Value of credit transfers in Germany
Value of credit transfers in Germany stood at 66,122,288 million euros in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Payment statistics table (Value · Annual), with a complete series running from 2023 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Payment statistics table
| Indicator | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Value of transactions | ||||
| Credit transfers | 66,122,288 | 63,400,124 | 62,604,783 | |
| Paper-initiated credit transfers | 4,473,064 | 4,480,762 | 4,439,143 |
Understanding value of credit transfers in Germany
The cumulative euro turnover routed through credit transfers reflects the gross financial settlement of customer-instructed payments. Measured in million euros, this series tallies the total monetary value transferred by resident payment service providers on behalf of non-bank clients, spanning commercial enterprise settlements, corporate treasury transfers, public sector disbursements, and consumer bill payments. It incorporates settlements initiated both via paper vouchers and through electronic communication rails. Excluded from this aggregate are direct debit collection values, card payment turnovers, cheque clearings, and purely interbank wholesale transactions executed for central bank reserve management.
Annual turnover sums filter out intra-annual calendar noise caused by quarterly corporate tax deadlines, annual dividend distributions, and end-of-year enterprise financial closings. Evaluating year-on-year changes across full annual figures offers a clear picture of overall payment turnover, avoiding the calendar-day imbalances present in shorter reporting periods. Revisions often occur when reporting credit institutions audit high-value commercial payment files or adjust transaction ledgers for foreign exchange conversions. Users should not confuse this nominal euro turnover with underlying transaction volume; large commercial and treasury transfers carry substantial weight in monetary totals, meaning broad movements in euro value can occur without any corresponding change in consumer transaction frequency.
Frequently asked questions
- Are interbank transactions between banks on their own behalf included in this value?
- Pure interbank wholesale market operations and central bank monetary policy transactions are excluded from customer payment statistics.
- How is foreign currency denominated transfer value handled in this series?
- Transfers initiated in foreign currencies through resident institutions are converted into euros at prevailing exchange rates for aggregate statistical reporting.
- How does this series relate to the number of credit transfers?
- This series measures the aggregate monetary value in million euros, whereas the transaction count measures the physical number of instructions executed.