Universal Payment Order (UPN)
A payment order is an instruction to the payer's bank, with which the payer or payee orders the execution of a payment transaction.
The UPN form is a universal payment order and can be used as a paper form for domestic, cross-border, and other payment transactions in euros:
- for non-cash payments (credit payments),
- for cash payments (money transfers in cash),
- for a cash deposit (deposit of cash proceeds to a payment account at the parent bank) and
- to withdraw cash.
The UPN form consists of a payment order and a voucher as proof of payment. The payment order contains:
- the upper part, which contains fields about the payer, namely: the payer's account number (IBAN), codes for the deposit or cash withdrawal, payer's reference, payer's name and address, payment purpose code, payment purpose/time limit, payment urgency indicator, space for payer's signature and (optional) stamp,
- the middle part, which contains fields about the recipient of the payment, namely: payment amount in EUR, payment date, recipient's bank identification (BIC), recipient's account number (IBAN), statement information in connection with the OCR line printout, recipient's reference, name, and recipient address,
- the lower part, which is intended for the payment service provider's entries about the service provided and for the optical recording of data (OCR line).
You can find more information about the introduction of the universal payment order on the website of the Association of Banks of Slovenia.
