CSOB - Foreign and Domestic Foreign Exchange Payments

transfers in foreign currencies and CZK to the credit of clients of foreign payment service providers,
transfers in foreign currencies to the credit of clients of another domestic payment service providers.

CSOB executes these transfers to the debit of current accounts of clients held with CSOB on the required due date of the payment order of clients under performance of the following conditions:

proper infilling of payment order in accordance with the GBTC and product terms and conditions,
delivery of the payment order by the deadline determined by CSOB,
providing sufficient disposable funds for execution of the payment transaction and the respective fees in the client’s account,
fulfilment of other terms and conditions as may be stipulated in the legal regulations.

All charges relating to the execution of these transfers you can find in the valid Price list.

For transfers to EU/EEA member states (EU member states and Norway, Iceland, Liechtenstein) in currencies of EU/EEA member states it is mandatory to fill in with effect from November 1, 2009 these parameters:

beneficiary’s account number in the IBAN format,
beneficiary’s provider in the BIC code,
SHA charge code (the payer/beneficiary will bear the fees of his provider).

CSOB provides special prices on SEPA transfers under performance of the following conditions:

in EUR,
up to max. amount of 50 000 EUR,
within the EU/EEA member states (EU member states and Norway, Iceland, Liechtenstein) and Switzerland,
beneficiary’s account number in the IBAN format,
beneficiary’s provider in the BIC code,
SHA charge code,
no specific requirements for processing.

CSOB also provides special rates on so-called STP transfers (i.e. automated processed transfers) under performance of the following conditions:

delivery of the payment orders via electronic distribution channels,
beneficiary’s provider in the BIC code,
no specific requirements for processing.

Transfers from abroad and in foreign currencies in the Czech Republic

Cashless transfers of funds to the credit of clients CSOB through the ČSOB foreign correspondents:

by order of clients of foreign payment service providers in foreign currencies and in CZK,
by order of clients of another domestic payment service providers in foreign currencies.

CSOB executes these transfers to the credit of beneficiary´s current and saving accounts held with CSOB under performance of following conditions:

receipt of the cover on CSOB account held with the relative correspondent bank, receipt of the payment instructions by the intermediary bank,
beneficiary’s account number in the IBAN format or beneficiary´s account number in standard format and the beneficiary´s name (both data have to be in compliance).

All charges relating to the execution of these transfers you can find in the valid Price list.

CSOB provides special prices on SEPA transfers under performance of the following conditions:

in EUR,
up to max. amount of 50 000 EUR,
within the EU/EEA member states (EU member states and Norway, Iceland, Liechtenstein) and Switzerland,
CSOB as a beneficiary´s bank in the BIC code (i.e. CEKOCZPP),
beneficiary’s account number in the IBAN format,
SHA charge code,
no specific requirements for processing.

For more information please see the guide on non-documentary payments.

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