The benefits of VÚB Bank
- extensive network of correspondent banks
- involvement in the SWIFT network
- distribution routes of your choice - business locations or electronic distribution channels (Internet banking, Mobile banking, Contact)
- long-term experience of bank employees in the field of foreign payments
- membership in the international banking group Intesa Sanpaolo
Foreign payments
Smooth payments from abroad
VÚB bank shall make a payment on the basis of a document received from a foreign bank. In case of sufficient data on the document, the payment processing shall be processed online by clearing on the client's account on the day of the payment, not later than the next working day after receipt of the document.
VÚB Bank credits foreign payments to the client's account at the exchange rate of the day at the time of processing and at the amount stated by the foreign bank. Payments in counter-value in excess of the bank limit (above-limit operation) are processed at an individual rate.
Basic data needed to make a payment from abroad for a client of VÚB Bank via SWIFT:
- Name of the bank:
- Všeobecná úverová banka, a. s.
- Mlynské Nivy 1
- 829 90 Bratislava
- Swift address of the bank: SUBASKBX
- Beneficiary account number, including the bank code 0200
- Unabridged name and address of the payment recipient
- Purpose of payment (e.g., invoice No. XXX for goods, gift, etc.)
NOTICE
We would like to inform you that due to changing market conditions and decreasing client demand of credit /debit cheques processing services, we have decided to finish this service as of June 30th, 2024. The last day for purchasing cheques, accepting cheques for collection, or issuing cheques will be Friday, June 28th 2024. As of July 1st, 2024 until December 31st, 2024, VUB, a.s. will only handle the settlement of purchased cheques, cheques for collection, or returned cheques claims.
Moreover, as of July 1st, 2024 VUB Chequebook cheques will be accepted only at VUB branches in Slovakia. The possibility to realize thouse cheques in abroad will be stopped after June 30th, 2024.
Smooth payments abroad
Smooth payments abroad are performed on the basis of a correctly filled in payment order submitted by clients, which must be based on means of coverage. The client shall submit the payment order:
- in person (Payment order, Web form - Foreign payments)
Web form - Foreign payments [PDF, 457 kB] - through electronic distribution channels (Biznis Banking, MultiChannel, Multicash)
VÚB bank shall ensure the processing of the payment order on the day of submission, if the client submits the payment order in electronic form by 3:00 pm and in paper form by 2:00 pm. If the client submits a Payment order after a specified time, the bank shall process the Payment order on the day of receipt, not later than the next business day.
VÚB Bank charges funds to the debit of the client's account online, in accordance with the exchange rate applicable at the time of submission of the Payment order. If a different due date is listed in the payment order than the day on which the Payment order is submitted, the funds will be charged to the account of the ordering party by the first exchange rate applicable on the due date. If funds are credited from the ordering party's account on a day other than the day of submission, the funds are billed at the first valid exchange rate on the current Banking Day. Payments in counter-value in excess of the bank's limit (over-the-limit operations) will be processed at an individual exchange rate.
What is a Non-SEPA transfer?
Non-SEPA transfer means a payment transaction:
- A transfer in CM within and outside the EU and EEA (excluding transfers within VÚB, a.s.)
- Transfer performed in EUR outside the EU and EEA
- Transfers in EUR executed outside VÚB within the EU and EEA that do not meet the SEPA Eurotransfer terms
- Urgent transfer performed in EUR and CM within and outside the EU and EEA (excluding transfers within VÚB, a.s.)
A non-SEPA transfer is only executed from a current account based on your completed Payment order submitted in a branch on the Payment order form, on forms accepted by us or entered electronically. We do not accept written Payment orders delivered by post unless otherwise agreed with you.
Type of transfer to suit your needs
urgent transfer - transfer executed by SWIFT with the valuta of the current Banking business day on the Maturity date in which the correspondent bank or beneficiary bank has funds for the beneficiary on the processing date
standard transfer - transfer performed by standard SWIFT in which the correspondent bank or beneficiary's bank has funds for the beneficiary with the due date + 2 Bank business days from the date of receipt and processing of the Payment order, no later than 5 Bank business days from the date of receipt and processing of the payment order (D+4).
We carry out the transfer
by swift - platby zasielané prostredníctvom systému SWIFT od spoločnosti S.W.I.F.T. – The Society for Worldwire Interbank Financial Telecommunication, ktorý umožňuje komunikáciu medzi finančnými inštitúciami v tuzemsku a v zahraničí.
Fee instruction options
When making a payment abroad, or domestically, the client shall determine on the payment order the method of settlement of VÚB a.s. fees and a foreign or domestic bank by choosing from three options:
- SHA - VÚB Bank fees are paid by the ordering party while the correspondent bank's fees and the fees of the recipient's bank are borne by the beneficiary. A transfer with the SHA fee instruction entered may be reduced by the fees of the correspondent banks and beneficiary bank.
- OUR - VÚB Bank fees, fees of the correspondent banks and the beneficiary bank are paid by the ordering party. A transfer with the specified OUR fee instruction will be credited in full. Transfers with OUR instructions are performed as follows:
- we change standard transfers in EUR to EU and EEA countries with OUR fee instructions without conversion to the ordering party's account when processing fee instructions from OUR to SHA,
- in EU and EEA currencies (with the exception of EUR with the conditions specified in the previous paragraph) with OUR fee instructions to EU and EEA countries (including the Slovak Republic) and to Switzerland we charge, along with the transfer, the guaranteed OUR fee without the additional charging of fees to other banks to your account,
- in other currencies outside the EU and EEA countries, and in the currencies of EU and EEA countries sent outside the EU and EEA countries and Switzerland, fees of other banks under the OUR instruction may be charged even afterwards,
- BEN - VÚB Bank fees, fees of the correspondent banks and the beneficiary bank are borne by the beneficiary of the transfer. A transfer with the BEN fee instruction entered may be reduced by the fees of VÚB Bank, the correspondent banks and the bank of the beneficiary. Transfers with BEN instructions are performed as follows:
- in the case of transfers sent to EU and EEA countries (including the Slovak Republic) sent in the currencies EUR, CZK, DKK, GBP, HUF, CHF, NOK, PLN, RON and SEK (hereinafter referred to as EU and EEA currencies) with BEN instructions on fees without conversion on the ordering party's account, we change the processing instructions for fees from BEN to SHA,
- transfers sent in the currencies of the countries of the EU and EEA to the EU and EEA countries (including the Slovak Republic) with BEN fee instructions with conversion to the payer's account will be executed with BEN instructions,
- transfers in AUD, CAD, JPY, RUB, TRY and USD (hereinafter only other currencies outside EU and EEA countries) into and out of the EU and EEA and in the currency CHF outside the EU and EEA countries without any change to the fee instructions. If no fee instruction is specified in the Payment order, we will issue the Payment order with a SHA fee instruction.
Cut-off times for submitting a Payme
- until 3:00 pm to make a standard transfer on the date of submission of the Payment Order submitted electronically;
- until 2:00 pm to make a standard transfer on the date of submission of the Payment Order submitted at a branch;
- until 3:00 pm to execute a Payment order in the form of an urgent transfer in EUR within the EU and EEA countries to the banks involved in Target2 on the date of submission of the Payment order submitted electronically;
- until 2:00 pm to execute a Payment order in the form of an urgent transfer in EUR within the EU and EEA countries to the banks involved in Target2 on the date of submission of the Payment order submitted at the branch;
- until 11:00 am to make an urgent transfer in EUR to banks not involved in Target2 or outside the EU and EEA, and CM on the day of submission of the Payment Order.
Payments in selected foreign currencies
In the field of Foreign payments, VÚB BANK allows - besides payments in EUR and basic foreign currencies - to execute payments in more than 100 selected foreign currencies where the client can pay various payments for goods, services, wages, contributions or gifts almost all over the world.
Benefits for the client
- expanding payment options in the area of International Payments
- standard completion of the International Payment Order
- execution to the beneficiary’s bank with value date on the next business day
- zero additional transaction fees — charges for foreign payments according to the valid VÚB Bank Tariff
- information on the fixed foreign currency/EUR exchange rate valid on the current business day — available at VÚB Bank branches
Submission of the payment order
At a branch:
- International Payment Order (Non-SEPA transfer)
- Web form IPO (Non-SEPA transfer)
Electronically:
- via Multichannel (Internet Banking, Mobile Banking, Call Center)
Processing of the payment order
- VÚB Bank will process the payment order on the day of submission if the client submits it in paper form by 2:00 p.m. and in electronic form by 3:00 p.m.
- If the client submits the payment order after the specified time, it will be processed by the bank on the next business day using the exchange rate of the processing day (foreign currency/EUR).
- Payments are charged according to the VÚB Bank Tariff as an International Payment Order submitted at a branch or placed electronically. The client’s account debited for the payment must be held in EUR.
Special requirements before executing the payment
Payments in selected foreign currencies must comply with the foreign exchange regulations of the relevant country. If not, the foreign bank has the right to reject the payment and return it to the sender’s account. According to the exchange control or banking regulations of individual countries, the payment beneficiary is obliged to provide documents if requested by the correspondent bank or the beneficiary’s bank.
Mandatory requirements for NON-SEPA payments depending on the country:
Angola
- Enter the payment purpose code in all currencies in the format CODE XXXXXX (6-digit purpose code) and the BENEFICIARY TAX ID NUMBER (10 digits for legal entities, 14 digits for individuals) in the payment order field Information for transfer / Payment purpose.
Australia
- For AUD, enter the BIC-SWIFT code of the beneficiary's bank, or the full name and address (street, number, city, state) of the beneficiary’s bank along with the beneficiary bank’s clearing code — BSB code (6 digits identifying the bank branch) in the payment order field Information for transfer / Payment purpose, e.g., /AU123456
Bahrain
- Enter the payment purpose code in all currencies in the format CODE XXX (3-digit purpose code) in the payment order field Information for transfer / Payment purpose.
Philippines
- Enter the payment purpose code in all currencies in the format CODE XXXXXXXXXX (10-digit purpose code) in the payment order field Information for transfer / Payment purpose.
India
- Enter the payment purpose code in all currencies in the format CODE XXX (3-digit purpose code) and provide a detailed description of the purpose code in the payment order field Information for transfer / Payment purpose.
Canada
- For CAD, enter the BIC-SWIFT code of the beneficiary's bank or the full name and full address (street, number, city, state) of the beneficiary’s bank along with the beneficiary bank’s clearing code — CC code (9 digits) in the payment order field Information for transfer / Payment purpose, e.g., /CC123456789
- In all currencies, provide the full name and surname of the beneficiary, as well as the complete address of the beneficiary — street name, building number, city, postal code/ZIP, area/province, country code. Note: P.O. BOX is not acceptable as the beneficiary's address.
Malaysia
- Enter the payment purpose code in all currencies in the format CODE XXXXX (5-digit purpose code) in the payment order field Information for transfer / Payment purpose.
- Providing the beneficiary’s address is mandatory.
- Providing the transaction detail is mandatory.
Ukraine
- It is recommended to also provide the beneficiary’s current address.
United Arab Emirates
- Provide the beneficiary’s account number in IBAN format: AE + 21 characters.
- Enter the payment purpose code in all currencies in the format CODE XXX (3-digit purpose code) in the payment order field Information for transfer / Payment purpose.
United States of America
- For USD, enter the BIC-SWIFT code of the beneficiary’s bank or the full name and address (street, number, city, state) of the beneficiary’s bank along with the beneficiary bank’s clearing code (ABA routing number — 9 digits) in the payment order field Information for transfer / Payment purpose, e.g., /FW123456789
Oman
- Provide the account number in IBAN format.
United Kingdom
- Enter the payment purpose code in the Information for transfer / Payment purpose field for real estate-related payments:
From May 1, 2025, the Bank of England requires the inclusion of specific purpose codes for interbank payments related to real estate transactions.
- HLRP: Repayment of mortgage loan.
- HLST: Settlement of mortgage loan.
- PLDS: Disbursement of mortgage loan.
- PDEP: Deposit for property.
- PCOM: Completion payment for property.
- PLRF: Refinancing of mortgage loan.
- Provide the LEI (Legal Entity Identifier) if available.
We recommend that you complete all available information in transfers. If you do not have sufficient details, we recommend obtaining them from the beneficiary to avoid the risk of the payment being held, delayed, or returned.
It is not permitted to enter the BIC-SWIFT code of the correspondent bank in the field for the beneficiary bank’s BIC-SWIFT code. The correspondent bank’s BIC may only be entered in the field “Special instructions for the bank” with the keyword: KORESP, followed by the BIC of the correspondent bank.
IBAN and BIC
IBAN - The International Bank Account Number is an internationally standardized form of account number created in co-operation with the European Banking Standards Committee, which enables clear identification of the beneficiary's account, country and bank institution.
IBAN Structure:
IBAN is a combination of capital letters and numbers in the following structure:
- 2 capital letters - country code (e.g. IT - Italy, SK - Slovakia, AT - Austria ...)
- 2 characters - controlling digits enabling the program control of the account number
- max. 30 characters - bank code, account number - account prefix and base account number
The IBAN can be made up of a max. of 34-character combination of the code of letters and numbers. In written form, IBAN spaces are divided into groups of 4 characters, in electronic form the spaces between the character groups are deleted.
Written form: SK33 0200 0000 0000 0001 2351
Electronic form: SK3302000000000000012351
IBAN for the SR, it always has 24 characters,
for example:
Country code | Controlling digits | Account number |
---|---|---|
SK | 33 | 0200 0000 0000 0001 2351 |
two-digit country code | two-digit code | bank code, account prefix, base account number |
BIC - Bank Identifier Code = Bank Swift Code
BIC Structure:
BIC consists of a combination of 8 or 11 characters - capital letters or digits and is stated without any spaces
- VÚB bank has the swift code SUBASKBX