SEPA Direct Debit
SEPA stands for Single Euro Payments Area and is an initiative to synchronize payments across various countries within the Eurozone. The goal of SEPA direct debit is to ensure that European payments are made easily throughout the region.
SEPA direct debit pulls funds from the nominated SEPA account and does not need any card networks involved. This is why you may find that your IBAN is not located on your card but on another document, such as in the banking app or the bank account statement.
Transfers, including the instant transfers within SEPA countries, are for free!
IBAN Country Codes
For activations, we can accept any IBAN from the SEPA region. Countries that support the SEPA direct debit and can be used during activation include:
- Andorra (AD)
- Austria (AT)
- Belgium (BE)
- Bulgaria (BG)
- Croatia (HR)
- Cyprus (CY)
- Czech Republic (CZ)
- Denmark (DK)
- Estonia (EE)
- Finland (including Aland islands) (FI)
- France (FR)
- Germany (DE)
- Greece (GR)
- Hungary (HU)
- Iceland (IS)
- Ireland (IE)
- Italy (IT)
- Latvia (LV)
- Liechtenstein (LI)
- Lithuania (LT)
- Luxembourg (LU)
- Malta (MT)
- Monaco (MC)
- Netherlands (NL)
- Norway (NO)
- Poland (PL)
- Portugal (PT)
- Romania (RO)
- Slovakia (SK)
- Slovenia (SI)
- Spain (ES)
- Sweden (SE)
- Switzerland (CH)
- San Marino (SM)
- United Kingdom (Including Gibraltar) (GB)
- Vatican City State (VA)
The brackets after the countries indicate the IBAN code of these countries, and is also known as the 'Country Code' or 'Alpha Country Code'. You can locate this IBAN code as the first two digits in your IBAN, as indicated by the picture below: