- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- RON
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks in Romania
- Cutoff & delivery timing
-
Same day credit subject to cutoff of 11.30 CET
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter City Remitter Post Code Remit Purpose Code Remitter Country Code Beneficiary Name Beneficiary IBAN Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary Account Type Beneficiary Bank Code / SWIFT Code Beneficiary Post code Beneficiary State (Required only if Beneficiary country is US CA or MX) Remitter DOB (only for Individuals) Remitter State (Required only if Remitter country is US CA or MX)
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | RON 200,000 | RON 200,000 | RON 200,000 | RON 200,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- EUR
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks connected with SEPA Network
- Cutoff & delivery timing
-
1. Realtime for transaction amount <= EUR 100,000
2. Same-day for transaction amount > EUR 100,000 subject to cutoff of 14.00 EET
3. Supported Banks https://www.ebaclearing.eu/services/rt1/participants/ https://www.ecb.europa.eu/paym/target/tips/facts/html/index.en.html
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Address Remitter Country Code Remitter Identification Type Remitter Identication Number Remit Purpose Code Remitter City Remitter Post Code Beneficiary Name Beneficiary Country Code Beneficiary Account Type Beneficiary Account Number - IBAN Routing Code Type 1 - SWIFT CODE Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Remitter Name, NIUM & Statement Narrative appears in the beneficiary statement.
- Proof of Payment
-
Upon request, Proof of Payment for a transaction can be made available.
- Notes
-
1. Coverage includes the EU as well as several Non-EU countries. 2. Not all supported countries support Realtime payments 3. Few banks in Instant supported countries may not support instant payments and payments will be routed through Standard mode in such cases.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- RON
- Network Participant
- VISA
- FX Source
- Live Interbank based rates from NIUM are available 24x7, including off-market hours
- Cutoff & delivery timing
-
1. 24x7 Availability
2. Real-time for Fast fund Enabled (Details on fast-fund enabled countries available on request)
3. T+2 for other countries
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Identification Number Remitter Country Code Beneficiary Card Number Beneficiary Name Beneficiary Country Code
- Notes
-
For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available. Origination of funds is allowed only from a set of countries as mentioned in the table below. In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer. In few countries, only few banks may allow the transactions. Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card. Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | USD 50,000 | USD 50,000 | USD 2,500 | USD 50,000 |