Docs

Supported payout countries

Summary

Germany

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 GERMANY PAYOUT490001

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

GERMANY
NoNameSwift Code
1 AACHENER BAUSPARKASSE AG AABSDE31
2 AACHENER' GRUNDVERMOEGEN-KAPITALAN AACHDE31
3 AMPEGA ASSET MANAGEMENT GMBH AAMGDE2H
4 AAREAL BANK AG AARBDE5W
5 ARAB BANKING CORPORATION SA FRANKFU ABCADEFF
6 ALLGEMEINE BEAMTEN KASSE KREDITBANK ABKBDEB1
7 ABK ALLGEMEINE BEAMTEN BANK AG ABKBDEBB
8 ABK-SYSTEME GESELLSCHAFT FUER AUSBI ABKSDEF1
9 ABK-SYSTEME GESELLSCHAFT FUER AUSBI ABKSDEFF
10 AGRICULTURAL BANK OF CHINA FRANKFUR ABOCDEFF
11 AQUILA CAPITAL CONCEPTS GMBH ACCHDEH1
12 ANSA CAPITAL MANAGEMENT GMBH ACMHDE81
13 ADIDAS AG ADDSDE77
14 ADEUS AKTIENREGISTER-SERVICE-GMBH ADEUDEMM
15 ALLIANZ GLOBAL INVESTORS GMBH ADIMDEF1
16 ADYEN N.V. - GERMAN BRANCH ADYBDEB2
17 AMERICAN EXPRESS SERVICES EUROPE LI AESUDEF1
18 AFONE PAIEMENT AFOPDEB2
19 AFONE PAIEMENT AFPNDEB2
20 AIRBUS BANK GMBH AGBMDE21
21 AIRBUS BANK GMBH AGBMDEMM
22 886 GMBH AGGBDE51
23 ALLIANZ GLOBAL INVESTORS GMBH AGIDDEFB
24 ALLIANZ GLOBAL INVESTORS GMBH AGIDDEFF
25 AGRARHANDEL SUN GMBH AGSMDE82
26 AIK IMMOBILIEN-INVESTMENTGESELLSCHA AIKGDED1
27 AIFINYO PAYMENTS GMBH AIPGDE82
28 ACATIS INVESTMENT KAPITALVERWALTUNG AIVMDEFF
29 AKTIVBANK AKTIENGESELLSCHAFT AKBADES1
30 AKBANK AG AKBKDEFF
31 AKF BANK GMBH AND CO KG AKFBDE31
32 AKF BANK GMBH UND CO KG AKFBDE33
33 ALLIANZ VERSICHERUNGS - AG ALAVDEMS
34 ALTE LEIPZIGER TRUST INVESTMENT-GES ALLTDEF1
35 ALLIANZ LEBENSVERSICHERUNGS AG ALLVDESL
36 ALL4LABELS MANAGEMENT GMBH ALMGDE8W
37 ALPHA WERTPAPIERHANDELS GMBH ALPDDEF2
38 ALTE LEIPZIGER BAUSPAR AG ALTEDEF1
39 ALTE LEIPZIGER BAUSPAR AG ALTEDEFA
40 AMPEGA INVESTMENT GMBH AMAGDE2H
41 AQX SECURITIES GMBH AQSGDEH1
42 ARCHELON DEUTSCHLAND GMBH ARDGDEF1
43 ARDEX GROUP GMBH ARXGDE33
44 AKA AUSFUHRKREDIT GMBH AUSKDEFF
45 ACCURIDE WHEELS SOLINGEN GMBH AWSGDE3S
46 ALLIANZ SE AZSEDEMM
47 AION BANK GERMAN BRANCH NV BMPBDEF2
48 ALLIANZ GLOBAL INVESTORS GMBH DBIKDEF1
49 ABERDEEN STANDARD INVESTMENTS DEUTS DEGIDEF1
50 ABN AMRO BANK N.V. FRANKFURT BRANCH DELBDE33
51 ABN AMRO BANK N.V. FRANKFURT BRANCH FGCFDEF1
52 ABN AMRO BANK N.V. FRANKFURT BRANCH FTSBDEFA
53 AMPEGA INVESTMENT GMBH GERIDE31
54 AAREAL BANK AG (FORMERLY WESTDEUTSC IMMODE5M
55 ALLIANZ GLOBAL INVESTORS GMBH MKGADEM1
56 AMUNDI DEUTSCHLAND GMBH NOIGDEH1
57 7ORCA ASSET MANAGEMENT AG ORAADE22
58 360 TREASURY SYSTEMS AG TRSYDEFF
59 ABCBANK GMBH WWBADE31
60 ABCBANK GMBH WWBADE3A