Making your bank SEPA-proof

Date 31 May 2012

SEPA will go live on 1 February 2014. DNB expects banks to deploy all their resources to have their SEPA infrastructure in place by 1 January 2013.


The Single Euro Payments Area (SEPA) goes live on 1 February 2014. Before that, banks will need to take the necessary steps to get everything in place: infrastructure, products such as SEPA credit transfers, SEPA direct debits and the introduction of IBAN. DNB expects all banks to be fully SEPA-compliant by 1 January 2013. By that date, the relevant infrastructure, products and provisions must be ready for action.

The supervisory authority also expects banks to help their customers make the switch to SEPA. Account management and provision of information are key tools in this process.


The introduction of IBAN will have far-reaching effects. The banks will be expected to provide their customers – businesses and consumers – with clear and accurate information. There is a lot of useful information on this at This website is an initiative of the National Forum for SEPA Migration (NFS). The NFS, which is chaired by DNB, is a consultative forum that brings together suppliers and users of SEPA.


NFS has set the following timeframe for SEPA:

  • By 1 October 2012: banks must have their SEPA infrastructure ready for credit transfers by their corporate clients and by 1 January 2013 for direct debits.
  • By 1 October 2012: software suppliers must have adapted their software packages to the SEPA requirements and have successfully tested them with the banks.
  • 1 July 2013: corporate clients using credit transfers and direct debits will switch to SEPA.
  • 1 February 2014: SMEs and all other users will switch to SEPA.

The National SEPA Migration Plan contains the agreements to switch jointly to SEPA.