Last Article Update 11.06.2025
Welcome to the beating heart of your George experience: the transfer.
Sending money to your neighbour or to the other end of the world is one of the most complex things in banking. That's why George makes it as simple and as fast as it gets. Step by step, George will guide you from the creation to the signing of your transfer.
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 2024, 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. To initiate a new transfer, click on the "New Transfer" button either from your overview (on the bottom of the respective account tile) or from within your respective account (on the top right).
2. Everything starts with a name: Enter the recipient's name of your transfer or select one from your address book contacts.
George also supports you with the intelligent autocomplete function: He remembers all existing contacts from previous transfers and offers them as a recipient as you type. The name can contain up to 70 characters (0-9 A-Z a-z öäüÖÄÜß ().,/+<>?;"={}:_%*#§|\$).
3. Enter the IBAN: If you have selected one of your address book contacts, a transfer template, or an autocomplete suggestion, George automatically prefills the recipient's IBAN. Otherwise, please enter the IBAN. George will support you with a live validation of the IBAN format:
4. Amount: As soon as you enter the transfer amount, George already calculates and shows your future account balance after the transfer's execution.
You can also select the currency in which you want to transfer the money. If you select a currency other than EUR, George will automatically proceed with an international transfer (non-SEPA).
After you entered the IBAN and the name of the recipient along with the transfer amount, you can already sign your transfer. However, if you want to add additional information, you can do so in the next steps.
Before you actually sign your transfer with your valid signing method, George will show you a summary.
Author: Samira El-Shamy