TARGET2

TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system.

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TARGET2

EMBank is the participant of TARGET2 that enables you to make instant Euro transactions regardless of the amount. If you and your business are in the fast lane you will love TARGET2.

Target2 F.A.Q.

WHAT IS TARGET2
TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. Central banks and commercial banks can submit payment orders in euro to TARGET2, where they are processed and settled in central bank money.
WHAT IS THE BENEFIT OF USING TARGET2?
TARGET2 payments are made immediately, without adjournments and delays.
IS THERE AN UPPER OR LOWER LIMIT?
There is no upper or lower limit for TARGET2 transactions.
WHO CAN USE TARGET2?
The Central and commercial banks as well as the TARGET2 member banks’ clients can use it.
HOW TO SEND MONEY FROM YOUR ACCOUNT WITH YOUR RM VIA TARGET2?

Provide your RM with the following data:

  1. The beneficiary's bank name and SWIFT-code*.

*Please note! If the beneficiary’s bank is not a member of the TARGET2 System, his correspondent bank must be a member thereof, and in such a case, it is necessary to give its SWIFT-code. Then, payment will come to the correspondent bank through TARGET2 and subsequently through the communication line established between these banks.

  1. Number of your beneficiary’s account or international bank account number (IBAN).
  2. Full name (in case of transfer to an individual) or the beneficiary’s name (in case of transfer to a legal entity).
  3. Address (residence) of your beneficiary. 
  4. Your payment details: destination, date, and number of documents, under which a payment is made**

**Please note! Subject to the payment details the bank can demand copies of documents, upon which your transfer is made: contract, invoices, specification of goods, etc.

HOW TO SEND MONEY WITH EMBANK ONLINE BANKING VIA TARGET2?

Submit transfer via Internet Banking under menu Payments > Payments and Transfers > Adhoc Payment > Target2 Payment

 

Our Banking Services

Why EMBank?

We aim to provide the technological expertise and business insight needed to empower our clients. Our digital banking offering is an all-in-one package consisting of a European banking license, single API integration, and the know-how to provide a true Banking as a Service solution.

 

We pride ourselves on high professional standards, transparent practices, and commitment to our partners. We are entrepreneurs by heart and experienced bankers in mind. We will work together with your business to help secure its rapid growth and long-term success.

Trust and Integrity.

Honesty and integrity are key ingredients in developing trust with our clients. Building trust is at the heart of everything we do.

Passion for Quality.

 Quality matters but being passionate about quality matters even more. Our passion inspires new ideas,and we bring them to life with the highest quality.

Attention to Detail.

 The difference between something good and something great is attention to detail. We choose the latter.

Vision, Mission & Values.

 Our vision – Digital Banking for growth;
Our mission – Digital Banking services in your hand in the spirit of EU regulation;
Our Values - Passion, Innovations, Hard work, and Trust.