---
title: SEPA
slug: hsbc/sepa
description: Discover the necessary steps to ensure timely SEPA payments!
docTags: 
createdAt: 2025-12-10T18:38:35.370Z
---

SEPA (Single Euro Payments Area) payments are used for non-urgent, standardized Euro transfers within and between 41 SEPA-reachable countries. All transfers must be in **Euro (EUR)**. Transfers clear within one working day when initiated before the bank's cut-off time.

For NetSuite users, the Entity Bank Details bundle is required to process SEPA payments through the plugin.

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## Key Terms

Below are some key terms to help you navigate the instructions and setup for SEPA payments more easily.

| **Term**                                     | **Definition**                                                                                                                                                                                                                                                |
| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **International Bank Account Number (IBAN)** | A standard international numbering system developed to identify an individual’s account at a financial institution. The structure consists of a two-letter country code, followed by two digits and up to 30 alphanumeric characters.                         |
| **SWIFT/BIC Code**                           | A Business Identifier Code (BIC), also known as a SWIFT code, is an 8-to-11-character alphanumeric code that uniquely identifies financial institutions.<br />**Note:** If the BIC is unavailable, you must provide the bank's full name and address instead. |

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## Vendor and Bill Requirements

To prevent payment delays or returns, all payments are required to have the following requirements:

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### Vendor Record

The Entity's full name and address must be accurately populated on the Vendor record.
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### Billing Address and Location

The Billing Address under the Entity and the Bill (if applicable) must be located in the country of destination and must match the country specified in the Entity Bank Details record.
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***

## Payment Requirements

### Payment Context

- **Swift BIC Country Code:&#xA0;**&#x47;B (or relevant 41 SEPA country code)
- **Method**: SEPA Credit Transfer (SCT)
- **Country**: United Kingdom (or any SEPA zone country)
- **Currency:** EUR Only

**Requirement Information**

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:::WorkflowBlockItem
Provid&#x65;**&#xA0;IBAN&#xA0;**(required)
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:::WorkflowBlockItem
Provide **BIC code** (required)
:::
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### Country Information

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**EU Member States (27)**

All EU countries are reachable for SEPA Euro transfers, regardless of whether their local currency is the Euro.

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- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
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:::VerticalSplitItem
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
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**Non-EU Participating Countries & Territories (14)**

These countries are not in the EU but are fully integrated into the SEPA geographic scope.

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- Albania
- Andorra
- Iceland
- Liechtenstein
- Moldova&#x20;
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- Monaco
- Norway
- Switzerland
- United Kingdom
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