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European electronic payments

SEPA

SEPA Credit Transfer

SEPA Credit Transfers are a quick and cost effective way of making Euro payments to any of the 36 countries in the single Euro Payments Area (SEPA).

SEPA Credit Transfer allows payments up to €1bn per transaction. 

Easy way to pay, simply enter the beneficiaries International Bank Account Number (IBAN) and Branch Identifier Code (BIC), these details are provided the beneficiary.

Provide your customer with easy way to pay you, simply provide your customer with your unique International Bank Account Number (IBAN) and Branch Identifier Code (As a Royal Bank of Scotland customer you can use RBOSGB2L)

Make & Receive SEPA payments from your £ UK business account, when using a GBP account, the currency is automatically converted into Euro for you*.

* € Currency Business Accounts are also available, supporting your European payables and receivables, for more information on how to apply please visit Business Currency Current Account.

What you'll need

  1. 01

    Beneficiary's name

  2. 02

    Beneficiary's SWIFT BIC (Bank Identifier Code)

  3. 03

    Beneficiary's International Bank Account Number (IBAN)

  4. 04

    Charges need to be shared between sender and beneficiary (SHA)

Please note: Norway, Iceland, Switzerland, Monaco, San Marino, Liechtenstein, Andorra, Vatican are included in the Single Euro Payment Area (SEPA).

How long will it take?

SEPA Credit Transfers arrive at the beneficiary’s bank the same business day, provided that the payment is made before 2pm (GMT).

If you require a more urgent Euro payment, then your payment can be made via your Royal Bank of Scotland Business card (Non-sterling transaction fee at 2.75%) or online selecting an International Transfer up to 4pm (£15 per transaction).

How much will it cost?

Cost via Bankline

To make a SEPA Credit Transfer our fee is 45p per transaction.

We do not charge for a SEPA Credit Transfer that credits your business account.

Where a transaction requires foreign exchange conversion, a margin is applied.

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Cost via Digital Banking

To make a SEPA Credit Transfer we do not charge you a transaction fee.

We also do not charge a fee for a SEPA Credit Transfer that credits your business account.

Where a transaction requires foreign exchange conversion, a margin is applied.

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International Trade Hub

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