Standing orders

• Standing order payment can be launched after signing the agreement.
• Bank will make requested payments on your behalf following the conditions you’ve indicated.
• There are several types of standing orders:
  
  • Fixed Amount.
  • All Account Balance.
  • Percentage of Balance.
• Payment may be executed as a domestic or a foreign payment.
• You can view and manage all active standing orders of your company in Internet bank.

• On the day of standing order payment to be done, the bank systems shall check your company’s bank account:
  
  • If there are enough funds in the account to make the payment the transfer will be executed.
  • If not, bank systems will be checking your account for 2 more days after the payment date (only for fixed amount standing orders).
• The bank does not make partial standing order payments.
• If the currency of the standing order payment differs from the currency of the account, from which the payment will be made, the bank will convert the funds at the exchange rate of the bank, valid on the respective day.

Important: your standing order agreement will not be terminated because of insufficient funds for the payment.

• You can easily conclude Fixed amount Standing order agreement in Internet bank.
  When concluding the Standing order agreement, you’ll have to specify:
  
  • Information about the beneficiary.
  • Amount and currency of the payment.
  • Date of the first payment and the frequency.
• In Internet Bank the Fixed amount Standing order agreement may be signed by a person with a info and payments profile.
• Standing orders agreements for Account Balance or Percentage of Balance can be concluded only in branch.

If necessary, Standing order agreement can be terminated at any time free of charge in Internet bank by user from info and payment profile or in any branch.