> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-5-transfers-of-funds-within-the-union.md).

# Article 5 — Transfers of funds within the Union

1. By way of derogation from Article 4(1) and (2), where all [payment service providers](https://www.mica.wtf/definitions/definitions/tofr/payment-service-provider) involved in the payment chain are established in the Union, transfers of [funds](https://www.mica.wtf/definitions/definitions/tofr/funds) shall be accompanied by at least the [payment account](https://www.mica.wtf/definitions/definitions/tofr/payment-account) number of both the [payer](https://www.mica.wtf/definitions/definitions/tofr/payer) and the [payee](https://www.mica.wtf/definitions/definitions/tofr/payee) or, where Article 4(3) applies, the [unique transaction identifier](https://www.mica.wtf/definitions/definitions/tofr/unique-transaction-identifier), without prejudice to the information requirements laid down in Regulation (EU) No 260/2012, where applicable.
2. Notwithstanding paragraph 1, the [payment service provider](https://www.mica.wtf/definitions/definitions/tofr/payment-service-provider) of the [payer](https://www.mica.wtf/definitions/definitions/tofr/payer) shall, within three working days of receiving a request for information from the payment service provider of the [payee](https://www.mica.wtf/definitions/definitions/tofr/payee) or from the [intermediary payment service provider](https://www.mica.wtf/definitions/definitions/tofr/intermediary-payment-service-provider), make available the following:
   1. for transfers of [funds](https://www.mica.wtf/definitions/definitions/tofr/funds) exceeding EUR 1 000, whether such transfers are carried out in a single transaction or in several transactions which appear to be linked, the information on the payer or the payee in accordance with Article 4;
   2. for transfers of funds not exceeding EUR 1 000 that do not appear to be linked to other transfers of funds which, together with the transfer in question, exceed EUR 1 000, at least:
      1. the names of the payer and of the payee; and
      2. the [payment account](https://www.mica.wtf/definitions/definitions/tofr/payment-account) numbers of the payer and of the payee or, where Article 4(3) applies, the [unique transaction identifier](https://www.mica.wtf/definitions/definitions/tofr/unique-transaction-identifier).
3. By way of derogation from Article 4(4), in the case of transfers of funds referred to in paragraph 2, point (b), of this Article, the payment service provider of the payer need not verify the information on the payer unless the payment service provider of the payer:
   1. has received the funds to be transferred in cash or in anonymous electronic money; or
   2. has reasonable grounds for suspecting [money laundering](https://www.mica.wtf/definitions/definitions/tofr/money-laundering) or [terrorist financing](https://www.mica.wtf/definitions/definitions/tofr/terrorist-financing).


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