With the SEPA system, your payments to other European countries are as simple as within Switzerland itself.
The SEPA (Single Euro Payment Area) enables euro payments to be made via e-banking throughout the whole continent within just three days.
Your payments within Europe: rapid and economical
Advantages
- Operations within the Euro zone are as simple as payments in Switzerland
- Very attractive rates compared with standard operations
- Uniform system, no matter which European country is involved
- Fast turnaround time (3 days maximum)
- The beneficiary receives the full amount
Process
Your payments on our Netbanking platform will be SEPA-processed provided they comply with the following standards:
- Use of the function �International bank payment� in the menu �Payment transactions� and �Enter payments�
- Recipient countries: member states as per the list below
- Currency: EUR
- Beneficiary�s IBAN number specified (International Bank Account Number)
- BIC code (Bank Identifier Code or SWIFT address) of the beneficiary�s bank specified
- Cost option: only �Shared costs� (SHA)
- No instruction from SIEBK
To receive a payment transfer from a SEPA-zone country
- For in coming transfers from abroad to be credited to your account, give the issuer of the payment order your IBAN number and the Swift/BIC code
IBAN code
Your IBAN number appears on your bank statements.
Swift/BIC code
The BIC (Bank Identifier Code or SWIFT address) is an additional identification code. Each branch of a bank has its own code.
