SEPA procedure

Standardised money transfer procedure in Europe.

Standardised money transfer procedure in the European Union (+ Switzerland, Iceland, Norway, Liechtenstein, Monaco and San Marino).

SEPA stands for “Single European Payment Area”.

A SEPA transfer always requires IBAN and BIC. IBAN and BIC have replaced the old bank account and identification numbers used in Germany.

See also: IBAN, BIC/SWIFT