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.