Credit Transfer

The “SEPA Credit Transfer Scheme Rulebook” by the European Payments Council (EPC) forms the basis for the processing of SEPA-conforming credit transfers. It contains the rules, procedures and standards for SEPA credit transfers.

The SECB executes SEPA credit transfers through the leading existing clearing systems.

The SECB offers the option of default routing to simplify the process at the debtor’s bank. This means that all payments that meet the SEPA criteria will be executed as SEPA payments. By setting an amount limit, the bank can control the amount threshold at which payments should be executed as SEPA payments. There are basically no amount limits for SEPA Credit Transfers.

Non-SEPA-compatible payments are executed on the same day through TARGET2 or EBA STEP1.

You can find more detailed information about SEPA Credit Transfers on the following websites:

Furthermore, our customer services team will be happy to assist with related questions. Their contact details are listed in the adjoining box.