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Foreign Payment Operations

General

Considerable experience of Halkbank employees in carrying out foreign operations and a developed network of correspondent banks provide clients with a full service relating to foreign payment operations, namely:

  • Account opening (residents /non-residents)
  • Foreign payments
  • Foreign collections
  • Loro and nostro transfers
  • Western Union transfers
  • Collection of foreign cheques (for legal entites)
  • Payments against business trips (advance payment/final settlement)
  • Inflows from/payments to Kosovo
  • Purchase and sale of foreign currency on the foreign exchange market
  • Foreign exchange loans
  • Registration of foreign credit with the NBS
  • Documentary operations (letters of credit, guarantees, documentary collection)
  • E-Banking – foreign exchange E-Banking


The Bank is directly connected to the SWIFT network (Society for Worldwide Interbank Financial Telecomunication) which provides safe and fast international payment services.

What documents are required to open a foreign currency account?

Documents required to open a foreign currency account for a domestic legal entity (resident)

Documents required to open a foreign currency (non-resident)

 

What does a domestic legal entity (resident) need for the execution of a foreign payment through Halkbank?

  • Fully completed payment order (blank payment order for residents, form 70), Instructions for Completing Orders
  • A document evidencing the obligation of a foreign payment (e.g. proforma invoice for advance payment; invoice and customs declaration, contract etc.)
  • Instructions for foreign payment (note: the instructions must include the IBAN of the beneficiary as well as SWIFT address of the beneficiary’s bank)

What do you need to know to receive money from abroad?

  • In order for individuals or legal entities to receive an incoming payment from abroad, they will have to obtan, from the Bank, an instructions for incomming payment and to forward these instructions to the sender of funds abroad in order to make incomming payment order efficient and correct.
  • These instructions can be obtained by the clients in evry branch/subbranch of halkbank a.d. or via e-mail: doznake@halkbank.rs
  • Upon receipt of funds from abroad clients – legal entities are obligated, on the same or on the following day, to submit to the bank a demand for disbursement of funds and attached documents justifying the incoming payment, in accordance with the notification received from the bank about incoming payment. 

For more information please visit the nearest branch or contact us via e-mail: doznake@halkbank.rs or info.devizno@halkbank.rs

Benefits

Why choose Halkbank a.d. Beograd?

  • Experts who assist you in foreign payment operations
  • Fast processing of payment orders with the value date on the same day
  • The evidence of executed payment is submitted to the client on the payment day
  • Transfer of inflows to the account on the day when allocation is provided
  • The possibility of advance payment of inflows (before value date)
  • All types of foreign collections for legal entities as well as loro transfers in the country, with no fee.

Questions and answers

  • Through Halkbank you can pay to any country in the world in 10 different currencies.
  • The SWIFT address of Halkbank a.d. Beograd is CABARS22.
  • Correspondent banks of Halkbank a.d. Beograd:


Correspondent Bank:

Swift

Currency

Commerzbank AG Frankfurt

COBADEFF

EUR, GBP, CHF,

AUD, CAD, SEK, RUB

KBC Bank NV

KREDBEBB

EUR

Ziraat Bank International AG

TCZBDEFF

EUR

Erste Group Bank AG, Vienna GIBAATWG

USD, EUR

Turkiye Halk Bankasi A.S.

TRHBTR2A

EUR, USD

Halk Banka a.d. Skopje

EXPCMK22

EUR


What is IBAN?

The International Bank Account Number – IBAN is an international standard for identifying bank accounts. IBAN was originally adopted to facilitate payments within the European Union, but today it is one of the basic conditions for automatic data processing for foreign payments. Serbia implemented it on January 1st, 2005 as a technical innovation for facilitating payment operations through the network of foreign correspondent banks.

The IBAN consists of two country codes (ISO 3166-1), followed by a control number (two digits) and up to thirty alphanumeric characters for the domestic bank account number. An IBAN in Serbia consists of 22 alphanumeric codes starting with RS35.

Foreign exchange E-Banking

The clients of Halkbank may carry out foreign exchange transactions with the bank by means of E-Banking. Clients who effect foreign payments from their own foreign exchange accounts and send payment orders electronically, are eligible to a 10% discounted fee. Through foreign exchange E-Banking, clients may also purchase and sell foreign currency and allocate their foreign inflows. All clients interested in using foreign exchange E-Banking can approach their relevant branch / sub-branch or send us an e-mail to devizniebank@halkbank.rs .