The benefits of SEPA

Overview

With HSBC, SEPA Credit Transfers are reduced to just one day (SEPA stipulates a three-day maximum) and by meeting certain cut-off times, you can even make same-day payments. Our online payment platform HSBCnet makes it easy to manage SEPA Credit Transfers and other payments and receivables.

Meanwhile, the SEPA Direct Debit scheme aims to standardise direct debit payments across Europe. Operate direct debits between different countries through this single solution, and conveniently manage your payments centrally. If you currently make direct debit payments, the only noticeable differences are minor changes to the information on your statement. You'll still pay the same amount for each direct debit and there's no need for you to contact us to change any details.

Benefits for domestic payments

Making payments within one country is a breeze with the introduction of several SEPA products. Use SEPA Credit Transfers to make non-urgent payments in euros from a single euro bank account – making it much easier to start making cross-border payments in a period of one to three days. Meanwhile, SEPA Direct Debit provides you with an opportunity to consolidate your bank accounts to fully optimise your European cash management structure.

Benefits for cross-border euro payments

Whether your payments are decentralised or centralised, SEPA can impact your business in one way or another. Make your business more manageable, efficient and cost-effective through SEPA.