Editing Euro (section)

===Payments clearing, electronic funds transfer===
{{Main|Single Euro Payments Area}}

Capital within the EU may be transferred in any amount from one state to another. All intra-Union transfers in euro are treated as domestic transactions and bear the corresponding domestic transfer costs.<ref>{{cite web|url=http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32001R2560:EN:HTML|title=Regulation (EC) No 2560/2001 of the European Parliament and of the Council of 19 December 2001 on cross-border payments in euro |publisher=EUR-lex&nbsp;– European Communities, Publications office, Official Journal L 344, 28 December 2001 P. 0013&nbsp;– 0016 |access-date=26 December 2008}}</ref> This includes all member states of the EU, even those outside the eurozone providing the transactions are carried out in euro.<ref>{{cite web |url=http://www.euro.gov.uk/crossborder.asp |title=Cross border payments in the EU, Euro Information, The Official Treasury Euro Resource |publisher=United Kingdom Treasury |access-date=26 December 2008 |url-status=dead |archive-url=https://web.archive.org/web/20081201114647/http://www.euro.gov.uk/crossborder.asp |archive-date=1 December 2008 }}</ref> Credit/debit card charging and ATM withdrawals within the eurozone are also treated as domestic transactions; however paper-based payment orders, like cheques, have not been standardised so these are still domestic-based. The ECB has also set up a [[clearing (finance)|clearing system]], [[T2 (RTGS)|T2]] since March 2023, for large euro transactions.<ref>{{cite web|url=http://www.ecb.int/paym/target/html/index.en.html |archive-url=https://web.archive.org/web/20080121081217/http://www.ecb.int/paym/target/html/index.en.html |archive-date=21 January 2008 |title=TARGET |author=European Central Bank |access-date=25 October 2007}}</ref>