A standing payment order is used to set automatic payments, in the same amount and at regular intervals.
Description of specific fields
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.Account to be credited
The beneficiary's account is in the following format: the prefix contains a maximum of six digits while an account number has up to ten digits. Some financial institutions separate the last three digits with a dash. When entering an account number please do not enter the dash.
Bank code
You can enter the bank code either manually (the system will check whether the specified code exists or not), or choose it from the list.
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.
The first payment
Please specify the day when the relevant amount should be regularly debited from your account. The next possible due date is automatically pre-set (current or next working day). You can change the date by using the calendar icon or enter it in the DD.MM.YYYY (e.g. 09.12.2008) or D.M.YYYY (e.g. 1.5.2015) format. The entered date may occasionally be a non-working day; e.g. a payment on each 20th day of a month will be made on that day. However, if the 20th day falls on Saturday, Sunday or a holiday (i.e. non-banking day) in a month, the payment will be made the next working day.
Frequency
In the frequency box you can choose whether the payment should be made on a daily, weekly, monthly, quarterly, half-yearly or yearly basis. As soon as the date of the first payment and the frequency are selected, text information (regarding how the payment will be made), will be clearly displayed beside the box, e.g. “each 12th day of a month.”
Terminating the standing payment order validity
Here you can choose the deadline by which the payment should be made. As it is optional data to specify such a date you do not have to enter it (the field is left blank). Subsequently, the payment order will be executed until you cancel it or set the date of the last payment.We recommend that you should set the date using the calendar, which should be five days after the required date of the last payment. This way, you can prevent the payment order from being cancelled if the last payment due date falls on a weekend or state holiday, or if there are insufficient funds in your account.
You can also set the termination date of the standing payment order according to the specific number of payments. Then enter it in the “Specify the day based on the number of payments/instalments” item.
Optional data
Variable Symbol
The acronym VS is used to describe the Variable Symbol. This is a ten-digit number. The variable symbol is used to identify a payment.
Constant Symbol
The acronym CS is used to describe the Constant Symbol. This is a four-digit number. You can enter it either manually or choose from the list. It is very important to enter the constant symbol for payments that are used to direct the balance of payment of the Czech Republic and payments both in detriment or in favour of the state budget (Decree No. 514/2002 Coll. as subsequently amended). You will receive the relevant constant symbol from the beneficiary (the competent office or institution, e.g. Tax Authority) but the entry of this code is your responsibility (ČSOB does not have to check whether the constant symbol is entered and whether it is correct or not).
Specific Symbol
The acronym SS is used to describe the Specific Symbol. It is a ten-digit number used to specify a payment.
Message
You can add a message for the beneficiary. It will be written both in your and their account statement.
Name of the standing payment order
To provide for better identification of standing payment orders, please give a specific name to each payment order.
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 on the screen to confirm that we have received your payment request. 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.