Cross-border payment is a transfer of financial means:

• In EUR or in a foreign currency to/from a foreign country
• In a foreign country within the territory of the SR
• Inter-bank payment with currency conversion

PRODUCTS

Inbound transfers

Inbound transfers are transfers in EUR currency or in a foreign currency in favour of Tatra banka clients.

Data required for executing a transfer in favour of an account maintained with Tatra banka:

• IBAN / beneficiary's account number
Payment beneficiary's name and address
• BIC (SWIFT) code of Tatra banka: TATRSKBX
• Name and seat of bank: Tatra banka, a.s., Hodžovo nám. 3, 811 06 Bratislava 1, Slovak Republic
• Payment purpose

Outbound transfers

• Standard foreign payment - payment in a foreign currency to a foreign country or to other Slovak banks and in EUR currency outside the countries of the EU and the EEA. This group of payments includes also payments within the countries of the EU and the EEA exceeding EUR 50,000.
• Special regulated payment - payment up to EUR 50,000 in EUR currency within the countries of the EU and the EEA.
• Payment in EUR currency from an EUR currency account in favour of the RZB Group clients - payment in EUR currency from an EUR currency account of the payer in favour of a beneficiary's account maintained with any of the RZB Group banks. This payment is convenient for its processing period shortened by one business day and a 20% discount on the processing charge (compared to the standard cross-border payment charge).
• Payment in CZK in favour of the Raiffeisenbank, Praha clients - payment in CZK currency in favour of a beneficiary's account maintained with Raiffeisenbank Praha. This payment is convenient for its processing period shortened by one business day and reduction of the standard payment processing charge in terms of currently valid Service Charges
• Express payment - transfer enabling shortening of the standard processing period.

Inter-bank transfers with currency conversion

Inter-bank transfers with currency conversion are transfers within the bank executed in a foreign currency, or transfers where both the payer's and the beneficiary's account is not maintained in the same currency.

METHODS FOR SUBMITTING PAYMENT ORDERS

Client may submit a payment order:

• Via electronic banking services
• In person at any bank branch

TIP: We recommend you to execute payment orders via electronic banking services representing a cheaper, faster and more comfortable alternative compared to other options for submitting payment orders.

PAYMENT ORDER REQUIREMENTS

Payment order execution requires submitting the following:

Obligatory data:

• Payer's name and account number
• Payment order sum
• Payment order currency
• Beneficiary's account number / IBAN
• Beneficiary's name and address
• Beneficiary's bank BIC (SWIFT code)
• Beneficiary's bank name and address
• Payment title
• Maturity date
• Payment instruction - with payments within the countries of the EEA and in the currency of an EEA member state the payer bears the charges of the payer's bank and the beneficiary bears the charges of the beneficiary's bank (SHA)
• Information for beneficiary
• Payer's contact data
• Place and date of payment order execution
• Payer's signature

Optional data:

• Designation of priority in case of express payment
• Additional data / payment purpose

EXCHANGE RATES

Exchange rates applied in case of payment with conversion in the volume up to EUR 30,000 (or foreign currency equivalent):

• exchange rate pursuant to currently valid table of foreign exchange rates (foreign exchange buy, foreign exchange sell or cross rate, i.e. individual exchange rate ratio)
• individual exchange rate - can be arranged with the Treasury Division on the basis of an agreement on spot transactions or by using i:deal service
  

Exchange rates applied in case of payment with conversion in the volume over EUR 30,000 (or foreign currency equivalent):

• exchange rate of the following business day (foreign exchange buy, foreign exchange sell or cross rate, i.e. individual exchange rate ratio)
• individual exchange rate - can be arranged with the Treasury Division on the basis of an agreement on spot transactions or by using i:deal service

TIME PERIODS FOR SUBMITTING AND EXECUTING PAYMENT ORDERS

1) date of submission of account funding of submitting institution (in case of inter-bank transfer date of submission to the beneficiary's account)

2) 16:00 in case of transfer orders sent via Gemini and Multicash

3) in case of express payments in JPY, AUD, CHF, date of execution is day of submission + 1

CHARGES

Currently valid charges are available in the Service Charges.