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CZK – Czech Koruna

Overview

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

Standard information
The IBAN format is mandatory (see Appendix VI).

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES

To consult the Appendix(es) click here

Appendix 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