SEPA

What is SEPA?

In February 2014, the Single Euro Payments Area (SEPA for short) took effect in Ireland. SEPA will standardise euro payments across Europe and make it easier to pay for goods and services and to transfer and receive money.

What does it mean?

Your Bank Account Number and Sort Code has been replaced with an International Bank Account Number (IBAN) and Bank Identifier Code (BIC). But don’t worry - we do not require that you take any action – we have amended your details which we currently hold, accordingly.

At Volkswagen Bank Ireland, we made the switch to SEPA on 25/11/2013.

 

If you have any queries about SEPA and how it will affect your account with Volkswagen Bank Ireland, you can contact us directly.

Where can I find out more?

More information on SEPA can be found here:

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Terms and conditions apply. Finance products are subject to lending criteria. VOLKSWAGEN BANK GMBH BRANCH IRELAND IS AUTHORISED BY THE FEDERAL FINANCIAL SUPERVISORY AUTHORITY (BaFIN) IN GERMANY AND IS REGULATED BY THE CENTRAL BANK OF IRELAND FOR CONDUCT OF BUSINESS RULES.