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Which banks do SEPA payments?

sepa payments

SEPA payments are a fast and cheap method to send Euros, and were introduced by the EU to reduce the cost of cross-border transactions.


Payments usually arrives within one or two working days, using a SEPA transfer from one country to another. What's more, banks aren't allowed to make a charge to receive funds, so it should save you money - particularly if you're sending a large amount and the bank you're dealing with would otherwise charge a fixed percentage.


The SEPA payment service should be available from all major banks, but they will normally make a charge and may have their own termminology for this type of payment. In most cases bank staff are not fully aware of the options available, and you may end up using a more expensive transfer for your Euros instead. If you use a reputable, regulated currency broker instead, you should be able to ensure that your payment is sent by SEPA which will nearly always be the cheapest way to move Euros from one country to another within the EEA.


Furthermore, exchange rates applied by banks are not usually particularly competitive, so by using a broker you can save a significant amount on the actual Euro exchange rate applied to your transaction. If you would like to be put in touch with a broker, please complete the form at the top of the page.


It is also worth noting, that for transfers above €50,000, the SEPA system does not guarantee that charges will be kept to a minimum. If you are sending a larger amount, it is safest to split your transaction into multiple payments of under €50,000, to make sure that you are not subjected to excessive bank charges for your currency transfer.