Standard Foreign Payment

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

  • payment in any foreign currency (according to the bank's current exchange rate list)
  • the beneficiary's account number does not have to be entered in the international IBAN format (not valid for EEA countries where it is required), i.e., the local account number format, BBAN, is also allowed
  • the name of the beneficiary's account is provided
  • the name of the beneficiary's bank is provided, the beneficiary's bank is identified by the BIC code only for countries that require it (especially EEA countries)
  • bank fees can be charged to the party ordering the payment, the beneficiary or shared as for SEPA Credit Transfers
  • processed by SWIFT clearing
  • payment may include a request for special processing (individual exchange rate, etc.)

Standard Foreign Payment benefits

 

  • 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)

 

Foreign Payment in internet and electronic banking

Standard Foreign Payments can be made through the direct and electronic banking channels:

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

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