Receive EUR with SEPA Credit Transfer (SCT) and Multi-Currency Flexibility

Receive EUR across Europe with greater ease and convenience. 

iFAST Global Bank now offers access to SEPA, giving clients a streamlined way to receive euro payments across participating SEPA markets through one globally connected banking platform. 

Simplified EUR Receiving Across Borders 

SEPA (Single Euro Payments Area) supports euro transfers through a harmonised payment network across participating markets, making receiving EUR across borders more straightforward and efficient. 

Whether receiving salary payments, transferring funds between markets, or managing finances internationally, SEPA provides a convenient and reliable way to receive EUR payments. 

Available now with standard SEPA transfers. SEPA Instant coming in July.

Processing time

SEPA EUR payments are currently received via standard SEPA transfers. Payments are processed on business days only (excluding weekends and public holidays) and will typically arrive within 1 business day, depending on when the sending bank sends the payment.

We credit incoming EUR payments throughout the day, with processing cycles taking place regularly between 07:00 and 16:00 UK time on business days only.

Do I need an IBAN? 

Yes, an International Bank Account Number (IBAN) is required to receive EUR payments through SEPA SCT and to make SEPA transfer out transactions once available. You can easily find your IBAN details in the app whenever you need them. 

SEPA Transfer Out Available in July 

 Until SEPA transfer out becomes available, customers can continue to send EUR through: 

• SWIFT – same-currency payments (EUR to EUR), subject to applicable fees 

• EzRemit – cross-currency payments (GBP to EUR), with no transfer fees 

In July, SEPA transfer out capabilities will be introduced, enabling customers to send EUR payments to participating SEPA markets directly from their iFAST Global Bank account. 

Further details on availability, applicable terms and launch arrangements will be shared closer to launch. 

More Than EUR Receiving 

iFAST Global Bank’s Multi-Currency Current Account allows clients to: 

• Save, spend and manage across 9 currencies 
• Manage both GBP and EUR within one account 
• Access a streamlined digital banking experience 

Make More of Your EUR 

Alongside everyday banking, clients can benefit from competitive EUR interest options: 

• 1.25% AER (variable)^ on an instant access EUR Current Account 
• 2.40% AER on a 24-month EUR Fixed-Term Deposit* 

Whether you need flexibility for day-to-day banking or want to grow your EUR savings over time, iFAST Global Bank offers options designed to support your goals. 

Start Banking with iFAST Global Bank 

Experience seamless EUR receiving through SEPA  while enjoying the flexibility of multi-currency banking and attractive EUR savings opportunities. 

Receive, manage and save with iFAST Global Bank. 

^T&Cs Apply. https://www.ifastgb.com/en/interest-rates?prod=mca 

*iFAST Global Bank Fixed Term Deposits have a fixed term. Early withdrawal is generally not permitted and may result in loss of accrued interest. A 14-day cooling-off period applies. T&Cs apply. https://www.ifastgb.com/en/deposit/fixed-term-deposit