Uniformly Easy

With the introduction of SEPA or S€PA (Single Euro Payments Areaon 01 February 2014, the European payments area was unified.
Setting uniform standards and payment instruments shortens transaction times, increases transparency and reduces risks. Your company can also benefit from the increased efficiency in connection with the implementaion of SEPA savings.

More about SEPA

Benefits of SEPA
  • Use of SEPA credit transfers and SEPA direct debits for both domestic as well as cross-border payments in Euro. Payments between the participating countries is thus facilitated.
  • No time delay (Float) for direct debits
  • The maximum time delay (float) for a paperless money transfer is one bank business day.
  • Automatic conversion of standing orders.
  • Uniform payment methods facilitate financial accounting for companies that operate across borders.
  • The development of common standards, processes, file formats and software solutions will be encouraged.
  • The definition of the XML file format reduces the data loss that can occur during conversion


Within the SEPA IBAN (International Bank Account Number)) and BIC ar (Business Identifier Code) used. With IBAN and BIC payee are identified throughout Europe.

The IBAN for Germany consists of country code (eg. DE for Germany), a check digit, your previous bank routing number and bank account number. A table of all SEPA member countries are listed in the table. These are the 28 EU states plus Norway, Liechtenstein, Iceland, Switzerland, Monaco and San Marino.

An example of an IBAN pattern as a customer of KEB Hana Bank (D) AG:



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2015 Bank of the Year in Asia Pacific

Latest News

  • New Location

    KEB Hana Bank (D) AG has moved to its new office on 25.06.2021 and will start its operational activities from

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Place of Business

Bockenheimer Landstr. 33-35
60325 Frankfurt/Main
+49 (69) 7129-0
+49 (69) 7129-122
Mo-Th | 08:30 - 11:30 & 13:30 - 16:00
Fr | 08:30 - 11:30 & 13:30 - 15:00