Transfer

This note explains how to enter a “Transfer” transaction type (the most common type).

Note: A transfer may occur:

• between two bank accounts
• between a bank account and an E-Money wallet
  • loading the E-Money wallet
  • disbursement of funds
• between a bank account and a virtual currency wallet
  • purchase of virtual currency
  • sale of virtual currency
• between a bank account and a securities portfolio
  • dividend payment

   

  General part of a transaction

From - Source of funds

If the source of funds is 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 source of funds is an account held with another institution, you must select “Account”.

The same applies if the source o funds account belongs to a client of the reporting entity but is not relevant to the report.

If the source of funds is in a currency other than EUR, the Foreign currency section must be completed.

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

IMPORTANT:

For a “Transfer” transaction type, the object type must ALWAYS be: “Account” or “Account (My Client)”

Therefore, you must fill-in the details of the account from which the funds originate.

See the user manual: Account - General information

Note:

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

To - Destination of funds

If the funds are destined for 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 for 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 completed.

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

IMPORTANT:

For a “Transfer” 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 complete the section “Related person(s)” (account holder, beneficial owner), and if the holder is an entity, also the “Account Owning Entity” and/or "Other Related Entity(ies)" section.
• If you select “Account”, it is technically sufficient to enter the presumed account holder’s name in “Account holder name”.

The following transaction types must be entered in the same way as a “Transfer”

(From = object type Account / Account (My Client), and
To = object type Account / Account (My Client)):

1. Currency exchange 
   • if the transaction takes place between bank accounts
   • the Foreign currency section must be completed
2. Cheque
   • the cheque number, date, and amount must be entered under Description
3. Banking domiciliation
4. Permanent order
5. Loan
6. Night deposit

Here (Text, 2 Kb) an example XML file for a transfer where the account holder is a person.

Here (Text, 4 Kb) an example XML file for a transfer where the account holder is an entity.