Sepa in general

In order to create a comprehensive European Single Market, Europe-wide consistent standards for transfers, debit notes and credit card payments will be implemented successively from the beginning of 2008.

With this, the payment transactions within Europe will get quicker and easier. However, this also induces modifications for institutions and private clients.

It is the objective of the German credit business to perform border-crossing transfers within Europe in a quick and economic way. In order to facilitate an automated effectuation of your transfers we require amongst others IBAN and BIC of the beneficiary.

We provide you with a search engine for world-wide BIC Codes in the toolbox on the right side. Furthermore you will find a link to an overview of current exchange rates there.

Pax-Bank Clients can find IBAN and BIC data on their bank statement.