Within the SEPA (Single Euro Payment Area), all euro payments, i.e. sending money within the SEPA area, and all direct debits across Europe are carried out according to the uniform SEPA payment procedures.
Private customers can send money within the SEPA area at any time, online, at self-service kiosks and at a branch. To pay with a SEPA direct debit, all you need to do is to provide the payment recipient with a SEPA direct debit mandate.
Sending money to countries outside the SEPA zone is simple and can be done using a conventional international payment (SWIFT payment).
When sending money within the SEPA area, you will need to provide both your – the payer's – and the payment recipient's IBAN.
When sending money using a SEPA transfer, the money will be credited to the recipient's account within one bank day. Paper-based SEPA transfers take a day longer.
Payments of more than Euro 12,500 to or from another country have to be reported to the German Central Bank.