March 6 marks one year since the Republic of Moldova joined the Single Euro Payments Area (SEPA)—an important step toward modernizing the payment system and aligning with European financial standards. Moldindconbank is part of this European infrastructure, offering customers the ability to make transfers in euros faster and at significantly lower costs to countries within the SEPA area.

Shortly after its launch, SEPA became the primary channel for cross-border payments in euros made by the bank’s customers, simplifying transfers to partners, family members, or businesses across Europe.

The benefits of SEPA for Moldindconbank customers:

speed – transfers are typically processed within one business day;

lower costs – competitive rates for transfers in euros to countries within the SEPA zone;

enhanced security – transactions are conducted in accordance with European security standards;

transparency – customers know the costs and processing time upfront;

extended access – the ability to make payments to any bank within the SEPA zone;

flexibilty – transfers suitable for both personal needs and business activities;

modern infrastructure – payments processed under the same conditions as in European Union member states.

By participating in SEPA, Moldindconbank is helping to develop a more efficient financial system that is better connected to the European market. For customers, this means faster and more affordable transfers in euros, and for the business community, it means simpler and more secure conditions for international trade.

SEPA (Single Euro Payments Area) is the European framework that enables euro transfers between participating countries under the same conditions regarding cost, security, and processing time, regardless of borders. SEPA includes the member states of the European Union, as well as the United Kingdom, the countries of the European Economic Area, Switzerland, Andorra, Monaco, San Marino, and the Vatican.

Moldindconbank – mereu alături!