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Domestic payments in cash
Domestic payments in cash transactions are designed for:
all KB clients
What are Domestic payments in cash transactions?
Domestic cash payment transactions allow you to make cash withdrawals from Komerční banka accounts and pay financial obligations by depositing cash, in crowns or foreign currencies, to KB accounts. KB also accepts cash deposits to CNB accounts, KB Všeobecná stavební spořitelna accounts and Komerční banka Pension Fund accounts. Cash deposits cannot be cancelled or reversed.
Benefits of Domestic payments in cash:
- deposit is immediately credited to the KB client’s account
- payment slip serves as confirmation of payment
- deposits can also be made using the night safe or sealed packages – allowing you to avoid long queues at cash counters
- deposits in sealed packages can be arranged at all KB business locations
- deposits through the night safe can be made outside business hours
Domestic payments in cash allow you to
Deposit cash to an account
Cash deposits can be made at all KB business locations carrying out cash operations in the following three ways:
- at cash counters – you can deposit both crowns and foreign currencies at KB cash counters; only those foreign currencies listed on the KB foreign exchange list are accepted, at nominal values determined by the bank
- night safe – the night safe is a depository with a drop in facility,where clients can deposit cash packages outside branch business hours
- sealed packages – cash deposits in sealed packages are primarily used by clients depositing large volumes of cash; sealed packages are only accepted during branch business hours
Both legal entities and physical entities – entrepreneurs can make cash deposits using the night safe or sealed packages on the basis of a contract with the bank.
Withdraw cash from accounts
Cash withdrawals are subject to the relevant terms and conditions for the given
account. Clients can use Komerční banka personal cheques to withdraw cash from
current accounts at all KB business locations. Clients can also withdraw cash from
current accounts at their home branch using withdrawal slips, up to CZK 500,000
inclusive.
For cash withdrawals from CZK 100,000 (inclusive) or the equivalent in a foreign
currency, the bank must be notified of the planned withdrawal beforehand:
- 2 working days prior to a withdrawal in Czech crowns
- 5 working days prior to a withdrawal in a foreign currency
Stricter measures apply to cash withdrawals from CZK 500,000 (inclusive) or the equivalent in a foreign currency.
Carry out foreign exchange operations
The purchase and sale of foreign currencies on the KB foreign exchange list in exchange for Czech currency is not limited. The bank provides foreign exchange services for its clients, but also all other interested parties. For information, if the foreign cash operations are provided by a particular point of sales, contact toll free KB info line 800 111 055.
How can I obtain this product?
If you are interested in learning more about this product or if you would like to apply for this product directly, please contact your bank advisor or call the KB toll free line 800 111 055.
