What is SEPA?

What is SEPA?

Discover what SEPA is and how it simplifies your money transfers across Europe. Learn how online banks like bunq leverage SEPA for seamless banking!

1 min read

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Hello there! Ever wondered what SEPA is and how it affects your money transfers? You're in the right place! Let's dive into understanding SEPA, the Single Euro Payments Area.

SEPA is a payment-integration initiative by the European Union that simplifies bank transfers denominated in euro. It involves 36 countries: all 27 EU members, EFTA states (Iceland, Norway, Liechtenstein and Switzerland), Monaco, San Marino, Andorra, Vatican City State, and the UK.

How does SEPA work?

With SEPA, transferring money across these countries becomes as easy as a domestic transfer. It means you can make cross-border payments with ease, just like you would at home. This makes life easier for individuals and businesses alike!

The Perks of SEPA

Why should you care about SEPA? Well, if you're using an online bank like bunq, you'll enjoy some nifty benefits:

Simplicity: SEPA makes euro transactions straightforward, no matter where you're sending money within the SEPA zone.

Speed: With instant payments enabled, your SEPA transfers can be immediate.

Cost-efficiency: SEPA transfers are usually cheaper than traditional international wire transfers.

In short, SEPA makes your banking experience smoother and more efficient. Whether you're paying bills, managing group expenses, or running a business, SEPA has your back!

Wrap Up

So, there you have it! SEPA is a game-changer in the world of money transfers, making it easier and cheaper to send euros across Europe. With an online bank like bunq, you can make the most of SEPA and manage your money effortlessly. Ready to enjoy seamless banking? Join bunq today!

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What's bunq?

We're not just a bank; we're a lifestyle choice for those who crave freedom, flexibility, and financial control on the go.

What's bunq?

We're not just a bank; we're a lifestyle choice for those who crave freedom, flexibility, and financial control on the go.

What's bunq?

We're not just a bank; we're a lifestyle choice for those who crave freedom, flexibility, and financial control on the go.

Regain control

We're putting full control over your finances back into your hands.

Regain control

We're putting full control over your finances back into your hands.

Regain control

We're putting full control over your finances back into your hands.

Bank like a local

Seamlessly manage your money, wherever you are.

Bank like a local

Seamlessly manage your money, wherever you are.

Bank like a local

Seamlessly manage your money, wherever you are.

Budget effortlessly

Set up bank accounts and budget from them automatically.

Budget effortlessly

Set up bank accounts and budget from them automatically.

Budget effortlessly

Set up bank accounts and budget from them automatically.

Plant trees

You could plant a tree for every €100 spent with a bunq card.

Plant trees

You could plant a tree for every €100 spent with a bunq card.

Plant trees

You could plant a tree for every €100 spent with a bunq card.

Keep money safe

Our DGS insurance protects your money up to €‎100.000.

Keep money safe

Our DGS insurance protects your money up to €‎100.000.

Keep money safe

Our DGS insurance protects your money up to €‎100.000.

Bank together

Share your finances with anyone, without all the hassle.

Bank together

Share your finances with anyone, without all the hassle.

Bank together

Share your finances with anyone, without all the hassle.

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Open your account in just 5 minutes, directly from your phone.