Foreign payment

How to use this window

A foreign payment can be used for payment from a current account of which the user is the owner or for whose administration the user was authorised by the account owner. At the same time, administration via the MojeBanka Business service must be permitted for the account. The payment can be made from a current account in CZK or foreign currency.

Using the Foreign payment screen, a payment in foreign currency or in CZK to a foreign account or a payment in foreign currency to another bank in the Czech Republic can be entered or amended.

"Urgent" payments (the value date is the same as the entered Due date), or "Express" payments (the value date is the day following the entered Due date) can be entered. The value date is the date of recording to accounts of another bank at KB or to accounts of KB at another bank; the Due date is the date Komerční banka records the order to the payer's account at KB. Urgent payments can be created in selected currencies only. Payments to KB Bratislava may be sent as "Express". Payments in any of the currencies shown in the list can be created as express. Note that for AUD and JPY, the value date is postponed by two days from the due date due to the different time zones.

Description of some terms (such as Header, Notifications, variable and others symbols etc.) can be found in the glossary or in FAQ.

Latest times for sending foreign payments in order to keep the due date of the current Business day:

Mode of payment processing Currency of payment Latest time to be sent
(Business day)(v Obchodní den)
Urgent HRK, HUF, PLN 10:00
Urgent RUB 11:00
Urgent CHF, CZK, DKK, NOK, SEK 13:00
Urgent EUR, USD, CAD, GBP 14:00
Expres with conversion* any 17:00
Expres without conversion* any 20:30

*) Express with conversion – the debtor's account currency is different from the payment currency.

The table does not include payments to the target bank of KB Bratislava. Payments to the target bank of KB Bratislava in EUR, CZK and USD received by 15:00 and payments in other currencies (with the exception of AUD, HRK and JPY) received by 14:00 will be paid into the creditor's account right on the current business day; otherwise, they will be paid in on the next business day.

For details about foreign payment transactions, see https://www.kb.cz/en/individuals/accounts/cash-payments-checks. This page also provides information about payments in CNY and payments to Russia in RUB (including the sample order).

Note: If the currency of the payment is different from the currency of the beneficiary's account, the beneficiary's bank may convert it to the beneficiary's account currency using the exchange rate of the beneficiary's bank.

All types of foreign payments are processed using the multi-round processing system. Transaction status can be verified on the List of orders window.

In transaction history, non-accounting data of recorded foreign payments are displayed in the following form:

  •    Message for payer: Beneficiary's account, KB reference and beneficiary's bank reference (rfKB rfJU account)
  •    Message for payee: Bank BIC/SWIFT code or the beneficiary's bank name and abbreviation of fee (bank fee)
  •    AV field: purpose of payment

    If a newly opened account is used, the active operation may be executed no sooner than after two Business days from opening.

    Information about conversion transactions: If a user enters a conversion transaction, the bank will use the exchange rate valid at the moment of effectiveness of the order, even in case it is settled within multi-round processing. The time of acceptance of the payment order by the Bank has no influence on the used exchange rate. For recording, the exchange rate valid at the moment of accounting of the order is used, so it could differ from the rate valid at the time of acceptance of the order. This means in case of insufficient funds during the day, when the order enters multi-round processing, the order can be recorded with a rate different from the rate valid at the moment of entering the order. If the user does not want to record the order with the later rate, he/she can cancel the payment in the status of awaiting processing and create it later, when there are sufficient funds in the account. A valid exchange rate list is available on the www.kb.cz website or directly in services of direct banking. The bank will account (settle) conversion transactions with future due dates and conversion transactions entered on the due date earlier than the beginning of a business day on their due date – using the exchange rate valid at the moment of processing, usually after 8:00.

    Description of the window and its elements

    Element Description
    From account Number of the payer's account.
    Use template Drop-down list of templates for SEPA payments and foreign payments. When you select a template name, its data will be added in both the first and second parts of the view. List of templates (includes option to create new templates) is available on the Payment order templates window.
    Account name The name of the debited account holder.
    Pay by cheque If this box is checked, the creditor will be sent a cheque and the payment will not be sent to the entered account.
    IBAN or account number Foreign payment beneficiary's account number (the order is credited to this account).

    For payments in EUR to countries within the SEPA area, the beneficiary's account number in the IBAN format is mandatory. See the description here.
    Name The name or company name of the payment beneficiary.
    Street (P.O. BOX) Street (P.O. BOX) Street or P.O. BOX of the payment beneficiary.
    City, ZIP City, ZIP of the payment beneficiary.
    Country Select beneficiary's country.
    Enter BIC/SWIFT code / Select from the list / Enter manually Select the mode of entering the foreign payment beneficiary's bank:

    • If "Enter BIC/SWIFT code" is selected, the bank can be entered using its unique international code.
    • If "Select from list" is selected, the specific bank can be selected using the wizard that will open by pressing the Select bank button.
    • If "Enter manually" is selected, the beneficiary's bank details must be filled in manually in the fields.

    Select bank button Press this button to open the Bank selection window. After making a selection, the beneficiary's bank details will be filled in on the Foreign payment window.
    BIC / SWIFT code Code used for unique identification of a specific bank. BIC / SWIFT code is always entered using 8 or 11 chars. When 8 characters have been entered, the code will be suffixed with "X" letters to complete 11 characters. Example: DEUTDEFFXXX.
    Country Country of beneficiary's bank.
    Name Name of beneficiary's bank.
    Town Town of beneficiary's bank.
    Street Street of beneficiary's bank.
    Additional bank code National clearing code (NCC) for distinguishing banks within each country. The NCC code must be entered in a specific format. It is used particularly in the following countries (see the table):
    Country Clearing code name Number of digits Format / structure
    Canada National Routing Code(s): Transit 9 CC123456789
    Germany German Bankleitzahl 8 BL12345678
    Austria Austrian Bankleitzahl 5 AT12345
    Switzerland Swiss Clearing Code 3-6 SW123-4-5-6
    UK Sort Code 6 SC123456
    USA Fedwire Routing Number 9 FW123456789
    If the beneficiary’s account number is entered in the IBAN format, the NCC code need not be entered in payments to Germany, Austria, Switzerland and UK.
    Amount Transferred amount in the selected currency. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY). If a very low amount is entered and the fee type is set to BEN, the bank may reject the order because the payment amount may be lower than the fee.
    Currency Select the currency to perform the payment in.
    Approximate amount in account currency Approximate amount in account currency Once the amount and payment currency have been entered, the approximate amount converted using the actual rate will be displayed.
    Fee Method of payment of costs for sending the payment incurred by Komercni banka, intermediary banks and the beneficiary's bank:

    • OUR – all fees paid by the payer.
    • BEN – all fees paid by the beneficiary.
    • SHA – payer pays his/her bank fees, beneficiary pays his/her bank and intermediary bank fees.

    The BEN fee type cannot be used under the following conditions:

    • country of beneficiary's bank belongs to the EEA (European Economic Area)
    • currency of a country belonging to the European Economic Area

    Account for charges Account number for recording fees relating to a foreign payment.
    Urgent payment Check this option to process the foreign payment as "Urgent", otherwise, it will be processed as "Express".
    • Express – the payment will be credited to the beneficiary's bank account the Business day immediately following the due date.
    • Urgent – the payment will be credited to the beneficiary's bank account on the due date. A fee specified in the Tariff of Komerční banka applies to urgent processing.
    Due date Date when bank starts processing the order. It is possible to enter foreign payments with an advance due date of up to 364 days in advance. You can choose the date using the embedded calendar.
    Remittance information Phrasal payment description. In case the “/VS/” string appears in the field, the up to ten digits that follow will be put in the variable symbol of the order. Example: If you enter /VS/1234567890 in the Purpose of payment field, the value 1234567890 will be saved in the variable symbol field.
    Back button Press this button to return to the List of orders or Orders for authorisation window without saving changes. This button is only available when making changes to a foreign payment.
    Save changes button Press this button to save the changes and return to the List of orders or Orders for authorisation window. This button is only available when making changes to orders with "awaiting authorisation" or "partially authorised" status.
    Save as template button Press this button to display the Modification of foreign payment template window to be able to save order data in a template for future use.
    Save for authorisation button Press this button to save the order to the Orders for authorisation list (to be signed and submitted for processing later).
    Sign and send... button Press this button to open the Foreign payment - authorisation window, enabling you to check data, sign and submit an order for processing.

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