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European Parliament approves SEPA transition period

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On 4 February 2014, the European Parliament approved the European Commission’s proposal to introduce a six-month transition period after the SEPA deadline of 1 February 2014.

Logo with the text 'Switch to IBAN', in which the letters IBAN are displayed in green circles as a visual indication of the switch to IBAN.

In line with earlier announcements, banks will continue to process Dutch direct debits and credit transfers during this period where necessary. The transition period ends on 1 August 2014.

Read more on the European Parliament website (in Dutch).

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