Wire Transfer Letter Template for Germany

A Wire Transfer Letter is a critical banking document used to initiate and authorize international or domestic fund transfers under German banking law. This document is essential when a party needs to transfer money electronically between bank accounts, whether for business transactions, personal transfers, or international payments. The letter must comply with German banking regulations, including the Kreditwesengesetz (KWG) and Geldwäschegesetz (GwG), as well as EU payment services directives. It typically includes comprehensive details about the sender, recipient, bank accounts, transfer amount, and purpose of payment. The Wire Transfer Letter serves multiple purposes: it provides clear instructions to the sending bank, creates an audit trail for compliance purposes, and documents the authorization for the transfer. This document is particularly important in the German context due to strict banking regulations and documentation requirements for financial transactions.

1. Sender Details: Full name, address, and contact information of the party initiating the transfer

2. Date: Date of the wire transfer letter

3. Bank Details: Sending bank's name, address, and relevant contact information

4. Transfer Instructions: Clear statement of the transfer amount, currency, and timing requirements

5. Beneficiary Information: Complete details of the recipient including full name, bank account number, IBAN, and SWIFT/BIC code

6. Purpose of Transfer: Clear description of the reason for the transfer (required for compliance with German banking regulations)

7. Authorization Statement: Explicit authorization for the bank to execute the transfer and debit the sender's account