Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
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What changed in 2014, as a result of the SEPA Migration End-Date Regulation?
What changed in 2014, as a result of the SEPA Migration End-Date Regulation?
What changed in 2014, as a result of the SEPA Migration End-Date Regulation?
National euro credit transfer and direct debit schemes have been replaced by SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) schemes.

Furthermore, the Regulation requires the use of certain common standards, such as the use of International Bank Account Numbers (IBAN) and the Bank Identifier Code (BIC), when making and receiving SEPA payments.

As a consumer, when making a SEPA payment, you will basically follow the same steps you used to before when making a national payment. The difference is the use of the IBAN and BIC.
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).