Easy payments within Europe
Would you like to transfer money to a European bank account? Or settle invoices or pay for purchases across national borders?
SEPA, the Single European Payment Area for the euro now makes this a piece of cake. Bank transfers, direct debits and bank card transactions can now be completed in the same way across Europe.
The European Commission website ‘Your Europe’ provides general information on financial products and services in Europe.
SEPA stands for the Single Euro Payments Area for the euro. The zone covers a number of SEPA countries, as listed below. SEPA was established following a request by the European Commission addressing the banks of the eventual SEPA countries in order to harmonise and standardise payment methods within the euro zone.
Standardisation within the SEPA countries focuses on the following payment methods:
Summary of SEPA countries
|SEPA countries that are a member of the European Union and use the euro as their national currency||Austria, Belgium, Cyprus (Greek sector), Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain|
|SEPA countries that are a member of the European Union but use another national currency than the euro||Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom|
|SEPA countries that are not a member of the European Union||Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland|