SEPA payment

A SEPA payment shall be any euro payment within the EEA that meets the following requirements:

  • payment made in EUR currency
  •  the Beneficiary's account number is entered in the international IBAN format
  • banking fees are shared by “SHA”
  • the participating bank is a member of the SEPA system.

Any conversion of foreign currency shall be made according to the bank's current exchange rate list. 

ADVANTAGES OF SEPA PAYMENT

  • speed – the payment is credited to the Beneficiary's account immediately, or at the latest on the following banking day
  • no additional costs – the payment is made in full, i.e. the Beneficiary's account is always credited with the full amount of the transfer, the Beneficiary's banking fees are charged separately (i.e. SHA fee)
  • end-to-End reference – the payment contains fields to identify the payment (e.g. for the invoice number)

SEPA PAYMENT FORMS

  • instant payment
    • payment credited to Beneficiary in seconds
    • the maximum limit per outgoing payment shall be EUR 50,000
    • import/upload of payments is not possible (on offer from the end of 2025)
  • express payment
    • payment with no limit on the amount, credited to the Beneficiary the same day
    • if the payment is not covered, the bank waits 5 banking days for the funds
    • import/upload of payments is possible
  • standard payment
    • payment without limitation as to amount, 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
    • import/upload of payments is possible
  • standing order (for a fixed/variable amount)
  • SEPA direct debit

 

SEPA PAYMENT IN INTERNET AND ELECTRONIC BANKING

SEPA payments can be made via the following products:

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

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