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What does SEPA, IBAN a BIC? mean?
What does SEPA, IBAN a BIC? mean?
Veronika avatar
Written by Veronika
Updated over a week ago

SEPA (Single Euro Payments Area) means a united area for payments in euro. This marks a new currency regulation for national and European payments.

IBAN (International Bank Account Number) is a number that replaces all account details (account number and bank code in the Czech Republic).

BIC (Business Identifier Code) is an internationally standardized bank code that uniquely identifies a bank in international payment transactions.

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