Payment Services

Required information for a payment order

For a payment order we require at least the following information:

• Business Account:
• The account number from which the payment order has to be executed;
• Accountholder(s) name;

• Beneficiary:
• The IBAN (International Bank Account Number) for an account with a bank within the European Economic Area (EEA). If not available, the number of the beneficiary’s account;
• Name en address of the beneficiary
• The BIC (Bank Identifier Code) of the beneficiary’s bank;

• Payment:
• The currency and amount;
• The transaction date;
• The description of the payment;
• Way of the costs settlement: shared (SHA), ours (OUR) or beneficiary’s (BEN). For a payment which meet the following requirement, only shared cost settlement (SHA) are allowed (EU-regulation):
• The beneficiary’s bank is located in the European Union; AND
• The payment is in Euro or another European currency; AND
• The payment does not involve any currency conversion.

Cut-off times

Below the cut-off time for the different currencies are given:

Currency	Cut-off time (GMT+1 time zone)*
Euro (EUR)	14:00 hours
Turkish Lira (TRY)	14:00 hours
US Dollar (USD)	14:00 hours
Other currencies than the above mentioned	11:00 hours

* A payment order received after the cut-off time will be deemed to have been received on the following business day.

Please contact your account officer for information on the exchange rates and costs applicable.

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