Benefits of Clean Payments

• The simplest, fastest, and cheapest international payment instrument
• Far shorter processing time and delivery time on clean payments (compared to the time required for the delivery of a cheque)
• Payments to be credited to our clients’ accounts following the verification of coverage by the foreign currency set by the foreign bank

International Payments for Everyone

The clean payment instrument can be used by the following entities:

• Legal entities and natural persons who are sole proprietors
• Entities engaged in activities other than business (municipalities, state authorities, organisations receiving contributions or fully funded from public budgets, foundations, etc.)
• Natural persons

Choose Clean Payments

If you are interested in using clean payments, visit a GE Money Bank branch and complete the form for foreign payment transactions.

If you own the BankKlient or Internet Banking service, enter the clean payment through this direct banking channel. Your GE Money Bank branch will tell you the account number in the IBAN format or you can find it on your account statements.

Payment Processing

Clean Payments Abroad

Payments Abroad can be processed from clients CZ or FX current accounts in these currencies: CAD, DKK, EUR, GBP, CHF, JPY, NOK, SEK, USD.

To use a clean payment, you need to know the payee’s bank information, i.e., account number, BIC of payee’s bank or precise name of the payee’s bank and the city in which the bank is located.

To a payment transactions within the EEA (European Economic Area) in EEA currency, only SHA (shared) charge/instruction may be applied. The clients will be charged with GEMB fee, according to the valid price list, and intermediary bank fee for an EEA payment transaction.

We accept payments from abroad on the basis of SWIFT messages.

For money to be sent to the payee’s account expeditiously and correctly, the foreign partner needs to be informed about the correct account number, payee’s name, and the precise name of the payee’s bank.

S.W.I.F.T.

At the client’s order, the Bank executes his/her international payment transfers to the payee’s account at his/her bank through the Society for Worldwide Interbank Financial Telecommunication – SWIFT registered in Belgium. Presently, there is no other organisation providing these services to such a worldwide extent, and the Bank therefore has no alternative than to use the SWIFT network for executing international payments, if it wishes to offer its clients global payment services. The SWIFT network which the Bank uses, like other banks offering international payments, complies with the highest security requirements, both technically and organisationally.

The SWIFT corporation has operational centres in Europe and in the US, where all data from financial transactions are stored temporarily, and this data is, in order to ensure the smoothness of payments, simultaneously stored in identical form on several geographically disparate servers, which correspond to international standards as well as to bank oversight requirements.

Since 11 September 2001, the US Treasury Department has demanded, by means of subpoenas, information about payment transactions from the SWIFT centre in the USA, for the purpose of fighting terrorism. According to the communication of SWIFT representatives, an agreement was reached between the company and the US Treasury Department, according to which the volume of the data requested, covered by a subpoena issued by a US court, will be restricted to the necessary minimum, and their use solely for the purpose of fighting against terrorism is guaranteed. It must be stressed that the provision of data from payment transactions on the basis of a subpoena is legal in the USA, and our Bank has obtained the information about its provision and release to US authorities through the Czech Banking Association. At the same time, the Bank has received information about the entire matter being discussed on the international level, as regards the European legal regulation of bank secrecy.

The Bank hereby informs its clients that their information stated on international payment transactions (name and address, if provided, account number, amount, and purpose of the payment, if provided) may constitute a part of the information provided by SWIFT to the US Treasury Department for the purpose of fighting terrorism.