Comment by seec

The only reason we have that is because fintech is eating the meal of traditional banks. They came up with ways to transfer with just a card (which benefits Visa and Mastercard, US companies) and do inter-account instant transfers for free.

SEPA normalization took forever, and even now instant transfers are still very often paid past the limit in your card bundle (probably around 3 if you don't have an expensive card).

Brussels rarely works for the little people; they just support whatever the big players at the moment want, unless they are foreign and can come up with a reason to tax them.

It is delusional to think politicians in Brussels care about the little guys; it is always about maintaining or gaining power, otherwise they wouldn't come up with absurd regulations that hit the small players much harder than any of the big ones.