Question 1

What is an international transfer ?

Accepted Answer

International transfers are payments to countries outside the European payment area (SEPA) and payments in a currency other than the euro. You need an IBAN and BIC for most payments.

An international transfer is used in the following cases :

payments in euros if the beneficiary is the holder of an account in a country outside the SEPA zone*.
payments in a currency other than the euro.

What does « outside the SEPA zone” mean ?

The SEPA zone (Single Euro Payments Area) covers all the Member States of the European Union as well as Norway, Iceland, Liechtenstein, Switzerland, Monaco, Andorra and San Marino.

Any payment to a country that does not belong to the SEPA zone, or any non-euro payment within the SEPA zone is considered an international payment.

Need to make a payment in euros within the SEPA? Go for a European transfer.

Question 2

Who can make an international payment ?

Accepted Answer

Any self-employed, company, or organization that wants to manage its payments in an efficient manner.

Question 3

Specificities linked to a country or a currency

Accepted Answer

The execution of an international payment is in some specific cases subject to regulations applied in the country of destination. Do you want to learn more about it ? Here are some tips and tricks !

Question 4

International cheques

Accepted Answer

You can issue international cheques via Telelink online and offline.

Question 5

Charges

Accepted Answer

The cost of an international transfer is made up of the following:

An ING payment commission
Various ING fees
ING currency conversion fees (as applicable)
Fees applied by correspondent banks.

How the ING payment commission and correspondent bank fees are applied depends on the cost instruction given (BEN, SHA or OUR).

Details and calculation means of these costs are to be found in our pricing list.

Question 6

Are you interested ?

Accepted Answer

Contact us.