On the 1st of January 2014 RCB Bank Ltd joined the Single Euro Payments Area Scheme allowing the Bank to offer SEPA payments: a standardised means for making Euro payments throughout the European Economic Area.
The objective of SEPA is to harmonize the payments market across Europe by using common procedures and standards for payments in Euro currency ensuring there are no distinctions between National and Cross border payments. The SEPA territory consists of 34 European countries: the European Economic Area Members (EEA).
Charge option – only "Shared" (the payer and the payee shall both bear the cost of the payment).
Outward SEPA transfers (up to 50,000 euro) – free.