CZK – Czech Koruna
The payment processing of this currency is considered to be highly standardised.
- Currency Guidelines
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Payments in CZK toward The Czech Republic
Besides the standard information, the IBAN format is mandatory (see Appendix VI).
In the case where structured remittance information is to be passed, it is important to note that this can be either one of the following, or a combination of:
• Variable code (1-10 digits) e.g. /VS/xxxxx
• Constant code (1-4 digits) e.g. /KS/xxxxx
• Specific code (1-10 digits) e.g. /SS/xxxxx
These codes shall be provided by the beneficiary.
Payments in CZK outside the Czech Republic
The IBAN format is mandatory (see Appendix VI).
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
- Additional information
• Available charge options: OUR/SHA/BEN
In principle, for payments subject to the Payment Services Directive (PSD) and without currency conversion, only shared charges are allowed.
• Central bank of the Czech Republic: https://www.cnb.cz/en/index.html