About SEPA transfer

SEPA (Single Euro Payments Area) allows EUR transfers across European countries under a unified standard. It’s cost-effective and typically settles within one business day.

How it works

• Unified European network: Covers EU and EEA countries.

• Low cost: Treated as domestic EUR transfers.

• Bank-to-bank: Requires IBAN for direct settlement.

Example:

A French company transfers EUR to a supplier in Spain via SEPA, with the funds arriving the next business day at no extra international fees.