Foreign payment with indiv. FX

How to use this window

Use this screen to enter and change a foreign payment with individual FX rate. Only own purchased FX funds can be used for payment. A foreign payment with individual FX rate can only be entered without conversion.

Using the Foreign payment with indiv. FX screen, a payment in foreign currency or in CZK to a foreign account or a payment in foreign currency to another bank in the Czech Republic can be entered or amended.

"Urgent" payments (the value date is the same as the entered Due date), or "Express" payments (the value date is the day following the entered Due date) can be entered. The value date is the date of recording to accounts of another bank at KB or to accounts of KB at another bank; the Due date is the date Komerční banka records the order to the payer's account at KB. Urgent payments can be created in selected currencies only. Payments to KB Bratislava may be sent as "Express" only. Payments in any of the currencies shown in the list can be created as express. Note that for AUD and JPY, the value date is postponed by two days from the due date due to the different time zones.

For details about foreign payment transactions, see https://www.kb.cz/en/individuals/accounts/cash-payments-checks. This page also provides information about payments in CNY and payments to Russia in RUB (including the sample order).

Note: If 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.

The status of orders can be checked on the List of orders with indiv. FX window.

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

Bought FX funds.

Use template

Drop-down list of templates for SEPA payments and foreign 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

Owner of the product – contract allowing for implementation of orders with an individual FX rate.

Use purchased FX funds in currency

Currency of the purchased FX funds used for payment.

Pay by cheque

If this box is checked, the creditor will be sent a cheque and the payment will not be sent to the entered account.

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 the list / Enter manually

Select the mode of entering the foreign 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.
If "Enter manually" is selected, the beneficiary's bank details must be filled in manually in the fields.

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 Foreign payment window.

Country

Country of beneficiary's bank.

Name

Name of beneficiary's bank.

Town

Town of beneficiary's bank.

Street

Street of beneficiary's bank.

Additional bank code

National clearing code (NCC) for distinguishing banks within each country. The NCC code must be entered in a specific format. It is used particularly in the following countries (see the table):

Country	Clearing code name	Number of digits	Format / structure
Canada	National Routing Code(s): Transit	9	CC123456789
Germany	German Bankleitzahl	8	BL12345678
Austria	Austrian Bankleitzahl	5	AT12345
Switzerland	Swiss Clearing Code	3-6	SW123-4-5-6
UK	Sort Code	6	SC123456
USA	Fedwire Routing Number	9	FW123456789
If the beneficiary’s account number is entered in the IBAN format, the NCC code need not be entered in payments to Germany, Austria, Switzerland and UK.

Amount

Transferred amount in the selected currency. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY). If a very low amount is entered and the fee type is set to BEN, the bank may reject the order because the payment amount may be lower than the fee.

Currency

The payment currency must be the same as the currency of the purchased FX funds.

Account for charges

Account number for recording fees relating to a foreign payment.

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 foreign 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.

Save changes button

Press this button to save the changes and return to the List of orders with indiv. FX or Orders for authorisation with indiv. FX window. This button is only available when making changes to orders with "awaiting authorisation" or "partially authorised" status.

Save as template button

Press this button to display the Modification of foreign 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 with indiv. FX list (to be signed and submitted for processing later).

Sign and send... button

Press this button to open the Foreign payment with indiv. FX - authorization window, enabling you to check data, sign and submit an order for processing.

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 or e-mail.

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)
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 Foreign payment form.

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