Saman Bank Niederlassung Frankfurt products, services and reviews

About Saman Bank Niederlassung Frankfurt

Saman Bank Niederlassung Frankfurt is the Frankfurt branch of Saman Bank, an Iranian bank, positioned primarily for corporate clients rather than mass‑market retail. The branch’s activity centers on cross‑border payments and trade‑related services where permitted by law, including corporate accounts for eligible businesses, documentary trade finance (letters of credit, guarantees, and collections), and foreign exchange for transactional needs; payment execution typically relies on correspondent networks and may include SEPA and SWIFT where available. Onboarding is document‑intensive, with enhanced KYC/AML checks, sanctions screening, and source‑of‑funds verification; onboarding timeframes and transaction processing can be longer than at domestic German banks, especially for higher‑risk corridors. Pricing tends to follow relationship‑based corporate schedules, with account fees, payment charges, documentary handling fees, and FX spreads that can widen for less liquid currency pairs and destinations. The branch operates under the German Banking Act and is subject to supervision by BaFin and the Deutsche Bundesbank, and all activity must comply with EU and German sanctions and export controls, which can affect service availability, counterparties, and routings; product scope can change as regulations evolve, so written confirmation of current capabilities is advisable. Online and remote channels are geared to business users, typically in German and English, with cut‑off times and funding requirements set by the branch and its correspondents. Prospective clients should verify deposit protection arrangements and any membership in a statutory German deposit guarantee scheme before placing funds, confirm payment routing and cut‑off times in writing, and assess whether the branch’s limited local footprint and reliance on relationship managers align with their transaction volumes and geographic exposure.