Creating collection agreement
How to use this window
Use this window to create a collection agreement to the debit of a CZK (Czech crowns) or foreign currency current account. All users with access to the account (both adults and children) can create collection agreements within the MojeBanka Business application.
By creating a collection agreement, the account holder or an assignee allows the counterparty (i.e. the payment beneficiary) to draw funds from his/her own account (i.e. transfer funds from the holder’s account to the beneficiary’s account) up to the limit of the individual payment (the payment limit is defined by the party creating the collection agreement). The limit of the individual payment can be set up to the total daily subject limit. If the total daily subject limit is exceeded, creating the collection agreement will not be permitted.
The requirement for creating the collection agreement is subject to multiple/multilevel authorization according to the following rules:
| User | The subject has not set the multiple/multilevel authorization | The subject has set the multiple/multilevel authorization |
| Holder - natural person - non-business | Able to fully authorize individually. | Able to fully authorize individually. |
| Holder - natural person - business | Able to fully authorize individually. | Able to fully authorize individually. |
| Statutory representative - legal entity | Able to fully authorize individually up to his/her total daily account limit. When exceeding the account limit, the requirement is saved in the "for authorization" status. | The requirement is always subject to multiple/multilevel authorization. |
| Assignee | Able to fully authorize individually up to his/her total daily account limit. When exceeding the account limit, the requirement is saved in the "for authorization" status. | The requirement is always subject to multiple/multilevel authorization. |
Currencies of the permitting and collecting accounts must be the same. In case the collection agreement is in a foreign currency, the collecting contra-account must be a KB account.
The limit of an individual payment is not limited in time (such as one day). It is a limit of an individual payment.
The number of direct debit payments can be restricted by setting a frequency other than unlimited. This value specifies after how many days from the last processed direct debit another direct debit payment associated with the direct debit mandate can be made.
The user must inform the counterparty that the collection order has been created. In case of creating a general collection agreement, the bank will not inform holders of contra-accounts. The account holder is always liable for ensuring that sufficient funds to carry out the collection agreement are available in his account. If not, the direct debit mandate will not be executed and the account holder is liable for potential sanctions from the side of subjects requesting the payments.
Description of the window and its elements
| Element | Description | ||||||||
| Account number | Account number (own, debited account) - collection agreements will be debited from this account. | ||||||||
| Beneficiary´s account number | Beneficiary's account number (credited account) - collection agreements will be credited to this account. This account will receive funds. Some account numbers may contain an ante-number separated from the account number by a hyphen. This hyphen shall be typed only if at least four digits follow. Some account numbers contain two hyphens. The first hyphen separates the ante-number from the proper account number; the second hyphen (usually at the fourth position from the right) is a part of the account number. Do not enter the second hyphen! Examples:
|
||||||||
| Bank code | Beneficiary's account bank code. Only banks within the Czech Republic can be selected. | ||||||||
| Single payment limit | Limit of individual collection payment. | ||||||||
| Frequency | see List of direct debit agreements | ||||||||
| Valid from | Date from which the collection agreement is permitted. The next business day at the earliest. You can choose the date using the associated calendar. |
||||||||
| Valid until | Date until which (which business day, inclusive) the collection agreement is to be permitted. You can choose the date using the associated calendar. |
||||||||
| Note | Use this field to enter details of collection agreement permission. This field is not transferred to the beneficiary's account. It is only displayed in direct banking systems. | ||||||||
| Save for authorization button | Use this button to save the requirement to create a collection agreement in the "for authorization" status. You can authorize the requirement later in the Collection agreements for authorization window. | ||||||||
| Sign and send... button | Press this button to open the Creating collection agreement - authorization window, enabling you to check entered data of the order, to sign and send the order to the bank for processing. | ||||||||
| Back button | This button is displayed only if called up from Collection agreements for authorization. Use this button to display the Collection agreements for authorization window. Changes will not be saved. | ||||||||
| Save changes button | This button is displayed only if called up from Collection agreements for authorization. Use this button to save the changes in the requirement for creation of a collection agreement. |
Answers to frequently asked questions concerning the window
Can an assignee or statutory representative of a legal entity create a collection agreement in the MojeBanka Business application?
Yes. An assignee or statutory representative of a legal entity can create a collection agreement in the MojeBanka Business application.
MojeBanka Business