SWIFT and SEPA transfers are considered the two most common ways to transfer money internationally. They are both used to make bank transfers in different countries.

But the question is how do they differ?

The main difference between these two systems is their geographical scope: SEPA is a standard for free or low cost bank transfers in Euro between 34 European countries, while SWIFT is a global standard for most major currencies that allows for quick and safe communication between banks around the globe.