Last Article Update 10.03.2025
This article is dedicated to one of the very core features of George Business: SEPA transfers. Technically, George only needs two pieces of information to execute a SEPA transfer – the IBAN/contact that receives the money and the amount. However, there are many other fields you can use to prepare your transfer, depending on how detailed you want the transfer to be.
If you want to make a transfer outside of the SEPA area, you might want to take a look at this article.
The Single Euro Payments Area (SEPA) currently consists of 36 countries, amongst them all 27 EU member states. SEPA's goal is to unify cashless payments in Euro amongst those within the area. A SEPA transfer works the same way as a domestic transfer. The country doesn't need to have EUR as a currency to take part in SEPA, as long as the transfer is done in EUR.
Of course, that means that if an international transfer even within the SEPA area is done in another currency than EUR, it automatically becomes a foreign transfer (non-SEPA). Also, transfers to countries outside of SEPA will always be foreign transfers (non-SEPA).
As of 2022, the following countries are part of SEPA:
Andorra
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France (incl. overseas departments)
Germany
Greece
Hungary
Iceland
Ireland 
Italy
Latvia
Liechtenstein
Lithuania
Luxemburg
Malta
Monaco
Netherlands
Norway
Poland
Portugal (incl. Azores and Madeira)
Romania
San Marino
Slovakia
Slovenia
Spain (incl. Canary Island, Ceuta and Melilla)
Sweden
Switzerland
Vatican
United Kingdom (incl. Gibraltar, Guernsey, Jersey, Isle of Man)
Please note that Greenland and the Faroe Islands are not part of the SEPA area. This also applies to Kosovo and Montenegro: though they do have the EURO as their countries' currency, they are not part of the SEPA area.
1. From your George Business overview, select "New Order" in the left-side navigation.
Of course, you can also initiate a new order directly from one of your accounts, your account history, or by using Hey George!
2. Select "Single Transfer" from the dropdown menu.
3. Next, select the initiating (sender) account, the partner/recipient (using the address book or creating a new business contact) and, of course, the amount.
4. Now you can enter either a text OR a payment reference as well as a sender reference. These two input fields are optional.
You can now give all regular SEPA transfers, including tax authority payments, a higher priority by marking them as urgent transfers while creating them. They will be executed faster.
Technically, an urgent transfer automatically becomes a non-SEPA transfer. It is still faster though. This is due to a different standard being used.
Please note that in a non-SEPA transfer, George might ask you to fill out more fields than in a regular SEPA transfer.
5. By clicking on "More options", other optional fields expand:
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.