Overview

SEPA Bank/SepaBank is a setting located under Financial Settings > General Settings > Other Payments, in the SEPA Payments sub-group.

What This Setting Does

This setting lets the institution select which of its configured banks should be used as the institution’s bank for SEPA (Single Euro Payments Area) bank transfer purposes. SEPA is a European standard for making bank transfers in euros between financial institutions.

Where It Is Used

This setting was found referenced directly in the Portal’s financial settings screen, where it pre-selects the institution’s SEPA bank on the SEPA configuration form. The main place affected is:

• Main Menu > Financial Settings > General Settings > Other Payments > SEPA Payments – the page reads this setting’s saved value to pre-select the corresponding bank in the SEPA Bank dropdown, drawing the list of available banks from the institution’s configured bank records.

Business Logic / Behavior

• This is a single-select setting, meaning only one bank can be designated as the SEPA bank at a time.
• The options offered are drawn from the banks already configured in the institution’s bank records.
• The selected bank is used as the reference bank when generating SEPA-related payment files or communications.

Example(s)

Example National Institute has two banks on file: Example National Bank and Example Regional Bank. Since its EUR 45,000 in monthly tuition SEPA transfers are processed through Example National Bank, the finance office selects Example National Bank in the SEPA Bank setting so that SEPA-related processes reference that bank instead of Example Regional Bank.

When to Use

Use this setting when the institution needs to designate which of its configured banks is the one used for SEPA bank transfer activity.

When to Enable

Not applicable in the strict sense, since this is a single-select choice rather than an on/off toggle. Select the appropriate bank when SEPA processing needs to reference a specific bank.

When to Disable

Leave this unset if the institution does not process SEPA bank transfers or has no need to designate a specific SEPA bank.

Notes

Prerequisite: the bank must already exist in the institution’s bank records before it can be selected here. Institutions intending to use SEPA transfers should have a SEPA-compliant bank account.

• SEPA Payment Methods/SepaPaymentMethods (Financial Settings > General Settings > Other Payments > SEPA Payments)
• SEPA File Category/SepaFileCategory (Financial Settings > General Settings > Other Payments > SEPA Payments)
• Related configuration: Bank (Financial Settings > Parametric Lists > Bank) – this is where the institution’s bank records offered in this setting’s dropdown are created and managed.

K-12 vs Higher Education: This setting behaves the same regardless of whether Higher Education Mode (Enable Configuration for Higher Education/Xrisi_parametropoihshs_kolegiou) is enabled or disabled.