What is SEPA?
SEPA (Single Euro Payments Area) simplifies euro transfers across participating European countries and offers standardised conditions for cross-border payments.
What is SEPA Instant?
SEPA Instant enables real-time euro transfers across the SEPA region. It is available 24/7, and funds typically reach the recipient within 10 seconds.
What is SEPA Normal (Standard Credit Transfer)?
SEPA Normal is a standard euro transfer method, processed within one business day, and available only during regular banking hours.
How long do payments take?
SEPA Instant: Funds transfer in seconds, available 24/7.
SEPA Normal: Usually takes one business day; not available on weekends or holidays.
Which one should I use?
• SEPA Instant: For urgent payments requiring immediate confirmation.
• SEPA Normal: For non-urgent payments with potentially lower fees.
Are all banks compatible?
Not all banks support SEPA Instant. Ensure both the sender’s and recipient’s banks are compatible.
Can payments be cancelled?
• SEPA Instant: Cannot be cancelled once initiated.
• SEPA Normal: It may be cancelled if it hasn’t been processed yet.
Do you know if SEPA is secure?
Yes, both SEPA Instant and SEPA Normal adhere to strict security regulations.
What currency is used?
SEPA payments are only for euro transactions within the SEPA region.