SEPA Transfers in Over 30 Countries: What You Should Know

SEPA transfers are revolutionizing cross-border payments in Europe. With this modern payment system, you can easily transfer money in euros between participating countries and regions—whether to friends, business partners, or between your own accounts. No matter which country your recipient resides in: as long as it’s in the SEPA zone, the transaction is quick, secure, and often free of charge.

Which countries use the SEPA system?

The SEPA system (Single Euro Payments Area) connects over 30 countries and territories in Europe and beyond. In addition to all EU member states, countries like Iceland, Liechtenstein, Norway, Switzerland, Andorra, Monaco, San Marino, and Vatican City are part of the SEPA zone. Notably, the United Kingdom also supports SEPA for euro accounts, even though it is no longer an EU member.

This broad coverage practically means you can flexibly send or receive money in any of the participating countries. Whether you pay in Scandinavia, the Alps, or Southern Europe—the SEPA standards apply uniformly everywhere.

The basics: How does a SEPA transfer work?

A SEPA transfer allows you to make euro payments between bank accounts in participating countries. The system is based on standardized procedures agreed upon by banks across Europe. Unlike older international transfers, SEPA is straightforward and reliable.

To successfully complete a transfer, you need the following information about your recipient:

• Full name
• IBAN (International Bank Account Number)
• BIC/SWIFT code (optional, depending on the bank)
• Amount in euros
• Reference text or payment reason (optional but recommended)

Important: The SEPA system only accepts euro payments. Other currencies require separate procedures and are not processed via SEPA.

Guide: How to make a SEPA transfer

The process is surprisingly simple. First, log into your online banking—whether through the mobile app or your bank’s website doesn’t matter. Both access methods work the same.

Then, look for the option “SEPA transfer,” “Euro transfer,” or “Payment in the EU/EEA.” These labels may vary slightly depending on your bank. After selecting this payment type, enter the recipient’s details: name, IBAN, and optionally BIC/SWIFT.

Next, enter the euro amount and add a reference or payment purpose if desired. Before submitting, it’s crucial to double-check all entered data. An incorrect IBAN can lead to unnecessary delays or even misdirected payments. Once confirmed, your SEPA transfer will be processed.

Duration and fees: What does it cost and when will the money arrive?

Processing time depends on the type of transfer chosen. The classic SEPA Credit Transfer (SCT) usually takes one banking day. If speed is essential, you can use the real-time transfer (SEPA Instant)—available 24/7 and credited within seconds.

Regarding costs, here’s good news: transfers within the SEPA zone are mostly free or very inexpensive. Still, it’s worth checking your bank’s fee schedule to ensure no hidden charges apply.

Tips for secure SEPA transactions

To ensure your transfer goes smoothly, follow these best practices: double-check the recipient’s IBAN before confirming the transaction. An incorrect account number can cause trouble and delays.

For time-sensitive payments, use the real-time transfer—it often costs no more but guarantees immediate fund flow. Always keep the payment confirmation, especially for larger amounts or business transactions. Remember: SEPA payments are limited to euros. If you want to pay in other currencies, you’ll need to use alternative methods.

The strength of SEPA lies in its reliability and standardization across so many countries. With this system, you have a secure, fast, and cost-effective way to move money across Europe.