EU Payment (English)

EU Payment/ SEPA Credit Transfer (SCT) is an electronic payment in euro from one bank account to another in the SEPA area*. This type of credit transfers are processed and charged the same way irrespective of whether the payee's account bank is in Denmark or in another SEPA country.

Main benefits

  • Same format regardless whether the euro payment is sent within a euro country or between different SEPA countries.
  • SCT is the local payment type in all euro countries and thereby cheaper than equivalent international transfer, if the euro payment is sent cross SEPA area.
  • SCT is faster. The receiving bank will receive the payment the next banking day at latest if registered before cut off.
  • The payment fee is not deducted from the payment, thus the full amount is always transferred.
  • Transfer fee is always shared between the initiator and beneficiary and charged separately. 
  • There is no amount limit for this kind of payment.
  • One standardized format (ISO 20022 XML) to maintain.
  • 140 character remittance information for better reconciliation process.


 In order to use EU Payment/ SCT as the preferred payment type, the ordering customer must fulfil following conditions:

  • The transfer currency must be in euro
  • The receiving bank must be located in the SEPA area
  • The transfer must be in ISO 20022 XML format and either sent to bank in the mentioned file format or manually initiated in the preferred payment channel
  • The account number of the receiver must be in IBAN (International Bank Account Number) format

In order to use EU Payment/SCT as the preferred collection type for euro transfers, receiving customer should inform the sender of its own IBAN. 


Forms to be used when you order international transfers and cheques are available here.

Relevant links


International account number for cross-border payments

Læs mere


The Bank Identifier Code (BIC, formerly SWIFT) is a characteristic that identifies the bank.

Læs mere