Single Euro Payments Area (SEPA)

About SEPA

• The SEPA area covers 40 states: 27 EU countries as well as Albania, Andorra, Iceland, Liechtenstein, Moldova, Monaco, Montenegro, North Macedonia, Norway, San Marino, the UK, Vatican City and Switzerland.
• For EUR payments as per the SEPA standard, SEPA international payment and SEPA Direct Debit are the transfer types available
• SEPA payments require you to specify the IBAN (International Bank Account Number)
  
• Wherever possible, PostFinance will forward your payments as SEPA-compliant credit transfers at no additional cost
• SEPA payments in e-finance are free of charge, but some receiving banks may charge their customers a fee for credits received (this is beyond PostFinance’s control)

Transfer types as per SEPA standard

SEPA International payment

• International payments are automatically checked to ensure that they meet SEPA requirements
• Credited to the recipient account within a maximum of one bank working day as of the debit date
• Transfers to postal or bank accounts in accordance with SEPA Credit Transfer Standard

SEPA Direct Debit

• European direct debit scheme 
• SEPA Direct Debits are made in euros, although the account to be debited does not have to be a euro account.