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The Single Euro Payments Area, or SEPA, is one of the banking industry's most significant contributions to the single internal market in Europe. SEPA is the next step towards European integration which aims to make all electronic cross-border payments in euro between the participating countries as easy, inexpensive and secure as 'national' payments are today within a single Member State. In the new SEPA world a customer can make electronic payments to any beneficiary located anywhere in the SEPA area using a single bank account and a single set of payment instructions. This means that making a payment from Dublin to Dusseldorf will be the same as from Dublin to Dingle.

For further information please click here.

• SEPA for Consumers
  
• Rely on one bank account and one payment card to make payments within and across the participating European countries
• Most banks now offer credit transfer services between the participating countries and should start offering direct debit services during 2010