Domestic Payment


Euro payments within SEPA countries:

  • SEPA is a unified territory, where the residents
    and companies are able to send and receive euro
    transactions within the SEPA member countries
    under the same conditions, rights and obligations
    as domestic euro transactions
  • SEPA unifies the standards of cashless euro payments
    in all the member countries

How SEPA Payments work

  • Payer and beneficiary have their accounts open in one of the SEPA member countries. IBAN codes (international form of the account number) and BIC (unique identification of the bank of the beneficiary) are used for accounts identification
  • Payer’s reference serves for specification of the transfer with guaranteed data transfer from payer to the beneficiary in unchanged structure - 35 characters
  • The whole sum is credited to the beneficiary’s account
  • Both payer and beneficiary pay the charges to their respective banks separately
  • Amount of money transferred is unlimited
  • Fast process of crediting the money to the beneficiary’s account (no later than the following business day)
  • Rejected and returned payments abide the same rules

Advantages of SEPA

  • Single currency - euro
  • Single legal framework for providing payment services
  • Mandatory processing periods
  • Transparency of charges – money is transferred in full amount
  • Single scheme of payment processing in EU allows the development of supplementary services
  • Single data transfer in xml format
  • Rejection and return of transactions is regulated by complex rules which can be automated
  • Efficient usage of SEPA cards under the same conditions in all the member countries and at all the trading venues within SEPA

Payment instruments SEPA

  • SEPA Credit Transfer (SCT)
  • SEPA Direct Debit (SDD)
  • SEPA Cards Framework (SCF)

Domestic Payment - Transfers

  • Cashless transfer of financial means in euro into banks within SEPA countries or transfer in different currency within Slovenská sporiteľňa
  • Possibility to use
    • one-time standard Payment order
    • one-time Urgent order (the financial means will be credited to the beneficiary’s account on the same day)
    • Standing order (for regular payments with the same amount of money)

Domestic Payment - Collections

  • 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.

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