The aim of having a Single Euro Payments Area (SEPA) - and the reason for the implementation of the system - is to allow cashless payments to be made in euros across the whole region, using a single bank account and a single set of payment instructions.
Practically speaking, it means there should be no difference between making payments within a country or doing so across borders. In a wider sense, it's about creating a single market for Payment Services, as has already been achieved for some goods and services.
The project is the fruit of a political aim linked to the development of the European Union. Credit institutions – banks, savings banks and credit cooperatives - are actively working towards implementing the project, coordinated by the European Payments Council (EPC).
The gradual implementation of the project involves all those who take part in the banking process - individuals, companies, and other organisations: any party that arranges or receives payments. And it's important to keep everyone informed and involved.
The content on this website is CECA and Savings banks' contribution to help ensure project is a success and that SEPA, the main goal, is made a reality. On the website you can find important information about SEPA, giving all those who have a stake in the project all the information they need.
?? Action plan for niche products and transitions in EU Regulation 260/2012 - Comité Nacional de Pagos (National Payments Committee) - April 2015
Addendum to the Action Plan for migration to SEPA direct debits and transfers in Spain, October 2013
Action plan for migration to SEPA direct debits and transfers in Spain - BdE/AEB/CECA/UNACC, December 2012
EU Regulation 260/2012 establishes technical and business requirements for transfers and direct debits in euros, and amends Regulation (EC) 924/2009 - European Parliament and Council of the EU, March 2012
Addendum to the Spanish plan for migration to SEPA - Monitoring Committee, December 2007
Giudance on SEPA direct debit R-transactions reason codes - Translation of EPC document. November 2015