Overview
SEPA – is an important initiative that has simplified transactions across:
- The 28 countries of the European Community (plus associated territories)
- The 3 European Economic Area (EEA) Member States (Iceland, Norway and Liechtenstein)
- Monaco
- Switzerland
- San Marino
SEPA allows businesses to make and receive Euro payments in the same way that they would domestic transactions.
SEPA has already brought many benefits. The main objective is to create a series of common standards, rules and payment processes for making payments across the Eurozone.
- This means if you are making a payment, you have to quote the beneficiary's International Bank Account Number (IBAN).
SEPA aims to continually improve the efficiency of cross-border payments. The complexities involved in such transactions are gradually being removed, to be replaced by a more streamlined infrastructure.
As a major advocate of this important industry initiative, we are well placed to offer practical support to help you transition to the SEPA Credit Transfer and SEPA Direct Debit solutions.
Get in touch
New customers
To discuss your unique banking needs, please call SolutionsLine on:
0345 900 0652
Text Relay 18001 0800 210 0235
Mon to Fri 8am-5.30pm (excl. public holidays)
Calls may be recorded.
Existing customers
Please contact your relationship manager.