Conditions

Below you can find additional information related to our products. The related product terms and conditions can be obtained from the download centre.

For further information on the Dutch Deposit Guarantee System, please click here.

Current Accounts

Business Accounts

Conditions valid from 01-11-2009

Required information for a payment order

For a payment order we require at least the following information:

• Business Account:
• The account number from which the payment order has to be executed;
• Accountholder(s) name;

• Beneficiary:
• The IBAN (International Bank Account Number) for an account with a bank within the European Economic Area (EEA). If not available, the number of the beneficiary’s account;
• Name en address of the beneficiary
• The BIC (Bank Identifier Code) of the beneficiary’s bank;

• Payment:
• The currency and amount;
• The transaction date;
• The description of the payment;
• Way of the costs settlement: shared (SHA), ours (OUR) or beneficiary’s (BEN). For a payment which meet the following requirement, only shared cost settlement (SHA) are allowed (EU-regulation):
• The beneficiary’s bank is located in the European Union; AND
• The payment is in Euro or another European currency; AND
• The payment does not involve any currency conversion.

Cut-off times

Below the cut-off time for the different currencies are given:

Currency	Cut-off time (GMT+1 time zone)*
Euro (EUR)	15:00 hours
Turkish Lira (TRY)	14:00 hours
US Dollar (USD)	15:00 hours
Other currencies than the above mentioned	11:00 hours

* A payment order received after the cut-off time will be deemed to have been received on the following business day.

Please contact your account officer for information on the exchange rates and costs applicable.

Time Deposit for Businesses

Required balance

Balance	EUR
Minimum	2,500
Maximum	1,000,000

For the current rates and conditions, kindly contact our Corporate Banking Department on +356 2260 2000.

Top  Printer Version