SEPA payments

SEPA payments are payments in euros within the Single Euro Payments Area *

SEPA payment conditions: 

  • payer’s bank and payee's bank are in the Single Euro Payments Area  
  • payee's account number is in IBAN format  
  • payment type is classic or instant  
  • the payer and payee shall each pay their own bank’s fees.  

Execution times:

  • Standard payment 
    reaches the payee’s account on the same banking day (T+0) if the bank receives the payment order on a banking day before     16:00. If the bank receives payment order on a banking day after 16:00 or on a day off, the payment reaches the payee’s account on the first following banking day.  
  • Instant payment
    reaches the payee’s account within 10 seconds of the bank receiving the payment order. Payment orders for instant payments can be given 24/7.

*Single Euro Payments Area (SEPA) consists of the 27 EU member states + Albania, Andorra, Iceland, Liechtenstein, Moldova, Monaco, Montenegro, North Macedonia, Norway, San Marino, Switzerland, Vatican and United Kingdom. 

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