What is SEPA?
11 February 2025
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The Single Euro Payments Area (SEPA) is an initiative of the EU governments, the European Commission and the European Central Bank (ECB). SEPA provides conditions for enhanced competition in the provision of payment services to the benefit of both organisations and individuals.
The European Payment Council (EPC) website provides the most recent SEPA rulebooks. The rulebooks cover the payment options SEPA Credit Transfer and SEPA direct debit.
- Opens in a new tabSEPA Credit Transfer Rulebook
- Opens in a new tabSEPA Direct Debit Rulebook Core
- Opens in a new tabSEPA Direct Debit Rulebook B2B
SEPA standardisation includes the use of International Bank Account Numbers (IBAN) and the Bank Identifier Code (BIC) for all transactions. ING customers are only required to use the IBAN for SEPA transactions.
The SEPA area currently comprises Opens in a new tab41 countries, including the European Union member states (Eurozone and non-Eurozone members). There are a number of dependent territories of European member states that are also part of SEPA. The countries and territories can be recognised by their ISO code which is used in the BIC and IBAN.
More information about SEPA is also available from the Opens in a new tabEuropean Central Bank (ECB), the Opens in a new tabEuropean Commission (EC) , and the Opens in a new tabEuropean Payments Council (EPC).
Eurozone, European Economic Area (EEA), and SEPA countries
The overview below differentiates between countries that are part of the Eurozone, the European Economic Area (EEA), and the Single Euro Payments Area (SEPA).
| Country | Eurozone | EEA | SEPA countries | Currency |
| Albania | √ | ALL | ||
| Andorra | √ | EUR | ||
| Austria | √ | √ | √ | EUR |
| Belgium | √ | √ | √ | EUR |
| Bulgaria * | √ | √ | BGN | |
| Croatia | √ | √ | √ | EUR |
| Cyprus | √ | √ | √ | EUR |
| Czech Republic | √ | √ | CZK | |
| Denmark | √ | √ | DKK | |
| Estonia | √ | √ | √ | EUR |
| Finland | √ | √ | √ | EUR |
| France (including French Guiana, Guadeloupe, Martinique, Réunion) | √ | √ | √ | EUR |
| Germany | √ | √ | √ | EUR |
| Greece | √ | √ | √ | EUR |
| Hungary | √ | √ | HUF | |
| Iceland | √ | √ | ISK | |
| Ireland | √ | √ | √ | EUR |
| Italy | √ | √ | √ | EUR |
| Latvia | √ | √ | √ | EUR |
| Liechtenstein | √ | √ | CHF | |
| Lithuania | √ | √ | √ | EUR |
| Luxembourg | √ | √ | √ | EUR |
| Malta | √ | √ | √ | EUR |
| Moldova | √ | MDL | ||
| Monaco | √ | EUR | ||
| Montenegro | √ | EUR | ||
| Netherlands | √ | √ | √ | EUR |
| North Macedonia | √ | MKD | ||
| Norway | √ | √ | NOK | |
| Poland | √ | √ | PLN | |
| Portugal (including Azores and Madeira) | √ | √ | √ | EUR |
| Romania | √ | √ | RON | |
| San Marino | √ | EUR | ||
| Serbia ** | √ | RSD | ||
| Slovakia | √ | √ | √ | EUR |
| Slovenia | √ | √ | √ | EUR |
| Spain (including Canary Islands, Ceuta and Melilla) | √ | √ | √ | EUR |
| Sweden | √ | √ | SEK | |
| Switzerland | √ | CHF | ||
| United Kingdom (England, Gibraltar, Scotland, Wales, Northern Ireland) | √ | GBP | ||
| Vatican City | √ | EUR |
* Bulgaria will join the Eurozone as of 1 Jan 2026
** Serbia will join SEPA zone as of May 2026