SEPA transactions for underage users

[Disru1337]

Hello. I recently created a bank account for students/apprentices.
According to the details, online-banking is allowed with this kind of account.

However, I'm still unsure, are SEPA transactions working, too?

[LeGaulois]

SEPA depends on the country you come from. It has been set up by European Payments Council  to make transactions more easily and to aims to harmonise the means of payment in euro. To make it short,  it is for simplification of bank transfers. The countries concerned are those from the European Economic Area (EEE) and the European Union https://transferwise.com/help/article/1663579/euro-transfers/what-are-sepa-transfers
Others countries use SWIFT, (and maybe another one exist, don't know)

[n691309]

Hello. I recently created a bank account for students/apprentices.
According to the details, online-banking is allowed with this kind of account.

However, I'm still unsure, are SEPA transactions working, too?

Check for the exchange minimum age (if they have this restriction). If the bank allowed you to make online transfers then don't worry but in exchanges they require verification and I'm afraid if they have limits or if they would accept people under 18.

[stompix]

Hello. I recently created a bank account for students/apprentices.
According to the details, online-banking is allowed with this kind of account.

However, I'm still unsure, are SEPA transactions working, too?

Any bank account in the European Union opened by a citizen of the EU will work with the SEPA transactions.
It's basically the definition of SEPA.

[stompix]

What is the spell out the SEPA abbreviation?

Single Euro Payments Area
https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

Basically fast (24h) bank transfers between European banks no matter in which country they are in the EU plus a few more like Switzerland and Norway.

[kolesozw]

It's bank dependent. You need to ask your local bank, not here.

Usually EU banks are allowing ONLY underage debit cards. For example your parents could make a debit visa in your name. But not a fully operational account.

[syaripudin]

I think that's important. If SEPA can be used for underage transactions. Because I think to transact not only adults who can do. But the child under the age must conduct transactions. But we have to know which banks can be used using SEPA. Which is a question of whether there is a local bank that accepts transactions of this type. Because at this time I do not know if there are already using SEPA to transact. Also we need to know the requirements that must be filled to use SEPA. Because of course there are criteria or age limits that can use SEPA to transact. Whether the maximum age or minimum age