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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European electronic payments
SEPA
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SEPA Credit Transfer
A cost-effective way of sending money to Europe.
If you need to make a non-urgent Euro payment to any of the 36 countries in the Single Euro Payments Area (SEPA), the SEPA Credit Transfer is a cost-effective solution.
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 Ednites Credit Union customer you can use NWBKGB2L)
Make & Receive SEPA payments from your £ 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
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01
Beneficiary's name
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02
Beneficiary's SWIFT BIC (Bank Identifier Code)
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03
Beneficiary's International Bank Account Number (IBAN)
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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 next business day, provided that the payment is made before 3pm (GMT).
If you require a more urgent Euro payment, then your payment can be made via your Ednites Credit Union Business card (Non sterling transaction fee at 2.75%) or online selecting an International Transfer up to 4pm (£15 per transaction).
Cost via Online 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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