On 31 January 2016, the SEPA two-year transitional period, during which banks could accept domestic payment orders with account numbers in the old format (basic account number/bank code) from their clients, ended. From 1 February 2016, the SEPA rules must be fully complied with.
It means that the account number and account numbers of your partners in Slovakia and in the countries which have adopted the SEPA Regulation can be used only in the international IBAN format in business communication with your partners as well as in payment orders. The IBAN format of your account is stated in the heading of your account statement or you can obtain it via the IBAN calculator published at www.unicreditbank.sk in the Useful Information section, link. The IBAN account number is also a unique identifier of the bank in the countries which have adopted the SEPA Regulation, and therefore the bank code (BIC) will no longer have to be entered from 1 February 2016. Identification of the bank is required only for non-SEPA payments.
The European Community (EU) is a single payment services area, and therefore every SEPA payment within this area (save for the countries which have adopted the SEPA Regulation but they are not a part of the European Economic Area: Monaco, Switzerland and San Marino) complies with the condition of identical price and speed of crediting of the payee's account now. Moreover, from 1 February 2016, every SEPA payment is carried out in the same technical standard, and therefore there will be only one for entering SEPA payments, which will have to be used by banks and their clients. Therefore, the bank doesn´t accept paper domestic payment orders containing non-IBAN account numbers from clients. In the Internet banking, the bank cancelled the Domestic Payments form and there are only two basic forms from 1 February 2016 - one for entering SEPA payments within all SEPA countries, including Slovakia, and one for entering Cross-Border Payments in foreign currencies or, as the case may be, outside SEPA countries.
In payments within Slovakia, we continue to apply variable symbols as payment identifiers. Variable symbols can be entered in payment orders as a 10-digit code individually or together with specific and constant symbol. As an alternative, you can use the SEPA payment reference, the so-called E2E reference; if symbols are entered, no E2E reference may be entered at the same time, and vice versa.
Should you have any questions, please, contact your banker. General information and the electronic banking SEPA manual are available at our web page www.unicreditbank.sk, in the Individuals/Useful Information/SEPA Payments Manual section or use the following link.
UniCredit Bank CZ&SK, Branch Slovakia