Portugal - Tranglo

Docs

Portugal

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 999,999.00
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 PORTUGAL PAYOUT351001

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 & business
Supported sender account type – Individual & business
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 Portuguese business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Portugal nationwide
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 Codes

NoNameSwiftCode
1321 CREDITO INSTITUICAO FINANCEIRACIEDPTP1
2ABANCA CORPORACION BANCARIA, SA, SUCAGLPTPL
3AGEAS PORTUGAL - COMPANHIA DE SEGURAPSVPTP1
4AGENCIA DE GESTAEO DA TESOURARIA EIGCPPTPL
5ARC RATINGS, S.A.COOGPTP1
6ASCENDI, SGPS, S.A.AGPPPTPP
7ATRIUM INVESTIMENTOS-SOCIEDADE FINAAIFCPTP1
8AXA INVESTMENT MANAGERS (AXA IM)AXLPPTP1
9BANCO ACTIVOBANK S.A.ACTVPTPL
10BANCO ACTIVOBANK, S.A.MEIIPTP1
11BANCO ATLANTICO EUROPA, SABAPAPTPL
12BANCO BAI EUROPA, SABAIPPTPL
13BANCO BILBAO VIZCAYA ARGENTARIA S.ABBVAPTPL
14BANCO BNP PARIBAS PERSONAL FINANCECRRCPTP1
15BANCO BNP PARIBAS PERSONAL FINANCE,CETMPTP1
16BANCO BPI, SABBPIPTPL
17BANCO COFIDIS, SAMIISPTP1
18BANCO COMERCIAL DE MACAU S.A.R.L.CMACPTP1
19BANCO COMERCIAL PORTUGUESCISFPTP1
20BANCO COMERCIAL PORTUGUES S.A.CRRSPTP1
21BANCO COMERCIAL PORTUGUES S.A.EXATPTP1
22BANCO COMERCIAL PORTUGUES S.A.MEIMPTP1
23BANCO COMERCIAL PORTUGUES S.A.MEOLPTP1
24BANCO COMERCIAL PORTUGUES S.A.BCOMPTPL
25BANCO CREDIBOM, SACRBBPTP1
26BANCO CTT, S.A.CTTVPTPL
27BANCO DE BOSTON LATINO AMERICANO S.BBLAPTP1
28BANCO DE INVESTIMENTO GLOBAL SABDIGPTPL
29BANCO DE INVESTIMENTO IMOBILIARIO SINIOPTP1
30BANCO DE PORTUGALBGALPTPL
31BANCO DE PORTUGALBGALPTTG
32BANCO DE SABADELL, SA - SUCURSAL EMBSABPTPL
33BANCO DO BRASIL AG-SUCURSAL EM PORTBRASPTPL
34BANCO FINANTIA S.A.BFIAPTPL
35BANCO INVEST S.A.IVVSPTPL
36BANCO L.J. CARREGOSA, S.A.BLJCPTPT
37BANCO MADESANT - SOCIEDADE UNIPESSOMASNPTP1
38BANCO PORTUGUES DE GESTAO, S.A.BPGPPTPL
39BANCO PRIMUS, S.A.PRUUPTP1
40BANCO SANTANDER CONSUMER PORTUGAL SIBNBPTP1
41BANCO SANTANDER TOTTA SATOTAPTPL
42BANK OF CHINA ( EUROPE) S.A. LISBONBKCHPTPL
43BANKINTER SA-SUCURSAL EM PORTUGALBKBKPTPL