/___European Payment Standards were introduced on 1st Juli 2003.
It is now much cheaper for the sender and receiver if the following information is used to make payments:
BIC Code: DEUT DE HH
IBAN Nr: DE 98 2007 0000 0976 6700 00
Since the current payment limit for this system is EURO 50,000.- it may be beneficial to split payments of larger amounts to remain below this level.
Thanks in advance for your co-operation.