Domestic payment system
Domestic payment means a wire transfer in Czech crowns between accounts denominated in Czech crowns and kept in the Czech Republic.
When processing payments, the Bank respects the Payment Deadlines.
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.
SEPA payment
A SEPA payment shall be a wire transfer in EUR within the SEPA area. A SEPA payment has its own defined requirements and shall be carried out between banks that have agreed to the terms of SEPA payment processing, which is currently the vast majority of European banks.
When processing payments, the bank complies with the Payment Services Deadlines.
SEPA direct debit
Since the end of 2008, businesses and consumers have been able, for the first time ever, to use cross-border direct debiting across 33 European countries. This service may be used if the payer’s bank and the beneficiary’s bank have both acceded to the SEPA Direct Debit Scheme. A SEPA direct debit is a euro-denominated noncash payment initiated electronically by the beneficiary through its bank on the basis of a prior agreement with the payer (the so-called “Mandate”). The agreement between the payer and the beneficiary must contain the required particulars, including the type of SEPA direct debit used. Direct debits are most often used for recurrent payments with a fixed or variable amount, but a one-time direct debit can also be made.
List of Core SEPA Direct Debit participant banks (PDF, CSV).
List of B2B SEPA Direct Debit participant banks (PDF, CSV).
