Payment types can be selected when creating a payment and depend on the beneficiary's account, bank, and country.
SEPA - Single Euro Payments Area is the format for Eurozone euro transfers, equivalent to a domestic transfer within your own country.
DSP - denominated in one of the currencies of an EEA member state (i.e.: EUR, HUF, ISK, NOK, PLN, RON, SEK, CHF, CZK, DKK).
SWIFT - for international transfers in multi-currency outside eurozone
Please note that payment speeds are not guaranteed and may vary depending on factors such as regulatory and compliance checks, payment cut-off times, as well as the beneficiary's bank.
Fees options for SWIFT Payments:
Intermediary and beneficiary banks might charge a fee to process SWIFT transfer requests
OUR – The payment initiator bears all the fees, with a fixed amount charged to the initiator and debited from their iBanFirst account upon payment execution.
BEN – The payment beneficiary bears all the fees; no fees are charged to the payment initiator.
SHARE – Fees are split between the payment initiator and the beneficiary, with a fixed amount charged to the initiator and debited from their iBanFirst account upon payment execution.
The SEPA zone (Single Euro Payments Area) includes 36 countries, namely the 27 EU member states and 9 non-EU members:
27 European Union (EU) member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
the 3 European Economic Area (EEA) members (Iceland, Liechtenstein, and Norway), plus Andorra, Monaco, San Marino, Switzerland, the United Kingdom, and the Vatican City State.
Applicable payment fees are available here:
https://ibanfirst.com/fees for all countries, except for UK: https://info.ibanfirst.com/en-gb/fees