CKB

International payments (nostro remittances)

  • Facilitate payments
  • Simple way to execute international payments
  • Exceptionally inexpensive way to execute international payments

Product description

FX remittance is an instrument used in international payment operations system. It enables clients to make payments to and receive payments from international partners related to purchasing or selling goods or services. FX remittance, as an international payment instrument, may also be used for transfers of various types of support to public and private sector. It is mostly used in situations where there is trust between partners and should not preferably be used for highly risky payments. Since the fee charged is low, this instrument is most commonly used for FX payments.


Nostro remittance is a remittance by which Bank clients make international payments on different grounds. To perform the payment, the Bank should be provided with the following documents:


  • Invoice, pro-forma invoice or contract based on which the payment is to be made
  • Instructions on FX account of international partner, i.e. recipient
  • Payment order, stamped and signed by authorized person

The product is intended for all legal entities that have a FX account established with the Bank.

Product price

The Bank charges the following fees:


Fees for transfers to Serbia:


  • for amounts up to EUR 5,000 - EUR 15
  • for amounts over EUR 5,000 - 0.3%, but not be less than EUR 26

Fees for transfers to other countries:


  • for amounts up to EUR 5,000 EUR 20
  • for amounts over EUR 5,000 0.3%, but not be less than EUR 31

Provision for conversion of convertible currencies:


  • for amount up to € 20.000, conversion is done by currency rate from exchange list of CKB for foreigne currency without fee
  • for amount from € 20.000 up to € 80.000, conversion is done by currency formed on basis of current course in international financial market, by commission of 0.5%.
  • for amount over € 80.000, conversion is done by currency formed on basis of current course in international financial market, by commission of 0.3%.

If the client wants to bear the costs of the final user of funds (option “OUR”), besides standard commission he has to pay costs of additional commission as follows:


  • From 1€ to 4999€ - 10.00€
  • From 4999€ to 12500€ - 15.00€
  • From 12500€ and more- 20.00€

How to use this product?

It is necessary to have a FX account opened with CKB. The FX account is opened parallel to opening a gyro account with the Bank.

To perform the international transfer, the Bank should be provided with the following documents:


  • Invoice, pro-forma invoice or contract based on which the payment is to be made
  • Instructions on FX account of international partner, i.e. recipient
  • Payment order, stamped and signed by authorized person (Form No. 70)

The OP Form should be delivered in original, while the remaining documentation should be provided for the review only.


The documentation must be submitted to the International Payments Department.