SEPA payments

• a transfer executed in EUR within the SEPA area (including transfers between the accounts of clients of Komerční banka Slovakia),

• mandatory account identification  for payer and beneficiary (account number in IBAN format),

• fee type SHA (The systems of Komerční banka Slovakia use the expression SLV) – each party pays their own bank’s fees,

• the payment is transferred to the beneficiary’s bank account within a guaranteed period, no later than the day following the due date of the payment order,

• A SEPA payment can also be entered as a priority payment, in which case the payment is credited to the account of the beneficiary’s bank on the same business day as the payment order’s due date,

It is also possible to use additional identification codes for payments, which are transmitted to the beneficiary without modification:

• a payment reference (End to End (E2E) reference) including insertion of the variable (VS), specific (SS) and constant (KS) symbols in the form /VS[N10]/SS[N10]/KS[N4],

• additional information (Remittance Information),

• purpose of payment,

• identification of the payer, beneficiary, original payer, end beneficiary (name, address and identification data),

SEPA payments are processed using the payment systems SIPS (operated by Národná banka Slovenska) and STEP2 (operated by EBA CLEARING).

We implement SEPA payments based on:

• order for a single SEPA payment,

• batch order for SEPA payments,

• a standing order for payments in EUR.