International transfer

With the international transfer you can make a payment from a remote account, which you cannot access directly. This may be necessary, for example, if the recipient of the payment is located outside the SEPA area. To do so, the payment is sent in the MT101 format via SWIFT to another bank, which transfers it to the recipient and debits your remote account. In order to use the international bank transfer, your bank must grant you authorization for the order type RFT.

Up to four banks are involved in an international transfer. The procedure is as follows:

1. Sending institute — BL Banking sends the MT101 transfer to the sending institute via EBICS like any other payment. This is your bank, which is set up in the program under Settings - Banks.
2. Receiving institute — The sending institute transmits the payment via SWIFT to the receiving institute, which is determined by your bank (no. 1).
3. Originator bank — This is the remote bank, which you cannot access directly. You have an account with this bank, which will be debited for this payment.
4. Payee bank — The receiving institution will transfer the payment to the bank of the recipient.

Account

From this drop-down list, select your account at the remote bank (see above no. 3). You must first create this account under Accounts.

Originator

This drop-down list contains the MT101 originators that are available in the overview Originators. If you select one of them, the following fields for the address, as well as the sending and receiving institute will also be filled in. However, you can also enter the fields manually.

Address

If the address data had already been entered in the above selected originator, it is used here. Otherwise, you can also enter the address manually here.

Sending institute

Enter here the BIC of your bank, to which you are directly connected via EBICS (see above no. 1).

Receiving institute

Enter here the BIC of the bank, to which the payment is sent by SWIFT (see above no. 2).

Recipient

This drop-down list contains the MT101 originators that are available in the overview Recipients. However, you can also enter a different name here.

Address / Account number/IBAN / Sort code/BIC

Enter the address and account information of the beneficiary here. If this data had already been entered in the above selected recipient, it is used here. Otherwise, you can also enter the data manually here.

Amount

Here you can enter the amount in any currency. If you choose a currency other than Euro, the value in Euro is displayed below the field. This value is non-binding and the conversion is not possible for all currencies.

Intended purpose

Here, you have four fields with up to 35 characters each available, which can be used to describe the purpose of the payment in greater detail.

Execution date

Enter the date on which the payment needs to be executed.

Reference

Enter a reference number here, which will be forwarded to the owner of the receiving account.

Charging scheme

Here, you can determine who will pay the fees for the international payment.

Save recipient

If this checkbox is set, the entered receiver is saved, unless it has been selected from the drop-down list and has not been changed after that.

Figure: Form for entering an international transfer