customers from other countries entirely.
In 2020, members of the association sent a joint letter to the European Commission urging politicians to take further action to end the illegal practice of IBAN discrimination. Most of Bankera‘s customers are residents or businesses registered in countries in the European Economic Area, so they want them to be aware of their options to stop illegal IBAN discrimination and to inform the relevant authorities.
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