What countries are in the SEPA zone?
The SEPA zone constitutes all the countries in the European Union (EU), regardless of whether or not they use the euro:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK
Other non-EU countries that form part of the SEPA zone are:
Iceland, Liechtenstein, Norway, Switzerland, Andorra, Monaco and San Marino.
Single Euro Payments Area (SEPA)
Thanks to the Single Euro Payments Area (SEPA), customers can now make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way, just like national payments.
SEPA was launched by the European banking and payments industry with the support of national governments, the European Commission, the Eurosystem, and other public authorities. As SEPA not only harmonised the way non-cash euro payments are conducted, but also completed the introduction of the euro as the single currency, the Eurosystem had a very strong interest in the success of the SEPA project.
In addition to the highlighted countries; Andorra, Liechtenstein, Monaco, San Marino, the Vatican City State / Holy See are also part of SEPA.
SEPA credit transfer
A SEPA credit transfer is done in euros.
It is a simple one-time transfer of funds between banks with IBAN identification codes.
If the transfer was scheduled before the cutoff time on a working day, the recipient will receive it on the same day.
SEPA credit transfers are used by customers as one-time payments for goods or services.