What are the differences between SWIFT and SEPA?

Personal Accounts

FAQs

Features	SEPA	SWIFT
Network	28 + 3 EU/EEA countries.	170 countries and territories.
Currency	EURO.	Multiple currencies.
Transaction time	01-02 business days.	02-05 business days. Or more depending on the relationship between the two payment institutions.
Transaction limit	10,000 EUR/day for a personal account. 50,000 EUR/day for a business account. Note: This is the default limit when establishing your account. The limit can be increased upto 200,000 EUR for personal account and 500,000 EUR for business account.. Contact +1 604 227 7007 for transaction limit update.
Transfer fees	Cheaper for transfer within the EU/EEA region.	Depends on the fees of the correspondent banks involved.