Navigation and service

Payment systems

Cashless money transfer

Tasks and services

Efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany as a financial centre, provides settlement and clearing services and plays an active role in the further development of the single European payment system.


Statistics and monitors

TARGET2 - Balance

Bundesbank's TARGET2 claims
Amount: EUR 542,584,746,146.96
(As at: 31 July 2015)
Further information on the TARGET2 balance.


Logo of TARGET2-Securities

TARGET2-Securities successfully launched

The new European securities settlement service, TARGET2-Securities (T2S) was launched on four markets on 22 June 2015. This represents the first step towards establishing a centralised European platform for settling securities and comes roughly seven years after the official launch of the project in 2008. Once migration has concluded in February 2017, T2S will encompass a total of 21 markets across Europe.


Foto shows computer screens

TARGET2-Securities migration

The Eurosystem is building up TARGET2-Securities (T2S) to provide a new integrated platform for securities settlement against central bank money. Here you will find important information on necessary preparations, testing phases and the migration of the wave 3.



On 9 and 10 September 2015 for the first time the Bundesbank will host an analytical conference on payments and settlement systems. Please find more details in the Conference program and call for participation.

Open file 44 KB, PDF

Foto shows survey questionnaire

Publication of the T2S-Forms

Here you can find the T2S-Registration Forms for Directly Connected Parties (DCPs) and Indirectly Connected Parties (ICPs).


Photo shows visitors an event

Information events on payments and account management for credit institutions

Please find the German presentation material for the events in September and October here.


Additional information

Creditor Identifier  

SEPA - Single Euro Payments Area

The SEPA direct debit scheme provides the Creditor Identifier to specify the identity of the direct debit creditor.



Newsletter in the mailbox

Receive information about bank sort codes and check-digit calculation for bank account numbers, TARGET2 or general information about payment systems and securities settlement.



Abbildung eines Telefons

Should you have any questions regarding our payment and settlement systems, please contact the following persons.