Payment order

The payment order is a basic payment instrument for transferring funds not involving cash. They can be initiated both electronically (through electronic and Internet banking) and on paper, both in lei and in foreign currency.

  • Smaller risks in comparison to transfers involving cash
  • Reduced costs in comparison to cash and debit instruments
  • Instant transfer and 24/24h to a large pool of beneficiaries with accounts open at BCR

Description

Payment orders to beneficiaries having accounts in different banks are sent electronically, through the Transfond clearance house (for lei transfers within Romania), as well as through the extended network of correspondent banks within the Erste group for transfers in foreign currencies or outside of Romania.

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