The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro.
The idea of SEPA is to make it easier to transfer money and electronic payments between the countries within the SEPA area. This means a smoother, borderless payments zone.
Here are 34 countries within the SEPA Zone, including the 28 EU member states and six other territories.
The 28 EU States:
Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom and Croatia.
Iceland, Monaco, Switzerland, Liechtenstein, Norway, San Marino.
All parts of a country are normally part of SEPA. However, the following countries have special territories which are not part of SEPA:
- Cyprus: Northern Cyprus is excluded.
- Denmark: the Faroe Islands and Greenland are excluded.
- France: the French Southern and Antarctic Lands, French Polynesia, New Caledonia and Wallis and Futuna are excluded. Nevertheless, the last three are part of SEPA COM Pacifique.
- Netherlands: Aruba, the Carribean Netherlands and Sint Maarten are excluded.
- Norway: Svalbard and Jan Mayen are excluded.
- United Kingdom: the British Overseas Territories are excluded, but Gibraltar and the Crown dependencies are included.
Jurisdictions using the euro that are not in SEPA: Akrotiri and Dhekelia, Kosovo and Montenegro.