An introduction to SEPA

This video feature (7 minutes and 55 seconds), released in December 2010, highlights key benefits for bank customers resulting from migration to the Single Euro Payments Area ( ). European Union Regulation effectively mandates migration to harmonised payment schemes in the euro area by 1 February 2014. In non euro countries, the deadline will be 31 October 2016. For more information, view the video ‘ for Billers’ (see below) and visit this dedicated page on the Website: SEPA Legal and Regulatory Framework.