SEPA Credit Transfers
The SEPA (Single European Payments Area) Credit Transfer scheme was established in March 2013 to allow payments to be settled across 33 SEPA zone countries within Europe, as a low cost domestic payment.
SEPA Credit Transfer Scheme functionalities through Banking Circle:
- Same day settlement available
- Can be sent through the Banking Circle or Payments API
- Supported currencies: EUR
- Account configuration – DE BIC & IBAN
- No correspondent fees
- No landing fees
- No limit to transaction value
- Processed in the same way as a local payment, anywhere across all SEPA countries