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;
  • account holder;

• 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 and 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.