Profee, a fast-growing global money transfer platform, has provided users with another convenient way to send remittances across Europe. In addition to bank card transfers, the company has added the option to send money to European Economic Area (EEA) residents to their IBAN bank account number (SEPA).
For transfers to a beneficiary's bank account in countries with a domestic currency, one must select the currency of receipt as EUR. The fee for SEPA transfers is fixed and does not depend on the transfer amount and is only €1. The transfer is processed instantly by Profee. The deposit of funds into the account depends on the recipient's bank and takes an average of 24 hours.
SEPA transfers are currently available when sending and receiving money via Profee.com. As for mobile apps, both Android and iOS users can transfer money to bank accounts via SEPA. The option of transferring money from bank accounts via SEPA will soon be available.
SEPA (Single Euro Payments Area) is a popular European bank transfer method that combines national and international transfers in euros.
