@polle the entire statement regarding authorising another bank to withdraw money.
I was trained as a banker and learned that stuff. I have no desire to do an entire writeup but this stuff should be easy to read up on.
Banks sum up all transactions with another bank, send the net sum (or ask to receive it) and the transaction details to the other bank and that’s how it works.
@polle the entire statement regarding authorising another bank to withdraw money.
I was trained as a banker and learned that stuff. I have no desire to do an entire writeup but this stuff should be easy to read up on.
Banks sum up all transactions with another bank, send the net sum (or ask to receive it) and the transaction details to the other bank and that’s how it works.
Well you could the wikipedia about sepa its written there. Perhaps it is different for your Country.