Cash Management

Starting with encashments on current account and up to constitute overnight deposits your funds are managed fast and professionally.

Foreign exchange
The bank processes in the name of the customer buying or selling transactions on foreign currency interbank market. For buying/selling foreign currency in the market, the client must fulfill a buying/selling order.
Foreign currency payments
  • The client can order FX payment in favor of Credit Europe Bank(Romania) SA' s customers or other banks' customers, the country and abroad.
  • For the last kind of transfers, the used system is SWIFT. The client, as ordering customer, has to fulfill a Foreign Payment Order.
  • The beneficiary's bank credits his account after one banking day, if the payment is ordered in one of the following currencies – USD, EUR, CHF, GBP- or after two banking days for the other currencies.
  • On request, external payments can be made urgently in line with intenal procedures regarding liquidity and cut off times for payment processing.
  • Foreign Currency payments are made according with NBR Regulations.
Foreign currency incomes
For FX incomes, coming from non-residents, the resident customers have to fulfill a foreign currency income statement.
Cash Transactions

Cash deposit

  • The customer can deposit money in his account directly to the cashiers.
  • Due to the banking system, the account could be credited from any branch, no matter in what branch the customer opened his account in the beginning.
  • For amounts more than 15,000 EUR or equivalent, the client will fulfill a statement regarding the source of funds.
  • There is no commission for cash deposit for individuals. The list of commissions for the time being is available for cash deposit for companies.

Cash withdrawal

  • The client can make cash withdrawal from any branch.
  • For amounts more than 15,000 EUR or equivalent, the client will fulfill a statement regarding the real beneficiary of money.
  • For the amounts representing cash withdrawals from the current account, the commission charged by the bank is according with the List of charges and commissions in force at that time.
  • transfers between Credit Europe Bank's customers;
  • are made on-line;
  • used instruments:
    • ordinary payment order
    • crossed cheque
    • promissory note
  • payments ordered by Credit Europe Bank's customers to other bank's customers;
  • incomes received by Credit Europe Bank's customers from other bank's customers;
  • payments/ incomes between Credit Europe Bank's customers and TREASURY;
  • used instruments:
    • ordinary payment order
    • special payment order for Treasury payments
    • crossed cheque o promissory note
Cheques and P/N
The resident companies can make payments to their suppliers by using also cheques and promissory notes. Issuing a crossed cheque book is made only after the Central of Payment Incidents is consulted. Conditions for issuing a crossed cheque book:
  • The account must be opened with at least one month before
  • The customer must have an average turnover in the last three months of 3,000 EUR
  • No payment incidents registered at Central of Payment Incidents
Also, the clients can deposit the cheques or promissory notes received from their partners in order to be collected. Based on the form fulfilled by the client, the bank remits for collection these documents from Credit Europe Bank (Romania) S.A. customers or other commercial banks. Collection of these documents is made according with NBR Regulations regarding clearing through Transfond.
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