Special regulated payment
Special regulated payment is a payment order to/from the countries of the EU and the EEA that must comply to specified criteria, i.e.:
- Payment order currency and sum may not exceed EUR 50,000
- Beneficiary's account is in IBAN form
- Specified BIC (SWIFT) code of beneficiary's bank
- Foreign bank charges are borne by the beneficiary (SHA)
With special regulated payment, the payer (Tatra banka client) bears only the charges of their own bank and the beneficiary should not be debited foreign bank charges.
METHODS FOR SUBMITTING PAYMENT ORDERS
Client may submit a payment order:
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 account number
- Payer's bank code (Tatra banka: 1100)
- Beneficiary's account number / IBAN
- Beneficiary's name and address
- Beneficiary's bank code / BIC (SWIFT code) (Tatra banka: TATRSKBX)
- Payment order sum
- Payment order currency (EUR)
- Payment instruction (SHA)
- Maturity date
- Place and date of payment order execution
- Payer's signature
Optional data:
- Payment title (000 - Payments in EUR up to EUR 50,000 directed to the countries of the EU and the EEA)
- 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
| Transfer type | Submission... | Submission time (Cut off time) | Date of processing | Execution1 |
| Standard foreign payment | at the branch |
until 13:00 |
Same day |
Day of submission + 2 |
| electronically | until 14:00 |
Same day |
||
| Special regulated payment | at the branch | until 13:00 | Same day | Day of submission + 2 |
| electronically | until 14:00 | Same day | ||
| Payment in EUR currency from an EUR currency account in favour of the RZB Group clients | at the branch | until 13:00 | Same day | Day of submission |
| electronically | until 14:00 | Same day | ||
| Payment in CZK in favour of the Raiffeisenbank, Praha clients | at the branch | until 13:00 | Same day | Day of submission + 1 |
| electronically | until 14:00 | Same day | ||
| Inter-bank transfers with currency conversion | at the branch | until branch's closing hours | Same day | Day of submission |
| electronically | until 14:002 | Same day | ||
| Express payment in EUR | at the branch | until 13:00 | Same day | Day of submission |
| electronically | until 14:00 | Same day | ||
| Express payment with currency conversion | at the branch | until 9:30 | Same day | Day of submission3 |
| electronically | until 9:30 | Same day |
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
In case the payment meets the conditions determined for a special regulated payment it will be charged as a domestic payment.
Currently valid charges are available in the Service Charges.
