Published on 14 February 2017
Effective from 1 March 2017
PUBLIC ANNOUNCEMENT with turnover separate fee
on financial institutions(B) and commissions, fees and costs applicable to the HUF and FOREX accounts1 of domestic and foreign
medium-sized and large companies
(for financial institutions(B) having bank account at OTP Bank Plc.; new customers opening bank account at OTP Bank Plc.
after 1 January 2013 and for re-contracted customers)
I. Account-keeping, current account transactions
1.) Account opening
Free of charge
2.) Account-keeping*
2.1.)
HUF accounts
a.)
current accounts for enterprises
HUF 4,500
b.)
current accounts for non-profit organizations
HUF 4,500
c.)
OTP e-HUF current accounts
HUF 4,500
d.)
current accounts of foundations and charities
HUF 1,680
e.)
savings accounts
HUF 0
f.)
other accounts
HUF 1,680
g.)
technical accounts
HUF 0
2.2.)
FOREX accounts1
a.)
enterprises
HUF 4,500
b.)
non-profit organizations
HUF 4,500
c.)
foundations
HUF 4,500
c.)
savings accounts (EUR, USD)
HUF 0
2.3.)
Account packages
a.)
“TERRA” account package – for small-scale farmers and small
agricultural businesses16
HUF 2,688
b.)
“KAPCSOLAT” account package – for medium-sized enterprises17
HUF 6,454
ELECTRA service package – per bank accounts
HUF 4,500
involved into the service package 18
under Act XV of 2003, separate fee due on accounts blocked because of
HUF 100
deficient data (in addition to the fee under points 2.1 and 2.2)
Payable on transactions on the given account affected by the law on effective financial
Turnover separate
transaction fees; until the amount of the fee indicated on the bank account statement
fee***
calculated according to the scale of fees defined by the law.
c.)
2.4.)
2.5.)
3.) Initiation of transfers, book transfers, collection and administrative orders
3.1.)
Domestic HUF and intra-bank FX transfers
commission on domestic inter-bank HUF transfers (on HUF
account*)
commission on domestic intra-bank HUF and FOREX transfers (on
HUF account*)for enterprises, non-profit orgs., foundations.
a.)
b.)
3.2.)
OTP e-Forint current account* (only domestic HUF turnover))
a.)
inter-bank domestic HUF transfers
0.162 %, min. HUF 215, max. HUF
106,123
0.139 %, min. HUF 68, max. HUF 106,123
a.a.)
via electronic channel6
0.108 %, min. HUF 108
a.b.)
in a paper-based format
0.108 %, min. HUF 108 + 0.162 % special
fee
b.)
intra-bank domestic HUF transfers
b.a.)
via electronic channel6
0.080 %, min. HUF 33
b.b.)
in a paper-based format
0.079 %, min. HUF 33 + 0.080 % special
fee
3.3.)
International HUF and FOREX transfers, inter-bank FOREX transfers 14
a.)
standard transfers (value date T+2)
a.a.)
via electronic channel 2
0.12 %, min. HUF 3,300, max. HUF 80,000
a.b.)
in a paper-based format
0.15 %, min. HUF 3,300, max. HUF 80,000
b.)
urgent transfers
b.a.)
via electronic channel 2
0.12 %, min. HUF 3,300, max. HUF 80,000
+ HUF 5,000
b.b.)
c.)
c.a.)
c.b.)
d.)
in a paper-based format
not available
SEPA transfers (EUR transfers to EU, Norway, Switzerland, Liechtenstein, Monaco and Iceland) (15)
d.a.)
via electronic channel 2
d.b.)
in a paper-based format
e.)
4.)
0.15 %, min. HUF 3,500, max. HUF 80,000
+ HUF 5,000
Euro expressz transfers (EUR account, EUR currency, via e-channel 2, urgent transfer initiated until 12:00 am, T+0
fulfillment)
0.12 %, min. HUF 3,500, max. HUF 80,000
via electronic channel 2
+ HUF 5,000
in a paper-based format
transfers within OTP Bank Group
0.12 %, min. HUF 3,300, max. HUF 15,000
0.15 %, min. HUF 3,300, max. HUF 15,000
5
e.a.)
standard transfers (value date T+2)
e.b.)
OTP Expressz (value date T+0)
HUF 3,000
HUF 5,000
3
f.)
Surcharge of imprecise or incorrect orders
3.4.)
Occasional intra-bank HUF transfer to collective account
20
0.139 %, min. HUF 68, max. HUF 106,123
3.5.)
Book transfer between own accounts
3.6.)
Transaction fee of transfers and book transfer in addition to the commission in point 3.1. b.) and 3.5.)
a.)
from Business and “KAPCSOLAT” Savings accounts
3.7.)
transaction fee of book transfer from FOREX savings account to own FOREX account
a.)
FX Savings account (EUR)
0.01 %/item, max. HUF 50,000
b.)
FX Savings account (USD)
0.004 %/item, max. HUF 50,000
3.8.)
Initiation of collection and administrative orders
HUF 315
3.9.)
Initiation of domestic VIBER (Real Time Gross Settlement
System) item in HUF to domestic destinations to the charge of a
FOREX account
0.539 %, min. HUF 10,760, max. HUF
106,123
3.10.)
Special fee of orders with enhanced data content *19
3.11.)
Recall of the amount of mistakenly fulfilled transfers from the
account holder’s fault
3.12.)
Intra-bank HUF transfers to bankcard account (exclusively
applicable for transactions executed by OTP Direct call center or
internet bank)
0.4 %, min. HUF 450
a.)
crediting of domestic HUF transfers (VIBER as well)
Free of charge
b.)
crediting of international HUF transfers
Free of charge
c.)
commission on crediting of FOREX transfers from foreign and other
Hungarian banks (if the client does not undertake to bear third-party
bank costs)
Free of charge
0.025 %, max. HUF 50,000
HUF 500 / item
(HUF 50 / item until withdrawal or at the
latest until 31.12.2017)
HUF 8,900 / item + postage under the
prevailing standard tariffs (free of charge
until withdrawal or at the latest until
31.12.2017)
Credits
c.a.) up to EUR 1007
c.b.) over EUR 100
5.)
HUF 2,000
7
d.)
payments at post offices (fee of postal intermediation)
e.)
cash deposit in ATM to HUF bank accounts and account packages 23
Free of charge
0.06 %, min. EUR 6, max. EUR 60
postage under the prevailing
standard tariffs
0.053 %, min. HUF 212 (HUF 0.0265
%, min. HUF 106 until withdrawal or
at the latest until 01.03.2018)
Teller desk transactions8
5.1.)
Teller desk withdrawals
a.)
in HUF (on HUF account*)
0.269 %, min. HUF 377
b.)
in foreign currency
1.076 %, min. HUF 1,176
c.)
bulk withdrawals (in addition to points a) and b))
in accordance with a case-based
agreement
5.2.)
Teller desk deposits8
a.)
in HUF
a.a.) in banknotes*
0.054 %, min. HUF 215
In coins (In addition to the fee items listed in the Announcement on
a.b.)
the fee items of the distribution of banknotes and coins)
0.054 %, min. HUF 215
b.)
c.)
in foreign currency
b.a.) in banknotes
0.807 %, min. HUF 1,076 /item
USD, EUR, GBP, CHF coins equal to or exceeding denomination
b.b.) 1(In addition to the fee items listed in the Announcement on the fee
items of the distribution of banknotes and coins)
Free of charge
bulk disbursement (in addition to points a) and b))
Free of charge
6.) Direct debit in HUF (from HUF account in HUF)**
6.1.)
Direct debit in Hungary (charged per item direct credit)
a.)
inter-bank HUF transfers
0.139 %, min. HUF 43
b.)
intra-bank HUF transfers
0.070 % + HUF 22
6.2.)
Direct collection in Hungary (charged per item direct debit)
a.)
inter-bank collection, initiated item
HUF 12
b.)
inter-bank collection, credited item
0.080%, min. HUF 21
c.)
intra-bank collection, initiated item
HUF 22
d.)
intra-bank collection, credited item
Free of charge
6.3.)
Other services related to direct payments (forwarding of
message/authorization outside the bank)
HUF 21 + VAT / transaction
6.4.)
Commission charged to the obligor’s bank account in the case of direct debit
a.)
b.)
6.5.)
inter-bank direct debit in addition to the percentage proportion of the
commission in point 3. b
intra-bank direct debit in addition to the percentage proportion of the
commission in point 3. b
Recall of the amount of mistakenly fulfilled transfers from the
account holder’s fault
HUF 108
HUF 0
HUF 25,000 / package + postage under the
prevailing standard tariffs (free of charge
until withdrawal or at the latest until
31.12.2017.)
7.) Cheque
a.)
cheque issued by OTP Bank
in a paper-based format
0.15%, min. HUF 2,500, max. HUF
100,000
b.)
re-purchase undrawn OTP-issued cheque
Free of charge
c.)
purchase of cheque
0.8%, min. HUF 3,000
d.)
cheque purchase with collection
0.2%, min. HUF 3,000, max. HUF 100,000
e.)
bounced cheque
HUF 3,000
f.)
purchase of cheque drawn on OTP
HUF 500
8.) Documentary transactions
8.1.)
Export prompt collection
a.)
Sending of documents and/or B/E for collection
0.2 %, min. HUF 7,000
b.)
Modification and cancellation of prompt collection
HUF 6,000
8.2.)
Export L/C (including domestic HUF L/Cs)9
a.)
Advising of L/C or raise without assumption of obligation
0.15 %, HUF 7,000, max. HUF 150,000
b.)
Certification of L/C (in addition to the advising commission)
in accordance with a case-based
agreement, subject to the risk assumed by
the opening bank
c.)
Drawdown of L/C (inspection of documents, crediting)
0.2%, min. HUF 7,000
d.)
Advising of modification of L/C (except raise)
HUF 6,000
e.)
Transfer of L/C
0.2%, min. HUF 7,000
f.)
Record-keeping of deferred payment
HUF 6,000/occasion
g.)
Assignment of L/C
0.1%, min. HUF 7,000
h.)
Discounting of L/C with deferred payment
in accordance with a case-based
agreement, subject to the risk
assumed by the opening bank
i.)
Preliminary inspection of documents in connection with L/C
HUF 3,000/occasion
8.3.)
Import collection (if the commission is charged to our client)
a.)
Arrangement of import collection (documents and/or B/L)
0.25 %, min. HUF 7,000
b.)
Modification, cancellation)
HUF 6,000
c.)
Delivery of documents without payment
8.4.)
Import L/C (including domestic HUF L/Cs)9
a.)
Opening, raise of L/C payable at OTP Bank Plc.
a.a.) in the case of full coverage
without full coverage
a.b)
0.20 %, min. HUF 7,000, max. HUF
100,000
0.25 %, min. HUF 7,000
in addition to the fee specified in
point 8.4. a.a) in accordance with a
separate agreement
Opening, raise of L/C payable at foreign or other Hungarian bank
b.)
b.a.) in the case of full coverage
0.3%, min. HUF 7,500
without full coverage
in addition to the fee specified in
point 8.4. b.a) in accordance with a
separate agreement
c.)
Certification of L/C by foreign bank
cost of certifying bank
d.)
Drawdown of L/C (inspection of documents, crediting)
0.2%, min. HUF 7,000
e.)
Modification of L/C (except raise)
HUF 6,000
f.)
Record-keeping of deferred payment
HUF 6,000/occasion
8.5.)
Received guarantee (including domestic FOREX guarantee and international HUF guarantee)
b.b.)
Advising of guarantee issued by another bank, advising of raise,
validation of authenticity (without risk assumption)
Advising of guarantee modification other than raise (without risk
assumption)
0.15%, min. HUF 7,000, max. HUF
150,000
Drawdown of guarantee
0.2%, min. HUF 7,000
c.)
Second guarantee (with risk assumption)
in accordance with a case-based
agreement, subject to the risk
assumed by the opening bank
8.6.)
Issuance of guarantee (including domestic FOREX guarantee and international HUF guarantee)10
a.)
Issue, raise and advising of guarantee
a.)
b.)
a.a.) One-off issuance commission
HUF 6,000
0.25%, min. HUF 8,000
Risk assumption fee
in addition to the fee specified in point
8.6. a.a) in accordance with a separate
agreement
b.)
Modification of guarantee (except raise)
HUF 6,000
c.)
Management of called guarantee
0.2 %, min. HUF 7,000, max. HUF
100,000
a.b.)
9.) Other services related to points 3.c, 6, 9 and 10
a.)
Separate banker’s correspondence, complaints, urgency calls for
payment
HUF 3,000
b.)
Photocopy of receipts (e.g. SWIFT photocopy)
HUF 500
c.)
Release of consignment mailed to OTP’s address/order
0.2%, min. HUF 7,000
d.)
Consultancy fee (L/C, draft guarantee wording at the client’s
request)
HUF 7,000
e.)
Obtaining bank information on client
HUF 5,000
f.)
Modification, cancellation of transaction orders
HUF 3,000
g.)
Fee of debiting and crediting notice by items connecting international
payments
HUF 1,000
10.) Standing/future value date orders in HUF on HUF account (in addition to points 3 and 5)
a.)
upon payment of tax and social security contributions
Free of charge
b.)
upon increase of deposited amount with a fixed amount
Free of charge
c.)
in any other case
HUF 121/order
11.) Management of contingent HUF orders on HUF account
a.)
b.)
c.)
In the case of queuing other than the order of receipt of orders
In the case of branch queuing of uncovered payment orders
following compulsory queuing, based on agreement
Queuing of one-off transfers within a day fulfilled via Electra Terminal
(based on separate agreement started with 1 July 2012)
HUF 1,650/order
HUF 1,650/order
HUF 2,900 / account / month (free of
charge until 31 December 2013)
12.) Bill of exchange
a.)
B/E fee in the case of protest
one-off 0.3 %
b.)
Management fee of safe-keeping custody (FOREX)
13.) Scheduled blocking on FOREX account
HUF 5,000
HUF 2,500
14.) Bank information
a.)
At the written request of the account-holder
b.)
Account information disclosed for the purpose of auditing
According to special agreement but min.
HUF 5,490
According to special agreement but min.
HUF 5,490
15.) Delivery and modification of certifications
a.)
coverage certificate provided/modified on P.3.T based on its amount
0.11 %, min. HUF 1,580
b.)
certification of placement of property collateral
0.11 %, min. HUF 1,580
c.)
Certification of collection orders
HUF 1,110 apiece
d.)
other certification (e.g. execution of transfer order, payment of
ordinary share capital)
HUF 1,650 apiece
16.) Bank statement
a.)
mailing of bank statement (according to turnover, paper-based)
a.a.) domestic destination*
Free of charge
a.b.) abroad
Free of charge
b.)
fee for branch retention*
HUF 1,110/ account-holder
c.)
rent of deposit box*
HUF 1,110/ account-holder
d.)
bank statement at a separate request
According to special agreement but min.
HUF 330 per booking day
17.) Fee charged for photocopies
a.)
accounting document and other banking document
b.)
other documents related to account-keeping
According to special agreement but min.
HUF 440 apiece
According to special agreement but min.
HUF 440 apiece
18.) Mailing of foreign exchange rates
HUF 500 apiece
19.) Actually incurred postage
postage under the prevailing standard
tariffs
20.) OTPdirekt ELECTRA client terminal service
Installation
a.)
a.a.) installation by OTP
HUF 42,200 + VAT
a.b.) downloaded via the Internet
HUF 10,500 + VAT
Use of software*
b.)
(13)
- below HUF 300 million annual account turnover
HUF 1,050 + VAT/software
- annual account turnover between HUF 300 to 2,000 million
HUF 740 + VAT/software
- over HUF 2,000 million annual account turnover
Free of charge
Other related fee items
c.)
c.a.)
Renting of modem*
c.b.)
Renting of PC*
c.c.
HUF 765 + VAT
Renting of PC (request prior to 1 May 1999)
HUF 1,110 + VAT
Renting of PC (request subsequently to 1 May 1999)
HUF 5,490 + VAT
Renting of printer*
HUF 765 + VAT
21.) Forwarding credits on closed accounts according to agreement
22.)
a.)
Contributor bank fee (simultaneously with signing the agreement, in
advance, in a lump sum, due for the agreed period)
b.)
Commission on payment
c.)
Postage cost
HUF 10,000/month/account
standard tariff without maximum
value based on transfer type fixed in
the agreement
postage under the prevailing standard
tariffs
Disbursement of subsidy conforming to clause (2.7) of section (2) of annex (1) of Act 1995 / CXVII. on the
Personal Income Tax21
a.)
prompt transfer
b.)
direct debit
c.)
standing debit
3.9% in addition to the fee specified in
point 3.
3.9% in addition to the fee specified in
point 6.
3.9% in addition to the fee specified in
point 10.
II. Customs teller desk services
1.) Commission on services
2.) cash deposit
(in addition to the commission on the service)
0.46 %, min. HUF 600/service
in accordance with I. 5. 2 point of the current PUBLIC ANNOUNCEMENT
3.) Commission on Internet service (16)
0,41 %, min. 520 Ft/item
4.) delivery of ad hoc certification evidencing the
payment of customs duties debt and customs bond
HUF 1,000 apiece
III. On-line service for electronic query of certificate of incorporation
1.) Until 20 kB document
2.) Exceeding 20 kB-ot document
HUF 1,490 Ft/download
HUF 1,490 until 20 kB, HUF 35/kB above 20 kB
IV. Late payment of fees, commission and costs
1.)
Late payment penalty interest rate applicable to the period of default
a.)
in respect of HUF account
b.)
in respect of FOREX account
if overdraft facility is connected to the account, the transaction interest rate of it + 6%
p.a., if not, 26,9 % p.a.
if overdraft facility is connected to the account, the transaction interest rate of it + 6%
p.a., if not, 22,6 % p.a.
V. Employer’s product package service
1.)
Annual fee of employer’s product package service
HUF 3,000,000
a.)
In case of Gold offer
Free of charge
b.)
In case of Platinum offer
Campaign: free of charge until further notice
c.)
In case of Diamond offer
Campaign: free of charge until further notice
Payment of commission, costs and fees in the account-keeping currency upon incurrence; the items marked with * are due monthly, on the last working day of the
month, those marked with** are due quarterly, on the last working day of the quarter. Due of the items marked with *** is the same day of the accounting of other
account management fee.
Notes:
(1)
Currencies in which accounts are kept: USD, EUR, CHF, GBP, CAD, SEK, JPY, BGN, RUB, RON, HRK, RSD, AUD, CZK, PLN, NOK,
TRY, CNY (in case of TRY and CNY currency trade is not possible)
Orders submitted via OTPdirekt Electra Terminal, the OTPdirekt service or any electronic data connection
An order is qualified as “incorrect or incomplete” if:
the destination of the payment transaction is a country where client accounts are identified with IBAN (International Bank Account
Number) and/or banks are identified with SWIFT BIC (SWIFT identifier), nevertheless the order fails to indicate either code or indicates
ether code data erroneously or deficiently;
the balance of payment legal code of transaction is not indicated or inaccurate.
The current member states of the EU are Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, he United Kingdom,
Estonia, Finland, France, Greece, Holland, Ireland, Poland, Latvia, Lithuania, Luxembourg, Hungary, Malta, Germany, Italy, Portugal,
Romania, Spain, Sweden, Slovakia and Slovenia.
The current member of OTP Bank Group
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Slovakia
OTP Banka Slovensko A.S.
Serbia
OTP Banka Srbija A.D.
Bulgaria
DSK Bank EAD
Russia
OJSC OTP Bank Russia
Romania
OTP Bank Romania S.A.
Ukraine
CJSC OTP Bank Ukraine
Croatia
OTP Banka Hvratska D.D
Montenegro
Crnogorska Komercialnaja Banka A.D, Podgorica
Orders submitted via the OTPdirekt service
Or its equivalent in other foreign currency
In respect of all other teller desk services, the Announcement on “The fee items of the distribution of banknotes and coins” shall prevail.
OTP Bank Nyrt. conducts domestic HUF L/C transactions with a transactional value of over HUF 500,000 charging the fees specified in
points 8.2 and 8.4.
In the case of the Bank's risk assumption exceeding the fees, a risk assumption fee depending on the client’s rating is charged. The
guarantee fee is determined on a case basis, depending on the client’s rating.
The Bank applies a case-based exchange rate over EUR 50,000.
In the case of foreign trade foreign exchange rates, the Bank applies a standard rate between EUR 50,000 and EUR 100,000 and a
case-based rate over EUR 100,000.
The fee is set one year in advance, on the basis of the account turnover at OTP Bank Plc.
In case of FX and international HUF transfers, OTP Bank Plc. block an additional 0,5 % above the basic sum of the transaction in order
to covering the costs and commissions of the transfer and the possible exchange risk.
Initiated orders, which have to be fulfilled for a client of a SEPA-member bank in EUR currency, contains the IBAN of the beneficiary
and SWIFT BIC of it’s bank, and there is no indication concerning undertake the third party bank costs. If the beneficiary’s bank is not
available in SEPA, if it is possible, the transaction up to EUR 50,000 is fulfilled in EBA STEP2 system debited by the same fee. If it is
impossible, the bank fulfils the order as standard transfer charging with standard fees.
The fee of the “TERRA” account package, recommended for small-scale farmers and small agricultural businesses includes the
account-keeping fee of one HUF bank account, the account-keeping fee of one HUF detached bank account and the monthly fee of the
OTPdirekt Internet service. Other fees, commissions and expenses shall be charged based on the amounts listed in this
Announcement.
The fee of the “KAPCSOLAT” account package, recommended for medium enterprises includes the account-keeping fee of one
“KAPCSOLAT” HUF bank account, the account-keeping fee of one “KAPCSOLAT” savings account and the software fee of the
OTPdirekt Internet or Elektra service. In addition, the fee per item applying to intra-bank HUF transfers initiated electronically
corresponds to the minimum fee set forth in point I.3.b. of this Announcement. The package furthermore contains one MasterCard
Unembossed business card, the first annual fee of which is not charged by the Bank, and for a period of one year the commission on
every second issuing or advising of a documentary credit, and the commission on every third prompt collection is borne by the Bank.
Other fees, commissions and expenses shall be charged based on the amounts listed in this Announcement.
Existing or recently opened HUF and FX accounts can be involved into ELECTRA service package. Software usage of OTPdirekt
Electra terminal and authentic electronic bank account statement is free of charge in this package.
Effective from: 01.07.2012. In accordance with the Business Regulation on Payment Services of OTP Bank Plc., based on separate
agreement between the Customer and OTP Bank Plc., in case of orders with extended (HCT C2B) data content connecting to one-off
transfers provided via OTPdirekt internet and Electra Terminal services in HUF to HUF account.
Pursuant to Act CXVI of 2012 on Financial Transaction Duty, “transfers between own accounts shall be intra-bank transfers between the
accounts of the same Account Holder, where the client initiating the transfer is identical to the recipient. Such operations include
transfers between the Account Holder’s sole trader account and private retail account (including retail accounts with multiple owners
where one of the account owners is the sole trader). Transfers to loan accounts do not qualify as transfers between own accounts. In
case of transactions where the Account Holder transfers money to its home pre-savings account held by OTP Lakástakarék Zrt, the fee
applicable to intra-bank transactions between own accounts shall be applied.
In accordance with clause (a) of section (1) of para (1) and section (6) of para (2) of the decree on special regulations of tax-free
mortgage subsidy by the employer, no. 15/2014. (IV.3) of the NGM (hereinafter NGM decree); OTP Bank shall prepare and provide the
client with a statement, conforming to the Act on Personal Income Tax, on the account of non-refundable subsidy received, until the 31st
January following the calendar year such subsidy was paid. OTP Bank shall prepare a statement on any non-refundable subsidy paid
and received after 1st May 2014 on condition that the employer has already met its obligations, as set out a clause (4) of para (2) of the
NGM decree, by disclosing relevant information on OTP Bank’s dedicated website. This fee is not applicable provided that employer
has entered into a bilateral agreement with OTP Bank on terms and conditions of OTP ADLAK, which is the fee charged for, including
but not limited to, these particular loan administration services.
The detailed terms and conditions of crediting bankcard accounts please refer to the Debit Card Business Regulations and OTP
Commercial Banking Regulations for OTP Direct.
For further information cash deposits in ATM-s please, refer to the Terms and Conditions for Cash Deposits in ATM.
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(A) The fee charged for cash deposits in ATMs has been adjusted proportionally with CPI in 2016 which made changes necessary in the
General Terms and Conditions for Business. The rate of adjustment of this fee, as disclosed in this Announcement, is 0,4%, conforming
to provisions in the section (14) of Debit Card Business Regulations, which is the equivalent of the CPI published by the Central
Statistical Office.
(B)
Financial institutions defined by the 3.§ (4)e) point of the law CXVI. year 2012 on financial transaction fee.
VI.
Exchange rates related to payments turnover11
HUF account
1.)
2.)
3.)
4.)
FOREX account
FOREX account with
conversion
Transfers in HUF
1.1.)
Intra-bank transactions
a.)
Crediting
–
FX selling rate
–
b.)
Debiting
–
FX purchasing rate
–
1.2.)
Domestic inter-bank transactions
a.)
Crediting
–
FX selling rate
–
b)
–
FX purchasing rate
–
1.3.)
Debiting
International inter-bank
transactions
a.)
Crediting
–
FX selling rate
–
b)
Debiting
–
FX purchasing rate
–
Transfers, documentary transactions, guarantees in FOREX
2.1.)
Intra-bank transactions
a.)
Crediting
b.)
2.2.)
Debiting
Domestic inter-bank
transactions
a.)
Crediting
b)
2.3.)
Debiting
International inter-bank
transactions
a.)
b)
FX purchasing rate
–
FX selling rate
–
foreign trade FX purchasing
rate12
–
foreign trade FX selling rate12
–
Crediting
foreign trade FX purchasing
rate12
–
Debiting
foreign trade FX selling rate12
–
FX purchasing rate/FX selling
rate
FX purchasing rate/FX selling
rate
FX purchasing rate/FX selling
rate
FX purchasing rate/FX selling
rate
FX purchasing rate/FX selling
rate
FX purchasing rate/FX selling
rate
Turnover due to FOREX-based cheques
a.)
Crediting
Cheque purchasing rate
–
b)
Debiting
Cheque selling rate
–
Cheque purchasing rate/FX
selling rate
FX buying rate/cheque selling
rate
Teller desk turnover
4.1.)
HUF deposits and withdrawals
a.)
Crediting
–
FX selling rate
–
b)
–
Cheque purchasing
–
4.2.)
Debiting
Currency deposits and
withdrawals
a.)
Crediting
purchase of currency
–
Cheque purchasing/FX selling
b)
Debiting
sale of currency
–
FX purchasing/cheque selling
Information on the general terms and conditions of the performance of the international HUF and FOREX and domestic
FOREX payments
1.
2.
The above announced commissions apply to standard transactions only. Commissions on special transactions are subject to separate
agreements.
Commissions are charged
-
in the currency in which the account is denominated;
on the basis of the foreign currency amount of the payment order;
upon execution of the order;
at effective OTP foreign-trade exchange rates
3.
In addition to the above announced commissions charged by our bank, payments may be subject to third bank charges and additional fees
(i.e. courier mail, DHL, TNT etc.) payable by the customer.
4.
Letters of credits and Documentary Collections are handled pursuant to The Uniform Customs and Practice for Documentary Credits in effect
(ICC Publication) and The Uniform Rules for Collections in effect (ICC Publication) respectively, even if they are not stipulated by the
Drawer/Applicant.
5.
Imprecise and/or incomplete orders are kept on hold at the liability of the ordering customer until required details are duly provided.
6.
Charges of unsettled payments returned by foreign banks are to be borne by the ordering customer.
7.
Payment orders – either paper-based or electronically initiated – submitted until 14:00 are considered to be arrived on that certain banking
day. Payments submitted after this time limit or beyond business hours, will be considered to be arrived on the next banking day.
8.
Payments within the European Economic Area (EEA)
The European Economic Area consists of the Member States of the EU as well as Norway, Liechtenstein and Iceland. The officially listed
currencies of the EEA countries with OTP Bank Plc. are as follows: HUF (Hungarian forint), EUR (euro), BGN (Bulgarian lev), CZK (Czech
koruna), DKK (Danish krone), CHF (Swiss franc - Liechtenstein), NOK (Norwegian krone), PLN (Polish zloty), RON (Romanian leu), SEK
(Swedish krona), GBP (British pound).
Electronically initiated payment orders are executed - from the point in time of receipt of the payment order by the payment service provider of
the ordering customer till the point in time of crediting the amount of the transaction to the beneficiary’s account - within 3 banking days at the
latest. The execution of paper-initiated payment orders shall not be later than 4 banking days.
In case of payments outside the EEA execution times are subject to payments processing rules adopted in the country of the beneficiary’s
payment service provider, which OTP Bank Plc. is unable to take liability for.
9.
Priority payment orders are executed with value on the following banking day (D+1).
10.
Priority EUR payment orders submitted until 12:00 (Euro express) are executed with same day value (D) in favour of the beneficiary bank.
11. Customers are required to give notice of priority payment orders in excess of 1 million USD, EUR, CHF or GBP one banking day prior to
initiation of the transfer. International Banking Operations must be informed of the notification on.
12. In case of express transfers within OTP Group beneficiary’s account shall be credited on the day of initiation of the payment.
13. In case of payments in excess of EUR 50.000 standard one-off rates, while in case of payments in excess of EUR 100.000 one-off rates shall
apply.
14. Upon receipt of foreign currency payment orders, funds are blocked at OTP FX (Foreign Exchange) sell rate in effect, increased by FX rate
risk margin and commission.
15. Ordering customer accounts are debited on the day of execution of the payment order, at the effective OTP foreign trade FX sell rate. OTP
Bank Plc. has two foreign trade FX rate quotations a day: the first at 12:00 noon, the second at 14:00. Application of either of the
aforementioned rates depends on the time of submission of the payment order, pursuant to the bank’s internal regulations.
16. The first OTP FX rate quoted on the day of execution is applied to documentary payments and payments that require further correspondence.
17. OTP Bank Plc. can only accept and execute payment orders compliant with its business policy.
Publication: 15 February 2014