Create a SEPA Transfer

Last Article Update 09.10.2025

This article is dedicated to a core feature of George Business: SEPA transfers. Technically, George needs only two things to make a transfer: a recipient IBAN/contact, and an amount. However, there are many other fields you can use to go into more detail.

 

If you want to make a transfer outside of the SEPA area, you might want to take a look at this article instead.

How to make a SEPA transfer

 

3. Choose:

 

  • An initiating account (the one you want to send from)
  • A recipient (from address book or by creating a new business contact)
  • An amount

As part of Verification of Payee, George checks with the recipient's bank if name and IBAN match. To make this go smoother - and ensure you're sending to the right account - double check recipient details.

4. Now, you can (optionally) enter:

 

  • Text (to give the recipient context) OR a payment reference
  • Sender reference

5. Choose when the transfer should go through. This depends on which execution type you choose.

 

  • Regular SEPA: Select a date. This is the default option.
  • Instant Payment (SEPA): Select a date and specific time. To activate this option, check the box.

 

Instant Payment (SEPA) details Instant Payment (SEPA) details

5. By clicking on "More options", other optional fields expand: 

 

  • Purpose code & Purpose code category:
    With the purpose code category you can decide how to categorise your order. You can label it as, e.g., "Pension payment", "Tax payment"  etc. The purpose code itself then further specifies the type of order.
  • Ultimate debtor & ultimate creditor:
    If the initiating account and/or the recipient are not the same people who will in fact send and receive money, you can change them here.

6. In the next step, you can either save this transfer for later, save the transfer and immediately prepare a new one, or sign it right away.