Payment from Germany
Thread poster: Romuald Pawlikowski
My client from Germany has postponed the payment. When I asked him for explanation, he claimed that he tried sending them from his personal account and it was blocked because it exceeded a quota that can be sent to outside Germany.
Does Germany have any specific regulations setting a ceiling to amount that can be transferred abroad from personal accounts?
| | Ralf Lemster
Local time: 02:57
English to German
| No official restrictions AFAIK || Sep 17, 2003 |
I'm not in my office today, so I cannot properly research this, but there are no restrictions to international payments that I'm aware of. Depending on the amount, there may be a requirement to submit a report on the reasons for payment, for statistical purposes (but IIRC this applies to payments of EUR 12,500 or higher - not sure about Poland, though). What is more likely is that the restriction is on your client's online banking, for safety reasons, but then this would typically be a per-day limit.
HTH - Ralf
| Food for thought || Sep 17, 2003 |
Thank you, Ralph. You provided me with some food for thought regarding the client... Need to "redesign" my business relationship with him.
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