SEPA payment

How to use this window

Use this window to enter payments in EUR to SEPA area. SEPA payments can only be made from a current account (both CZK and foreign currency). SEPA payments can be used for foreign (cross-border) payments in EUR or for payments in EUR within the Czech Republic (both outside KB and to KB accounts). You can enter more detailed identification details of the debtor and creditor in SEPA payments to be sent to a so-called SEPA compatible bank ( these data usually depend on the agreement between the debtor and creditor). A SEPA-compatible bank is a bank that accepts SEPA payments with all optional SEPA payment data. Fees for SEPA payments are always shared between the payer and beneficiary (SHA type).

Latest times for sending SEPA payments in order to keep the due date of the current Business day:

Mode of payment processing	Latest time to be sent (Business day)
Urgent	14:00
Express with conversion* outside KB	17:00
Express without conversion	20:30
Express with conversion* within KB	20:30

*) Express with conversion – the debtor's account currency is different from the payment currency.

The table does not include payments to the target bank of KB Bratislava. Payments to the target bank of KB Bratislava received by 15:00 will be paid into the creditor's account right on the current business day; otherwise, they will be paid in on the next business day.

The guaranteed period for crediting of a SEPA payment to the beneficiary’s account is 1 business day from the due date specified in the SEPA payment (with considerations to national calendars).

Until 11:00 am, urgent SEPA payments will be processed with additional SEPA information (payment reference and optional identification data) only if the SCT purpose category-Description field contains the "SEPA" phrase.

Note: If a newly opened account is used, the active operation may be executed no sooner than after two Business days from opening. Rates used in Currency converter are only for information and not binding.

SEPA payments enter the system of multi-round processing of orders.

Note: In case the currency of the payment is different from the currency of the beneficiary’s account, the beneficiary’s bank may convert it to the beneficiary’s account currency using the exchange rate of the beneficiary’s bank.

Description of some terms (such as Header, Notifications, variable and others symbols etc.) can be found in the glossary or in FAQ.

Description of the window and its elements

Element	Description
From account	Number of the payer's account.
Use template	Drop-down list of templates for SEPA payments. When you select a template name, its data will be added in both the first and second parts of the view. List of templates (includes option to create new templates) is available on the Payment order templates window.
Account name	The name of the debited account holder.
IBAN	Payer´s IBAN account.
IBAN	The number of the credited account. The IBAN format must be used for SEPA payments. Click here to learn how to enter the account number in the IBAN format..
Name	The name or company name of the payment beneficiary.
Street (P.O. BOX)	Street (P.O. BOX) Street or P.O. BOX of the payment beneficiary.
City, ZIP	City, ZIP of the payment beneficiary.
Country	Select beneficiary's country.
Enter BIC/SWIFT code / Select from list	Select the mode of entering the SEPA payment beneficiary's bank: If "Enter BIC/SWIFT code" is selected, the bank can be entered using its unique international code. If "Select from list" is selected, the specific bank can be selected using the wizard that will open by pressing the Select bank button.
Select bank button	Press this button to open the Bank selection window. After making a selection, the beneficiary's bank details will be filled in on the SEPA payment window.
BIC / SWIFT code	Code used for unique identification of a specific bank. BIC / SWIFT code is always entered using 8 or 11 chars. When 8 characters have been entered, the code will be suffixed with "X" letters to complete 11 characters. Example: DEUTDEFFXXX.
Country	Country of beneficiary's bank.
Name	Name of beneficiary's bank.
Town	Town of beneficiary's bank.
Street	Street of beneficiary's bank.
Amount	Transferred amount in EUR.
Currency	Select the currency to perform the payment in. SEPA payments can only be entered in EUR.
Approximate amount in account currency	Once the amount have been entered, the approximate amount in your account currency converted using the KB middle exchange rate will be displayed.
Account for charges	Account number for recording fees relating to a foreign payment.
Urgent payment	Check this option to process the SEPA payment as "Urgent", otherwise, it will be processed as "Express". Express – the payment will be credited to the beneficiary's bank account the Business day immediately following the due date. Urgent – the payment will be credited to the beneficiary's bank account on the due date. A fee specified in the Tariff of Komerční banka applies to urgent processing.
Due date	Date when bank starts processing the order. It is possible to enter SEPA payments with an advance due date of up to 364 days in advance. You can choose the date using the embedded calendar.
Remittance information	Phrasal payment description. In case the “/VS/” string appears in the field, the up to ten digits that follow will be put in the variable symbol of the order. Example: If you enter /VS/1234567890 in the Purpose of payment field, the value 1234567890 will be saved in the variable symbol field.
E2E reference	Payment reference (so-called END2END) - its specific value depends on the agreement between the debtor and creditor.
SCT purpose	This, as well as the constant symbol, will be used for identification of the payment by the creditor. Description - Send as non-structured information Code - Send as structured information
SCT purpose category	Use this option to identify payments. If you enter the "SEPA" phrase in the SCT purpose category-Description field, urgent SEPA payments entered by 11:00 am will be processed with additional SEPA information (payment reference and optional identification data).
Debtor's identification Creditor's identification Ultimate Debtor's identification Ultimate Creditor's identification	Details of identification of the debtor and creditor - its specific values depend on the agreement between the payer and beneficiary.
Save as template button	Press this button to display the Modification of SEPA payment template window to be able to save order data in a template for future use.
Save for authorisation button	Press this button to save the order to the Orders for authorisation list (to be signed and submitted for processing later).
Sign and send... button	Press this button to open the SEPA payment - authorisation window, enabling you to check data, sign and submit an order for processing.

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