[ICA] How much does it cost to receive a SEPA transaction?


The ICA FAQ is very ambiguous about this:

You can set up as many international currency accounts as you need - entirely for free. It’s also free to receive payments in the currencies of each account (e.g. receiving Euros in your EUR account).

  • SEPA transfers - 0.70 EUR
  • SWIFT transfers - £5 (or currency equivalent)

It first says it’s free, then it says it is not free. What is the final verdict on this?