Local payments
Euro payments that move like domestic ones
Send and receive across the SEPA zone with an IBAN and, sometimes, a BIC. A transfer in euro usually arrives the same or the next working day.
Inside Europe, a euro payment is a local payment
A euro transfer inside the Single Euro Payments Area follows one standard, whichever of the countries it crosses: the same details to send it, and usually the same or the next working day to arrive. You send and receive it from the euro balance of your Reibanq account.
You need an IBAN, and the rest is handled
The money usually lands the next working day
Euro credit transfers inside the zone usually arrive the same or the next working day.
Every country follows the same standard
One process across the zone, so a transfer to Lisbon works like a transfer next door.
An IBAN, sometimes a BIC, and it is sent
No routing rules to look up and no form to sign: the details you already have are enough.
Every country in the zone is reachable
Customers and suppliers anywhere in SEPA, from the same euro balance.
You pay from the euro you already hold
The transfer is funded from the euro balance of your Reibanq account.
Sent, received and reconciled in one list
SEPA movements sit in the same transaction list as everything else you do. The three instruments — transfer, instant transfer and direct debit — are set out in SEPA payments.
What changes when euro moves on SEPA rails
- Euro payments priced by plan, with the fee shown before you send
- Collect and pay sooner, which shows up in cash flow
- One standardised process instead of national rules
- Partners paid on the date you told them
- The same screen wherever in Europe the money goes
Where a SEPA transfer does the work
Your supplier in the zone is paid in euro
No conversion on either side, and the same arrival time as a domestic transfer.
Your customers pay you without converting
Give European customers a euro IBAN and let them settle the way they already do.
Payroll in the zone runs on the same rails
Pay employees across SEPA countries from one euro balance, on one date.
Money moves between your own accounts
Fund another company account inside the group without leaving the platform.
European invoices are settled from one balance
Service providers across the zone paid from the same account, with a receipt that stays.
Ready to pay like a local?
Local rails where they exist, and the cost of each route shown before you confirm.
SEPA payments, explained
What do I need to make a SEPA payment?
You need the recipient’s IBAN and, in some cases, the BIC. Everything else is handled inside your Reibanq account.
Where does the money come from when I make a SEPA payment?
The payment is funded directly from the euro balance of your Reibanq account.
How is a SEPA payment different from an international payment?
SEPA payments are euro-denominated transfers within the SEPA zone and follow a standardised process. International payments may involve different currencies, countries outside SEPA, and separate routing rules.
How can I track my SEPA payments?
All your SEPA payments appear in the transaction list of your Reibanq account, where you can see the status and details of each transfer.
Start sending euro the local way
Open the account, get a euro IBAN, and pay across the zone with the cost of each route on the screen where you confirm.