The most common operation to transfer money to banks outside the Czech Republic or in foreign currencies between banks in the Czech Republic. Based on the entered data, the Smart Payment form will automatically recognise what payment type to use. We distinguish: Domestic payment within the Czech Republic (abbreviated as DPS – Domestic Payment System)
- SEPA payment in Euro within EU and the European Economic Area (abbreviated as SEPA)
- Foreign payment in any currency and to any country, when using SEPA is not necessary. (abbreviated as FPS – Foreign Payment System)
Description of individual fields of payment
Type of Payment
Mainly affected by the payment currency and beneficiary country.
Entering data using a template
If you have any templates of payment orders saved, you can use them to enter a payment order automatically.
Account to be debited
Please choose an account from which you would like to make a payment. Here you will find all the accounts connected to electronic banking.
Amount
The amount to be transferred must not have more than twelve digits with two decimal places separated by a decimal comma or dot. We will notify you if the entered amount exceeds your available account balance.
Currency
For domestic payment, CZK (Czech crown) currency is pre-set from the list. For foreign payment, the currency must be selected. Depending on the combination of the currency and the beneficiary’s bank country, the form will automatically adapt to either a SEPA payment or to a regular foreign payment.
Due date (maturity)
The due date is the day when the relevant amount should be debited from the account. Always the nearest possible due date is pre-set, either the current or the next applicable banking day. However, you can enter other than the pre-set date. Simply enter it in the field, or choose the option by clicking the calendar icon next to the field.
Please enter the date in the DD.MM.YYYY (e.g. 09.12.2008) or D.M. YYYY (e.g. 1.5.2015) format. If you enter the date incorrectly, we will send you an error message. If the date does not meet the required (permitted) parameters, the order cannot be sent.
In the case of a domestic payment, the Instant Payment and the Priority Payment options are also available. In the case of a foreign payment, the Beneficiary’s Bank Country field is displayed.
Beneficiary’s Bank Country
Based on the beneficiary country, we will evaluate the payment type and pre-complete it in the beneficiary’s bank address.
Into an account
Enter the account, into which you want to send the payment, in the correct format.
For a SEPA payment, the account number must be entered in IBAN format.
For a regular foreign payment, the account number must be entered in the format you obtained from the payment beneficiary.
Beneficiary’s Name
For SEPA payment and regular foreign payment, the payment beneficiary’s name and surname must be entered.
Beneficiary’s Address
For payments in USD or CAD or to the USA or Canada, it is necessary to complete the address as precisely as possible. In the case of Canada or CAD, it is required to enter the full address of the beneficiary: street name, no., city, province/state, country. In the case of the United States of America or payment in USD, the beneficiary’s address in the USA also contains a US state code (two-digits, e.g. AK). If necessary, look at the details. In the case of incorrect completion, there is a risk of the payment not being made or the costs associated with completing the data to additionally increase.
SWIFT/BIC
For a regular foreign payment, it is necessary to fill in the international bank code. For payments outside the European Economic Area, the bank may also be identified by name and address. In such case, you may check the option Unknown SWIFT/BIC and fill in the name and address of the bank in the Beneficiary’s Bank fields.
Beneficiary’s Bank
This is an optional data, and the bank country is transferred from the Beneficiary’s Bank Country in the first section of the form.
Purpose of payment
You must specify the purpose of payment to inform the beneficiary because it is mandatory data. We recommend that you specify the purpose of payment in the language which is in banking practice used as a standard, i.e. in English.
If the purpose of transfer is not specified in English and if it is understandable neither for the beneficiary, intermediary bank nor beneficiary's provider we will not be responsible for any potential failure to process the transfer by intermediary banks and the beneficiary's provider or for any additional costs.
Reference
This field is sometimes called as “End to End Identifier.” Information that you provide here (a maximum of 16 characters) will be displayed in the account statement or an advice for both of you, i.e. you and the beneficiary.
Identification
It is an equivalent of variable symbol in domestic payments; it is used to identify the payment. We will display it both for the payer and the beneficiary.
Expenses
The charge code specifies who will pay fees to intermediary banks for sending a payment. You can choose one of three options in the drop-down menu:
- OUR - all fees are paid by the payer,
- BEN - all fees are paid by the beneficiary,
- SHA - the payer's bank fees are borne by the payer, other fees are borne by the beneficiary (each pays to his bank).
To make payments to EU/EEA countries in their currencies you must enter the SHA code (each pays to his bank) that is automatically set in the “Expenses” field without the possibility to overwrite it.
Both the payer and the beneficiary are always charged fees for payments in foreign currencies according to the applicable Price List regardless the charge code (OUR, BEN or SHA) specified by the client.
How are payments abroad and in a foreign currency in the Czech Republic made
A fee is collected from the payer according to the relevant Price List. If the client specifies OUR or SHA charge code the payer is not charged any fee. If the client specifies the BEN charge code the payment to be credited to the client will be reduced by the fee in accordance with the terms of payment).
Enter instructions for my bank
If you need to give additional instructions to your bank, check this option and a text field will be made available for you to enter information, e.g. about processing at a contractual exchange rate.
The minimum amount for negotiating individual courses for Individuals is 1,000 EUR. For other currencies and cross rates, a minimum equivalent of 1000 EUR applies (upon prior agreement with the Client Center). More information can be found in the Terms and Conditions.
The minimum amount for arranging individual courses for natural persons doing business and legal persons is 5,000 EUR. You can find more information here.
Optional data SEPA Payments
Original payer
Tick if you need specify the original payer in detail that is different from the payer.
Original payer's name
This is a field used to enter the name of the original payer.
Information regarding the original payer
Additional information/identification of the original payer (e.g. address, ID No., personal document number).
Final beneficiary
Tick if you need specify the original beneficiary in detail that is different from the beneficiary of the payment.
Name of the final beneficiary
This is a field used to enter the name of the final beneficiary.
Information on the final beneficiary
Additional information of the final beneficiary (e.g. address, registration/tax no., personal document number).
Confirmation of payment remittance (“authorization”)
Payment remittance needs to be confirmed by authorization method (Smart key, SMS key, certificate).
If you set up the “Simplified authorization” for selected payments (payments up to CZK 500, payments to trusted accounts, transfers between your own accounts), just click on “Confirm”, further authorization is not required.
Sending a payment
After successful authorisation, a message is displayed to confirm that we have received your request for sending the payment. You can save the confirmation to your PC by choosing “Save as” or print it by using the “Print” option.
We can also send you a confirmation of your request for an outgoing payment by SMS or email.
You can save your payment order as a template
If you want to use the payment data (payment order) for subsequent payments, please save it as a payment template. Please note that the template is saved without the due date. If you use a template you must always add the relevant due date.