Discover SEPA payments in Genome — the most convenient way to send or receive money if you live, work or run your business within the Eurozone. Dedicated EUR IBAN accounts help to receive and send funds in your company or personal name. Keep your transfers secure as Genome is licensed, protected and regulated by the Central Bank of Lithuania.
The purpose of a SEPA initiative was to make cross-border payments within the EU similar to domestic ones. Thanks to this, the payments are more frictionless within the SEPA zone.
Another benefit is that SEPA service fees are lower compared to other options, such as SWIFT. In Genome, incoming and outgoing SEPA transfers are 1 EUR only. See detailed pricing here.
SEPA payments are executed within 4 hours (clearing times for SEPA transfers), while other transfer options can take 3 to 4 business days to reach the beneficiary. You can schedule and plan your transfers accordingly.
Send transfers online with Genome! All you need is to know the person’s full name, IBAN, and BIC. You can track all the outgoing and incoming payments via the app or the web version.
Enter the name of a beneficiary
Enter the full name of the person you send the money to. Make sure you have spelled everything correctly to avoid operation errors.
The International Bank Account Number is used by the EU and other countries to identify the money receiver safely. Its length varies between countries, the maximum length is 34 characters.
Their Bank Identifier Code (BIC)
The BIC is used to identify the recipient’s bank and its branch. It is 8 or 11 characters long, consisting of both digits and letters.
Enter the transfer amount
Please fill in the amount of money you want to send another person. Make sure you have enough funds in your account. Double-check the previous fields.
Single euro payments area (SEPA) transfers are cross-border payments in euro, which are made within the eurozone. Right now, there are 36 countries in the SEPA zone, so Genome users can send and receive SEPA payments from them.
You will need this information to make a SEPA payment: Name of a person (beneficiary) you are making a transfer to; The International Bank Account Number (IBAN) of a person, which consists of 34 digits; The person’s Bank Identifier Code (BIC) — is a number-letter combination, which consists of 8 to 11 characters;
SEPA transfers usually take from 4 hours to 1 to 2 business days, they are usually completed within a business day or the very next business day.