What is SEPA?

One European payments market

As a result of the implementation of SEPA (Single Euro Payments Area) we now have one European payments market with standardized payment products. Instead of separate rules for each country, there are now standard rules that apply to all SEPA countries. This makes payment transactions in the SEPA countries a lot easier. For instance, you are now able to pay invoices and direct debit accounts in the SEPA countries from a single account. A uniform payments market is also conducive to competition, which can in turn result in better products, greater efficiency and lower costs.


What is IBAN?

An International Bank Account Number (IBAN) is assigned to you and your customers. You must use an IBAN for every payment transaction. You can find your IBAN on your account statement and via Internet Banking.

Please note: you should accept incoming payments and direct debits from all IBANs. It is not allowed to decline a payment or direct debit because the IBAN is held in another country. Your administration systems should be able to process payments and direct debits from all SEPA countries.

The SEPA countries

Austria Hungary Portugal**
Belgium Iceland Romania
Bulgaria Ireland San Marino
Croatia Italy Slovakia
Cyprus Latvia Slovenia
Czech Republic Liechtenstein Spain***
Denmark Luxembourg Sweden
Estonia Malta Switzerland
Finland Monaco United Kingdom****
France* Netherlands
Germany Norway
Greece Poland

* including French Guyana, Guadeloupe, Martinique, and Réunion
** including Azores and Madeira
*** including Canary Islands, Ceuta and Melilla
**** including Gibraltar and Northern Ireland

SEPA downloads

ABN AMRO has listed all technical information, sample files, and forms related to the SEPA payment standards.