Skip to content
◆ClearingPost

RPS

ACH

Retail Payment System - Germany's domestic clearing for SEPA payments. Operated by the Deutsche Bundesbank. One of the three largest retail payment systems in the euro area alongside STEP2-T and CORE(FR).

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether RPS is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for RPS.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

  • Data updateRPS average daily value increased to ~€19.1B (2025, Bundesbank; €4,871.5B/yr)
    ~€19B (2024, Bundesbank Annual Report) changed to ~€19.1B (2025, Bundesbank; €4,871.5B/yr)
    recorded 6 Sep 2026 · Deutsche Bundesbank: Zahlungsverkehrs- und Wertpapierabwicklungsstatistiken Juli 2026source ↗

Sources ClearingPost reads Deutsche Bundesbank · Authoritative (T1) · 12 of 16 fields carry a source and a recorded date · latest sourced entry recorded 22 Sep 2026 · evidence details ↓

Record · RPS

Country
Germany (DE)
Currency
Euro (EUR)
Operator
Deutsche Bundesbank
Type
ACH
Operating Window
07:00–18:00 UTC · Mon–Fri
Year Established
2003
Tier?
Tier 1
ISO 20022?
Native
Region
Europe
Settlement Type?
Net
Participants
137 direct (end-2025, Bundesbank)
Avg Daily Transactions
~31.7M (2025, Bundesbank; 8,078.7M transactions/yr)
Avg Daily Value
~€19.1B (2025, Bundesbank; €4,871.5B/yr)
Availability
TARGET business days
Notes

Updated Procedural Rules for SEPA-Clearer (RPS) take effect 15 November 2026. As published, they reject unstructured payer and payee address data with error code XT33 in SCT and SDD (not SCC) from 16 November 2026, with a 13-month transition allowing unstructured data in R-messages for original transactions processed before 15 November 2026. The EPC Payment Scheme Management Board decided on 9 September 2026 to delay the scheme-level 15 November 2026 unstructured-address end date and will set a new date in October 2026, so the RPS XT33 start date may be revised. Previous procedural rules update took effect 5 October 2025.

Deutsche Bundesbank official website →
Reference Sources
Deutsche Bundesbank
Authoritative (T1)Entry recorded Mar 15, 2026
Status →Participants →Fees →
See all ACH systems →See all systems in Germany →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
T2 / TARGETRTGS
Eurozone · EUR · ECB / Eurosystem
SEPA SCTACH
Eurozone · EUR · EPC / CSMs
SEPA SDDACH
Eurozone · EUR · EPC / CSMs
SEPA InstFPS
Eurozone · EUR · EPC / RT1 / TIPS
EURO1Hybrid
Eurozone · EUR · EBA Clearing
CHAPSRTGS
United Kingdom · GBP · Bank of England

Operations · RPS

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.