- Standardized collection method of cashless euro transfer within SEPA countries
- The beneficiary will send Debit order to the bank and on the basis of your Collection approval the bank will transfer money from your account to theirs
How collection works
- Collection in euro can be made within all SEPA countries
- We will send you notification on pending Collection
- You can cancel the pending collection one day prior to the maturity date (at a branch or via Internetbanking)
- You can ask for return of sent Collection up to 8 days without stating a reason
- It is sufficient to state one Collection identifier – Mandate Reference
- The money from your account are credited to the beneficiary on the same day
- The Collection sent in Slovakia as well as in other SEPA countries have the same fee
- Collection approval is given with CID – Creditor identifier that can then credit from any account within SEPA country
List of SEPA countries
EEA countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom of Great Britain and Northern Ireland.
Other territories and autonomous regions: Martinique, Guadalupe, French Guyana, Réunion, Gibraltar, Azores, Madeira, Canary Islands, Ceuta and Melilla, Aland Islands, Mayotte, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon.
Countries which joined SEPA: Switzerland, Monaco, San Marino.