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What are SEPA transfers?

SEPA stands for the Single Euro Payments Area, and a SEPA transfer is a type of electronic payment used to transfer funds between bank or e-money accounts in the eurozone. SEPA was established to simplify and standardise euro-denominated electronic payments within this area, making cross-border transfers as easy as domestic ones. The SEPA zone includes 36 member states and covers most of Europe.

CFPS offers quick SEPA transfers delivered on the same or next business day at a low flat fee of €0.50 per transaction. Incoming SEPA transfers are free of charge for all CFPS users.

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