The SEPA network (Single Euro Payment Area) makes it possible to send euros within the European Union. This network also includes the 4 EFTA countries (Iceland, Norway, Liechtenstein, Switzerland), 4 microstates (Andorra, Monaco, San Marino, Vatican), and the United Kingdom.
The SWIFT network (Society for Worldwide Interbank Financial Telecommunication) 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.