Foreign Payment

A foreign payment is any payment in a foreign currency that is not a SEPA Credit Transfer and meets the following requirements:

  • payment in foreign currency within the Czech Republic and abroad or payment in Czech koruna abroad
  • the beneficiary's account number is entered in the international IBAN format, or the local account number format (BBAN) may be used if allowed by the beneficiary's bank
  • the name of the beneficiary's account is provided
  • the beneficiary's bank is identified by an international BIC code
  • bank fees can be charged to the party ordering the payment, the beneficiary or shared as for SEPA Credit Transfers

Any foreign currency conversion is carried out according to the bank's current exchange rate list.

ADVANTAGES OF FOREIGN PAYMENTS

  • flexibility – payment can be made worldwide
  • variability – management of bank fees – at the expense of the party ordering the payment, beneficiary or shared charges, i.e.:
    • SHA fees are paid by each party to its bank
    • OUR all fees are paid by the sender of the payment
    • BEN all fees are paid by the beneficiary (outside the EEA only)

 

FORMS OF FOREIGN PAYMENTS

  • express payment (coming soon)
    • payment with no amount limit, credited to the beneficiary no later than the following banking day
    • if the payment is not covered, the bank waits 5 banking days for the funds
  • standard payment
    • payment with no amount limit, credited to the beneficiary usually within two banking days
    • if the payment is not covered, the bank waits 5 banking days for the funds
  • standing order (for a fixed/variable amount)

FOREIGN PAYMENTS IN INTERNET AND ELECTRONIC BANKING

Standard foreign payments can be made through the following products:

  • Online Banking
  • Smart Banking
  • BusinessNet Professional
  • Eltrans 2000 (Gemini 5.0)
  • MultiCash
  • EuropeanGate

In addition to Online Banking and Smart Banking, the bank also enables bulk import of payments in all the above-mentioned channels.