SEPA Electronic Transfers

Thanks to SEPA (Single European Payments Area), it’s easier than ever to electronically receive & transfer funds in and out of your credit union account. SEPA was set up to standardise the way all electronic payments are processed in the Euro area, using your account’s IBAN and the BIC of your financial institution. Payments through SEPA are an easy, cost effective way to bank internationally so ask for SEPA!

As of 2025, there are a total of 41 countries in the SEPA scheme including all 27 EU member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The scheme also includes three EEA countries – Iceland, Norway, and Liechtenstein, and 11 non-EEA countries – Albania, Andorra, Moldova, Monaco, Montenegro, North Macedonia, San Marino, Serbia, Switzerland, the United Kingdom, and Vatican City State.

To make a SEPA payment you need:

• The IBAN of the person you want to pay
• The bank to which you are sending the payment to be a member of the SEPA scheme
• The payment to be in Euro