SEPA Payments in EUR

• SEPA stands for Single Euro Payments Area 
• SEPA comprises Member States of the EU, Norway, Iceland, Lichtenstein, Switzerland, Monaco, and San Marina
• All SEPA payments are subject to same fee – irrespectively of whether the creditor’s bank is SEPA reachable (i.e. whether it adopted SEPA rules); fees for all incoming SEPA payments are determined accordingly
• Payments must be submitted on a SEPA payment form
• SEPA payments are also available between two KB accounts
• Payment is credited to creditor’s account on the following business day after the due date
• SEPA payments may be submitted until 8:30 pm – with due date on the given day
• It is possible to include additional information in a payment order – such information will be transferred in the original form to a creditor – for payments to a SEPA reachable bank (i.e. bank that has adopted SEPA rules)
• SEPA payment orders are available as one-off orders or it is possible to import batches with KB direct banking solutions – via MojeBanka Business, Profibanka, and Direct Channel in the XML format or via MultiCash KB in the CCT format
• SEPA payments must meet the following requirements:
  • Payment in EUR without any limitations of amounts
  • Creditor’s/debtor’s account within a SEPA area country
  • Creditor’s account number entered in IBAN format
  • Amount transferred between the accounts in full
  • Debtor and creditor pay their respective banks’ fees (i.e. SHA/SLV fee type)

No need to enter the BIC/SWIFT code of the creditor’s bank for SEPA payments to the SEPA area. SEPA payments within the bank are newly available – with special low fees, similarly as SEPA payments to our Slovak branch. 

It is possible to enter additional data for SEPA payments:

• If your business partner’s bank is SEPA reachable, it is possible to use not only the E2E reference field to identify your SEPA payments, but newly also the Purpose field
• For detailed identification of the debtor, creditor, ultimate debtor and ultimate creditor, you can use identification of an individual or organisation
• Organisation may newly be identified with a BIC / SWIFT code as well

Urgent payments

If you wish to transfer additional payment details (e.g. E2E reference, payment purpose, debtor’s/ultimate debtor’s identification, creditor’s/ultimate creditor’s identification) or you need, for whatever reason, the SEPA payment to be credited to the creditor’s account in XML format (it may be required by your foreign business partner, for example), then submit the payment by 11:00 am, select the “Urgent payment” checkbox and fill in the code word “SEPA” in the field SCT category purpose – section Description.

If you do not need to enter additional payment details and you only care about the creditor’s account being credited today, simply select the “Urgent payment” checkbox and submit the payment by 2:00 pm.

General Business Terms And Conditions

Payment Settlement Cut-off times

Notice on the Payment System

Information about IBAN and BIC

SEPA payment order manual (Czech version only)

Corporate News in payments

IBAN Calculator

• SEPA payment order (2 MB, PDF)
• SEPA payment order manual (Czech version only) (468 kB, PDF)
• SEPA payment order – deitailed (2,5 MB, PDF)
• Standing order to SEPA payment (108 kB, DOC)
• Standing order to SEPA payment – cancelation (109 kB, DOC)