First thing first, let’s get you prepared with the file. Here’s the template you can use:
Some things to note for the file submitted:
We can only accept CSV and XML files for now.
The XML file must follow the ISO 20022 format, commonly used for exports from DATEV and other accounting software.
The file is less than 1 MB
The file contains less than 200 payments
There are no empty required fields
There are enough funds to initiate the transfer
Some things to note for the content:
Beneficiary Name
The recipient of the payment. For example: John Doe
Min length of the recipient is 4 symbols
Allowed symbols are: Latin symbols, numbers, /-?:()., +, but not /-:() in the beginning, or / in the end, or // anywhere
IBAN
IBAN needs to be inside the SEPA zone. For example DE89370400440532013XXX.
Amount
The amount sent to the recipient should be in the following format: 12.300,45. We only allow 2 decimals maximum.
Currency
We can only accept EUR transfers for now. You should input the currency as EUR.
Reference (optional)
Any note attached to the transfer. For example: Invoice #1234567890.
The Reference is not too long. We only allow 100 characters maximum
Allowed symbols are: Latin symbols, numbers, /-?:()., +, but not /-:() in the beginning, or / in the end, or // anywhere
Once the check is done, here’s how to initiate bulk payment in our web interface
Open your business account by clicking this link:
Go to the Payment menu on the sidebar
Choose ‘Bulk transfer’ for the type of transfer
Upload your file. You can use the template we provided below.
Once the data inside your file has been processed, it will show the list of transfers and the amount to be processed.
Please double-check the list of transfers. We will also show the list of transfers that cannot be processed.
Depending on the role you have (Admin/Owner or Assistant), the bulk payment can be initiated right away or sent for approval
Choose the account from which the money will be deducted then click Pay/Send for approval
Can I use file formats other than CSV and XML for bulk payments?
Currently, we only support CSV and XML files for bulk payments. However, we're actively working on expanding the range of accepted file types. Rest assured, we'll notify you as soon as this feature becomes available.
Template for CSV and XML file: