This page contains information about the uniform payment area for transactions denominated in euros SEPA "Single Euro Payments Area".

 

SEPA stands for "Single Euro Payments Area". The system replaces all national payment methods and has created a uniform payment area for transactions denominated in euros with the aim of simplifying payments in Europe. Cross-border transfers, direct debits and card payments in SEPA countries have thereby become faster and more efficient.

The International Bank Account Number (IBAN) will be mandatory for all from 1 February 2016 onwards. The use of account numbers and sort codes will no longer be admissible for legal reasons.
For payments within the EEA (European Economic Area), the IBAN will be sufficient. The BIC (Bank Identifier Code) will be required only for payments outside the EEA.

Important details on SEPA are available on the German central bank’s website:

General information from Bundesverband Deutscher Banken on SEPA
Creditor Identification Number

From 13 January 2018, the following terms and conditions apply:

General Terms and Conditions
Terms and Conditions for Credit Transfers (only available in German)
Terms and Conditions for Direct Debit Transfers (only available in German)
Terms and Conditions for SEPA Core Direct Debit Transfers (only available in German)
Terms and Conditions for SEPA Business to Business Direct Debit Transfers (only available in German)