SOLUTIONS | FOREIGN CURRENCY PAYMENTS
International
payments without borders
SEPA (Single Euro Payments Area) enables a standardised euro payment process between member countries. Adopting the SEPA standard simplifies cross-border transactions and is fully aligned with European payment standards.
MIRABANK IS A SEPA SYSTEM MEMBER SINCE
Apr 2026
Single Euro Payments Area * SCT scheme
36+
SEPA countries
24/7
Instant SCT
EUR
Transaction currency
Fixed
Payment fee
PAYMENT PROCESS
Standardised
aligned with European standards
TRANSACTIONS
Cross-border
simpler payments to partners
COSTS
Predictable
greater payment transparency
FEE
Fixed
no hidden costs
Unlike traditional banking channels, this model is significantly more favourable for clients. With the SEPA standard, your business is lighter, faster and free of hidden costs.
SEPA ADVANTAGES
Key advantages of SEPA payments include:
01 / SIMPLER
Payments to international partners through a clearer, more structured process.
02 / ALIGNED
The process is aligned with European payment standards.
03 / MORE TRANSPARENT
Financial planning is easier when costs are predictable.
FOR CLIENTS
A more favourable model for international transfers
Unlike traditional banking channels, this model is significantly more favourable for clients. In addition to enabling faster international euro transfers, SEPA also brings lower payment costs compared to classic international transfers.
Financial planning is easier because the system guarantees greater transparency and cost predictability through mechanisms such as a fixed fee.
- 01
Faster execution of international euro transfers
- 02
Lower payment costs compared to classic international transfers
- 03
Shared costs model (SHA), meaning each party bears their bank's fees while the recipient's account is credited for the full payment amount
- 04
No fees for SEPA incoming payments
OVERVIEW
What SEPA brings to your business
AREA
SEPA FOCUS
MEANING FOR USERS
Payment process
Standardised process
Simpler business with international partners supported by reliable instruments.
Transactions
Cross-border payments
Simplifies cross-border transactions and aligns them with European payment standards.
Costs
Lower payment costs
The model is more favourable compared to classic international transfers.
Planning
Transparency
Greater cost predictability makes financial planning easier.
Fee
Fixed fee
A clearer charging mechanism reduces the risk of hidden costs.
SWIFT
Send and receive money worldwide quickly and securely
SWIFT payments enable reliable international transactions, with support from the bank's expert team and full transparency throughout the entire process. Wherever you operate, your payments arrive where they need to — efficiently and securely.
Payments can be made in euros, Swiss francs and dirhams (AED), which represents an additional convenience for companies doing business with partners in Middle Eastern markets.
COMPARISON
SEPA vs SWIFT vs classic transfer
CHARACTERISTIC
SEPA SCT INSTANT
SEPA STANDARD
SWIFT
CLASSIC INTL.
Execution speed
up to 10 seconds
1 business day
2–5 days
3–7 days
Currency
EUR
EUR
Multiple currencies
Multiple currencies
Fee
Fixed
Fixed
Variable
Variable + hidden
Availability
24/7/365
Business days
Business days
Business days
Coverage
36+ SEPA countries
36+ SEPA countries
Global
Global
Cost transparency
High
High
Medium
Low
FAQ
SEPA — answers
Yes — a foreign currency (EUR) account is required for SEPA transactions. Mirabank opens one free of charge.
NEXT STEP
Open a foreign currency account for international payments
Submit a request and our team will guide you through the next steps.