SEPA Fees

What makes a SEPA transfer more expensive?

• Sending bank fee: The fixed fee your bank charges per transaction.
• Recipient bank fee: Some banks may charge a fee for an incoming transfer.
• Intermediary (correspondent) bank charges: Normally there are none in SEPA; there can be on SWIFT.
• Exchange-rate margin: None on a euro→euro transaction; it arises if there is a currency conversion.

Why is SEPA usually cheap?

Before moving on to the fee side, for a general definition of the system you can see the What is SEPA page. Because SEPA operates within the euro, it requires no currency conversion and no intermediary bank. EU regulations aim for cross-border euro payments to be subject to the same fee as domestic euro payments. For this reason, a SEPA Credit Transfer results in low fixed fees in most cases.

Calculate the cost yourself

To compare SEPA and SWIFT by entering your own figures, use the cost calculator; to see how much reaches the recipient according to the charge-sharing option (OUR/SHA/BEN), use the amount reaching the recipient tool. All results are estimates.