Foreign payments

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.)

Payments from abroad by check

VÚB bank accepts all types of bank and private checks that are issued by a foreign bank or other institution, or person in a foreign currency or in EUR.

Bank and private checks have a limited maturity and must be submitted within the time limits set by the law (Act No. 191/1950 Coll. The Bills and Checks Act). At the same time, they must also comply with other conditions within the meaning of this Act. The check is presented by the check owner, that is, on the order of whom the check is issued. If the owner of the check is immobile, he / she will sign the check on the back of the checker in front of a notary, who shall draw up a certificate on it. Thereafter, the entrusted person may submit the check to VÚB bank, together with the certificate and the representation mandate.

Bank checks

They are issued by banking institutions. If the bank can verify the signatories' signatures by signature specimens, or at the client's request, verify the coverage of the check via S.W.I.F.T., it can pay the checks immediately upon submission. If it is not possible to verify the signatories of the check issuer, respectively its coverage, VÚB bank will take over the check for non-binding collection.

Private checks

They are issued by non-banking institutions, or legal or natural persons. For these checks, it is not possible to verify their coverage or signatories' signatures, so VÚB bank therefore only accepts them for non-binding collection. The value of the check is paid to the client only after the payment has been credited to them by a foreign bank. Payment of the check accepted for collection by VÚB Bank is executed on the client's account in the exchange rate from the day of the due date, that is, from the day when the payment was credited by the foreign bank and in cash by the current exchange rate.

Smooth payments abroad

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.

by a check issued by VÚB, a. s. - payments are performed by bank check in the following currencies: CAD, DKK, EUR, GBP, CHF, JPY, NOK, SEK, USD. A bank check can only be issued to a beneficiary abroad and cannot be submitted to a beneficiary for the purpose of the payment of the check value directly at VÚB Bank, as checks are payable at foreign banks. A bank check is sent abroad by registered mail, or, upon the request of a client, taken over personally by a client or sent by registered mail to the address of the branch, where the client picks up the check and signs the check.

a check issued by a foreign bank - payments are made by swift in EUR, USD and AUD swift at the relevant correspondent bank which issues the check and sends it to the beneficiary.

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, HRK, 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.