Comparison table SWIFT vs SEPA

Comparing difference in sending payments between SEPA vs SWIFT or International wire.

A simple comparison between SEPA and SWIFT.

Detail requirement SEPA SWIFT or Wire Transfers
Name of Beneficiary or receiver Yes (can be optional) YES
IBAN Yes YES
BIC Optional YES
Payment reference Optional YES
SWIFT NO YES
Beneficiary address NO YES
Beneficiary Bank details NO YES
Account number / branch code NO YES
Specific Currency NO (always EURO) YES

Additional resouces

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