After the official accession to the system on March 6, 2025, there is a period for technical connection and integration of the banking infrastructure. As it became known, SEPA in Moldova will become available only in a few months, when commercial banks will take the necessary measures. The NBM believes that most Moldovan banks will adopt the indirect connection model through European partners already integrated in SEPA.
Customers will be able to check the availability of this service directly at their bank. SEPA will allow citizens and businesses to conduct standardized cross-border transfers in euros without hidden international fees. The service will be possible with a SEPA-compliant payment account.
SEPA is a new format for interstate bank euro transfers. The payment system aims to make international euro transfers in this zone equivalent in value to domestic transfers in the member state, thus eliminating the distinction between national and international payments.
SEPA includes all Eurozone countries, EU countries and several other countries that also support euro bank transfers.
