The Single Euro Payment Area (SEPA) is a project aimed to create a single market for within the European Union, based on cooperation, common procedures and standards of all European banking systems.
The European Union decided to introduce the SEPA system to facilitate and accelerate cross-border money transfers between EU countries.
The Single Euro Payments Area (SEPA) relates to payments between 31 European countries: 27 EU members, Iceland, Norway, Liechtenstein and Switzerland.
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A SEPA payment executed at HSBC Bank Polska S.A. is an opportunity to reduce the cost of European payments. Each payment in Euro is only 5 PLN, and the payment is executed on the same day.
SEPA payments instructions are processed by HSBCnet – the payments can be executed easily, from any location, any time.