It's a format for cross border payments in Euro within the EU. Its purpose is to make all payments in the EU like a domestic transfer. Related Questions More FAQs What are the bank transfer limits? How do I buy with my bank and transfer Bitcoins? Can I buy Bitcoin through my bank? What are the SEPA bank details of BitIreland How to make a SEPA bank transfer How long it takes to receive a SEPA payment Why choose bank transfer for buying bitcoin? How to buy Bitcoin with Bank Transfer Why €2.00 banking transaction fee
