ING credit transfers, direct debits and reporting

About

The Single Euro Payments Area (SEPA) is an initiative of the EU governments, the European Commission and the European Central Bank (ECB). SEPA provides conditions for enhanced competition in the provision of payment services to the benefit of both organisations and individuals.

On the website of the European Payment Council (EPC) you can find the latest SEPA rulebooks. In the rulebooks the different items of SEPA Credit Transfer and SEPA direct debit are covered.

SEPA standardisation includes the use of International Bank Account Numbers (IBAN) and the Bank Identifier Code (BIC) for all transactions. Customers of ING have the possibility to use only the IBAN for transactions around the world.

From 1 February 2014 the SEPA area comprises of 34 countries, including the 28 member states of the European Union (eurozone and non-eurozone members). There are a number of territories and dependencies of European member states that are also part of SEPA. The countries and territories are recognised by their ISO code to be used in the BIC and IBAN.

SEPA creates the conditions for enhanced competition in the provision of payment services to the benefit of both organisations and individuals.

More information about SEPA is also available from the European Central Bank (ECB), the European Commission (EC) and the European Payments Council (EPC).

Map of SEPA countries