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What are SEPA transfers?

SEPA stands for Single Euro Payments Area. It covers credit transfers in euros in all Member States of the European Union, as well as the United Kingdom, Iceland, Andorra, Liechtenstein, Monaco, Norway, San Marino, Switzerland and the Vatican, through harmonized systems that allow transfers to be made according to the same rules, in a faster and clearer way.

The beneficiary's BIC and IBAN must be provided for credit transfers. In additional to all the operations that can be carried today, SEPA allows you to receive your salary in a domiciliary Account at ActivoBank if you work abroad.