Payments

Account Opening

Open your business account quickly and easily, complete the forms, attach the required documents and send them to your Relationship Manager.

Status Documentation

LEGAL ENTITY :
Certificate of Incorporation/ Memorandum of Association/ Extract from the court register/ Original document confirming the establishment of a business entity (not older than 90 days)

• Notice of Classification [of a business entity] according to the National Classification of Economic Activities (NKD) by the Croatian Bureau of Statistics (DZS)
• Photocopies of identification documents of the persons authorised to represent the entity/owners and of the persons authorised to access i.e. handle funds in transaction accounts  
• Certificate of the Taxpayer Identification Number (OIB), if it has not been already specified in the Decision onIincorporation i,e. the Certificate of Incrporation /Notice of Classification (NKD)
• Extract from the Register of Beneficial Owners (not older than 30 days)

SPECIAL PURPOSE ACCOUNT:
An excerpt from the law clarly showing that funds should be exempt from Execution/ Enforcement 
The Decision on the basis of which a special purpose account is to be opened.

For General Terms and Documents for opening transaction account follow the link

SEPA

SEPA (Single Euro Payment Area) is a unique payment system for payments in EUR, within and between member states of the EU/EEZ.  Obtain timely information about all the changes brought by the SEPA payment system, the effective date of the new rules for payment transactions, the obligations in the transaction market and whom they belong to, how everything being said affects the business transactions of your company and alike, by visiting the website SEPA.hr – where you can find a bulk order CONVERTER in pain.001. and instructions for using the converter.
Since 6 June 2016, the Unique summary of basic models of “reference number” is being used, with the following changes: 
•    the content of the reference number must correspond to the model, otherwise the payment order shall not be executed
•    introduction of the HR69 model with P3 (third data in the reference number) from the Codebook of the types of personal benefits and other personal income
•    compulsory use of the HR00 model when the reference number content is not under control
•    compulsory use of the HR99 model in cases when there is no content in the reference number
•    text supplement with the HR34 model (additional explanation of the use of this model).
Certain information may be verified in the info leaflet: SEPA 2016.
SEPA DIRECT DEBIT 
From 5 June 2017, the use of SEPA direct debits under the rules of the Basic and Business HRK SDD Scheme began in the Republic of Croatia.
 Direct debit is a payment service for debiting the payer's account when the payment transaction is initiated by the payee using the payment service provider.   
 The benefits of direct debits enable:
- facilitated business operations
- more secure execution and more efficient charging within the previously defined deadline
- more efficient liquidity management and repayment of receivables
- a standardized format for payment files
- the option of sending payment files through just one bank
 Technical adjustments on the side of the payee:
- creating a payer's consent database
- adjust the payment file in XML format according to ISO20022 standard – pain.008;
- adjust the delivery of order status information and prescribed codes – pain.002;
 The required documentation and final formats are available on the official SEPA website http://www.sepa.hr/upute-za-korisnike/.
Detailed rules and conditions are defined in the Rules of the Basic and Business SDD HRK schemes, which you can find on the official website: http://www.sepa.hr/upute-za-korisnike/sheme-za-sepa-izravno-terecenje/
You can also become the initiator of the direct debit order and enter into a SEPA direct debit contract with us.
For any further information, contact your Client Relationship Manager. 
 

Collections from abroad

For foreign currency collection from abroad, it is necessary to provide the following information to the partners:
•    full name and the address of the beneficiary
•    IBAN or account number
•    BIC (SWIFT address) of the business bank
•    BIC (SWIFT address) of the Privredna banka Zagreb d.d. is PBZGHR2X
Information on the IBAN and BIC code (SWIFT address) enables efficient order processing and faster approval of your account.
BIC – Bank Identifier Code or a SWIFT address is a unique international code/address of the bank.
BIC (SWIFT address) of the Privredna banka Zagreb d.d. is PBZGHR2X and you are required to submit it, among other data, to your partners for foreign currency collection from abroad.
Information on the BIC code (SWIFT address) enables efficient order processing and faster approval of your account.
IBAN – International Bank Account Number is a unique international identifier of the client's account at the bank, determined in accordance with the international standards of the European Commission for Banking Standards ISO 13616.
The IBAN was introduced on 1 July 2003 through an agreement between the EU Member States and is one of the basic conditions for the automatic processing of payment orders in the banks of the European Union.
The IBAN contains a maximum of 34 alphanumeric characters that precisely identify the state, bank and the client's bank account. Such account determination enables automatic orders to the client’s account.
If the IBAN is not specified in the payment order, foreign banks subsequently charge for the processing costs.
If you are submitting a payment order electronically, the IBAN is entered without empty fields or spaces, while on a paper payment order, each of the four characters must be separated by one blank space.
 

Documentary collection

Documentary collection is a written order from the exporter to the Bank to deliver to the importer the presented documents on the basis of which an importer has access to the goods, but only under certain conditions of payment (by paying, accepting bills of exchange or the fulfilment of other agreed conditions).
The advantages of documentary collection are simple procedure, low cost and an equal risk for business partners.
However, two basic conditions must be met if you decide to use documentary collection:
•    entities in foreign trade must be mutually recognized as reliable business partners, and
•    the economic, political and legal environment in the buyer's country must be stable and without special import and foreign currency restrictions.
Depending on your requirements and needs, we are offering the following types of documentary collection:
•    Documents against Payment (D/P), delivery of documents with payment;
•    Documents against Acceptance (D/A), delivery of documents with the acceptance bills of exchange;
•    Acceptance Documents against Payment (Acceptance D/P) – collection with acceptance – delivery of documents with payment