CKB

OTP Express Payments

  • Facilitate quick execution of international payments
  • Inexpensive way to execute international payments
  • Widespread correspondent network of the Bank

Product description

OTP Express Payment represents a service that enables all OTP Group clients to make payment on the same day at a more favourable fee. This product can be used by any individual having an account opened with CKB and other OTP Group member banks.

OTP Express Payment may be used for payments made in EUR, USD and HUF, both incoming and outgoing transfers.

Product price

Prices within OTP Group

  • Incoming transfers:
    • 0,1% of the transfer amount, i.e. min. EUR 10, max. EUR 100
    • value date: T+0 which means money available on the date of receipt
    • cut-off time (end time to submit application) for OTP Express payments: before 02:00 p.m. local time (CET)
  • Outgoing transfers:
    • 0,1% of the transfer amount, i.e. min. EUR 10, max. EUR 100
    • cut-off time (end time to submit payment) is 12:00 a.m. local time (CET)

Prices out of OTP Group:

  • Outgoing transfers:
    • on the amount up to EUR 1500 - EUR 15
    • amounts from EUR 1500 up to EUR 3000 - EUR 30
    • amounts from EUR 3000 up to EUR 5000 - 1% of the transfer amount
    • amounts over EUR 5000 - 0,5% of the transfer amount
  • Incoming transfers:
    • on the amount up to EUR 3000 - 1% of the transfer amount
    • amounts from EUR 3000 up to EUR 5000 - 0,5% of the transfer amount
    • amounts over EUR 5000 - 0,3% of the transfer amount

How to use this product?

OTP Express Payment is a service that is exceptionally easy to use. To effect an international payment, you need to provide the International Payments Department with an invoice or other relevant documentation, along with payment instructions, and the payment will be effected.