.. 9 out of 10 unhappy customers are currently unable to cause any blame, because they cannot even reach customer service because they are getting the "bot" treatment.
If it does not happen quickly, then the result might end up similar to data privacy topics.
If you can afford to keep fines in litigation/appeals/formal-defect limbo for a sufficient number of years, you can grow out of even once-threatening fines and delay compliance until the law that you finally bow down to is so old that its signs of old age will in the meantime become popular arguments for undermining or retracting it.
I guess when discussing the reasons for the law failing to bring about the intended changes, we only need to agree on that the law did not intend to make this distinction (though it definitely could have made them, even before LLM this was a deliberate choice) - not whether doing so would have been advisable.
RBOS is short for Royal Bank of Scotland. When accepting SEPA credit transfer (though they are not legally mandated to offer the instant execution variant), I don't think there is even a mechanism to sneak in extra fees, beyond what the sending institute already billed (typically: 0.00€).
I still don't get it. The GB74R.. account number is listed under Final Bank/Beneficiary Bank, which is Citizens Bank NA in the United States. Where does the Royal Bank of Scotland come in? There's no SEPA account number listed for RBOS. Also, Scotland is not part of the EU anymore, so there can be significant fees when wiring money to post-brexit UK.
Sending money to the intermediary is still essentially free. The likely incorrect assumption here is rather: that it would do any good in this case. Because that only works when the intermediary has agreed to do anything other than facilitate wire transfers (with the beneficiary account number and cost schedule specified!). They would say so in the instructions (e.g. a note on how the SEPA reference field should be filled), if that were the case.
SCT is not contingent on EU or Euro participation - SEPA membership is distinct from those. That is how Iceland, Norway and Switzerland can reap the benefits (the latter not even EEA member, though effective treaties are now somewhat similar). As long as an US bank has a correspondent branch/account/partnership/whatever inside SEPA, they can make it almost free to receive money via SEPA, and then possibly still save on currency conversion and transaction cost as they clear in bulk across the pond.
USA entities sometimes are not even aware that they have a fully functioning euro account able to receive fee-free SEPA bank transfers, simply as a mechanical consequence of having an euro-denominated account. In the past I've tested this: I asked the IBAN of an euro-denominated account from USA non-profits, got warned nobody ever sent money there, proceeded to send a donation anyway, had it work perfectly fine.
HOWEVER it's conceivable that the USA bank might end up charging some BS fees on their side just because they can. That's hard to control for.
You're missing out!
Try a few of the apple varieties that are not available year-rounds, that are not optimized for insecticide compatibility and tons per square kilometer (well, more likely bathtubs per football fields or something). Yes, even and especially the small & ugly ones that never ever have that flawless smooth skin that makes you wonder which ones are plastic props and which ones are fresh fruits. After dumbing down the basic supermarket apples to just a few that look presentable and can be made to work in a wide range of climates, it has lost the refined tastes of most of the other varieties they out-priced.
But.. Internet mail is not a lossy system. Quite the opposite!
Unless providers do insane things (e.g. accept then discard), it is much safer than snail mail, where messages may not arrive and not cause the sender to be notified of non-delivery either. With email, the sender gets explicit per-recipient-and-message feedback on what the recipient provider has accepted responsibility (to not lose them) for.
They absolutely do accept then discard when it's flagged as spam above a certain confidence threshold (below that it "only" ends up in the spam folder).
I might have believe this story, if not at the same time Intel had made an expensive bet on producing not-quite-gaming cards, later looked at the same trillion dollar question.. and then almost decided that this did not bring enough luck to keep spending.
I was thinking timezone update - because of course an internet-connected freezer needs updated zone info so one can configure defrost schedules without the benefit of UTC.
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