Docs

Netherlands

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).
Supported beneficiary account type – individual only.
Supported Sender type - Individual only.
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA NETHERLANDS PAYOUT310001

Telegraphic Transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).
Supported beneficiary account type – Individual & company
Supported sender account type - Individual & company
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Belgian business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Related countries offered under SEPA EURO
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)EUR 45,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Code

NoNameSwift Code
1AALBERTS N.V.AALBNL22
2ABN AMRO BANK N V HEAD OFFICEABNANL2A
3ABN AMRO BANKABNANL2W
4ABN AMRO CLEARING BANK N.V.ABNCNL2A
5ACCENT AIGU B.V.ACCINL21
6ACHMEA BANK N.V.ACHLNL21
7ACT COMMODITIES GROUP B.V.ACTGNL2A
8ACCENT TONIQUE B.V.ACTONL21
9ACTION HOLDING B.V.ACTXNL22
10ADYEN N.V.ADYBNL2A
11ADYEN B.V.ADYENL21
12ADYEN INTERNATIONAL B.V.ADYENL2A
13AEGON INVESTMENT MANAGEMENT B.V.AEIMNL21
14AEGON INVESTMENT MANAGEMENT B.V.AEIMNL2G
15AEGON NVAENVNL2G
16AFS INTEREST B.V.AFMONL21
17AGRIGENTO BASSA B.V.AGBSNL21
18AGRIFIRM GROUP B.V.AGIUNL22
19ACCENT GRAVE B.V.AGRVNL21
20ACHMEA BANK NVAHBKNL2G
21AIRWALLEX (NETHERLANDS) B.V.AINHNL22
22AIRWALLEX NETHERLANDS STICHTINGAINSNL22
23AIRBUS SEAIRBNL22
24AKZO NOBEL N.V.AKZONL2A
25ALPINVEST PARTNERS N.V.ALPPNL21
26ALL OPTIONS INTERNATIONAL BVAOINNL21
27ACHMEA BANK NVARBNNL22
28ALGORITHMIC TRADING GROUP NETHERLANATGNNL21
29ABN AMRO BANK N.VBUUTNL2A
30ABN AMRO HYPOTHEKEN GROEP B.V.DIRKNL21
31ABN AMRO CLEARING BANK N.V.FBGCNL21
32ALPHABAY CAPITAL B.V.FESDNL21
33ABN AMRO BANK N.V (FORMERLY FRANX BFRNXNL2A
34ABN AMRO BANK N.V.FTSBNL2R
35ABN AMRO BANK N.V.GSLANL21
36ACHMEA INVESTMENT MANAGEMENT B.V.INPVNL21
37ABN AMRO BANK N.V.KBWFNL21
38ABN AMRO HYPOTHEKEN GROEP B.V.MNFMNL21
393S MONEY CLUB LIMITEDMOLUNL22
40AFS EQUITY AND DERIVATIVES B.V.OEWBNL21
41ACHMEA PENSIOENSERVICES N.V.PVNDNL21
42ACHMEA INVESTMENT MANAGEMENTSYAVNL22
43ACHMEA INVESTMENT MANAGEMENTSYAVNL31
449STREET CAPITAL MARKETS B.V.TAAINL21
45323 TRADING B.V.TRNGNL21
462B TRADING B.V.TRNINL21
47ABN AMRO BANK N.V.VSBVNL21
48AEX-AGRICULTURAL FUTURES EXCHANGEXAEXNL21
49ABN AMRO BANK N.V.ZEELNL21