Payment transactions

When and how are invoices issued and paid? This is just as much a question of partner care as it is of liquidity and interest cost optimization. Sometimes it is worth taking a discount, sometimes it is more expedient to make maximum use of payment deadlines. Behind such liquidity management tasks is always the question: how do we handle cashless payment transactions? The processes need to be efficient and cost-effective, as well as secure, convenient and executable in all major currencies. Increasing digitalization enables specific and targeted solutions, especially in the processing of electronic payment transactions. For LBBW's corporate customers, this is a matter of course: we support our customers in cash management with proven standards as well as with innovative solutions for very special cases.

This also includes the broad field of digital banking. This is why the multibank-capable payment transaction app is at the heart of the Corporates portal, central access for corporate customers of LBBW and BW Bank.

How cashless payment transactions work today

LBBW's understanding of cash management goes beyond the wide-ranging portfolio of payment transaction products. An overview - preferably in real time - of all transactions in your business accounts and thus of your liquidity is a matter of course. Our offer goes further: we work with you to analyze your company's financial value chain. LBBW's cash management experts will advise you personally and with great commitment on how to optimize your payment transactions. With our payment transaction consulting, you can optimize the cost structure of your incoming and outgoing cash flows and strengthen your internal financing power.Our customers have access to our highly available systems, which are equipped with the latest technology and maximum security standards. This enables us to effectively protect our customers' transactions and portfolios against attacks from cyberspace.

Your account with LBBW

Process payments worldwide and access funds at short notice: At LBBW you will find the right account for your needs. You can also take advantage of our euro clearing offer and CorporateWorld as a corporate credit card with many extras.

The business account

All cash-relevant business transactions, both domestic and foreign payments, come together in the business account. It should therefore be adapted to the business operations and managed reliably. To ensure business success, it is usually necessary to do more than just process payment transactions. A loan with interest linked to the 3-month EURIBOR and a liquidity account are useful additions to the business account.

The foreign currency account

Anyone doing business outside the eurozone may have to make payments in a different currency. This can entail a considerable exchange rate risk. The solution: LBBW's foreign currency current account allows you to make cashless payments in all common currencies. Depending on currency developments, you can choose when to convert incoming payments and thus take advantage of the account's exchange rate hedging effect.

The liquidity account

In addition to the business account, LBBW offers you the liquidity account for investing surplus liquidity. The liquidity account is purely an investment account for legal entities. It allows daily access to your deposits with fee-free account management and attractive interest rates.

Euro Clearing

With a euro account, banks can process global payment transactions for their corporate customers efficiently and cost-effectively. In this process, euro clearing, companies only need to set up a corresponding euro account with LBBW. This simplifies cross-border transactions and minimizes payment risks. At the same time, Euro Clearing accelerates necessary reconciliations and simplifies liquidity management.

A word about SEPA and SWIFT

Every company wants to process its banking transactions securely and quickly. With the changeover to SEPA - Single Euro Payments Area - as the standard, cross-border payment transactions have become more transparent, simpler and faster thanks to standardized credit transfers, direct debits and card payments. 36 countries in the eurozone are now participating in SEPA. With LBBW's expertise, the same speed of payment processing is also possible outside the eurozone: thanks to the secure and reliable SWIFT for Corporates network.