European ordinary payment is an international payment in euros to the EU countries, Iceland, Liechtenstein, Norway, and Switzerland:
It is a standardised, SEPA (Single Euro Payments Area), credit payments that meet the standards, taxes are paid in parts (SHA), it is required to indicate the beneficiary’s bank SWIFT (BIC) code and the beneficiary’s account in IBAN format. These payment orders are sent off and credited to the beneficiary’s account in one bank business day.
If a payment order in euros misses the international beneficiary’s bank account number IBAN or SWIFT (BIC), a foreign bank will have the right to take an additional service fee for the handling of a payment order or a higher fee may be charged for the crediting of money.