Domestic payment transactions | OTP banka

Fast and reliable payment execution is very important for your smooth day-to-day business. We will take care of it, and you can devote yourself fully to your business.

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DOMESTIC PAYMENT TRANSACTIONS

Fast and reliable payment execution is very important for your day-to-day business to go smoothly. We will take care of it for you, and you can devote yourself fully to your business.


 
OTP Banka

Use the online bank


Save time and money.
 
 
OTP Banka

Security


State-of-the-art authentication and data privacy standards.
 
OTP Banka

Flexibility


You define and change the order waiting list yourself in the online bank.
 
OTP Banka   What is a domestic payment transaction

A domestic payment transaction is a payment transaction in which the payer's payment service provider and the recipient's payment service provider or the only payment service provider perform payment services for the payer and the payee in the territory of the Republic of Slovenia.

Methods of providing payment services:
  • in person at the bank counter during bank business hours,
  • using day-night safes or
  • using the online bank:


*A member state is an EU member state or a signatory state to the Agreement on the Establishment of the European Economic Area (EEA = EU + Iceland, Norway, and Liechtenstein).

 

 
OTP Banka   Cost and time efficiency

OTP banka is a direct participant in the European payment systems TARGET2 and SEPA and maintains relations with a wide network of banks all over the world, and according to the needs of its clients, it is always ready to establish new ones.


In our applications, automatic IBAN BIC control is established when the recipient's account is listed in the IBAN structure.












 
 
Universal Payment Order (UPN)
Cost and time efficiency of payment execution: OTP banka is a direct participant in the European payment systems TARGET2 and SEPA and maintains relations with a wide network of banks around the world, and according to the needs of its clients, it is always ready to establish new ones. Established automatic control of IBAN BIC in case of cross-border and other payments in all currencies, when the recipient's account is listed in the IBAN structure.


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.
Transactions worth 15,000 EUR and more: data about the transaction and the recipient
In accordance with the Act on the Prevention of Money Laundering and Financing of Terrorism (ZPPDFT), when conducting transactions worth 15,000 EUR and more (individual or several clearly connected transactions), the bank is obliged to obtain information about the purpose of the transaction and the recipient.


Payment orders should contain the following information:
  • information about the purpose of the payment or the intended nature of the transaction (e.g. invoice no..., contract on..., advance payment for..., preliminary invoice no...),
  • complete information about the recipient: first and last name, permanent residence or name, and registered office of the person to whom the transaction is intended (street, house number, town, and country).
We advise
  • when choosing a payment instrument as a form of payment insurance for various types of international transactions,
  • when choosing the most appropriate banking association, which affects the speed and costs of transferring funds
  • when assessing business risks in international transactions based on credit rating and other business information,
  • appropriate cost options, payment structure and other payment instructions,
  • according to your wishes and needs, we prepare reports, certificates, obtain and forward information to other (Slovenian and foreign) banks, forward information abroad and resolve complaints, implement special arrangements and inform you about the practices of foreign banks and innovations in payment systems.
 
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