Difference between SEPA and SWIFT:
|Network||28 + 3 EU/EEA countries.||170 countries and territories.|
|Transaction time||01-02 business days.||02-05 business days. |
Or more depending on the relationship between the two payment institutions.
10,000 EUR/day for a personal account.
50,000 EUR/day for a business account.
|Transfer fees||Cheaper for transfer within the EU/EEA region.||Depends on the fees of the correspondent banks involved.|