• Domestic payments
• SEPA - Single Euro Payments Area
• Foreign payments
• List of payment titles

Domestic Payments

are carried out by the bank in line with the valid legislation of the Slovak Republic. The domestic payments are subject to set deadlines for payment orders at the bank. All domestic payments meeting the set conditions and submitted within set deadlines are credited from the sender's account on the day of submitting, or on the maturity day set by the customer.

Intrabank transfers are credited to the accounts of recipients on the same day as they were debited from the accounts of the senders. In case of inter-bank domestic transfers they are credited to the account of the recipient at the latest on the following working day after the day of debiting from the account of the sender.
The customers can submit a domestic order at any the bank branch or he/she can use electronic banking services e. g. e-Banka. The electronic banking services are at the customers' disposal 24 hours a day, 7 days a week. The payments send via electronic banking services are charged at more advantageous fees compared with those carried out by means of standard paper payment orders.

SEPA - Single Euro Payments Area

The introduction of the euro as the single currency and the subsequent creation of the possibility to use this single currency in the cash domain within the euro area countries triggered the common effort to create the single payment area covering also cashless payments. The project which is aimed at achieving integrated providing of equal conditions also for those cashless payments has been named SEPA - Single Euro Payments Area. The main role of the SEPA is practical removal of the boundaries and limits in order to facilitate cashless euro payments throughout all SEPA countries.

It is a significant harmonization project in which numerous national schemes and systems will be replaced by a new common frame based on new standards (IBAN – international account number a BIC – bank identification code). The goal of the project is to remove technical, legal and commercial obstacles between national markets of payment services. SEPA will be the area where citizens, companies and other market actors will be able to use payment services within SEPA countries under the same basic conditions, rights and obligations.

SEPA countries:
EU countries: Belgium, Bulgaria,Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Netherlands, Ireland, Lithuania, Latvia, Luxembourg, Malta, Hungary, Germany, Poland, Portugal, Austria, Romania, Slovakia, Slovenia, Spain, Sweden, Italy, United Kingdom,
EEC counries: Iceland, Liechtenstein, Norway
+ Switzerland

Characteristics of SEPA payments:

• payment operation in the EUR currency
• the account of the payer and receiver maintained within the SEPA countries
• the account of the payer and receiver maintained in any currency
• the account number of the receiver is in the international form IBAN
• the code of the receiver´ s bank is in the international form BIC
• the fee is SHA, i.e. each the receiver and payer pays fees to his bank
• the payment is credit to the account of the receiver in the full volume

Advantages of SEPA:

• The customer needs only one bank account for credit transfer and direct debits within the SEPA countries. It means that customers who work or study abroad will not need to have a bank account home and abroad at the same time.
• The transfers within the SEPA countries are carried out the same way as are the one within the national boundaries, i.e. quick, safe and effectively

Use of SEPA payment instruments:

• Transfers of customers – individuals for rent, study, or holiday abroad, payments for services offered by European companies (for use of a mobile phone, insurance or housing services)
• Transfers of companies for invoices ensuing from their mutual business activities

SEPA payment instruments:
There are the following payment instruments within the SEPA schemes:

• cashless payment - SEPA Credit Transfer (SCT)
• direct debit - SEPA Direct Debit (SDD)
• payment cards - SEPA Card Framework (SCF)

SEPA Credit Transfer (cashless transfer) – it is a payment instrument which allows a cashless transfer in the EUR currency between customers within the SEPA countries without any difference in comparison to transfers within or across the boundaries.

SEPA Direct Debit is a payment instrument which allows a cashless transfer in the EUR currency between customers within the SEPA countries initiated by the transfer receiver one time or repeatedly via hi bank provided the payer gave his approval (a mandate) for carrying out the SEPA direct debit to the receiver of the transfer.

Rules of SEPA direct debit:

• the customers (payer) gives approval (mandate) to carrying out of SEPA direct debit directly to the receiver of the transfer
• the receiver of the transfer submits the mandate to his bank and asks it to send a call for SEPA direct debit to the bank of the payer based on the mandate
• the bank of the payer receives the call for SEPA direct debit from the bank of the transfer receiver
• the bank of the payer can require a copy of the approval (mandate) of the SEPA direct debit directly from its customer and setting of the maximum limit for the SEPA direct debit
• the volume of the SEPA direct debit is debited from the account of the payer on the maturity day (in case of a sufficient account balance). IN case of an insufficient account balance of the payer the bank declines to carry out the direct debit

According to the Regulation of the European Parliament and of the Council No. 924/2009 on cross-border payments in the Community the banks have to be reachable for SEPA direct debits as of 1 November 2010. Dexia banka Slovensko a.s. will be able to adopt the call for SEPA direct debit from a direct debitor from the SEPA countries by this time and carry out the transfer from the account of its customer who is the payers in the case he agrees with such a transactions.

SEPA Card Framework – the goal is to allow to the cardholder to carry out transactions with his payment card under the same conditions within the SEPA countries.

The main characteristics of the SEPA payment cards is their equipment of the cards and POS terminals with the EMV chip technology (MasterCard, VISA) with the use of the PIN code.

Foreign Payments

The bank provides its customers with comprehensive foreign payment system services in an optimum range, quality and time. The bank has set up correspondent relations with a lot of reputable world banks. The network of our correspondent banks covers the whole world at present. The bank is connected to the SWIFT telecommunication network, thus all transfers among parties are effected in a quick, efficient and safe way.

Our bank also provides advisory services in foreign business, export and import customer transactions, as well as banking information from or to a foreign country, or possible intermediation of business contacts.

Transfers
A transfer means a payment to a foreign country or a payment from a foreign country without any documents. The transfer is the most frequent and the most inexpensive way of a settlement between an exporter and an importer in a foreign trade.

Payment to a foreign country
A payment abroad is effected pursuant to your foreign payment order. If you deliver your filled-in order to a branch, where your account is maintained, until 12 a.m., it will be effected on the same banking day. In case it is delivered after 12 a.m., it is effected on the following banking day. The payment will be delivered within 2 - 5 banking days, depending on the final beneficiary’ s territory and his bank. The bank offers a possibility of an accelerated payment. A fee is charged according to the List of Fees, the bank in force.
Check the accuracy of data with your business partner in your payment order to secure a quick delivery of your payment without any delay:

• Name and address of your business partner
  (exact address of foreign bank, city, state, bank account of your partner)
• your partner’s correspondent bank
• payment purpose in words
• payment title
  (number code depending on a purpose in wording – these two data have to be consistent)
• beneficiary country code
  (alphabetic or numeric country code)

List of countries to which it is not possible to send payments in USD in accordance with the sanctions set by the US government (OFAC list):

• Burma
• Cuba
• Iran
• Sudan
• Syria.

In what cases to submit documents

• unclear purpose of a payment
• customer requests a transaction, subject to notification duty or exchange permission
• payments in group 6 in the amount above EUR 35,000

To avoid any problems, please state in your documents (preliminary invoice, invoice, contract, etc.) all the necessary data, mainly:

• Your account number
  (business name of company, or name and surname, street, city, country - data should the same as those ones in your account with the bank
• Your account number with the bank
• Unabbreviated Slovak name of the bank
• Prima banka Slovensko, a.s. Žilina, Slovakia
• Swiftcode, PKB
• KOMASK2X
• Foreign correspondent bank
  (depending on a foreign currency pursuant to the List of Correspondent Banks, published on our web site )
• Payment purpose or payment title