COVID-19: Important information

Our services continue to operate as usual. Qonto offers free virtual cards until November 30th. More information on this page.

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What is the difference between a SWIFT transfer and a SEPA transfer?

The SEPA (Single Euro Payment Area) network makes it possible to send euros within the European Union. This network also includes Norway, Iceland, Liechtenstein, Switzerland, Monaco and San Marino.

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) network makes it possible to send single non-euro transfers anywhere in the world. They are also referred to as “non-SEPA zone” transfers. Unlike with the SEPA network, banking institutions must pay to access the SWIFT network.

Qonto is connected to both SEPA and SWIFT networks.

This means that you can send transfers to most countries in the world and in most currencies. You can also receive transfers from all over the world, regardless of the local currency.

☝️Good to know: only companies with an account on our new platform (those whose IBAN starts with QNTO) can receive incoming SWIFT transfers. 

Do you still have questions?

If you can't find the answer to your question in our FAQ, you can always contact us. We will answer you shortly!