Date: 15.03.2012 With what value date is my bank required to credit incoming transfers?
The value applied is the value on the date when the amount has reached the customer’s bank (section 675t (1) of the German Civil Code (Bürgerliches Gesetzbuch – BGB)). This applies even if the amount has been credited only subsequently – for example due to disruptions in data processing.
As a rule, the bank may not depart from this rule to the detriment of the customer (section 675e (1) BGB); for exceptions see section 675e (2) sentence 2 and (3) BGB.
