Foreign payments

VUB foreign payment system includes

  • processing of credit transfers sent to VUB from abroad,
  • processing of credit transfers sent from VUB abroad or to other Slovak bank in a foreign currency,
  • processing of cheques (bank, private)

Benefits of VUB Bank

  • extensive network of correspondent banks,
  • participation in the SWIFT network,
  • distribution channels of your choice - branches or electronic distribution channels (Internet Banking, Internet Banking Plus, Business Banking, Kontakt)
  • many years of experience of bank employees in the foreign payment system,
  • membership in international banking group IntesaSanPaolo.

Foreign payments

Clean payments from abroad

VUB Bank will make a payment on the basis of a documents received from a foreign bank. If sufficient data are provided in the document, the payment is processed through online crediting to the client’s account on the currency exchange date, no later than on the working day following the receipt of the document.

VUB Bank credits payments from abroad to client’s account using the exchange rate applicable at the time of processing, in the amount specified by the foreign bank. Payments in countervalues exceeding the limit specified by the bank (overlimit transactions) are processed using an individual exchange rate.

Basic data necessary to make a payment from abroad to a client of VUB bank via the SWIFT network:

  • Bank name:
    • Všeobecná úverová banka, a. s.
    • Mlynské Nivy 1
    • 829 90 Bratislava
  • Swift address of the bank: SUBASKBX
  • Beneficiary's account number, including bank code 0200
  • Full name and address of the beneficiary
  • Payment purpose (e.g. invoice No. XXX for goods, a gift, etc.)

Payments from abroad via cheque

VUB Bank accepts all types of bank and private cheques issued by a foreign bank, other institution, or a person in a foreign currency or in EUR.

Bank and private cheques have limited maturity and must be submitted within the deadlines set by law (Act no. 191/1950 Coll. on Bills of Exchange and Cheques). They must also comply with the other requirements under this Act. A cheque is submitted by the cheque owner, i.e. to the order of whom it is issued. If the cheque owner is immobile, the owner will sign the cheque on the back side in the presence of a notary who will draw up a report. An authorized person may then present the cheque in VUB Bank together with the report and the mandate to represent.

Bank cheques

The cheques are issued by banking institutions. If the bank can verify the signatures of the cheque issuer according to the specimen signature, or will verify the cheque coverage via S.W.I.F.T. at the client’s request, the cheque may be paid immediately upon submission. If it is not possible to verify the signatures of the cheque issuer or its coverage, VUB Bank will take the cheque for non-binding collection.

Private cheques

The cheques are issued by non-banking institutions, or legal or natural persons. Coverage or issuer signatures cannot be verified for these cheques, therefore VUB Bank takes them only for non-binding collection. The cheque value is paid to the client only after the payment is credited by a foreign bank. VUB Bank makes the payment of the cheque accepted for collection to the client’s account using the exchange rate valid on the date, when the payment was credited by a foreign bank, and in the case of cash using the current exchange rate.

Clean payments abroad

Clean payments abroad are made on the basis of a properly completed payment order submitted by a client, which must be financially covered. A client can submit a payment order:

  • personally (payment order, FPO web form)
     Web form - Foreign payments

  • through electronic distribution channels (Business Banking, Multichannel, Multicash)

VUB Bank will ensure processing of a payment order on the day of its submission, if a client submits a payment order in the electronic form by 3:00 p.m. or in the paper form by 2:00 p.m. If a client submits a payment order after the specified time, the bank will process the payment order on the day of receipt, no later than on the next working day.

VUB bank debits funds from client’s account online, using the exchange rate applicable at the time of payment order submission. If maturity date other than the date of the payment order submission is specified in the payment order, the funds will be debited from the payer’s account using the first exchange rate applicable on the maturity date. If funds are debited from the payer’s account on a date other than the date of submission, the funds will be debited using the first exchange rate applicable on the current banking day. Payments in countervalues exceeding the limit specified by the bank (overlimit transactions) are processed using an individual exchange rate.

What is a Non-SEPA transfer

Non-SEPA transfer is a payment transaction:

  • a transfer in a FC within and outside the EU and EEA (except for transfers within VÚB, a.s.)
  • a transfer made in EUR outside the EU and EEA countries
  • a transfer in EUR made outside VUB within EU and EEA that does not meet the conditions of SEPA-Eurotransfer
  • an urgent transfer made in EUR and a FC within and outside the EU and EEA (except for transfers within VÚB, a.s.)

We make Non-SEPA transfers only from current accounts, on the basis of a completed Payment Order presented at the Branch on the Payment Order form, on forms accepted by us or submitted electronically. We do not accept written payment orders delivered by mail, unless otherwise agreed with you.

A transfer type according to your needs

an urgent transfer – a transfer made on the maturity date through SWIFT with the exchange rate valid on the current banking day, on which the correspondent bank or beneficiary's bank has the means for the beneficiary on the processing date
a standard transfer – a transfer made through SWIFT as a standard, where the correspondence bank or beneficiary’s bank has the beneficiary’s funds at its disposal with the exchange rate date + 2 banking business days after the date of payment order receipt and processing, no later than 5 banking business days after the date of payment order receipt and processing (D+4).

We make the transfer through

  • swift - payments sent through the SWIFT system by the S.W.I.F.T. company – The Society for Worldwire Interbank Financial Telecommunication, which allows communication among financial institutions in Slovakia and abroad.
  • a cheque issued in VÚB, a. s. - payments are made through a bank cheque in the following currencies: CAD, DKK, EUR, GBP, CHF, JPY, NOK, SEK, USD. A bank cheque may only be issued only to a beneficiary abroad, and cannot be submitted to the beneficiary for the purpose of payment of the cheque value directly at VUB Bank, since cheques are payable in foreign banks. The bank cheque is sent abroad via registered mail, or taken over personally by the client on the client request, or sent to the address of a branch via registered mail, where the client will collect the cheque and will sign the cheque acceptance.
  • a cheque issued by a foreign bank - payments are made through SWIFT in the EUR, USD and AUD currency to the relevant correspondent bank that will issue the cheque and send it to the beneficiary.

Options of the fee instruction

When making payments abroad or domestic payments, the client will specify the settlement method of fees of VÚB, a. s. and foreign or domestic banks on the payment order by selecting one of three options:

  • SHA - fees of VUB Bank are paid by the payment payer and fees of correspondent banks and the beneficiary's bank are borne by the beneficiary of the payment. Transfers with the SHA fee instruction may be reduced by the fees of correspondence banks and of the beneficiary's bank.
  • OUR - fees of VUB Bank, fees of correspondent banks and the beneficiary's bank are paid by the payer. The whole amount of a transfer with the OUR fee instruction will be credited. Transfers with the OUR instruction will be made as follows:
    • for standard transfers in the EUR currency to EU and EEA countries with the OUR fee instruction without conversion on the payer’s account, the OUR fee instruction will be changed to the SHA fee instruction during processing,
    • in case of transfers in the currencies of the EU and EEA countries (except for EUR currency with conditions specified in the previous paragraph) with the OUR fee instruction to the EU and EEA countries (including the Slovak Republic) and to Switzerland, we debit from your account, in addition to the transfer, the guaranteed OUR fee without any additional charging of fees of other banks,
    • in the case of transfers in other currencies outside the EU and EEA countries and in currencies of the EU and EEA countries sent outside the EU and EEA countries and Switzerland, the other banks' fees for the OUR instruction can be charged also additionally,
  • BEN - fees of VUB Bank, fees of correspondent banks and the beneficiary's bank are borne by the beneficiary of the transfer. A transfer with the BEN fee instruction may be reduced by fees of VUB Bank and fees of correspondent banks and the beneficiary's bank. Transfers with the BEN instruction will be made as follows:
    • in the case of transfers sent in EUR, CZK, DKK, GBP, HRK, HUF, HRK, CHF, NOK, PLN, RON and SEK (hereinafter “the currencies of the EU and EEA countries”) to the EU and EEA countries (including the Slovak Republic) with the BEN fee instruction without conversion in the beneficiary’s account, we will change the fee instruction from BEN to SHA during processing,
    • transfers sent in the currencies of the EU and EEA countries to the EU and EEA countries (including the Slovak Republic) with the BEN fee instruction with conversion in the beneficiary’s account will be made with the BEN instruction,
    • transfers in AUD, CAD, JPY, TRY and USD (hereinafter only the "other currencies outside the EU and EEA countries") to and outside the EU and EEA countries and in CHF outside the EU and EEA countries will be made without any changes to the fee instruction. If no fee instruction is specified in the payment order, the payment order will be executed with the SHA fee instruction.

Cut-off times for submission of a payment order

  • until 3:00 p.m. for execution of a standard transfer on the day of submission of electronically submitted payment order;
  • until 2:00 p.m. for execution of a standard transfer on the day of electronically submitted payment order;
  • until 3:00 p.m. for execution of a payment order in the form of an urgent transfer in EUR within the EU and EEA countries to banks involved in Target2 on the day of submission of electronically submitted payment order;
  • until 2:00 p.m. for execution of a payment order in the form of an urgent transfer in EUR within the EU and EEA countries to banks involved in Target2 on the day of payment order submission at a branch;
  • until 11:00 a.m. for execution of an urgent transfer in the EUR currency to banks which are not included in Target2 or are not in EU or EEA and in FC on the payment order submission day.

Web form for foreign payment system

The web form to fill in a Foreign Payment Order in Electronic Environment. It can be used for transfers in foreign currencies, for transfers to beneficiaries outside VUB and for transfers in EUR to countries outside the EEA (European Economic Area) as well as paper payment orders for payments abroad. Payments are charged according to the VUB Bank Price List as an international payment order submitted at a branch.

After completing the Payment Order in Electronic Environment form, print the form, sign it duly and submit it at a VUB bank branch in the paper form. Make a photocopy of the payment order for your needs. To use the web form, Adobe Reader 9.0 or a newer version must be installed.

Web form ZPP

Payments in selected foreign currencies

In the area of the foreign payment system, VUB Bank allows - in addition to payments in EUR and other basic foreign currencies - also execution in more than 100 selected foreign currencies, in which a client can make various payments for goods, services, wages, contributions or donations almost all over the world.

Benefits for clients

  • extended possibilities in the area of the foreign payment system,
  • standard completion of a foreign payment order
  • transfer to the beneficiary's bank with a foreign currency on the next working day
  • no additional fees associated with the transaction, fees for a payment abroad in accordance with the current Price List of VUB Bank
  • information about the fixed exchange rate foreign currency/EUR applicable on the current working day - available at VUB Bank branches.

Submission of a payment order

At a branch:

  • a foreign payment order
  • the FPO web form (A web form to fill in a Foreign Payment Order in Electronic Environment). After it has been completed, print the form, sign it duly and submit it at a VUB bank branch in the paper form. Make a photocopy for your needs. To use the web form, Adobe Reader 9.0 or a newer version must be installed.

Electronically:

  • through Multichannel (Internet Banking, Mobile Banking, Call Centre)

Processing of a payment order

  • VUB Bank will ensure processing of a payment order on the day of its submission, if a client submits it in thepaper form by 2:00 p.m. and electronic form by 3:00 p.m..
  • If a client submits a payment order after the specified time, the bank will process it only on the following working day, applying the exchange rate of the processing date – foreign currency/EUR
  • Payments are charged according to the VUB Bank Price List as an international payment order submitted at a branch or entered electronically. The client’s account from which the payment will be debited must be maintained in the EUR currency.

Specific requirements before a payment is made

Payments in selected foreign currencies must be sent in accordance with foreign exchange regulations (directions) of the corresponding country. Otherwise a foreign bank is entitled not to make the payment and return it to the sender’s account. In accordance with the foreign exchange or banking regulations of individual countries, the beneficiary is obliged to provide documents - if they are required by a correspondent bank or a beneficiary's bank.

Payments to the specified countries require specific data before execution; a client is obliged to specify the data in a payment order:

  • Brazil - BRL currency
  • Colombia - COP currency
  • CHile - CLP currency
  • India - INR currency
  • Kazakhstan - KZT currency
  • Mozambique - MZN currency
  • Peru - PEN currency
  • Uruguay - UYU currency
  • Venezuela - VEF currency

List of countries with their currency:

Country Currency code Currency name
Albánsko ALL albánsky lek
Alžírsko DZD alžírsky dinár
Angola AOA kwanza
Arménsko AMD arménsky dram
Bahamy BSD bahamský dolár
Bahrajn BHD bahrajnský dinár
Bangladéš BDT taka
Barbados BBD barbadoský dolár
Bielorusko BYR bieloruský rubeľ
Bolívia BOB boliviano
Bosna BAM poukážky (konvert.marka)
Botswana BWP pula
Brazília BRL brazílsky real
Bulharsko BGN bulharský nový lev
Burundi BIF burundský frank
Čile CLP čílske peso
Čína CNY čínsky juan
Kongo CDF konžský frank
Dominik.republika DOP dominikánske peso
Džibutsko DJF džibutský frank
Egypt EGP egyptská libra
Etiópia ETB etiópsky birr
Fidži FJD fidžijský dolár
Filipíny PHP filipínske peso
Gambia GMD dalasi
Ghana GHS cedi
Gruzínsko GEL gruzínsky lari
Guatemala GTQ quetzal
Guinea GNF guinejský frank
Guyana GYD guayanský dolár
Haiti HTG gourde
Holandské Antily ANG antilský gulden
Honduras HNL lempira
Hong Kong HKD hongkongský dolár
India INR indická rupia
Indonézia IDR indonézska rupia
Irak IQD iracký dinár
Izrael ILS izraelský nový šekel
Jamajka JMD jamajský dolár
Jordánsko JOD jordánsky dinár
Južná Afrika ZAR juhoafrický rand
Južná Kórea KRW juhokórejský won
Kambodža KHR riel
Kamerun XAF frank BEAC/CFA
Kapverdy CVE kapverdské escudo
Katar QAR katarský riál
Kazachstan KZT kazachstanský tenge
Keňa KES kenský šiling
Kolumbia COP kolumbijské peso
Kostarika CRC kostarický colón
Kuvajt KWD kuvajtský dinár
Lesotho LSL loti
Libanon LBP libanonská libra
Libéria LRD libérijský dolár
Litva LTL litovský litas
Lotyšsko LVL lotyšský lats
Madagaskar MGA malgašská ariary
Malajzia MYR malazijský ringgit
Malawi MWK malawijská kwacha
Maroko MAD marocký dirham
Maurícius MUR maurícijská rupia
Mauritánia MRO ukija
Mexiko MXN mexické peso
Mongolsko MNT mongolský tugrik
Mozambik MZN metical
Namíbia NAD namibijský dolár
Nepál NPR nepálska rupia
Nigéria NGN naira
Nikaragua NIO cordoba
Nový Zéland NZD novozélandský dolár
Omán OMR ománsky rial
Pakistan PKR pakistanská rupia
Papua Nová Guinea PGK papuánska kina
Paraguaj PYG guarani
Peru PEN sol nový
Pobr.Slonoviny XOF frank BCEAO/CFA
Rwanda RWF rwandský frank
Saudská Arábia SAR saudský rial
Sierra Leone SLL leone
Singapur SGD singapurský dolár
Spoj.arab.emiráty AED SAE dirham
Srbsko RSD srbský dinár
Srí Lanka LKR srílanská rupia
Surinam SRD surinamský gulden
Svazijsko SZL lilangeni
Šalamúnové ostrovy SBD dolár šalam.ostrovov
Taiwan TWD taiwanský nový dolár
Tanzánia TZS tanzánijský šiling
Thajsko THB thajský baht
Trinidad,Tobago TTD dolár Trinidadu a Tobaga
Tunisko TND tuniský dinár
Uganda UGX ugandský šiling
Uruguaj UYU uruguajské peso
Vietnam VND dong
Venezuela VEF bolivar fuerte venezuelské
Zambia ZMK zambijská kwacha
Západná Samoa WST tala

IBAN and BIC

Correct use of IBAN and BIC when making international transfers within the EU

IBAN - International Bank Account Number is an internationally standardized form of an account number, which was created in collaboration with the European Committee for Banking Standards, and which uniquely identify the account, the country and the banking institution of the beneficiary.

IBAN structure:
IBAN is a combination of capital letters and numbers with the following structure:

  • 2 capital letters – country code (e.g. IT – Italy, SK – Slovakia, AT – Austria...)
  • 2 characters – control digits allowing programmatic check of an account number
  • up to 30 characters – bank code, account number – account prefix and main account number

IBAN can consist of at most 34-character combination of characters and digits. In the written from, the IBAN is separated by spaces in groups of 4 characters; the spaces between character groups are left out in the electronic form.

Written form: SK33 0200 0000 0000 0001 2351
Electronic form:: SK3302000000000000012351

IBAN for Slovakia always contains 24 characters
Example:

Country code Control digits Account number
SK 33 0200 0000 0000 0001 2351
two digit country code two digit code bank code, account prefix, account number

List of European Union countries and European economic area countries:

Belgicko, Bulharsko, Cyprus, Česká republika, Dánsko, Estónsko, Fínsko, Francúzsko, Grécko, Holandsko, Chorvátsko, Írsko, Island, Lichtenštajnsko, Litva, Lotyšsko, Luxembursko, Maďarsko, Malta, Nemecko, Nórsko, Poľsko, Portugalsko, Rakúsko, Rumunsko,Slovensko, Slovinsko, Španielsko, Švédsko, Taliansko, Veľká Británia + Švajčiarsko

IBAN structure example in EÚ countries and EHP

Country Number length IBAN structure example
Belgicko 16 BE625100075XXXXX
Bulharsko 22 BG80BNBG966110203XXXXX
Cyprus 28 CY170020012800000012005XXXXX
Česká republika 24 CZ65080000001920001XXXXX
Dánsko 18 DK50004004401XXXXX
Estónsko 20 EE3822002210201XXXXX
Fínsko 18 FI21123456000XXXXX
Francúzsko 27 FR1420041010050500013MXXXXX
Grécko 27 GR16011012500000000123XXXXX
Holandsko 18 NL39RABO03000XXXXX
Chorvátsko 21 HR12100100518630XXXXX
Írsko 22 IE29AIBK931152123XXXXX
Island 26 IS1401592600765455107XXXXX
Lichtenštajnsko 21 LI210881000023XXXXXAA
Litva 20 LT1210000111010XXXXX
Lotyšsko 21 LV80BANK00004351XXXXX
Luxembursko 20 LU2800194006447XXXXX
Maďarsko 28 HU421177301611111018000XXXXX
Malta 31 MT84MALT0110000XXXXXMTLCAST0
Nemecko 22 DE893704004405320XXXXX
Nórsko 15 NO93860111XXXXX
Poľsko 28 PL27114020040000300201XXXXX
Portugalsko 25 PT500002012312345678XXXXX
Rakúsko 20 AT6119043002345XXXXX
Rumunsko 24 RO49AAAA1B310075938XXXXX
Slovensko 24 SK31120000001987426XXXXX
Slovinsko 19 SI561910000001XXXXX
Španielsko 24 ES07001203450300000XXXXX
Švédsko 24 SE35500000000549100XXXXX
Švajčiarsko 21 CH93007620116238XXXXX
Taliansko 27 IT40S05428111010000001XXXXX
Veľká Británia 22 GB29NWBK601613319XXXXX

List of other countries, which requires IBAN

Country Number length IBAN structure example
Andora 24 AD12000120302003591XXXXX
Bosna a Hercegovina 20 BA3912900794010XXXXX
Gibraltár 23 GI75NWBK0000000070XXXXX
Izrael 23 IL62 0108 0000 0009 99XX XXX
Macedónia 19 MK072 5012 0000 0XXX XX
Maurícius 30 MU17BOMM01011010303002XXXXXMUR
Monako 27 MC11127390007000111XXXXXh79
Čierna Hora 22 ME255050000123456XXXXX
San Maríno 27 SM86U03225098000000002XXXXX
Srbsko 22 RS352600056010016XXXXX
Turecko 26 TR3300061005197864578XXXXX

BIC - Bank Identifier Code = the swift code of the bank

BIC structure:
IBAN is a combination of capital letters and numbers with the following structure:

  • BIC consists of a combination of 8 or 11 characters - upper-case letters or digits, without spaces
  • The swift code of VUB bank is SUBASKBX
Bank name code Country code Registered office code Branch code
SUBA SK BX
four digit unique code two digit country code two digit registered office code, it can consist from two numbers, or two letters (even their combination) three digit branch code

Price list

For all fees related to the VUB account, refer to the current price list.




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