Cut-off time for receipt and execution of international payment orders
Cut-off time for receipt and execution of international payment orders
| International payments | swift |
| Orders received until 13hrs | the same day |
| Orders received after 13hrs | the next business day |
Cut-off time for Receipt and execution of FX payments in the
| International payments in the Republic of Serbia in foreign exchange | date of execution |
| Orders received until13hrs | the same day |
| Orders received after 13hrs | the next business day |
| International payments in the Republic of Serbia in dinars | date of execution |
| Orders received until 14.30hrs | the same day |
| Orders received after 14.30hrs | the next business day |
Cut-offtime for receipt and execution of international payment orders within the Bank
| International payments within the Bank in foreign currency or in dinars | swift |
| Orders received until 15.30hrs | the same day |
| Orders received after 15.30hrs | the next business day |
The execution within the stated time frame presupposes the correctness of the received order, required documentation and provided coverage for the execution of a remittance.
The Bank undertakes to process the correctly filled in payment order for the Beneficiary in the EU member state, up to the amount of EUR 50.000,00, delivered within a day until 13hrs, within the same day by submitting the order to the correspondent bank abroad, and to execute the orders received after the cut-off time the next business day.
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The Beneficiary Bank will credit the account of the Beneficiary in line with its business policy.
For the execution of the international payments the Bank shall calculate and charge a free in compliance with the Decision of tariffs for service of Banca Intesa ad Beograd (International payments for corporate- page 4).
The coverage for execution of payments abroad a client may provide by buying FX from the Bank according to the calculation submitted by the Bank according to a daily selling rate or funds on his/her FX account.
In case a payment is executed in currency other than the one that a client has on its FX account, the Bank will covert the required amount according contracted exchange rate.
The Bank retains the right to depart from the set up deadlines in extraordinary situations. An extraordinary situation means any reason of the vis major due to which the Bank is not in technical capacity to execute the submitted correct order. In case the Bank delays with the execution of a correctly filled in order due to an extraordinary situation, no interest or other indemnification will be paid.