SEPA payments
SEPA Credit Transfers
The SEPA (Single European Payments Area) Credit Transfer scheme went live on 28th January 2008 to allow payments to be settled across 36 SEPA zone members within Europe, as a low-cost local payment.
SEPA Credit Transfer Scheme functionalities through Banking Circle:
- Same-day settlement available
- Can be sent through the Banking Circle web platform or via our API
- Supported currency: 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
Banking Circle delivers access to a global IBAN account infrastructure, through a platform from which they can trade forex and make international payments.
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