SEPA (Single Euro Payments Area) is one of the easiest and most common ways to transfer money internationally. It’s designed to make cross-border EUR transfers within the European Union, and some non-EU countries, just as fast and simple as domestic transfers.
To send and receive money via SEPA, both the recipient’s and sender’s banks or financial institutions must support the SEPA system.
IN1 offers free incoming SEPA payments. Our Basic plan customers can send SEPA payments with a fee of 1% (minimum 3 EUR), while our Premium plan customers enjoy 2 free outgoing SEPA payments per month, with any additional ones charged at 0.5% (minimum 3 EUR).
FAQ:
How long does a bank transfer take?
A SEPA transfer is quick and efficient, and typically takes up to 1 business day to be processed.
What do I need to receive a SEPA transfer?
The sender's bank must support SEPA, and the transfer must be in euros.
To receive a SEPA transfer, you’ll need to provide the sender with your name, country, and IBAN. For help finding your IBAN, read more here.
How do I send a SEPA payment?
To send a SEPA payment, you’ll need the recipient's name, country, and IBAN. Once you have this information, follow the steps outlined here.
Can I send SEPA using my crypto balance?
Yes, you can use your crypto balance to send a SEPA payment. The crypto amount will be converted into euros, reducing your crypto balance. The converted funds will then be sent as a SEPA transfer.