General
What options does Penta offer for foreign payments?
Each client has the possibility to receive the following forms of transfers in EUR currency. Receipt of classic SEPA transfers Receipt of Target2 paym...
Who is the provider Wise?
Wise (formerly TransferWise) is an online money transfer service for foreign currencies based in London. The company was founded in 2011 by two Estonians, K...
What is Penta Global Money?
Penta Global Money gives you access to international payments. We offer this product together with our partner Wise, a regulated payment service provid...
When is there a reporting obligation for foreign remittances?
Foreign transfers above a value of €12,500 are subject to a reporting obligation under Section 11 of the Foreign Trade and Payments Act (Außenwirtschaftsges...