Euro Bill Pay

Euro Bill Payment is now available as a feature of Online Banking. This feature enables you to initiate transfers from your Service Credit Union checking account to European banks in Euro currency. Use this convenient service to request payments on a one-time or recurring basis. 
Click on the links below to learn more.

Pay European Bills with Ease and Confidence 

How to Use Euro Bil Pay
Automatic Direct Payments
Which bills can I pay?
How Does It Work?
Am I Eligible?
How Do I Sign Up?
What Does It Cost?
What Will You Need?
Cross Border Payments
European Union Cross Border Participants*
What is an IBAN?
What is a BIC?'
Euro Rate Watcher Email Alert 
How to Close a Euro Bill pay Account 

 IMPORTANT TIP:
For a Euro transfer within Germany use a Bank Routing Number (Bankleitzahl - BLZ) and an Account Number (Kontonummer - KTO).  For a payment outside of Germany, but within the European Union, use a BIC Code and IBAN Number!

Pay European Bills with Ease and Confidence
With all of Europe to explore, who wants to spend time waiting in line? Service Credit Union offers you the ease of recurring Euro Bill Pay, so you can pay your European bills quickly and with confidence in over 20 participating countries.

Automatic Direct Payments
When you set up Euro Bill Pay, you can schedule direct payments to be transferred ­directly to your European creditor/payee from your Service Credit Union Checking account. 

Which bills can I pay?
Any bill you pay on a monthly or quarterly basis
(with a set Euro amount) is ­considered recurring. Examples are rent, automobile insurance, cable, TV, etc.

How Does It Work?
After you fill out the recurring Payment Order Authorization Form (available online and at any branch), your information is processed and your ­recurring bills are then paid automatically. 
You may choose to pay them monthly, ­quarterly, bi-weekly or weekly.

Am I Eligible?
Recurring Euro Bill Pay is ­available to all Service Credit Union members who have European payments and a Service Credit Union checking account.

How Do I Sign Up?
Signing up is easy. Just visit one of our convenient branches and fill out a recurring Payment Order Authorization Form. Or, if you are a current member simply sign up on our online banking page.

What Does It Cost?
Signing up is FREE and you will only pay $1.00 per transaction, avoiding the much higher fees charged elsewhere.

What Will You Need?
 • payee’s name & account number
 • European bank’s name and routing number
 • your choice of frequency
- monthly
- bi-weekly
- quarterly
- weekly
• billing/reference number

To use Euro Bill Payment:

• Log-in to Internet Banking
• Click on Online Services
• Select your checking account from the drop down box listed under Euro Bill Payment
• Click the Enter button
• Select either a One Time Transfer or a Recurring Payment Order
• Click the OK button
• Read and accept the online disclosure
• Fill out the form which asks for:
  • Name of payee
  • Payee's account number
  • German routing number or Bankleitzahl
  • Amount of payment in Euro currency
  • Customer reference information
• Click the OK button

On the next screen, you'll be asked to review and confirm the details of your Euro Bill Payment 
For One Time Transfers, the payment is normally initiated the next business day. For Recurring Payment Orders, the payments are initiated on the date specified. They continue at the frequency indicated (monthly, ­quarterly, bi-weekly or weekly) until the Stop Date specified has been reached.

To make a payment, we convert the Euro amount to US Dollars and debit your checking account by ACH debit. If you have sufficient funds on deposit to cover the transfer, we send the funds through the German banking system to your designated payee.

If you do not have the sufficient funds on deposit to cover the request, a NSF fee will be imposed, and a second attempt will take place automatically 5 business days later.  For each successful transfer, you will be charged a $1 fee for using this feature.

To close a Euro Bill Pay Account 
To close a Euro Bill Pay Account please call 00800-4728-2000 or email: Branch O/S Member Service Loan OSSCU@servicecu.org.

Cross Border Payments
Service Credit Union now offers Cross Border Payments via the Internet or at your local branch locations.  This Online Banking service gives our Members convenience and ease in paying one-time cross border payments and recurring cross border payments throughout Europe!  What this means to you, as a member of Service Credit Union, is that you may now make payments within the European Union to participating countries from anywhere you have internet access using Online Banking! Now you may make your rent payment directly to your landlord’s account in Italy while on vacation in Poland! A Cross Border Payment is a payment going outside of Germany, but within the European Union.  We are currently able to send payments to the following countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Spain, Finland, France, Great Britain, Gibraltar, Greece, Hungary, Ireland, Iceland, Italy, Lichtenstein, Lithuania, Luxemburg, Latvia, Malta, Netherland, Norway, Poland, Portugal, Romania, Sweden, Slovenia, and Slovakia.

What do I need to make a Cross Border Payment?
To make a Cross Border Payment the following information is required:
 • name of the payee
 • name of the bank
 • the IBAN number of the receiving payee
 • the BIC code of the receiving bank
Funds up to a maximum of EUR 12,500 can be transferred in a single payment.

* All Cross Border Payments are transferred in Euro currency. If the beneficiary account   to which the funds are ultimately credited is not denominated in Euro, the Euro amount   will be converted to the appropriate currency (i.e. British Sterling, Swiss Franc, Swedish   Kroner, ect.) by the receiving financial institution. SCU is not liable for, and has no influence over the conversion rate applied to the conversion of the funds.

What is an IBAN?
IBAN is an acronym, which stands for International Bank Account Number.  It is a standard way of uniquely identifying an account for the purpose of improving the efficiency and speed of Cross Border payments. The following are examples of IBAN in written format  (printed in sets of four characters for legibility):
 DE89 3704 0044 0532 0130 00
 FR14 2004 1010 0505 0001 3M02 606
 GB29 NWBK 6016 1331 9268 19
 GR16 0110 1250 0000 0001 2300 695

What is a BIC?
A BIC is an acronym, which stands for Bank Identifier Code. (This is similar to the ABA number – US Routing number.) It can be used to identify a bank, when sending or receiving payments. The BIC can be either 8 or 11 digits in length, and Service Credit Union’s BIC is SCRUDE51.

Euro Rate Watcher
Sign up now for free daily weekday Euro rate watcher email.  Daily conversion rates are delivered right to your PC or mobile device.