Standing order for money transfer
Standing order enables payments in the fixed amount in favour of accounts
of natural entities or business entities on the date you set yourself.
With standing orders it is possible to transfer money to accounts managed by Erste bank or to accounts of other banks. When opening a standing order you set payment conditions yourself:
- payment recipient (IBAN account number money is transferred to)
- payment amount – it is necessary to set a fixed amount transferred by standing order (e.g. 20 EUR every 15th of the month), but it is also possible to set the amount in different ways (transfer of all money from the account on a particular date or money transfer above certain amount, etc.)
- payment dynamic (monthly, quarterly, etc.) and payment date
- duration period - it is possible to limit the duration of order execution and if it is not limited it will be executed until it is revoked.
Contracted transfers of foreign currency are only possible between accounts of the same owner opened in Erste bank.
Fee for the execution of a standing order
0,40 EUR *except in cases when Erste bank is in a special legal relationship with the recipientFees relate exclusively to citizens' payments/transfers in favour of business accounts of legal persons Erste bank is in a special business relationship with and the list of the accounts can be found in the flyer Service fees for retail transactions