Payment order in foreign currency

How to use this window

Use this window to enter single payment orders in foreign currency within Komercni banka or single domestic payment orders in CZK paid from foreign currency accounts.

Use payment orders in foreign currency for the following kinds of payments:

from current accounts in CZK to foreign currency accounts of the other party within Komercni banka
from foreign currency current accounts and savings accounts to foreign currency accounts within Komercni banka
from foreign currency current accounts to accounts in CZK within the Czech Republic
from a term account in foreign currency and to a term account of the other party within the framework of its subject, accounts must be in the same currency
from a term account in foreign currency and to a current account of the other party within the framework of its subject, accounts must be in the same currency

You can only use payment orders for payments from current accounts added to the Internet operation in the contract of the mojebanka service and owned by their users or those that the user was assigned to operate by another person in this contract.

It is possible to enter a payment order with an advance due date of up to 364 days advance.
Before the due date, orders with advance due date are displayed in the List of orders list with the "waiting" status. On the due date, orders are processed as standard orders and their status will change.
Limits are decreased at the moment of sending the order to the bank (i.e. on the day of creation).
No additional check of limits is performed on the due date (the check was performed when sending the order to the bank). This means that much more than the daily subject limit (or limit of assignee) can be cleared from operated accounts when more orders with the same due date accumulate.

To be sure that the order will be processed the same banking day, the bank must receive it by 08:30:00 PM at the latest.

Payment orders in foreign currency sent to the bank at a time of direct inaccessibility of the internal bank system (approx. between 08:30:00 PM and 3 am) will be processed after the system is accessible again. Current exchange rates for currency conversions may have changed during this process. This means it is not recommended to send payment orders in foreign currency between approx. 7 pm and 3 am.

Note: for payment orders in foreign currency with advance due date, exchange rates valid on the due date will be used for conversion. This rate is announced by CNB at approx. 6 am and may differ (significantly) from the present rate.

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	The number of the payer's foreign currency current account or current account in CZK (in case of payment to a foreign currency account) selected in the upper frame drop-down list. The payment will be debited from this account. Compulsory field.
Transfer amount in the currency of payer's account	Select this option to specify that the amount in the beneficiary's account currency will be calculated from the amount and payer's account currency entered here, using the exchange rate list valid at the moment of accepting the order for processing. Decimal comma is used as a decimal separator, not decimal point. The thousand separator is not used. Up to two decimals can be entered. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY).
Or amount in the currency of beneficiary's account	Select this option to specify that the amount in the payer's account currency will be calculated from the amount and beneficiary's account currency entered here, using the exchange rate list valid at the moment of accepting the order for processing. Decimal comma is used as a decimal separator, not decimal point. The thousand separator is not used. Up to two decimals can be entered. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY).
Beneficiary’s currency	A drop-down list for choosing the beneficiary's account currency. Compulsory field.
Charge in payer's account currency	A charge for currency conversion in the payer’s account currency. It is an approximate value. If the charge is zero, this field is not displayed.
Convert button	Press the button to start conversion to the beneficiary’s account currency (or payer’s) and calculate the approximate charge for conversion.
From template	Use this drop-down list to select an order template or enter data of the payment related to the beneficiary defined under the template name.
Currency converter button	Press to open a window enabling conversion of the amount between the payer's account currency and any other currency, including the charge. The results can be moved to appropriate fields of the order form.
Save as template button	Press to create a new Order template and associate filled-in data of the payment with this template. Enter a new template name in the window that opens upon pressing this button. You will then return to the form.
Save for authorization button	After filling in all necessary data of the order, press this button to add it to the Orders for authorization list. You have to send the order to bank from this list within ten 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 Payment order in foreign currency - authorization window enabling you to check entered data of the order, to sign and send the order to bank for processing.
Save changes button	This button will only be displayed if you opened the window to modify an order from the Orders for authorization list. Press to save changes and return to the list.
Back button	This button will only be displayed if you opened the window to modify an order from the Orders for authorization list. Press it to move to the list.

Answers to frequently asked questions concerning the window

Why can’t I pay from a term account on its maturity date?

You can make a payment from a term account on its maturity date, however, only within the frame of a single subject. You can also create a payment order from a current account to a term account (it must be executed on the maturity date of the term account). It is also possible to send a payment order between two term accounts (however, both accounts must mature on the same date). You cannot send batch orders in which one of the accounts is a term account. The accounting system of the bank will reject such a batch.

From which account will the charge for the payment be charged?

The charge will be cleared from the debit account, i.e. from the account from which the payment is made. The charge is accounted from the debit account if the payment is made from a foreign currency account to a CZK account or from a CZK account to a foreign currency account. The charge will be zero for payments from a foreign currency account to an account in the same currency.

Can I set an order to be processed, for example, after 10 days?

Yes, you can enter advance due dates to the Due date field.

What due date shall I enter if I want to pay with money that I expect to come on a certain date?

There is a difference between entering an order online or in a batch. Online entered orders are checked against the balance after completing the night clearance of the accounting banking day preceding the due date, i.e. against the balance valid in the morning hours of the due date. Let us assume you expect money to come to your account on Friday 21 June and you want to pay a tax with this money. In this case you need to enter the payment order with the due date of 24 June (Monday), since this online order will be checked on Saturday 22 June morning against the account balance (Saturdays and Sundays are tied to Monday accounting days). Of course, this order will be cleared with the date of 24 June in KB. In case you enter the due date of 21 June, the account balance will be checked on Friday 21 June morning and the order will be rejected due to insufficient funds, because the money you expect will come later during the day (if sent online) or at the end of the day - in the night clearance (if sent in a batch).Orders entered in a batch will be checked against the balance in the night clearance on their due dates. This means you could enter the due date of 21 June (Friday) in the above-mentioned example, if sent in a batch order.In addition, the whole issue is complicated by the rule that if 20th, 25th or the last day of a month is not a banking day, extra clearance (processing) is performed during the weekend. Therefore, it may happen that you will have an online order with the rejection date of Saturday 29 June evening in rejected orders (online orders with the following (Monday) due dates will be checked against the account balance after extraordinary clearance).

Why can’t I see all my accounts in the upper frame drop-down list?

The upper frame drop-down list shows only accounts added to the Internet operation in the contract of mojebanka service and owned by the user or those that the user was assigned to operate by another person in this contract. This means that the accounts that you cannot see must have been defined not to be operated through mojebanka service in the contract.

How do limits work on non-banking days?

The "banking day" term used throughout this help means days that end in night processing (booking). This means Saturdays and Sundays together with the following Mondays are considered single banking days. Similarly, holidays are tied to the nearest upcoming banking days.Limits are restored on banking days between 6 and 7 pm, according to the actual closing of the day by the bank system.

Notification of payment

How to use this window

Use this window to enter a single notification of payment to up to 5 addressees via SMS, e-mail or fax.

Description of the window and its elements

Element	Description
Payment notification	Conditions for sending notifications (at processing, if rejected, always at processing or if saved for authorisation).
Recipient	Drop-down list of notification recipients. A list of recipients (includes option to add new recipients) is available on the List of addresses screen.
Method	Method of sending notifications (SMS, e-mail, fax)
Number / address	For SMS and fax methods: this field specifies the telephone number to which notifications will be sent (numbers of international operators cannot be entered; numbers shall be set without the +420 prefix). For the e-mail method: this field specifies e-mail address to which notifications will be sent.
Language	Select the language in which notifications will be sent.
Link: New recipient	Click on this link to add another line to enter a new notification recipient.
Link: Remove	Click on this link to remove a notification recipient.
Cancel notifications	Use this option to cancel notifications set for the payment order and hide extension of the Payment order in foreign currency form.

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