For Chinese residents/Chinese companies to open an
account,see details.
Application processing fee (paid on submitting the application)
50.00 €
200.00 €
Account activation (Each independent Multi-Currency account)
5 €/per account
10 €/per account
Multi-factor authentication (Google authenticator)
Free of charge
Free of charge
Monthly Multi-currency account maintenance (per account)
10.00 €
5.00 €
Account closure
Free of charge
Free of charge
Initial deposit capital
Not required
Not required
Between PanPay Accounts
Free of charge
Free of charge
SEPA (European Economic Area countries)
1.00 €
0.1%, Min. fee 15 €
FPS - within the UK
1.00 €
0.1%, Min. fee 15 €
CHAPS - within the UK
1.00 €
0.1%, Min. fee 15 €
ACH/Fedwire - within the USA
1.00 €
0.1%, Min. fee 15 €
Wire Transfer (SWIFT)
5.00 €
0.2%, Min. fee 30 €
Compliance-intensive payment from High-Risk areas/industries or Third-party accounts
Additional 0.1%, Min. fee 15 €
--
(European Economic Area countries)
2.00 €
0.1%, Min. fee 30 €
SWIFT Excluding sanctioned countries
15.00 €
0.1%, Min. fee30 €
China Link payment** same day
1% Min. fee 30 €
1% Min. fee 30 €
SWIFT + Local Payments
Additional 30 €
Additional 30 €
Currency exchange (Non cash)
Mid-market exchange rates, rate provided
during exchange transaction
Mid-market exchange rates, rate provided
during exchange transaction
Account confirmation letter/Payment/Foreign Exchange/
Deposit statement (Scanned document) with PanPay seal and signature
50.00 €
50.00 €
Electronic bank statement
Free of charge
Free of charge
Fee for fundamental change of the company information /Re-registration fee
50.00 €
50.00 €
Unreported funds from high-risk areas return fee
50.00 €
50.00 €
Returned payment fee due to remitting/receiving party (wrong methods of payment, incorrect payment data, cancellation, investigation of the payment)
30.00 €+intermediate bank fee
30.00 €+intermediate bank fee
Sender party RECALL/FRAUD transaction
30.00 €
30.00 €
Correspondent bank international transfer completion notification / provisioning a copy of the notification (SWIFT copy)
30.00 €+intermediate bank fee
30.00 €+intermediate bank fee
Payment Correction/cancellation fee after the instruction has already been sent
50.00 €
50.00 €
Fee of the Information System of Cash-Flow Restrictions
(PLAIS)
1.02 €+ 0.98 € (PanPay compulsory
write-off fee)
1.02 €+ 0.98 € (PanPay compulsory
write-off fee)
Balance fee (applied if average monthly account balance is
over EUR 50 000 (or equivalent))
0.5% annual interest rate
0.5% annual interest rate