How can I submit an express payment and what are the deadlines?

• Express payments refer to quick payments made to payees’ accounts in other banks that can be submitted via your Internet and mobile banking by 2:30 pm on a business day (or 1:00 pm at a branch) and will be credited to an account of the payee’s bank on the same day.
• It is a good alternative in situations, when a payee’s bank does not support instant payments or when you make a payment to a payee, whose bank supports instant payments; however, you need to transfer more than CZK 400,000 at once.
• You can use express payments to transfer any amount to an account in any bank in the Czech Republic. Express payments may be executed as individual payments to a single payee, but are also useful for making payments to several payees at the same time if you need such payments to be executed quickly – they can be submitted as bulk payments or exported from your accounting system and transferred as a payment batch import.

• Express payments (both outgoing and incoming) are supported by all banks in the Czech Republic. Instant payments are presently only supported by selected banks.
• In order to guarantee that funds are credited to a payee’s account on the same day, you must submit your payment order within a certain time limit – specifically by 2:30 pm via Internet or mobile banking and by 1:00 pm at a branch in Komerční banka. Moreover, express payments are remitted on business days only. Instant payments are processed continuously – you can thus submit them at any time, including weekends and bank holidays, and payees will see them in their disposable account balance right away.
• Express payments are sent for processing in batches – this means that several payments are always sent to a payment system together, at 30-minute or 1-hour intervals (however, on business days from 8:00 am to 2:30 pm only). Instant payments are sent for processing individually and are processed immediately – i.e. payees receive them sooner.
• Express payments are useful for businesses that make several payments at once, as they can be submitted as a payment batch import. Instant payment orders may only be submitted for individual payments.
• We do not apply any surcharge for instant payments to the basic domestic payment fee. Express payments are associated with a surcharge of CZK 100 to the basic domestic payment fee (depending on the account type, from which a payment is made, it is either free or amounts to CZK 6).
• You can transfer up to CZK 400,000 in a single instant payment transaction; express payment amounts are not limited in any way.
• Express and instant payments refer to domestic payments in CZK transferred from CZK bank accounts to third-party banks in the Czech Republic.

Different terms and conditions may apply to international payments. For more information, see the How long does an international bank transfer take? chapter.