European alternative to Standard bank transfer:
NexEuro, free SEPA Instant.
Simpler than an IBAN: pay with a phone number, instantly.
Why look for an alternative to Standard bank transfer?
The standard SEPA transfer works, but it requires the recipient's IBAN and can take 1 to 2 business days. NexEuro uses SEPA Instant to make the transfer immediate, and replaces the IBAN with a phone number.
Standard bank transfer vs NexEuro
A point-by-point comparison to help you choose.
| Criterion | Standard bank transfer | NexEuro |
|---|---|---|
| Timing | 1 to 2 business days. | Under 10 seconds. |
| Identifier | 27-character IBAN. | Phone number. |
| Availability | Banking hours. | 24/7, weekends and public holidays. |
| Fees | Often free, sometimes charged. | Free between users. |
Updated on
4 reasons to switch
What you concretely gain by moving to NexEuro.
No IBAN to copy and paste.
Immediate credit, even at night or on a Sunday.
Instant confirmation for both parties.
The money goes to the usual bank account.
Frequently asked questions
Everything you need to know before switching.
Is it really a SEPA transfer?
What if the recipient's bank doesn't support SEPA Instant?
Is there a limit?
Ready to try the European alternative?
Download NexEuro and send your first instant payment in under 60 seconds.
Go further with NexEuro
Discover the solutions, countries and use cases that Standard bank transfer doesn't cover — or covers less well — than NexEuro.
European payment solutions
SEPA Instant, acceptance, group pots → Pillar · Countries36 SEPA countries covered
France, Germany, Spain, Italy → Pillar · Use casesConcrete use cases
Restaurant, freelance, e-commerce →See also: acceptance without a terminal · freelance invoicing · e-commerce payments without Stripe · instant payment in France · free SEPA Instant transfer.
Other European alternatives to Standard bank transfer and competitors
Compare NexEuro with other players: European alternatives, neobanks, wallets and payment processors.