With SEPA Credit Transfer it is possible to manage international account payables just as easy, quick and cost-effective as domestic transfers. It allows corporate and retail customers to handle standardised euro credit transfers within Europe using common format, rules and processes.
Danske Bank offers a complete SEPA Credit Transfer solution, providing the following benefits:
- Simplified payment management
- Standardised format — ISO 20022 XML
- Attractive fee conditions (same conditions for local and international account payables)
- Full amount transferred (no deduction of fees)
- Remittance information of 140 characters
By February 2014 SEPA Credit Transfer will replace all existing domestic euro credit transfers schemes and local clearing in Europe. SEPA Credit Transfer will provide a number of new possibilities, especially for clients seeking the potential of centralising the account payables handling (payment factory).
If you want to know more about our SEPA solutions in the various countries, please contact one of our Cash Managers by selecting a country to the right.