cash out iban europe
- Thread starter uktans
- Start date
The scheme of work is as follows:
1. We buy a ready-made bank account with a balance in the required bank.
2. We receive the details of the drop from the cashing service.
3. Go to your bank account.
4. Select the function "Send money transfer".
5. Fill in the details of the recipient-drop.
6. Click "Send money transfer"
7. We are waiting for the cash out from the drop service
8. We receive payment to our bitcoin wallet.
We rejoice and cry with happiness.
1. We buy a ready-made bank account with a balance in the required bank.
2. We receive the details of the drop from the cashing service.
3. Go to your bank account.
4. Select the function "Send money transfer".
5. Fill in the details of the recipient-drop.
6. Click "Send money transfer"
7. We are waiting for the cash out from the drop service
8. We receive payment to our bitcoin wallet.
We rejoice and cry with happiness.
Makes everything looks so simple lol
there is something wrong with the Video!!
you should skip the VIdeo to Minute 4:00
Bypass the transfer OTR TAN
In Germany, many bank customers use “SmartTAN optic”. The secure(1), immutable(2) token is a generic TAN generator with an individual chip card.
After logging in to the bank site with a password (PIN) you can see your data. To make a transfer, you enter the data (recipient, amount, etc.) on the web site. It then generates a flickering code which is read by the TAN generator via optical sensors from the screen. It shows the data on a small display and computes a 6-digit TAN from it using the secret on the chip card. The user types this number into the web site form and submits it to the bank which can verify the TAN. (More details on Wikipedia; the English version is not so detailed, but you may be able to translate the German version or at least see some pictures.)
An attacker who controls the victims’s computer can read their data, but if they try to modify the transaction details, the data displayed on the TAN generator won’t match and the customer will notice (if they pay attention, otherwise it’s all a useless endeavour anyway).
After (usually) 3 failed attempts the account is locked. So the TAN does not have to be excessively long and uncomfortable to use (6-digits mean a 3/1000000 chance for a guessing attack; much better than the 4-digit TANs used on ATMs here).
(1) Of course, an attacker could attempt to subvert either one in production, transport or at the customer’s site, as by breaking in. These are not really attacks against electronic banking, more like physical attacks and the usual security mechanisms (secure transport, secured storage etc.) would apply.
(2) The only input to the TAN generator (apart from a few buttons to basically start the procedure) are the chip card and the optical code. An attacker could try to subvert the code in order to infect the device with malware. However, it’s a rather simple device with limited function, and as a programmer myself I do think it’s possible to write such firmware securely (treat the input as fixed-length, or otherwise avoid buffer overflows and other beginner’s mistakes, separate writable data from executable code etc.). So if the device was designed competently (which, of course, the normal has no way to verify), it won’t be possible to subvert it like smartphones.
More info:
www.schneier.com
Cash out International transfers (SEPA)
Important advantages for clients who have an account with a European bank (both for citizens and companies of the EU countries and for non-residents) are not only the prestige of a particular bank or the guarantees of confidentiality of financial information provided by it, but also those unique opportunities that become available in connection with the development of the financial and technical infrastructure of the euro area.
SEPA transfer or withdrawal of money to foreign companies
The Single European Payments Area or, more precisely, the Single Euro Payments Area (SEPA) was created at the initiative of the banking community of the EU states (united in the European Payments Council, EPC) with the aim of making international payments within the euro area just as fast , simple and profitable, as well as domestic, that is, virtually eliminate the differences between them. The significance of this measure is also evidenced by the fact that the implementation of SEPA is called the next logical step after the introduction of euro-cash in 2002.
The creation of SEPA was supported by the European Commission and the European Central Bank and formalized by the EU Directive of November 13, 2007 (Payment Services Directive 2007/64 / EC). The use of SEPA benefits first became available to bank customers since January 2008. Today, the Single Euro Payments Area includes 32 countries.
The main types of payments, the procedure for the implementation of which has been harmonized within the SEPA framework, are:
Key Benefits of SEPA Cash Transfer
Firstly, it is a preferential for the client (in comparison with traditional international payments) fixed tariff of the bank for making a payment.
Secondly, payments are guaranteed to be transferred to the recipient in full (that is, exactly in the amount that was declared by the sender of the payment).
Third, fast and secure communication with the beneficiary's banking institution within the SEPA space, which is ensured by fully automated straight-through-processing of SEPA transactions covering the entire chain: client-bank, bank-bank, bank-beneficiary. As a result, the distinction between cross-border and domestic transfer of funds is virtually erased, and the costs of transferring funds are reduced by minimizing costs at the level of national payment systems.
Fourthly, an understandable standardized format for sending information about a payment order is used (using an account number in the IBAN format (International Bank Account Number) and a bank identifier BIC). This format is based on the use of the international standard ISO 20022 (Universal Financial Industry Message Scheme - Universal message scheme for the financial industry), which is a standard and methodology for describing business processes accompanied by the exchange of electronic financial messages, and designing schemes and formats for these messages. This ensures a high level of interoperability between automated systems that process financial messages.
Procedure and terms of making SEPA transfers for legal entities and individuals
Banks usually offer convenient and user-friendly payment order processing tools - either online via the Internet bank or by other means (by fax or at bank branches).
In order to take advantage of SEPA's capabilities and advantages, the client must comply with a number of mandatory parameters when creating a payment order, the totality of which will allow the bank to classify this payment as “regulated” (or “regulated”) payments made under SEPA.
These "regulated" payments in the SEPA zone include payments that meet the following requirements at the same time:
Please note that EU Regulation No. 260/2012 of March 14, 2012 provides for the abolition of the previously existing limit on the maximum SEPA transfer amount of EUR 50,000. However, since the full transition to these standards is carried out in stages, in a number of banks, restrictions on the amount of payment for SEPA purposes remain. In this case, if the transfer amount exceeds the set by the bank, the payment will be made in the usual manner (and not within SEPA) and at the usual, and not preferential, rate.
The term for the execution of the payment can be from 1 to 3 banking days from the date the bank accepts the payment order. At the same time, payment service providers operating in a competitive market and in the interests of consumers have the right to offer their customers shorter payment terms.
IBAN - Sepa transfer cashing services
IBAN is the unified beneficiary account identifier for payments in the EU and EEA member states (in Russia, the IBAN number is not used). Thus, if it is necessary to transfer funds in favor of a beneficiary who has an account with a bank in one of the indicated countries, the client will be required to indicate in the payment order the beneficiary's (payee's) account number in IBAN format (without spaces). To do this, it is advisable to find out in advance this account number from the counterparty - the recipient of the funds you send.
In different countries, the IBAN may have a different number of characters (the first and second characters in the IBAN number represent the alphabetic code of the country where the beneficiary's bank is located). However, the IBAN number cannot contain more than 34 alphanumeric characters.
It should be emphasized that the use of the beneficiary's account number in the IBAN format and the indication of the beneficiary's bank identification code (BIC) are mandatory (only valid) conditions for making a SEPA payment. In the case of direct debit operations on your account (for example, to pay bills from various service providers), you will need to provide your IBAN number and BIC of your bank to the service provider authorized to collect payment from your account.
In addition, it should be noted that incorrectly specified details, in particular, the beneficiary's account number not specified in the IBAN format, entails the withdrawal of an additional commission by the bank from the account of the sender of the payment.
In accordance with EU Regulation No. 260/2012, the final transition of banks from national euro money transfer schemes to the unified SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) schemes must be completed by February 1, 2014.
In Germany, many bank customers use “SmartTAN optic”. The secure(1), immutable(2) token is a generic TAN generator with an individual chip card.
After logging in to the bank site with a password (PIN) you can see your data. To make a transfer, you enter the data (recipient, amount, etc.) on the web site. It then generates a flickering code which is read by the TAN generator via optical sensors from the screen. It shows the data on a small display and computes a 6-digit TAN from it using the secret on the chip card. The user types this number into the web site form and submits it to the bank which can verify the TAN. (More details on Wikipedia; the English version is not so detailed, but you may be able to translate the German version or at least see some pictures.)
An attacker who controls the victims’s computer can read their data, but if they try to modify the transaction details, the data displayed on the TAN generator won’t match and the customer will notice (if they pay attention, otherwise it’s all a useless endeavour anyway).
After (usually) 3 failed attempts the account is locked. So the TAN does not have to be excessively long and uncomfortable to use (6-digits mean a 3/1000000 chance for a guessing attack; much better than the 4-digit TANs used on ATMs here).
(1) Of course, an attacker could attempt to subvert either one in production, transport or at the customer’s site, as by breaking in. These are not really attacks against electronic banking, more like physical attacks and the usual security mechanisms (secure transport, secured storage etc.) would apply.
(2) The only input to the TAN generator (apart from a few buttons to basically start the procedure) are the chip card and the optical code. An attacker could try to subvert the code in order to infect the device with malware. However, it’s a rather simple device with limited function, and as a programmer myself I do think it’s possible to write such firmware securely (treat the input as fixed-length, or otherwise avoid buffer overflows and other beginner’s mistakes, separate writable data from executable code etc.). So if the device was designed competently (which, of course, the normal has no way to verify), it won’t be possible to subvert it like smartphones.
More info:
Bypassing Two-Factor Authentication - Schneier on Security
www.schneier.com
Cash out International transfers (SEPA)
Important advantages for clients who have an account with a European bank (both for citizens and companies of the EU countries and for non-residents) are not only the prestige of a particular bank or the guarantees of confidentiality of financial information provided by it, but also those unique opportunities that become available in connection with the development of the financial and technical infrastructure of the euro area.
SEPA transfer or withdrawal of money to foreign companies
The Single European Payments Area or, more precisely, the Single Euro Payments Area (SEPA) was created at the initiative of the banking community of the EU states (united in the European Payments Council, EPC) with the aim of making international payments within the euro area just as fast , simple and profitable, as well as domestic, that is, virtually eliminate the differences between them. The significance of this measure is also evidenced by the fact that the implementation of SEPA is called the next logical step after the introduction of euro-cash in 2002.
The creation of SEPA was supported by the European Commission and the European Central Bank and formalized by the EU Directive of November 13, 2007 (Payment Services Directive 2007/64 / EC). The use of SEPA benefits first became available to bank customers since January 2008. Today, the Single Euro Payments Area includes 32 countries.
The main types of payments, the procedure for the implementation of which has been harmonized within the SEPA framework, are:
- standard transfer of funds from the payer's account to the beneficiary's account (SEPA Credit Transfer);
- direct debit (where the customer authorizes the invoicing service provider to debit the amount of the payment from the customer's account via SEPA Direct Debit, and at the same time authorizes his bank to make such a debit);
- payments using bank cards.
Key Benefits of SEPA Cash Transfer
Firstly, it is a preferential for the client (in comparison with traditional international payments) fixed tariff of the bank for making a payment.
Secondly, payments are guaranteed to be transferred to the recipient in full (that is, exactly in the amount that was declared by the sender of the payment).
Third, fast and secure communication with the beneficiary's banking institution within the SEPA space, which is ensured by fully automated straight-through-processing of SEPA transactions covering the entire chain: client-bank, bank-bank, bank-beneficiary. As a result, the distinction between cross-border and domestic transfer of funds is virtually erased, and the costs of transferring funds are reduced by minimizing costs at the level of national payment systems.
Fourthly, an understandable standardized format for sending information about a payment order is used (using an account number in the IBAN format (International Bank Account Number) and a bank identifier BIC). This format is based on the use of the international standard ISO 20022 (Universal Financial Industry Message Scheme - Universal message scheme for the financial industry), which is a standard and methodology for describing business processes accompanied by the exchange of electronic financial messages, and designing schemes and formats for these messages. This ensures a high level of interoperability between automated systems that process financial messages.
Procedure and terms of making SEPA transfers for legal entities and individuals
Banks usually offer convenient and user-friendly payment order processing tools - either online via the Internet bank or by other means (by fax or at bank branches).
In order to take advantage of SEPA's capabilities and advantages, the client must comply with a number of mandatory parameters when creating a payment order, the totality of which will allow the bank to classify this payment as “regulated” (or “regulated”) payments made under SEPA.
These "regulated" payments in the SEPA zone include payments that meet the following requirements at the same time:
- Both the payer's bank and the beneficiary's bank are in the SEPA zone. This zone includes: firstly, the countries of the euro zone (Austria, Cyprus, the Netherlands, Spain, Belgium, Estonia, Slovenia, Finland, Germany, Greece, Ireland, Italy, Luxembourg, France, Malta, Portugal, Slovakia); secondly, the EU member states that are not part of the euro zone (Great Britain, Poland, Bulgaria, Sweden, Czech Republic, Lithuania, Romania, Denmark, Hungary, Latvia); thirdly, non-EU countries (Iceland, Liechtenstein, Monaco, Norway, Switzerland). This means that SEPA payment cannot be made from an account in a your bank (as well as to the beneficiary's account in a your bank).
- The money transfer currency is Euro.
- The payment order contains the correct beneficiary's account in IBAN format and the correct BIC (SWIFT code) of the beneficiary's bank. According to the ECB, from February 1, 2016, IBAN should become the only bank account identifier required for making cross-border payments in euros.
- The selected method of payment of commissions SHA (separate coverage of the commission, that is, the costs are divided between the payer and the recipient).
- The value date (the date the funds were credited to the beneficiary's account) must be later than the date the payment order was issued (that is, the SEPA payment must not be urgent, that is, it must be executed on the current day).
Please note that EU Regulation No. 260/2012 of March 14, 2012 provides for the abolition of the previously existing limit on the maximum SEPA transfer amount of EUR 50,000. However, since the full transition to these standards is carried out in stages, in a number of banks, restrictions on the amount of payment for SEPA purposes remain. In this case, if the transfer amount exceeds the set by the bank, the payment will be made in the usual manner (and not within SEPA) and at the usual, and not preferential, rate.
The term for the execution of the payment can be from 1 to 3 banking days from the date the bank accepts the payment order. At the same time, payment service providers operating in a competitive market and in the interests of consumers have the right to offer their customers shorter payment terms.
IBAN - Sepa transfer cashing services
IBAN is the unified beneficiary account identifier for payments in the EU and EEA member states (in Russia, the IBAN number is not used). Thus, if it is necessary to transfer funds in favor of a beneficiary who has an account with a bank in one of the indicated countries, the client will be required to indicate in the payment order the beneficiary's (payee's) account number in IBAN format (without spaces). To do this, it is advisable to find out in advance this account number from the counterparty - the recipient of the funds you send.
In different countries, the IBAN may have a different number of characters (the first and second characters in the IBAN number represent the alphabetic code of the country where the beneficiary's bank is located). However, the IBAN number cannot contain more than 34 alphanumeric characters.
It should be emphasized that the use of the beneficiary's account number in the IBAN format and the indication of the beneficiary's bank identification code (BIC) are mandatory (only valid) conditions for making a SEPA payment. In the case of direct debit operations on your account (for example, to pay bills from various service providers), you will need to provide your IBAN number and BIC of your bank to the service provider authorized to collect payment from your account.
In addition, it should be noted that incorrectly specified details, in particular, the beneficiary's account number not specified in the IBAN format, entails the withdrawal of an additional commission by the bank from the account of the sender of the payment.
In accordance with EU Regulation No. 260/2012, the final transition of banks from national euro money transfer schemes to the unified SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) schemes must be completed by February 1, 2014.
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