StandardÜberweisung

StandardÜberweisung is a term referring to a standard bank transfer within Germany and other European countries. It is a common method for sending money from one bank account to another. The process involves initiating a transfer through a bank's online portal, mobile app, or in person at a branch. Key details required for a StandardÜberweisung include the recipient's International Bank Account Number (IBAN) and their Bank Identifier Code (BIC), also known as a SWIFT code. The sender also needs to provide the amount to be transferred and a purpose for the payment, which appears on the recipient's bank statement.

StandardÜberweisung transactions typically take one to two business days to complete, depending on the banks involved and the time of day the transfer is initiated. While generally secure, these transfers are not instantaneous and lack the immediate confirmation that some other payment methods offer. Fees for StandardÜberweisung are usually minimal or non-existent for domestic transfers within the SEPA (Single Euro Payments Area) zone, though international transfers outside SEPA may incur charges. This method is widely used for various purposes, including paying bills, sending money to friends and family, and making payments for goods and services.