SEPA (Single European Payment Area)

Basic information

  • SEPA


    The Single Euro Payments Area  (SEPA) stands for a European Union (EU) payments integration initiative aiming at establishing a unique payment system for fast and secure payments wth equal standards, formats and rules in the manner of effectign payments.

  • The SEPA area includes

    The SEPA area includes

    34 countries – all members of EU: Austria, Belgium, Bulgaria, Cyprus, Czech, Denmark, Estonia, Finland, France, Greece, Croatia, Ireland, Italy, Latvia, Lithuania, Luxemburg, Hungary, Malta, the Netherlands, Germany, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom and Iceland, Liechtenstein, Norway, Switzerland, Monaco and San Marino.

  • SEPA regulations for payment transactions

    SEPA regulations for payment transactions

    The Payer and the payee are within the single Euro Payments Area.
    Currency: EUR

  • SEPA Migration plan for Croatia

    SEPA Migration plan for Croatia

    As of 06/06/2016 Croatia will migrate to the SEPA Credit Transfer scheme:
    • National and cross-border transactions in EUR (payments under SEPA regulations),
    • National payment transactions in HRK (payments under SEPA regulations),
    • International payment transactions (non-SEPA).
    • Instructions for clients - pain.001

Changes brought by SEPA

  • The impact of SEPA

    The impact of SEPA

    SEPA has direct impact on the Payers (payment initiators), Payees (payment beneficiaries) and Payment Service Providers (banks, payment transaction institution)

  • Prerequisites for sending and receiving payment orders in the SEPA standards:

    Prerequisites for sending and receiving payment orders in the SEPA standards:

    The use of IBAN as the payment account identifier is mandatory.

  • Use of payment transaction formats as of 06/06/2016

    Use of payment transaction formats as of 06/06/2016

    HUB 3 form- no changes to the HUB 3 form to be submitted on paper form at the bank counter.
    Changes in the bulk payments database - instead of the existing payment database for electronic payments, the bank will receive only credit transfers in XML 20022 format - pain.001 message.
    SEPA pain.001 messages are used for all payments in kuna, euro and other currencies, which payments are plaved electronically or submitted at a bank teller´s counter in the form of a database.

Format and message types according to SEPA standard

  • Credit transfer (message pain.001 - format ISO 20022 XML)

    Credit transfer (message pain.001 - format ISO 20022 XML)

    A payment order initiated by the Payer towards their Payment Service Providers (bank) which the bank transfers to credit the Payee.
    It is used as the ISO 20022 XML format (replacement for the bulk payment order).
    The message pain.001 contains a group of data referring to the respective buly payment order (mostly optional fields).
    For salary disbursement within the framework of the mentioned message pain.001, no Specification is required, but only selecting of a special mark for salary disbursement.

  • Reporting messages (notifications and statements)

    Reporting messages (notifications and statements)

    The SEOA allows clients to receive various types of reports containing a wider set of data and information with respect to the existing reports.If a client wishes to input the statements and notifications in the SEOA format into their system, the client´s system will require technical adjustments..
    Types of SEOA messages in the XML format:
    Message pain.002 - notification of rejected payment orders from the pain.001 database placed through electronic banking.
    Message camt.053 - account statement - corresponds to the SWIFT format MT 940. 
    Poruka camt.052 - Intra-day account statement - corresponds to the SWIFT format MT 941/942, contains data on movements and balance in the account during the day..
    Camt. messages contain items of return and positive reply to apayment order recall.

Adjustment for customers

  • Private individuals

    Private individuals

    Private individuals (consumers) effect all payment orders at a teller´s counter or through the internet banking just as they have done so far.

  • Business entities

    Business entities

    Business entities (commercial companies, craftspeople, agricultural professionals and free professioanls) who use bulk payment order databases for electronic payments, will need to adjust their system for creating databases in the new XML 20022 format.
    • if you input your information technology system the new types of reporting messages (pain.002 and camt.053/052), system adjustment must be performed in keeping with the prescribed SEPA schemes for accepting and inputting the respective messages.
    • verify whether the invoices you deliver to your business partners contain the required information: IBAN and BIC.

  • Banks


    Banks, payment systems (NCS, CSLP) and other Payment Service Providers adjust their systems and IT solutions so as to be in alignment with the SEPA standards.
    The required documentation and the final formats are available on the official SEPA web site.

  • Temporary Client support through the conversion application

    Temporary Client support through the conversion application

    In the interim period (after 06/06/2016) Clients - business who place their payment orders in the form of an electronic database will have at their disposal the application for database conversion into pain. 001.
    Details on the possibility to download the database conversion application are available on the official FINA web site.
    Please note that the application use will be free of charge until 01 June 2018., after which date it will be available only at a fee.
    We advise that your system be adjusted as soon as possible so that you can perform your business in alignment with the new regulations and without any disturbances.t




Reference number of the recipient/payer:


IBAN of the recipient*:



*If you want to control the validity of reference number in favor of budget revenues, mandatory contributions and revenues for financing other public needs, enter the IBAN of the recipient.