But if your country doesn't use the Euro (i.e. the UK), domestic Euro transactions can be more expensive than domestic transactions in the home currency.
The same loophole is used in Bulgaria. Our largest bank charges 7 EUR for receiving 1 EUR, and 19 EUR for sending 1 EUR.
ING Bank charges about 7 cents per transaction on business accounts... it's free on personal accounts.
nope, only in comparison to domestic charges. In some countries like e.g. Cyprus you have to pay ~3 Euro for a SEPA transfer.
SEPA transfers are usually free for personal accounts, be it sending or recieving, but business accounts usually charge a < 10 cent fee for recieving a transaction.