EU law (Regulation 2019/518): Euro SEPA transfers between EU banks must be priced the same as domestic transfers. For most accounts, that means free. If your bank charges for a EUR SEPA transfer within the EU, they may be in breach of this regulation.
SEPA Fee Calculator
Calculate the typical cost of a SEPA transfer, see when EU law requires it to be free, and compare against SWIFT wire costs for the same corridor.
SEPA should be free. If your bank charges for EUR transfers, switch:
SEPA vs SWIFT: Full Cost Comparison
| SEPA EUR | SWIFT Wire | |
|---|---|---|
| Outgoing fee | Free (EU law) | EUR 15-35 |
| Intermediary fees | None | EUR 10-25 |
| Receiving fee | Free | EUR 5-15 |
| Typical total | EUR 0 | EUR 30-75 |
| Speed | D+1 or instant (10s) | 1-5 business days |
| Coverage | 36 SEPA countries | Worldwide |
| Max amount | No limit (Instant: EUR 100K) | No limit |
EU Law on SEPA Fees: Regulation 2019/518 Explained
EU Regulation 2019/518 amended Regulation 924/2009 to require that banks in EU member states charge no more for a cross-border EUR SEPA transfer than for an equivalent domestic transfer. For most current accounts where domestic transfers are free, cross-border EUR SEPA transfers must also be free. The regulation came into force on 15 December 2019.
If you have been charged for a euro SEPA transfer between two EU banks and believe the charge violates this regulation, you can file a complaint with your national financial regulator. In Germany that is BaFin, in France the ACPR, in the Netherlands the DNB.
When SEPA Does Cost Money
SEPA transfers do sometimes cost money in legitimate situations. Transfers between a eurozone country and a non-euro SEPA country (UK, Sweden, Denmark, Poland, Czech Republic, Hungary, Romania, Bulgaria, Norway, Iceland, Liechtenstein, Switzerland) involve currency conversion, which is not covered by the fee equalization regulation.
For non-euro SEPA corridors, typical traditional bank fees are EUR 1-5 flat plus 0.5-2% FX markup. Neobanks like Wise charge around 0.35-0.5% with the real exchange rate and no hidden spread.
Check if a specific bank supports SEPA Instant with our SEPA Instant Checker. Check which countries are in SEPA with our SEPA Country Checker. Calculate SEPA timing with our SEPA Transfer Time Calculator.
Fee information is indicative. Actual fees vary by bank and account type. Data last updated: January 2025.