Among other stories that I found on the Internet, this one had me really worried about 4 recent sellings.
http://www.askaboutmoney.com/threads/sepa-transfer-reversal.199168/I was in a very similar situation as the payments were from Germany to my N26 account, and I am not german and not living in Germany.
As the amount was around 3000eur, I was quite scared, and just an hour after the payment showed up in my account, I withdrew the whole balance in cash.
One hour after the withdrawal, I received an email from N26 to notify me of the closure of my account.
After searching for information in the official rulebook of SEPA, it seems that I did the right thing by withdrawing the money.
It is written :
The Beneficiary Bank will generate a negative answer to the Originator Bank and give reason for it if:
- there are insufficient funds on the account
- the account is closed
So it seems that I am safe for that payment.
Withdrawing the money in cash before sending the bitcoins could be an effective way to prevent SEPA recall.
The rulebook is available here, information about recall is at pages 26-27-28.
http://www.europeanpaymentscouncil.eu/index.cfm/knowledge-bank/epc-documents/2017-sepa-credit-transfer-rulebook-version-10/epc125-05-2017-sct-rulebook-version-10/