Domestic Cashless Payments

• Domestic payments refer to cashless transfers - in CZK or foreign currencies – in KB or transfers in CZK to other banks in the Czech Republic, settled via the Czech National Bank
• Available to anyone with a KB account intended for payments
• Payments and direct debits in CZK or foreign currencies are executed immediately
• All payment orders may be submitted up to 364 days prior to the requested due date
• Payment orders and direct debits in the amount of up to CZK 500,000 may be placed in a Self-Service Box
• For direct debits within the bank, the payment currency must correspond to the account currency of both the direct debit debtor and creditor
• Payments may be submitted:
  • Online
  • Via imported batches in MojeBanka Business, Profibanka, Direct Channel or MultiCash KB

For express payments in CZK to other Czech banks, we guarantee the given amounts would be credited on the same business day, if submitted:

• Via direct banking systems as “express” by 2:30 pm on the given due date
• By means of a payment order in paper form at a branch and executed as “super express” by 1:00 pm on the given due date

Standing orders in CZK and foreign currencies are used for recurring transfers of fixed amounts in CZK or foreign currencies at a specific date and to an account of one payee

• Orders may be set up, modified or cancelled in direct banking systems or at a branch
• Paper orders for up to CZK 100,000 may be placed in a Self-Service Box
• Payment orders to another KB account may also be submitted in foreign currencies; only CZK orders are available if made to another bank  

We distinguish 3 types of automatic transfers:

• Transfer of excess balance with a specific date/time (sweep) – simply define a limit, date and time, and sweep parameters; if the given limit is exceeded on the specified date and time, the transfer takes place
• Transfer of excess balance without a specific date/time – specify the transfer limit and parameters; if the given limit is exceeded, the transfer takes place
• Transfer to maintain minimum balance – specify the transfer limit and parameters; if your account balance falls below the given limit, a transfer from another KB account is effected

SIPO payments may only be used for individual (personal) accounts.

• SIPO may be set up, modified or cancelled in direct banking systems or at a branch; paper orders may be placed in a Self-Service Box
• Payments are settled between the 11^th and 13^th day of each month; in case the account balance is not sufficient, second settlement attempt takes place between the 19^th and 21^st day of the month in question 

In a direct debit agreement, you specify a limit, payment frequency, and account that is authorised to make collections from your account.

• Payment takes place on the basis of creditor’s requests
• Direct debits may be set up, modified or cancelled in direct banking systems or at a branch; paper orders for up to CZK 100,000 may be placed in a Self-Service Box

Look how to set up direct debit in internet banking MojeBanka step by step.

Forms:

Payment order (PDF, 592 kB)

Multiple payment order in CZK (PDF, 585 kB)

Standing order (PDF, 1,39 MB)

Direct Debit Mandate (PDF, 960 kB)

SIPO Mandate (PDF, 732 kB)

Collection Order (PDF, 516 kB)

Documents to download:

General Business terms and conditions (PDF, 418 kB)

Notice on the payment system (PDF, 840 kB)

Domestic payment settlement (PDF, 119 kB)

Corporate News in payments (PDF,  1.5 MB)

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