649
=S=> BGB 676a. 1 By a bank transfer contract , the banking institution ( transferring banking institution ) is put under a duty to the person who orders the transfer ( transferor ) to make a specified amount of money available to the beneficiary for credit to the account of the beneficiary at the transferring banking institution ( bank transfer ) and to supply information on the identity of the transferor and a purpose of the transfer , to the customary extent . If the credit is to be made by another banking institution , the transferring banking institution is obliged to transfer the bank transfer amount in good time and , to the extent that nothing else has been agreed , without deduction to the banking institution of the beneficiary directly or with the participation of intermediate banking institutions for this purpose and to forward the information specified in sentence 1. The transferor may , to the extent agreed , alternatively provide the banking institution with the monetary amount to be transferred in cash .
=S=> BGB 676a. 2 To the extent that no other periods of time are agreed , bank transfers are to be executed as soon as possible . The following : cross-border bank transfers in Member States of the European Union and in contracting states to the Agreement on the European Economic Area that are denominated in the currency or currency unit of those states or in euros , to the extent that nothing else has been agreed , within five working days on which all concerned banking institutions are customarily open for business , with the exception of Saturdays ( banking days ) to the account of the banking institution of the beneficiary , bank transfers within the country in domestic currency at the latest within three banking days to the account of the banking institution of the beneficiary , and bank transfers in domestic currency within a main office or branch office of a banking institution at the latest within one banking day , other intra-bank transfers at the latest within two banking days to the account of the beneficiary are to be executed ( transaction period ) . The period commences , to the extent not otherwise agreed , at the end of the day on which the name of the beneficiary , his account , his banking institution and other information required for carrying out the bank transfer are available to the transferring banking institution and a credit balance sufficient to carry out the bank transfer is available or sufficient credit has been granted .
=S=> BGB 676a. 3 After this , the transferring banking institution may only terminate the bank transfer contract without indicating any reasons as long as the transaction period has not yet begun if insolvency proceedings have been commenced in relation to the assets of the transferor or if a credit required to carry out the bank transfer has been terminated . In connection with payment systems , a bank transfer may , notwithstanding sentence 1 , no longer be terminated after the time determined in the rules of the system .
=S=> BGB 676a. 4 The transferor may terminate the bank transfer contract at any time prior to commencement of the transaction period , but after this he may only give notice if the banking institution of the beneficiary is notified of the termination by the time at which the transfer amount is finally made available to this banking institution for credit to the account of the beneficiary . In connection with payment systems , a bank transfer may , notwithstanding sentence 1 , no longer be terminated after the time determined in the rules of the system . The transferring banking institution must arrange for the banking institution of the beneficiary to be informed of a termination without delay .
|
