SEPA instant payments

SEPA instant payments are entered in the same way as standard SEPA payments and can only be authorized by an authorized person. In conjunction with the recipient verification service, clients can be more confident that they are sending funds to the intended recipient.

SEPA instant payments can be submitted via the Profibanka application on a separate form or in batches, by importing batches of orders in XML format or via the Payment Initiation Service.

On the SEPA payment form, select the "Instant payment" checkbox.

Yes, and it is possible to select any processing mode – online batch mode, continuous mode, and batch mode. An order marked with the Instant Payment option (when importing, it is necessary to enter the code word "INST" for each individual payment in the section <PmtInf><CdtTrfTxInf><PmtTpInf><SvcLvl><Cd>INST</ Cd>) is automatically processed online as an individual payment regardless of the selected processing mode and is not subject to multi-cycle processing.

Payments can be sent from a current account held in EUR.   

There are no restrictions on sending batches; the same number of payment orders can be sent in a batch as at present, i.e. 2,000 orders for all accounts within a single entity per business day, regardless of the selected processing mode.

A SEPA instant payment can be entered for a maximum amount of EUR 100,000, regardless of whether it is entered on an online form, imported into Profibanka, or sent via the Payment Initiation Service. At the same time, the amount of the SEPA instant payment entered must be within the agreed Entity Limit.

It is possible to set a maximum limit for an individual SEPA instant payment order (not exceeding EUR 100,000) or a maximum daily (cumulative) limit for all SEPA instant payments, which can be set up to the Entity Limit. These limits are not cumulative, but only one of them can be set, not both at the same time.

Individual limits are exhausted and then reset at 8:30 p.m. on business days, except on Fridays, when individual limits remain in effect until 8:30 p.m. on Mondays.

The fee for a SEPA instant payment is the same as the fee for a standard SEPA payment.
The fees are shared, i.e. the payer and the payee each pay the fees to their own bank.

A SEPA instant payment is executed to banks that have joined the SEPA instant payment scheme, can be submitted without any time limit, and the payment will be processed within a few seconds.  

A SEPA priority payment is an accelerated SEPA payment that can be submitted to KBSK by 2 p.m. on a given business day. Such payments are executed via the SIPS payment system and via the pan-European STEP2 clearing system within the individual processing cycles of these systems on the same business day as the payment was submitted.

EuroPlatba is a real-time payment that can only be submitted to KBSK in paper form by 3 p.m. on the given business day, and the payment is executed on the same business day as it was submitted..

The client receives information about the payment being credited to the recipient's account based on a message delivered to the bank from the recipient's bank. In Profibanka, the overview of sent SEPA instant payments will display the current status of the SEPA instant payment after it has been updated, which can be:

• Booked – the SEPA instant payment has been credited to the recipient's account (a credited SEPA instant payment immediately reduces the available balance on the account, the Entity Limit, and the limits on SEPA instant payments, if set),
• Rejected – the SEPA instant payment has not been credited to the recipient's account.

Unless the bank refuses to process a SEPA instant payment for technical reasons, a SEPA instant payment may be rejected most often for the following reasons:

• inability to establish a connection with the recipient's bank or the payment infrastructure involved in processing the payment,
• the recipient's bank is not a participant in the SEPA instant payment scheme,
• the recipient's account is closed or blocked at the recipient's bank. 
  
  

The bank will inform you if a SEPA instant payment is rejected. If it is not possible to send a SEPA instant payment, you can repeat the payment or submit a standard or priority SEPA payment.

A SEPA instant payment cannot be revoked after authorization.

A SEPA instant payment can be authorized in the Profibanka application or via the KB Skyline service by an authorized person in a similar way as for standard SEPA payments.  

SEPA instant payment received

• on a given business day before 8:30 p.m. - the payment is posted immediately in real time. The payment is displayed on the account statement for the same business day. 
• on the given business day after 8:30 p.m. or outside business days - the available balance is immediately increased/decreased; in the case of an outgoing SEPA instant payment, the funds by which the available balance is reduced cannot be used and the payment is posted during night processing on the following business day. The payment is shown on the account statement on the following business day.
• with a forward maturity date that is a business day - the available balance is reduced on the maturity date. The payment is shown on the account statement for the same business day.
• with advance maturity on a day that is not a business day - the available balance is immediately reduced, the funds cannot be used, and the payment is processed during night processing on the following business day. The payment is shown on the account statement on the following business day.
  
  

For SEPA instant payments, the statement shows the description "OUTGOING SEPA INSTANT PAYMENT" or "INCOMING SEPA INSTANT PAYMENT".