Standing order in CZK

How to use this window

Standing payment orders are used for repeated payments of fixed amounts on fixed dates from a current account to fixed beneficiaries’ accounts. In KB, the beneficiary’s account can be a current or savings account, or, under certain conditions, a term account. From accounts in CZK, amounts in CZK can be transferred to other banks within the Czech Republic.

A user may create up to 250 standing orders for a single account.

The earliest date of opening a standing order can be D+2 (D is the banking day on which the standing order would be authorized), the latest date can be set to up to 364 days in advance.

A standing order with a daily period will only be executed on banking days. If the bank carries out accounting also on bank holidays, then the standing order will be executed even on this bank holiday.

A standing order entered to the credit of the term account must have the same period as the term account.

If multiple/multilevel authorization is set, this window applies for the creation or changing of a standing order.

  • Account holder – natural person (non-business) always executes authorization himself.
  • Account holder – natural person (business) always executes authorization himself.
  • Statutory representatives and mandatories always execute authorization according to rules of multiple/multilevel authorization, regardless of their limits in accounts.

    • Cancelling of a standing order is not subject to multiple/multilevel authorization - any user can cancel a standing order regardless of the rights set within the framework of multiple/multilevel authorization.

    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
    Account number Number of the payer's current account selected in the upper frame drop-down list. The standing order will be debited from this account. Only a current account in CZK (Czech crown) can be selected for standing payment orders in CZK. Compulsory field.
    From template Drop-down list of templates for orders in CZK. When you select a template name, its data will be filled in the standing order in CZK. A list of templates (includes the option to create new templates) is available on the Order templates window.
    First payment date The date of execution of the first standing order payment. The first payment date must be at least the third day from the current day (inclusive). This is the system default date. Compulsory field .
    Note: If the beneficiary's account is a term account, the opening date of the standing order must correspond to the term account maturity date, i.e. the term account must be due (open) on that date.
    You can choose the date using the associated calendar.
    Termination date The date until which the entered standing order will be effective (inclusive). Terminated orders will be displayed in the History of SO changes window for 31 days from the termination date. Optional field.
    You can choose the date using the associated calendar.
    Payment period Use this option to select the required period of payment. Compulsory field.
    Forbidden CS button Press the button to open a window with the most frequently used constant symbols.
    Payment description A text message for the payer to be able to easily identify the order. The text will be in the bank statement. This description will be displayed to the beneficiary too. Optional field. Enter only characters without extensions such as hooks, rings and accents, i.e. no national characters.
    Save as template button Press this button to display the Modification of order template window to be able to save the standing order data in a template for future use.
    Save for authorization button After filling in all necessary data of the standing order, press this button to add it to the Orders for authorization list. You have to send the order to the bank from this list within 30 days, otherwise it will be deleted. Orders are typically added to the Orders for authorization list when users want to create more orders first and then sign and send them at once or when users do not have sufficient limits to send orders.
    Sign and send... button Press this button to open the Standing order in CZK - authorization window enabling you to check entered data of the order, to sign and send the order to the bank for processing.
    QR payment You can upload payment order via QR code. Common supported formats: pdf, spayd, png, jpg, jpeg, gif, bmp.

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