E-money payment

This note explains how to enter the transaction type “E-Money payment” (transfer of electronic money between two E-Money wallets).

General part of a transaction

From - Source of funds

If the funds originate from an account held by a client of the reporting entity, and this client is relevant to the report, you must select “Account (My Client)”.

If the funds originate from an account held with another institution, you must select “Account”. The same applies if the originating account belongs to a client of the reporting entity but is not relevant to the report.

If the Funds originating from are in a currency other than EUR, the Foreign currency section must be filled-in.

Next, you must specify the object type for the origin of the funds.

IMPORTANT:

For an “E-Money payment” transaction type, the object type must ALWAYS be: “Account” or “Account (My Client)”

You must therefore provide the details of the account from which the funds originate (the E-money wallet).

See the user manual: Account - General information

Note:

• If you selected “Account (My Client)”, you must fill-in the section “Related Person(s)” (account holder, beneficial owner), and, if the holder is an entity, also the “ Account Owning Entity” section.
• If you selected “Account”, it is technically sufficient to enter the presumed account holder’s name in the “Account holder name” field.

To - Destination of funds

If the funds are destined to an account held by a client of the reporting entity, and this client is relevant to the report, select “Account (My Client)”.

If the funds are destined to an account held with another institution, select “Account”. The same applies if the destination account belongs to a client of the reporting entity but is not relevant to the report.

If the funds "To" are in a currency other than EUR, the Foreign currency section must be filled-in.

Next, you must specify the object type for the destination of the funds.

IMPORTANT:

For an “E-Money payment” transaction type, the object type must ALWAYS be: “Account” or “Account (My Client)”

Thus, you must complete the details of the destination account.

See the user manual: Account - General information

Note:

• If you select “Account (My Client)”, you must fill-in the section “Related person(s)” (account holder, beneficial owner), and if the holder is an entity, also the “Account Owning Entity”.
• If you select “Account”, it is technically sufficient to enter the presumed account holder’s name in “Account holder name”.