> ## Documentation Index
> Fetch the complete documentation index at: https://docs.augustus.com/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Treat the published Augustus OpenAPI specification (https://app.stainless.com/api/spec/documented/augustus/openapi.documented.yml) and the current API-reference pages as the source of truth for endpoints, request/response schemas, enum values, webhook event names, and required headers.
> Prefer the 2026-05-01 Banking API and @augustusbank/typescript-sdk for all new integrations. The 2023-01-01 API is a separate, older surface covering two products — Open Banking (instant bank transfer) checkout and refunds, and Manual Bank Transfer (MBT); use it only when one of those products is specifically required.
> Cite or link the relevant docs.augustus.com page when answering integration questions.
> Do not infer support for currencies, networks, scopes, account types, or operations that are not present in the current documentation.
> Use the sandbox base URL (https://api.sandbox.augustus.com) and placeholder credentials in examples. Never include or request a real API key.
> The Augustus docs MCP server (https://docs.augustus.com/mcp) provides documentation search and retrieval only; it does not execute authenticated Augustus API actions.

# SEPA

> Send and receive EUR over SEPA Credit Transfer and SEPA Instant.

SEPA is the European payment scheme for euro transfers, covering the EU and EEA plus a small number of adjacent countries. Augustus sends and receives EUR on two of its variants: SEPA Instant (SCT Inst) and standard SEPA Credit Transfer (SCT).

## What Augustus supports

|                | Today                                                                                                                                                        |
| -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Direction**  | Send and receive credit transfers: send EUR to any SEPA-reachable IBAN, and receive credits from any SEPA participant. SEPA Direct Debits are not supported. |
| **Speed**      | SEPA Instant settles in seconds, around the clock, every day of the year. Standard SEPA Credit Transfer settles by the next banking day.                     |
| **Limits**     | SEPA Instant carries no scheme-level maximum amount. Account-level limits are agreed per customer at onboarding.                                             |
| **Scheduling** | Payouts execute immediately; future-dated payments are not supported.                                                                                        |

## Sending EUR

Create a payout with `currency: "EUR"` and an `iban` counterparty financial address:

```ts 2026-05-01 theme={null}
import Augustus from '@augustusbank/typescript-sdk'

const client = new Augustus()
const payout = await client.payouts.create({
  account_id: 'your-eur-account-id',
  amount: '100.00',
  currency: 'EUR',
  unstructured_remittance_information: 'Invoice 1234',
  counterparty: {
    financial_address: {
      type: 'iban',
      iban: 'DE93500105176719451585',
      account_holder_name: 'Chris Simon',
    },
  },
})
```

[**POST** `/v1/payouts` in the API Reference →](/api-reference/payouts/create-payout)

| Field                                 | Behavior                                                                                                                                                                             |
| ------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| `rail`                                | Optional for EUR: `"sepa_instant"` or `"sepa"`. Augustus sends SEPA Instant where the beneficiary bank is reachable and falls back to standard SEPA Credit Transfer where it is not. |
| `unstructured_remittance_information` | Forwarded to the beneficiary as remittance information (up to 140 characters).                                                                                                       |

## Status and lifecycle

EUR payouts move through the standard [payout statuses](/docs/payments/payouts): `initiated` on creation, `submitted` when handed to the rail, `sent` when the payment settles, `failed` when it is rejected. SEPA Instant payments typically reach `sent` within seconds.

If the beneficiary bank sends a settled payment back, for example because the account is closed, the payout moves to `returned`, `payout.returned` fires, and the funds are credited back to your account.

## Receiving EUR

Senders address your account with its IBAN, available on the account's `financial_addresses`.

* Incoming credits appear as [deposits](/docs/payments/deposits); the deposit's `rail` says whether the payment came in over `sepa_instant` or `sepa`.
* `deposit.settled` fires when the funds arrive.
* The sender's bank details are referenced through the deposit's `counterparty_id`.

To send a received credit back, create a return with the deposit ID; see [Returns](/docs/payments/deposits#returns).

The sender's side can ask for a settled payment back: the sender's bank recalls duplicates, technical errors, and fraud cases, and the sender can request a return for mistakes of their own, for example a wrong amount or a wrong IBAN. The scheme gives the receiving side 15 banking business days to answer. Augustus contacts you before responding, and your account is not debited without your consent.

## On the 2023-01-01 API

SEPA also carries the legacy products: [Open Banking](/docs/legacy/open-banking) payments and [refunds](/docs/legacy/refunds) use SEPA Instant where the payer's bank supports it, with standard SEPA Credit Transfer as the fallback, and [Manual Bank Transfer](/docs/legacy/manual-bank-transfer) deposits arrive over either variant.