Domestic payment system
UniCredit Bank is very particular about the reliability and speed of remittance of payments. This is why the transfers between UniCredit Bank accounts are credited without any undue delay. The same also applies to incoming payments from other banks, which are credited to the accounts of clients without any undue delay after receipt from the clearing centre of the Czech National Bank. Domestic payments may be easily remitted by way of eBanking products offered by our Bank.
Domestic payment means a wire transfer in Czech crowns between accounts denominated in Czech crowns and kept in the Czech Republic.
Euro payments were launched in the European Union countries and in the countries of the European Economic Area; it refers to cross-border payments in euros to the tune of EUR 50,000.
Standard international payment
A standard international payment is a cross-border transfer to a country outside the European Economic Area (EEA) or a transfer in a currency other than the currency of EEA countries. Transfers are made by way of a wide network of correspondent banks.
A SEPA payment is a wire transfer of funds in euros entered electronically in favour of the beneficiary’s bank. The prerequisites of a SEPA payment are strictly defined; this payment is made within the SEPA payments between the participating banks which acceded to the conditions for SEPA payment processing (PDF, CSV).
It was launched on 28 January 2008 and since then more than 4,577 banks in 32 countries have joined the SEPA initiative, which is over 95% of payment transactions in SEPA countries. UniCredit Bank Czech Republic and Slovakia, a.s. was one of the first banks in the Czech Republic which started offering its clients SEPA payments.
SEPA direct debit
Businessmen and consumers have been enjoying cross-border direct debits across 33 European countries since the end of 2008. It can be used if both the sender’s bank and the beneficiary’s bank have acceded to the SEPA direct debit. It is a direct debit payment in euros initiated electronically by the beneficiary by way of the beneficiary’s bank based on a prior agreement with the sender (the so-called Mandate). The prerequisites including the type of SEPA direct debit used form a part of the agreement between the sender and the beneficiary. Direct debits are mostly used for repeated payments of fixed or variable amounts, but they can also be made on a one-time basis.