What are SEPA transfers?

SEPA or the Single Euro Payments Area, is a European Union initiative that aims to make cashless euro payments easier within the countries that are part of SEPA.

When you send your money to OFX from a SEPA country, it should cost the same as a local transfer (in most cases that means it’s free.) Inter-European SEPA transfers typically have no bank charges on the recipient’s end as well, however, some banks charge a fee to receive SEPA transfers. SEPA transfers with OFX are usually delivered the same business day or the following business day.

Learn more about SEPA.

SEPA countries list:

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