Quoting the SEPA-Wikipedia page: "Banks and payment institutions still have the option of charging a credit-transfer fee of their choice for euro transfers if it is charged uniformly to all EEA participants, banks or payment institutions, domestic or foreign."
Can you do both SEPA transfers and direct debit for free on that business account? If yes, I would be very interested. What's the name of this magical bank and do they take new customers?