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FX inflows (Loro remittances)

FX (Loro) remittance is an instrument used in international payment operations to receive money from abroad.

Target clients

The product is intended for all natural persons who have a transaction account for international payments opened with the Bank.


Advantages

  • Quick way of collecting funds from abroad
  • Secure and efficient inflow from abroad

To receive a Loro remittance, the client needs to have a transaction account for international payments opened with the Bank.

The documents required for receiving a Loro remittance:

  • Instructions for foreign payments (the client's IBAN and SWIFT code).
    You can get these instructions in one of the CKB branches, or by e-mail, if you have a signed statement on sending documentation by e-mail, or via E-banking, upon request. If you are a user of E-banking or if you have signed a statement on sending the documentation by e-mail, the Bank will send you a Loro remittance by e-mail, as a confirmation of the inflow received.

Fees

The fees charged by the Bank depend on the inflow amount, as follows:

  • amounts up to EUR 3,000 - 1%of the amount
  • amounts from EUR 3,000 to 50,000 - 0.5%of the amount
  • amounts over EUR 50,000 - 0.3% of the amount