SEPA debit transactions cannot be reversed either.
And what happens in the cases were fradulent transactions have taken place ? Will the banks reinstate the unlucky consumer from their own pocket, or will the bank of the orginating transaction make a reversal of the transaction ?
Ie. what happens in real life, when we have a situation like this ? Anyone with experience they'd like to share ?
They can't be automatically reversed, not even by the bank. The sending bank can
ask the receiving bank for their money back. It's probably up to the receiving bank to honor that request or not. I know of one instance where the receiving bank asked the account holder about it, and the account holder convinced the bank that it wasn't fraudulent, so the receiving bank didn't give the money back. The sending bank may have insurance against these cases. The sending bank may then be pissed about it, and maybe won't send money to the receiving bank anymore.