# SEPA transfer, which are the risks **URL:** \ **Category:** Legal/Compliance\ **Created:** [March 24, 2020, 8:37pm UTC](https://bisq.community/t/sepa-transfer-which-are-the-risks/9144 "2020-03-24T20:37:52Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Milosi](https://bisq.community/letter_avatar/milosi/32/5_5575768a8748004e209b776fc1b2916d.png) [@Milosi](https://bisq.community/u/Milosi)\ **Post date:** [March 24, 2020, 8:37pm UTC](https://bisq.community/t/sepa-transfer-which-are-the-risks/9144/1 "2020-03-24T20:37:52Z")
Hi, I would like to know which are the risks when I buy bitcoin with SEPA transfer. On the FAQ, Bisq says “There have been reports that some banks have closed client accounts when they sense Bitcoin activity.” Someone can tell me which banks, in which country and for what ? For example, if the seller gettin arrested for x reason, the authorities will check his bank account and they can check all the transfers included my bank account and my ID. So I’m asking is no-KYC exchange legal or not ? I’m in France I can open a new account only for BISQ, but can they do something worse ? I mean something worse than just close my bank account and charge me ? Hope I’ve been clear enough my english is not perfect, thanks. ---
**Author:** ![huey](https://bisq.community/letter_avatar/huey/32/5_5575768a8748004e209b776fc1b2916d.png) [@huey](https://bisq.community/u/huey)\ **Post date:** [March 25, 2020, 12:50pm UTC](https://bisq.community/t/sepa-transfer-which-are-the-risks/9144/2 "2020-03-25T12:50:04Z")
It gets very tricky as each bank seems to behave differently. The best place to read about the questions you have probably is your bank contract. Other than that you can search this forum for people complaining about having their accounts closed or chargebacks and see how it can inform you. > [@Clarify sepa credit transfer](https://bisq.community/t/clarify-sepa-credit-transfer/7753): > > Hi All, I work in a Bank and I would like to clarify SEPA credit transfer function. In EURO SEPA AREA there are 2 system through which send a Euro Transfer. They are: TARGET 2 EBA CLEARING TARGET 2 is using to transfer all Sepa Credit Transfer (SCT) amount up to 500000€ and SCT urgent that reach beneficiary in the same day of execution and within 2 hours from sending (D). EBA CLEARING is usued to all ordinary SCT that reach beneficiary the next business day from sending (D+1) There are a… > [@Many issues with Revolut](https://bisq.community/t/many-issues-with-revolut/7145): > > It seems that Revolut is applying more strict rules in their KYC policy and block many accounts and request source of funds and more. Also their customer support seems to be overloaded and not very cooperative. If you use Revolut be sure that your email or phone number is registered as that causes also many issues as the payment cannot be sent to a non registered email. Also never use debit card or credit card for sending the funds! That would open up high risk for chargeback! I am surprised t… ---
**Author:** ![Milosi](https://bisq.community/letter_avatar/milosi/32/5_5575768a8748004e209b776fc1b2916d.png) [@Milosi](https://bisq.community/u/Milosi)\ **Post date:** [April 7, 2020, 6:57pm UTC](https://bisq.community/t/sepa-transfer-which-are-the-risks/9144/3 "2020-04-07T18:57:59Z")
Hey man, thanks a lot for your answer … We should create a topic which speaks about all the problems with any banks. Maybe it will spare us some surprises. ---
**Author:** ![xmrk](https://bisq.community/letter_avatar/xmrk/32/5_5575768a8748004e209b776fc1b2916d.png) [@xmrk](https://bisq.community/u/xmrk)\ **Post date:** [June 15, 2020, 8:59pm UTC](https://bisq.community/t/sepa-transfer-which-are-the-risks/9144/4 "2020-06-15T20:59:57Z")
If I may add one non-obvious risk: lawyer fees after being prosecuted for fraud and acquitted. (And the time and effort spent fighting the accusation, but this is rather obvious.) I know for sure that you are obliged to have a lawyer and pay his fees, even if innocent, if you are prosecuted in Spain or Portugal, and almost surely Austria. On the other hand, in the UK, you are compensated “reasonable” fees (so if you paid an elite lawyer, you will probably not get the full compensation.) French law in this regard is reasonable, you are compensated unless you somehow caused the prosecution against yourself (if I remember correctly, and I tell this just by reading the French Criminal Procedure Law as translated to Spanish by Google Translate, some years ago…) Still, I guess it is much more probable to be prosecuted when selling btc than when buying. I was charged 3 times when selling btc, and never ever when buying, and I did buy a lot at localbitcoins and bisq. One final observation: You may be somehow protected by doing non-national SEPA transfers, say France -\> Spain, not France -\> France. I tell this because I received a fraudulent SEPA transfer of some 100 euros, the sender bank contacted my bank, my bank froze the funds, but I refused to return it. The sender bank even sent me a letter (paper, by post), threatening legal action against me. I waited around a year, then asked my bank to unfreeze the funds. Note that only the disputed funds were frozen, but the account was still usable. The sender bank probably did not bother because of language barrier, different laws etc. But sounds a bit reckless to me now…