I've just had a great experience when I was at $PYPL (-2.73%) wanted to transfer money from my wallet to my current account. PayPal offered me the free real-time transfer and let me tell you, it was so damn satisfying to have the money in my account within seconds. Absolutely great and finally feels like the 21st century (after 1/4 of the century has already passed).
Of course, I also immediately checked to see who else had activated the free real-time transfer. First with my main DKB account. Unfortunately, there's no real-time transfer there yet, but today I got the message that they're working on adding it. I assume by October 09th.
Sparkasse theoretically also has free real-time transfers. Theoretically, that is. Because in order to be able to use it, you would first have to accept the new contract documents. However, the button to accept is not displayed anywhere. And even if it did, the real-time transfer is of course not free, but costs as much as the normal transfer - namely €0.35 each (in online banking) and of course three times as much if you want to do it in the branch. Apart from that, depending on the account model, it also costs the recipient another €0.35 when the money is sent. Savings bank absolutely insane and lost I'll tell you honestly.
On the other hand, it's good to see that Trade Republic's new current account already offers free real-time transfers. The app did crash 3 out of 4 times when setting up the payment, but when it worked to send the money, it arrived in my current account free of charge within seconds. This was wonderful and made me very happy.
What's your situation? Does your bank already offer free real-time transfers? And do you see any impact on the shares of payment service providers such as PayPal but also $V (-0.16%) and $MA (-0.3%) ?
