Bank Sepah-Iran, Filiale Frankfurt products, services and reviews

About Bank Sepah-Iran, Filiale Frankfurt

Bank Sepah‑Iran, Filiale Frankfurt is the German branch of Tehran‑based Bank Sepah and operates in Frankfurt am Main under the supervision of BaFin and the Deutsche Bundesbank. The branch focuses on corporate and trade‑related banking, offering business current accounts, euro payments over standard German/EU rails, documentary trade finance (letters of credit, collections, guarantees), and limited foreign exchange in permitted currencies. Retail services and mass‑market digital banking appear limited or not offered. Onboarding is documentation‑heavy, with enhanced due diligence on ownership structures, supply chains, and goods classifications to meet EU/German AML, export‑control, and sanctions requirements; processing times can be longer and some client profiles may be declined. Transactions with any U.S. nexus are typically avoided, U.S. dollar clearing is generally unavailable, and counterparties or corridors can be constrained by evolving sanctions regimes, which may also cause sudden changes in service availability. Pricing for payments and trade instruments is provided on request and often depends on transaction risk and complexity; publicly available fee details are limited. Communication is primarily handled by relationship managers via email and phone, with a basic online presence and limited self‑service functionality. As a licensed branch in Germany, it is subject to local reporting and compliance obligations; clients should confirm deposit insurance eligibility and limits before placing funds. The branch primarily serves companies engaged in Iran‑related trade or other transactions where sanctions compliance is a material factor, rather than general commercial or retail banking needs.