How SEPA Credit Transfer Works
Established by the European Payments Council (EPC), SEPA allows businesses and individuals to make cross-border electronic payments in euros with the same speed, cost, and simplicity as domestic transfers.
- Standardized Identifiers: Requires only recipient IBAN and BIC/SWIFT.
- Full Amount Guarantee: The full invoiced sum must be credited without intermediary deductions.
- Execution Timeline: Standard SCT settles within one business day; SEPA Instant settles in under 10 seconds.