The SEPA Credit Transfer (SCT) scheme makes it possible to make cross-border electronic payments in euro throughout the current 33 SEPA countries as securely and efficiently as making the equivalent domestic payments. Ultimately, it will be as simple and straight forward to make a payment transfer from Dublin to Paris as from Dublin to Cork.

• The maximum transaction execution time is the next business day
• BIC and IBAN are the only permissible account and bank identifiers for SEPA transactions
• Payment narrative text of up to 140 characters can accompany the payment

SEPA Credit Transfers can only take place between accounts held with banks in SEPA countries that are currently reachable for credit transfers in their national schemes.