EUR
€
Euro
Official currency of Eurozone
ISO Country Code
EU
Decimal Places
2 / 4
Subunit
cent
Payment Methods Available
Payment Options
Available payment methods and requirements
Choose the right payment method for your needs
Priority Payment
Fast processing with priority serviceM | SWIFT/TARGET2 |
|---|---|
Cut-off Time (UK) | 14:00 |
D | Same Day |
M | No limit |
D | Any |
Trace | Available |
Recall | Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Standard Payment
Standard payment processingM | Local (SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst)) |
|---|---|
Cut-off Time (UK) | 13:30 |
D | Same Day |
M | €100,000 (SCT Inst) No limit (SCT) |
D | Eurozone SEPA Countries |
Trace | Not Available |
Recall | Not Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Currency Holidays
Currency settlements pause on public or bank holidays.
Currency Holiday Calendar
Official non-business days for this currency- Dec
25
2025Christmas Day
In 123 daysThursday, December 25, 2025
- Dec
26
2025Boxing Day
In 124 daysFriday, December 26, 2025
Account Format
Standards for account numbers and IBAN
Account Format & Structure
Standardised format for financial accounts with this currencyFormat Standards
| Format Type | Structure Pattern |
|---|---|
IBAN International Bank Account Number | CCNN BBBB BBBB KKKK KKKK KK Validate IBAN |
Example Accounts
| Account Type | Example Format |
|---|---|
C Country Code | DE |
C Check Digits | 89 |
B Bank Code | 37040044 |
A Account Number | 0532013000 |
I IBAN | DE89370400440532013000 |
Always double-check account formats before initiating payments to ensure successful transactions.
Additional Notes
Important information and special considerations
Special Considerations
Important notes and requirements for EUR paymentsPlease review these important notes before processing payments in EUR
1
SEPA transfers are available for payments within the EU/EEA.2
Payments where the beneficiary bank is connected to SCT Inst and the payment is below €100,000 the payment will be automatically routed via SCT inst. If the beneficiary bank is not Inst-reachable, the payment will be sent as a SCT.3
TARGET2 is used for high-value euro transfers with same-day settlement.4
BIC codes are mandatory for cross-border payments within SEPA countries.5
All Euro transfers to non-SEPA countries will be processed via SWIFT.6
Non-ASCII characters will be transformed or removed based on domestic and SWIFT restrictions.7
Non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the Swift payment network. The permitted characters on the Swift network are letters, numbers, spaces and the following symbols: / – ? : ( ) . , ‘ +
For more information about payment requirements for EUR, contact your account manager or refer to the latest regulations.
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