Domestic payment operations
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.
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
SEPA Direct Debit is a non-cash direct debit in EUR within the SEPA area, initiated by the beneficiary based on a prior agreement between the SEPA Direct Debit beneficiary and its payer (the so-called Mandate). The requirements, including the type of SEPA Direct Debit used, are part of the agreement. SEPA Direct Debit has precisely defined requirements and is only carried out between banks supporting:
Standard Foreign Payment
A foreign payment is a non-cash transfer of foreign currency within the Czech Republic, or a transfer of any currency (including the Czech koruna) abroad if SEPA Credit Transfer cannot be used for payment. Transfers are arranged through our wide network of correspondent banks.
When processing payments, the bank adheres to the Payment System Cut-Off Times.
