Subh_Bank Transfers & Payment Processing
Payment processing is part of our core business.
We tailor our services to your needs – even for complex domestic and international transactions.
SEPA Credit Transfer
Domestic and SEPA transfers, whether internal or external, are typically processed as SEPA payments.
International Money Transfer
SWIFT is a global standard for most major currencies and is typically used for transfers outside the European Economic Area.
Express Transfer
Fast transfers in euros between accounts at participating banks in the euro area can be made using express transfers.
The most important points at a glance:
A bank transfer is a form of cashless payment that allows you to instruct your bank to transfer funds from your account to another person’s account.
For transfers within the European Economic Area (EEA) and to certain other countries, the SEPA credit transfer is typically used, which is conducted in euros.
For transactions in other currencies or to countries outside the EEA, international wire transfers are usually used.
Details
SEPA Transfer | Domestic and SEPA Transfers
Typical Use:
- Internal Transfers: SEPA transfers can be used to settle balances between your various euro accounts at our bank. Internal SEPA transfers can be easily initiated by selecting the specific transfer type “Internal Bank Transfer.”
- External Transfers: Standard transfers via the SEPA network from your euro account. Typically used for low-cost transfers within the European Economic Area (EEA = EU member states plus Iceland, Liechtenstein, and Norway) and several other countries.
Currencies:
- Currency of the debiting account: Euro
- Currency of the receiving account: Euro
Execution types:
- SEPA transfer
- SEPA Scheduled Transfer
- Recurring Payment
Typical Transfer Timeframe:
- Internal Transfers: Internal transfers are processed on the same day if they are initiated during our business hours.
- External Transfers: SEPA transfers are typically received by the recipient bank on the same banking business day; in exceptional cases, they are received on the following banking business day. If payments are received after our cutoff times (deadline for acceptance), the processing period begins on the next banking business day.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
International Money Transfers | Transfers to Other Countries or in Foreign Currencies
Typical Use:
- Internal Transfers: International transfers can be used to settle balances between your various euro or foreign currency accounts at our bank. Internal transfers are made by providing the usual IBAN and BIC of the destination account at our bank.
- External Transfers: Payment transactions via the SWIFT messaging standard are a global standard for most major currencies. Typically used for transfers outside the European Economic Area.
Currencies:
- Currency of the debiting account: Foreign currencies or euros
- Currency of the receiving account: Foreign currencies
Execution types:
- As soon as possible in accordance with cut-off rules (Price and Service List)
- Scheduled transfer by posting date
- Scheduled transfer by value date
Typical transfer duration:
- In addition to the applicable cutoff time (deadline for acceptance), the transfer duration depends, among other factors, on the availability of the payee’s bank and the selected currency, and may take several days.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
Express Transfer | The fastest possible transfers between accounts at participating banks in the eurozone
Typical Use:
- Fastest possible transfer in euros between accounts at participating banks in the eurozone
Currencies:
- Euro
Execution Types:
- As soon as possible
- Scheduled transfer
Typical Transfer Time:
- For transfers initiated before the respective cutoff time to an account at a bank connected to the TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer) system, the funds are usually available to the recipient bank on the same day.
- Transfers to banks not connected to the TARGET system that are initiated before the cutoff time; usually reach the recipient bank on the same or the next banking day.
- However, express transfers are only available within the SEPA payment area. Not all countries and banks support this service.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
SEPA Transfer | Domestic and SEPA Transfers
Typical Use:
- Internal Transfers: SEPA transfers can be used to settle balances between your various euro accounts at our bank. Internal SEPA transfers can be easily initiated by selecting the specific transfer type “Internal Bank Transfer.”
- External Transfers: Standard transfers via the SEPA network from your euro account. Typically used for low-cost transfers within the European Economic Area (EEA = EU member states plus Iceland, Liechtenstein, and Norway) and several other countries.
Currencies:
- Currency of the debiting account: Euro
- Currency of the receiving account: Euro
Execution types:
- SEPA transfer
- SEPA Scheduled Transfer
- Recurring Payment
Typical Transfer Timeframe:
- Internal Transfers: Internal transfers are processed on the same day if they are initiated during our business hours.
- External Transfers: SEPA transfers are typically received by the recipient bank on the same banking business day; in exceptional cases, they are received on the following banking business day. If payments are received after our cutoff times (deadline for acceptance), the processing period begins on the next banking business day.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
International Money Transfers | Transfers to Other Countries or in Foreign Currencies
Typical Use:
- Internal Transfers: International transfers can be used to settle balances between your various euro or foreign currency accounts at our bank. Internal transfers are made by providing the usual IBAN and BIC of the destination account at our bank.
- External Transfers: Payment transactions via the SWIFT messaging standard are a global standard for most major currencies. Typically used for transfers outside the European Economic Area.
Currencies:
- Currency of the debiting account: Foreign currencies or euros
- Currency of the receiving account: Foreign currencies
Execution types:
- As soon as possible in accordance with cut-off rules (Price and Service List)
- Scheduled transfer by posting date
- Scheduled transfer by value date
Typical transfer duration:
- In addition to the applicable cutoff time (deadline for acceptance), the transfer duration depends, among other factors, on the availability of the payee’s bank and the selected currency, and may take several days.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
Express Transfer | The fastest possible transfers between accounts at participating banks in the eurozone
Typical Use:
- Fastest possible transfer in euros between accounts at participating banks in the eurozone
Currencies:
- Euro
Execution Types:
- As soon as possible
- Scheduled transfer
Typical Transfer Time:
- For transfers initiated before the respective cutoff time to an account at a bank connected to the TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer) system, the funds are usually available to the recipient bank on the same day.
- Transfers to banks not connected to the TARGET system that are initiated before the cutoff time; usually reach the recipient bank on the same or the next banking day.
- However, express transfers are only available within the SEPA payment area. Not all countries and banks support this service.
- If you have any questions about our cutoff times, please contact your account manager.
Execution is subject to the applicable legal framework.
FAQ:
We're here for you!
Customer Support:
Mon–Fri, 9:00 a.m. – 5:00 p.m.
Service-Phone:
+49 (0) 69 2161-1112 or
+49 (0) 521 582-112
Email:
online.banking@hal-privatbank.com
Blocking-Hotline HBCI / EBICS:
+49 (0) 521 582-1177