Global business transfers

1. Review country requirements: please take a look at the country specific guidelines and instructions for requirements, such as mandatory codes or descriptions.
2. Send in the recipient's local currency: this way you avoid additional exchange costs charged by the receiving bank. These fees are separate from the transfer costs.
3. IBAN and BIC/BCC: for countries that do not use IBAN, providing a BIC or BCC is mandatory. Without a BIC or BCC, your payment cannot be processed. 
4. Beneficiary details: it’s important to provide all required beneficiary information. If anything is missing, the beneficiary’s bank may reject the payment and return the funds, often after deducting fees. As a result, you may not get the full amount back.

For a credit transfer to a bank account held at a bank outside SEPA, you always need the BIC of that specific bank. Ask the recipient to provide you the BIC. Does the recipient not know it? Use Swift’s online BIC search tool. 

Suggestion: enter as many search criteria as possible in order to quickly find the right BIC. Do you get multiple results? Ask the recipient to check with their own bank which BIC must be used for a credit transfer.

When you transfer money abroad, we automatically fill in the corresponding currency of your payment. If you're transferring money outside of SEPA or in another currency, we'll show you how much your transfer will be in local currency and in euros. 

For this, we use the exchange rate that is applicable at that time. The exchange rate also includes a rate surcharge or deduction, which is the currency conversion fee for exchanging your money. The exchange rate you see when entering your payment is indicative and may differ slightly from the final rate. The final applied exchange rate is determined when processing your transfer and can be found on your transaction overview.

By making a transfer in foreign currency, you have more certainty over the amount that the recipient will receive. Furthermore, the exchange rate we use is usually more favourable than the exchange rate of the receiving bank.

You pay an invoice of 1,000 USD from your euro account. You will then see that the exchange rate is 1.1729, in other words 1 euro is worth $1.1729 at that time. If you transfer $1,000 (USD), €852.58 will be deducted from your account (1 : 1.1729).

When you transfer money abroad, we automatically fill in the corresponding currency for your payment. If you would rather transfer in euros, click on 'Currency' and choose EUR.

If you transfer euros to a country outside SEPA, the receiving bank often exchanges your euros into the local currency. This mostly happens in countries where the recipient does not have a euro account. Therefore, always check with the recipient in which currency they want to receive the payment.

Please note: the recipient's bank may apply an unfavourable exchange rate if they need to convert your payment into the local currency. Therefore, check beforehand in which currency the payment should be received. This way you avoid additional exchange costs and you have more certainty about the amount that will arrive.

Via Internet Banking Business or Access Online, you can transfer money to a bank account outside SEPA or in a currency other than the euro, at any given moment. You no longer need to enable the international credit transfer setting in Internet Banking.

In the credit transfer initiation screen you simply select the recipient’s country and, if applicable, another currency. You will then automatically see what additional data need to be entered for this credit transfer. These data can differ per country. See the country-specific guidelines and instructions. 

The payer may ask you to provide your IBAN and BIC.

• You can find the IBAN on your debit card, in the account overview in the ABN AMRO app, Internet Banking Business, or Access Online.
• ABN AMRO's BIC is ABNANL2A.