SCT (SEPA Credit Transfer)

Published on · Updated on

SCT (SEPA Credit Transfer)

SEPA scheme for euro credit transfers; standard since 2008.

Processes transfers in up to one business day. The matching XML file is pain.001. Modern variant: SCT Inst (instant).

See also

Convert your file to SEPA XML

Try it now →
Was this article helpful?

Related articles

Showing the first four on mobile.

Full SEPA glossary (alphabetical index)

Full SEPA glossary (alphabetical index)

Alphabetical SEPA glossary index with 49 terms.

Read more →
Workflow rejection

Workflow rejection

Internal rejection before submitting the operation to the bank. Does not produce an R-message.

Read more →
VOP (Verification of Payee)

VOP (Verification of Payee)

Mandatory SEPA service since October 2025 that checks the beneficiary name matches the IBAN.

Read more →
UMR (Unique Mandate Reference)

UMR (Unique Mandate Reference)

Unique reference identifying a SEPA mandate within the creditor's organisation.

Read more →
TPP (Third Party Provider)

TPP (Third Party Provider)

Authorised third party allowed to access accounts or initiate payments under PSD2.

Read more →
SWIFT code

SWIFT code

Synonym of BIC; identifier standardised on the SWIFT network (ISO 9362).

Read more →