Payments and transfers

SEPA, international and domestic transfersremember

Wherever your money’s going, with İşbank it will get there safely.

Your benefits:

  • transfers (domestic and foreign)

  • SEPA transfers

The world is growing ever closer together. In order to improve international payment systems, governments and banks have introduced standardised regulations. This project is called SEPA, which stands for Single Euro Payments Area, and it aims to harmonise cashless payments in Europe. The new standardised processes can be used for euro payments in the 28 EU member states, plus Iceland, Liechtenstein, Norway, Monaco and Switzerland.


SEPA is an acronym and stands for Single Euro Payments Area. The EU regulation that establishes SEPA step by step is intended to harmonise the different national payment systems and replace them with a standardised process.

With the Single Euro Payments Area (SEPA) there will be no more differences between domestic and foreign payments by credit transfer, direct debit and card payment in the European internal market. National and international bulk payments can also be processed in the same way.

Your payments must be carried out according to SEPA rules as from 1 February 2014.

All bank account holders, whether individuals or companies, are affected by the switch to SEPA.

The SEPA consists of the 28 EU member states, the EEA members Iceland, Liechtenstein and Norway, plus Switzerland and Monaco.

Your individual timetable and to-do list for the switch to SEPA should enable you to adapt all credit transfers and direct debits to the SEPA payment process before 1 February 2014.

Until 1 February 2014 you can still carry out your payments with your account number and sort code. Up to this date your account number and sort code will be converted automatically to the IBAN and BIC and sent to the receiving bank.
Card payments are not yet affected by the change to SEPA. The widespread electronic direct debit procedure can still be used until 1 February 2016.

IBAN replaces the national account number:
for national and international credit transfers and direct debits in euros the IBAN (International Bank Account Number) replaces the basic bank account number (BBAN, so in Germany the old account number and sort code) as of 1 February 2014.

The BIC expires:
after 1 February 2014 for domestic payments and after 1 February 2016 for cross-border payments to EU countries, consumers are no longer obliged to state the BIC of the payment services provider for a payer or payee.

For the transitional period up to 1 February 2014 you can use either account number and sort code or IBAN and BIC for transfers to your current account: we accept both variations.
As of 1 February 2014 all domestic credit transfers will be carried out in the new SEPA format – the old account number and the sort code can no longer be used.
Of course you can make credit transfers to your current account from any German current account at any time.

The main change for private clients is a code which will replace all national bank details (in Germany the account number and sort code): the IBAN (International Bank Account Number).
The IBAN can be longer or shorter depending on the country (in Germany it always has 22 characters), but it is always composed in the same way: it consists of an international part, made up of a country code and a check digit, and a national part, which contains the individual account details. In Germany they are the sort code and the account number.
As part of the transition we have included your IBAN and BIC on your bank statement in addition to your previous account number. You can also ask for your IBAN and BIC in our branch offices. Our website also includes an IBAN calculator for your use.

Until February 2014 an additional code has to be used for domestic credit transfers: the BIC (Business Identifier Code). This is an internationally standardised bank code (comparable to the sort code in Germany), which enables the identification of payment services providers worldwide. The BIC for Isbank AG is ISBKDEFX XXX. XXX represents the BIC number. The BIC for your branch can be found on your bank statement or you can ask the staff at your branch.

No. SEPA payments can only be processed in euros. Payments in other European currencies can only be made by means of an international credit transfer as before.

All the information that you need to master the switch to SEPA for your company and what you need to remember can be found in our SEPA-PDF.

You can also find more information on our website

SEPA transfersInternational transfers
Currencyeuroall currencies
Transfer limitnonenone
ScopeEU (SEPA area), European economic area (EEA), Switzerlandworldwide
FeesDetails can be found in the list of services and prices.more information can be found in our list of fees/services