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.