The benefits of SEPA

Whether your business operates internationally or domestically, you can start taking advantage of Single Euro Payments Area (SEPA) products today to speed up and standardise your payments. Our strategic focus on financing allows us to enhance the efficiency 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.

Decentralised payments

Consolidate your payments and banking relationships with SEPA. For multinationals with decentralised payments, SEPA offers the opportunity to improve efficiency and cut costs.

Centralised payments

If your payments are centralised and limited to three countries or less, SEPA offers benefits for both regular and one-off payments and collections. And if you make payments to three or more European countries and your operations are centralised, you are in a strong position to maximise cash visibility and liquidity.

By switching to SEPA products for payments across numerous areas, you can simplify your processes and improve efficiencies.

As a business with interests in Europe, SEPA will increasingly offer you new opportunities as more SEPA products are introduced. These will eventually replace domestic payment schemes such as direct debits and credit card payments. As a result, SEPA will have a much greater influence on your payments and SEPA compliance and implementation will become a broader issue for you.

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Contacts for expert advice on SEPA

External links
Austrian National Bank
Austrian Payments Council
European Payments Council

External links
SEPA government site of the Belgian Flemish Community
National Bank of Belgium

External links
European Central Bank
European Payments Council

External links
Central Bank of Cyprus
European Central Bank
European Payments Council

HSBC site
HSBC Czech Republic website

External links
European Central Bank
Czech national bank
European Payments Council

External links
European Central Bank
European Payments Council

External links
Eesti Pangaliit
European Payments Council
European Central Bank

External links
Bank of Finland
State Treasury
European Payments Council

HSBC site
HSBC France website

External links
Banque de France SEPA
SEPA France
Fédération Bancaire Française

HSBC site
HSBC Germany website

External links
Deutsche Bundesbank
German Association of Corporate Treasurers

HSBC site
HSBC Greece website

External links
Bank of Greece
European Central Bank

External links
SEPA Hungary
European Central Bank

External links
European Central Bank
European Payments Council

HSBC site
HSBC Ireland website

External links
European Central Bank
European Payments Council

External links
Associzione Bancaria Italiana
Banca d'Italia

External links
SEPA Latvia
Association of Latvian Commercial Banks
European Payments Council

External links
European Central Bank
European Payments Council

External links
Bank of Lithuania
European Central Bank
European Payments Council

External links
Banque centrale du Luxembourg

HSBC site
HSBC Malta

External links
Central Bank of Malta
European Central Bank

External links
European Central Bank

External links
SEPA Netherlands
European Central Bank

External links
European Central Bank
European Payments Council

HSBC site
HSBC Poland

External links
National Bank of Poland
Polish Bank Association

External links
Banco de Portugal
European Central Bank
European Payments Council

External links
Romanian Banking Association
Banca Nationala a Romaniei
European Payments Council

External links
National Bank of Slovakia
European Central Bank

External links
European Central Bank
European Payments Council
SEPA Slovenia

External links
SEPA Spain
Sociedad Española de Sistemas de Pago (Iberpay)

External links
Sveriges Riksbank
European Central Bank
European Payments Council

HSBC site
HSBC Switzerland Website

External links
SEPA Switzerland
European Central Bank
European Payments Council

HSBC site
HSBC UK

External links
UK Payments Administration
European Central Bank