XML Notification for clients

Mandatory use of XML format in case of SEPA transfer orders

Dear Client,


Please be informed that pursuant to Article 5 (1) b) of the Regulation no 260/2012 of the European Parliament and of the Council establishing technical and business requirements for credit transfers and direct debits in Euro and amending Regulation (EC) No 924/2009 (“Regulation”) the message format specified in point (1)(b) of the Annex (ISO 20022 XML standard) shall be used for the initiation or receipt of credit transfers or direct debits bundled together for transmission by payment service users who are not considered as consumers or microenterprises.


This means that as of 31 October 2016 your SEPA transfer orders (SEPA Credit Transfer) will only be accepted by the bank in XML format, if all the below conditions apply at the same time:

  • the currency of the initiated transaction  is EUR,
  • the beneficiary of the transaction is located in the SEPA zone (27 EU member states, and Switzerland, Norway, Iceland, Liechtenstein), and
  • your transactions are uploaded via the ING Wholesale Banking Inside Business Payments Hungary system in bundled-mode (including more items) in MT 100 or MT 103 format,


the regulations mentioned in the 1st and 2nd paragraphs will apply to your transfer orders. The bank, therefore, – acting according to these legal requirements – starting as of 1 November 2016 will only be able to accept these orders in XML format.


For any other payment order types not mentioned above the XML format requirement will not apply.


The above regulation –through establishing a single European financial market – serves your financial comfort with being uniformly applicable to all your financial services providers and above detailed payment transaction, consequently you will be able to use a single format payment order with all your financial services providers.


Please note that ING Bank N.V. Hungary Branch has been prepared for receiving payment orders in XML format. 


At the same time the relevant IT system of your company should be ready for generating XML format which might require system development or format configuration in your system. Therefore we kindly ask you to please make the necessary preparations.


You can find further information about ISO standards here and here. The above mentioned regulation can be found here.


Should you need any further information, please do not hesitate to contact us.


Thank you for your attention and cooperation!


Budapest, 31 March 2016