Credit transfer batches
Processing SEPA credit transfers in batches is handy for companies that make large numbers of transactions and arrange payments via accounting software. It allows you to upload and pay the batch with all the credit transfers in one go, keeping your business operations well organised and saving time. Here’s how it works.
How it works
- Submit your file with credit transfer batches on Internet Banking for Business or Access Online Renewed.
- In the ISO 20022 pain.001 file format.
- The total sum of the batch will be debited from your account as one transaction.
Check whether it’s instant
- We automatically check whether the individual credit transfers are instant payments.
- The result is visible once the batch has been uploaded.
- An instant payment means that the money is credited to the recipient’s account within 5 to 10 seconds. Otherwise, it will arrive within one working day.
- Processing the batch as a whole takes longer.
Submit
- SEPA transfer batches can be submitted any day of the week, 24 hours per day.
- You don't have to take delivery times into account.
- If you want a credit transfer batch to be processed on a specific day, please fill in the required execution date. This can be up to 364 days in the future.
With the recipient
- If individual transactions in the batch are instant payments, you’ll be able to see when the money reached the recipient.
- Check the batch and click on transaction details.
More detailed explanation?
For a more detailed explanation of how to upload a SEPA or non-SEPA file on Internet Banking for Business, read the page on uploading SEPA and non-SEPA files.
Verifying recipients
We are working on a feature that will allow you to check all the recipients in a credit transfer batch. More about this later.
Frequently asked questions
How do I submit credit transfer batches?
You can upload them yourself on Internet Banking for Business or Access Online Renewed. Or use the Accounting Link to move your credit transfer batches directly from your accounting software to Internet Banking for Business or Access Online Renewed. If you intend to submit a lot of credit transfer batches, our Bulk channels might be a better option. And if you prefer to work with APIs, the Business Account Payment API is a good choice.
What’s the maximum number of transactions per credit transfer batch?
You can submit files with credit transfer batches of up to 100,000 transactions. If you’re submitting batches via Internet Banking for Business, Access Online Renewed or the Accounting Link, we advise a maximum of 10,000 transactions per file.
The credit transfers in my batch are debited from my account one by one. Why is this?
This is an option that used to be available in the past. It’s no longer necessary because you can now find the details of individual transactions in the credit transfer batch on Internet Banking for Business, Access Online Renewed or the digital account statement in the camt.053 file format.
Are all transfer credit batches processed as instant payments?
Only the credit transfer batches that you upload yourself via Internet Banking for Business or Access Online Renewed, and which contain a maximum of 10,000 transactions. We check automatically whether the individual transactions in these batches can be processed as instant payments. We are currently working on also making this possible for credit transfer batches with over 10,000 transactions and for batches submitted via the Accounting Link, one of the Bulk channels, or the Business Account Payment API. And also for batches that you want to have debited from accounts at Neuflize OBC in France. Credit transfer batches whereby the transfers are debited from your account one by one cannot be processed instantly. Please contact us if you want credit transfer batches to be debited from your account as a single transaction from now on.
Why are some credit transfers in a batch credited to the recipient faster than others?
We check every credit transfer in the batch to see whether it can be processed as an instant payment. If it can, the money will be credited to the recipient’s account within a few seconds. Otherwise, it will arrive within one working day. For a credit transfer batch submitted on a Friday the amount of an individual transaction may not reach the recipient’s account until Monday. Please take into account that all the credit transfers in the batch are processed one by one, not simultaneously, which is another reason why some credit transfers in a batch are credited to the recipient’s account faster than others.