Clean Payments (CP) represent the most widely used form of cross-border transfer. They are used for payments of commercial nature (resulting from commercial export and import activity) and non-commercial nature (e.g. pensions, child maintenance, gifts, etc.). Poštová banka carries out sent and incoming clean payments.
Conditions for carrying out outgoing CP
- the bank carries them out in domestic currency or in foreign currencies specified in its list of exchange rates from accounts in domestic or foreign currency of its clients - remitters
- remitter submits a payment order (PO) to the bank in writing (on the form of the bank at branches) or in electronic form (through the Internet banking).
Outgoing CP into the countries of EEA*
In the event of outgoing CP into the countries of EEA*, where conditions of CP in EUR currency, being up to the amount of EUR 50,000, with selected SHA charges, while remitter's account is specified in IBAN form and, at the same time, BIC of the remitter's bank is specified are met, remitter shall pay charge for this CP much lower than with other CP - see Charge list.
*EEA countries: Belgium, Bulgary, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Netherlands, Ireland, Iceland, Lichtenstein, Lithuania, Latvia, Luxembourg, Hungary, Malta, Germany, Norway, Poland, Portugal, Austria, Romania, Slovak Republic, Slovenia, Spain, Sweden, Italy, Great Britain.
Submitted PO must include the following information:
- exact name of the remitter and his account number with Poštová banka,
- exact name and account number of beneficiary,
- name and registered office of beneficiary,
- amount and currency of payment,
- instructions related to charges (BEN, OUR, SHA),
- due date,
- signature (signatures) of remitter,
- word and corresponding numerical designation of the purpose of payment - payment title (PT).
Validity of data specified in the order is a prerequisite for correct payment abroad. In the event of uncertain instructions or invalid data, the bank is entitled to return the payment, or require charges for complaint - specification of invalid data, or completion of data.
The bank carries out outgoing CP under condition the remitter has sufficient fund on his account for the payment and for settlement of charges (charges of Poštová banka or other banks, pursuant to the remitter's order to be specified in PO - BEN, OUR, SHA).
In the event remitter does not have sufficient funds on his account to make outgoing CP and charges, his payment becomes pending (max. 10 days).
Periods of processing
after submitting PO at the branch, or sending PO through the Internet banking
- before 1:00 PM, CP sent is made by D+2 value, with SP in EUR currency - D+1,
- after 1:00 PM, CP sent is made by D+3 value, with SP in EUR currency - D+2.
On demand of selected clients, the bank makes urgent CP sent, i.e. by D+1 value, under condition of sufficient covering on nostro accounts of the bank, or with urgent CP sent in EUR currency - with D+0 value.
Conditions for carrying out incoming CP
- the bank will credit incoming CP in favour of client's account on the value date of foreign bank, if payment order from foreign bank is received before 3:00 PM; payment orders received after 3:00 PM, they are processed on the next day after receiving the payment with value of foreign bank
- in the event of incomplete or inaccurate data, received payment proceeds into complaint proceeding and the date when payment is credited to client's account can be extended
In order to have transfer of funds from abroad and their crediting in favour of client's account free of troubles, it is necessary to announce payment instruction to remitter:
- account number (in form of IBAN from European Economic Area countries), his name and address,
- Poštová banka, a. s., Bratislava, Slovakia (swift code = BIC code of bank = POBNSKBA, with USD payments - CHIPS UID 337 951),
- correspondent bank (bank where Poštová banka has nostro account of respective currency),
- purpose of payment - payment title.