The key characteristics of the SEPA credit transfer are:

The transfer can only be made in Euros and the amount is unlimited (unless the channels available to customers have set limits); the debit and credit are always made to a current account; the payer and payee pay commissions to their banks and reductions of the amount involved along the payment chain are not possible; information for the beneficiary must not be more than 140 characters; the maximum settlement time is three business days after acceptance of the transfer instruction by the payer's bank (the instruction acceptance day may be decided by the payer in advance for our bank); lBAN (International Bank Account Number) is the only identifier of the beneficiary's account. The bank will automatically calculate the beneficiary bank's BIC, necessary to initiate payment. transfer instructions may be presented either at the bank counters or by e-mail.