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Fundraising Blog - Are you SEPA ready?

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SEPA will be coming into effect on the 1st of February 2014 and will effect the way you make and receive payments electronically.

SEPA stands for Single Euro Payment Area and it will be in effect in 32 countries in Europe, including Ireland. It's aim is to make transferring and receiving funds easier by ensuring that all euro direct debits and credit transfers are executed under the same conditions.

It's really important that your accounting, payroll and direct debit systems are SEPA ready before the 1st of February so don't leave it to the last minute!

You may need to contact your bank or accounting software supplier for advice.

For more information this website will be able to guide you.



 

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