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SEPA PAYMENT DETAILSDear Sir/Madam,In order to ensure that bank details are accurate, the Academy requires all payees to submit their Bank Account details and email address directly to the Accounts
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How to fill out what is sepa payment

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How to fill out what is sepa payment

01
Obtain the necessary information from the recipient, including their name, address, IBAN (International Bank Account Number), and BIC (Bank Identifier Code)
02
Log in to your online banking account or visit your bank in person
03
Select the option to make a SEPA payment
04
Enter the recipient's information as well as the amount you wish to send
05
Review the payment details for accuracy
06
Confirm the payment and wait for it to be processed

Who needs what is sepa payment?

01
Businesses that need to make or receive payments in euros within the SEPA (Single Euro Payments Area) countries
02
Individuals who need to send money to friends or family members in SEPA countries

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SEPA payment refers to the Single Euro Payments Area payment, which allows for simple and efficient bank transfers in euros across Europe.
Businesses and individuals who conduct euro-denominated transactions within the SEPA zone are required to use SEPA payment methods.
To fill out a SEPA payment, one needs to provide the recipient's IBAN, BIC, payment amount, currency, and any applicable reference information.
The purpose of SEPA payment is to simplify cross-border euro payments and create a single market for euro transactions.
The information that must be reported includes the debtor's IBAN, creditor's IBAN, transaction amount, payment reference, and date of the transaction.
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