SEPA payment must meet the following requirements

• SEPA payments are payments in Europe and in the European Economic Zone in euro currency​
• The payee’s account in the payment order must be indicated in IBAN format
• Payment priority – standard
• The remitter pays only the charge imposed by his/her financial service provider (the fees are shared)
• The remitter can provide specific SEPA payment details (e.g. structured remittance information)