SEPA Instant

Direct Money Transfers
Ancoria Bank gives you the opportunity to make direct money transfers in euros to countries in the SEPA zone through SEPA Instant. This way you can transfer money quickly and securely, ensuring that payments reach their destination in seconds, 24/7, 365 days a year.

SEPA Instant

  • Direct money transfer in euros to the recipient’s account
  • Transfer money anywhere and anytime through myAncoria including weekends and holidays
  • The recipient’s Bank should also support SEPA Instant payments
  • Valid for 36 countries, which are members of the Single Euro Payments Area (SEPA)

Frequently Asked Questions

What is SEPA?

The Single Euro Payments Area, better known as SEPA, is essentially a space where consumers can pay and receive payments in euros electronically, within and across borders, having the same characteristics, obligations and rights wherever they are based in.

Which countries constitute SEPA?

36 countries participate in SEPA:

  • The 27 member states of the European Union
  • Iceland, Liechtenstein, Norway and Switzerland
  • Vatican City, San Marino. Monaco, Andorra
  • The United Kingdom

Can I pay in a currency other than Euro?

No. SEPA payments are made in euros only.

What do you need to make a SEPA transfer?

You will need:

  • The name of the recipient (consumer or business)
  • The recipient’s IBAN
  • The exact amount

What is SEPA Instant?

SEPA Instant is a type of SEPA payment through which 24/7 direct euro transfers are provided to SEPA member countries.

How long does it take to complete a SEPA Instant transfer?

It takes a few seconds to process the transaction, 365 days a year, 24 hours a day, and the money is immediately available to the recipient.

What is the maximum daily transfer amount?

For Individuals the maximum daily limit is €10,000.
For Businesses the maximum daily limit is €25,000.

What are Ancoria Bank's processing fees for outgoing SEPA Instant money transfers?

For details about processing fees, please refer to our Table of Commissions & Charges.

Can I revoke a SEPA Instant payment?

Because the transfer is immediate, the payment cannot be revoked before it is processed. You can submit a request for revocation after its completion. The recipient’s approval/consent is required for the refund.