SEPA Payments & Transfers
24 May, 2023Just to note….
Our credit union BIC is registered for SEPA payments only.
For the avoidance of doubt this means that our credit union members can send and receive SEPA payments only (regardless of the type of member account e.g. Share account, Current account etc).
If a member wishes to transfer funds into their account, then the payment must be made as a SEPA payment only.
If a member is aware that a third party is making a payment into their account, it is advisable that they tell their financial institution that the payment needs to be made via SEPA.
If a payment is sent in any other way, for example by SWIFT/International Transfer, the payment will be rejected by our processing Bank and the Payer may incur a rejection charge that he/she may be liable for.
