Bank Payouts / Payout formatting / Germany

Germany

Last updated: 14th July 2022

Basic information

If you want the recipient to be paid instantly, we recommend including “preferred_network”: “instant” in your request. If the recipient’s bank does not accept SEPA Instant, or the destination amount is above 100,000.00 EUR, we will automatically send the payout as EUR International Wire. Please note that if the preferred network is specified and the recipient bank does NOT support SEPA Instant, the payout will be rejected.

Country code	DE
Supported currency	EUR
Scheme	SEPA: Minimum amount (local currency): 0.01 Maximum amount (local currency): no maximum Cut-off time: 11:30 GMT Settlement: T+1 next day

Payment information

Beneficiary information

Beneficiary type	The type of account holder. Set this to `individual`.	`account_holder.type` required enum
Beneficiary name	The account holder's first and last name.	`account_holder.first_name` required string
Beneficiary name	The account holder's first and last name.	`account_holder.last_name` required string
Beneficiary address	The account holder's address.	`account_holder.billing_address.address_line1` optional string
		`account_holder.billing_address.address_line2` optional string
		`account_holder.billing_address.address.city` optional string
		`account_holder.billing_address.address.zip` optional string
		`account_holder.billing_address.address.country` required enum, 2 characters This must be a two-letter ISO code.

Bank details

IBAN	The account holder's IBAN.		`iban` required string, 20 characters
SWIFT BIC	The account holder's SWIFT BIC.		`swift_bic` required STRING, ^[A-Z]6[A-Z0-9]2([A-Z0-9]3)?$

Beneficiary information

Beneficiary type	The type of account holder. Set this to `corporate`	`account_holder.type` required enum
Beneficiary name	The account holder's company name.	`account_holder.company_name` required string
Beneficiary address	The account holder's adress.	`account_holder.billing_address.address_line1` required string
		`account_holder.billing_address.address_line2` optional string
		`account_holder.billing_address.city` required string
		`account_holder.billing_address.zip` optional string
		`account_holder.billing_address.country` required enum, 2 characters This must be a two-letter ISO code.

Bank details

IBAN	The account holder's IBAN.		`iban` required string, 20 characters
SWIFT BIC	The account holder's SWIFT BIC.		`swift_bic` required STRING, ^[A-Z]6[A-Z0-9]2([A-Z0-9]3)?$

Example

{
  "type": "bank_account",
  "iban": "CH5104835048708081000",
  "swift_bic": "CHBKPHMMXXX",
  "currency": "EUR",
  "country": "DE",
  "account_holder": {
    "first_name": "John",
    "last_name": "Smith",
    "address_line1": "99 Windsor Road",
    "address_city": "Berlin",
    "country_code": "DE",
    "billing_address": {
      "address_line1": "99 Windsor Road",
      "country_code": "DE",
      "address_city": "Berlin"
    }
  }
}