• Incoming Payment in €: within SEPA Area, charged as Swift Payment by bunq

I Received a Payment of about €22, where bunq charged me a €5 costs for.

How can it be that a Transaction within SEPA area is processed as an (International) SWIFT transfer?
From my understanding:
The BIC code is also named SWIFT code, for some transfers within SEPA area, banks still ask for the BIC/SWIFT code. The usage of the BIC/SWIFT code does not make the transaction within SEPA area automatically a SWIFT Transfer.
Bottum-line: I do not understand when a transfer within SEPA becomes a SWIFT transfer, and doubt that SWIFT transfer within SEPA area are even possible..

    @Kauri#66354 Hi 👋

    The first question that comes to my mind is: do you know for certain the counter party did indeed made a SEPA transfer and not a SWIFT transfer.

    As far as I know there is no reason why bunq would or could change the type of transfer. So my guess is that the counter party indeed made a SWIFT transfer.

    To be sure you can contact support directly through the Private Matters chat 👍

    Have a nice day 🌈

      @Kauri#66354 I had the same, money sent from a German bankaccount (based on the IBAN), but it was sent using SWIFT.

      I double checked with the sender and indeed it was a SWIFT payment :-(

        @Kauri#66354 I can't tell for all bank apps but for a normal SEPA transfer you don't need the SWIFT code at all, so the app shouldn't be asking for one either.

        If someone asks me for the swift code then I treat it as a red flag they're not going to make a standard SEPA transfer.

          A few months ago, a Dutch company using a Dutch bank actually sent me money using a SWIFT transfer, for which bunq charged me the €5 fee. I contacted them - initially they claimed that bunq "wasn't connected to SEPA" but that's obviously not true. They (or their bank) must have made a mistake, although they didn't openly admit that to me. Eventually they did refund me the fee that bunq had charged.

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