Cards and payments

14 June 2018

SEPA, IBAN, BIC and European transfers. Payments in Europe in the spotlight.

SEPA, IBAN and BIC. Behind these simple acronyms lies the ease with which you can pay for your purchases across Europe and make transfers to European bank accounts.

SEPA, the single euro payments area

Thanks to SEPA (Single Euro Payments Area) all payments in Europe are made in the same way. SEPA covers all member states of the European Union, Norway, Iceland, Liechtenstein and Switzerland.

Thanks to SEPA, you can use your bank card all over Europe in the same way as in Belgium. All transfers and direct debits are also harmonised in Europe thanks to IBAN and BIC.


IBAN (International Bank Account Number) is a standardised way of writing bank account numbers all over Europe. An IBAN consists of an account number, a country code and a numeric verification key.


BIC (Bank Identifier Code) is a unique code used to identify international banks. When you make an international transfer within or outside Europe, you need to provide the BIC of the beneficiary's bank.

  • ING Belgium's BIC is BBRUBEBB.
  • You can find the BIC of other international banks on the Swift website.
A new European transfer form

A European transfer form has been created for SEPA which replaces the national transfer forms. You can easily manage your own national and international transfers with this European form in Home'Bank: go to Services > Payments and transfers > Domestic Transfers > Add a transfer (European form).

More info?