SEPA-Bank Transfer: money in a EU-country transfer
Via a SEPA Transfer, you can make a Bank Transfer in all countries of the European Union, the European economic area (EEA), Switzerland and Monaco. The Limit is 50,000 euros.
- A SEPA credit Transfer can be almost like a normal Bank Transfer online. You can find in the Online Banking a Link or a Button with the words "SEPA" or "SEPA credit Transfer".
- As usual, you must specify the amount, the recipient's name and a purpose. Instead of the account number and sort code, you need the IBAN and the BIC (see image). These are the international counterpart of the two well-known.
SEPA credit Transfer
International money transfer: money transfer to a country outside the EU
In your Online Banking under the Transfers also the "international Bank transfer". A Limit, unless self-imposed, does not exist here.
- Here, you must first specify the name of the country of destination, the IBAN or Konotnummer and the BIC, or Bank code of the recipient. Now you are on the job and target currency, the purpose of use and the amount asked. Finally, it is important to clarify the issue of fees.
- The amount of the fee is different and can be obtained from your Bank. Who bears the costs, can decide the Transfer, however.
- At the end of the Transfer, you can choose between the options to SHARE (split the costs), OUR (you bear the cost), and BEN (the recipient bears the cost).
Foreign Bank transfer
What is a Transfer within the EU costs?
- The "principle of equality of charges" from the EU-pricing regulation States that you must pay as a user for a money Transfer than they do for a Bank Transfer within Germany.
- The regulation applies in all EU countries that use the Euro as the official means of payment only if the amount is transferred in Euro.
- Conclusion: Because nowadays, virtually no one pays more fees for a domestic Transfer, you will also need to provide for a Transfer in an EU country no duties.
You need to make a Bank transfer from abroad due to a purchase in an Online Shop, you should do this rather than PayPal. The service is also beyond the country's borders free of charge and you and protects your money.
