EMI Sepaga

[kkein]

This is what i don't get.. Isn't it supposed to be cheaper than this⁠ with *any* real bank? What's the point of using an EMI if even SEPA transfers⁤ are this expensive?
And btw, within EU my experience with e-banking thus far has been⁣ that SEPA transfers are free. Period.

 

[Sols]

Different EMIs compete with banks and other EMIs in different ways. Typically comes down to‌ product (better app, better features), pricing (cheaper), and acceptance (accepting smaller and/or riskier businesses).

In the long run, the market will decide which EMIs stay and which fold.

 

[BlueMist]

That's because there are a⁤ lot of businesses which banks won't accept. EMI knows that and take advantage of it.⁣ That's why you have low cost or free EMIs and those asking high fees for⁢ usually higher risk businesses. EMI being cheaper than a bank is a myth. EMI are︀ private financial institutions, not banks, they can charge whatever they want for SEPA transfers.