Sepa Bank Transfer. Add the recipient by providing the required details add the iban of the recipients bank account and pay for your money transfer. To make a sepa bank transfer you need to log in to your bank or payment provider account and set up the transfer as you normally do.
How do sepa credit transfers work. And your revolut euro account supports sepa instant at no additional cost. The sepa zone comprises 34 countries including 28 eu member states alongside iceland monaco switzerland liechtenstein norway and san marino.
Instant payments are the closest substitute to cash.
Sepa is made up of the eurozone countries within the eu and a few other countries which also support eur bank transfers. Sepa is an acronym from the words single euro payments area. Usually used for one off transfers the sepa credit transfer uses the iban international bank account number and occasionally the bic business identifier code numbers of both the sender and the recipients bank accounts to move money from one bank account to another. If the transfer was scheduled before the cutoff time on a working day the recipient will receive it on the same day.