General

What possibilities 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...

What is the provider Currencycloud?

Penta has entered into a cooperation with the partner Currenycloud to be able to offer you as a customer the possibility for foreign payments. In order ...

What is Penta Global Money?

Penta Global Money gives you access to international payments.  We offer this product together with our partner Currencycloud, a regulated payment servi...

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...