Enables the processing of payment and collection operations in cases where the currency of payment is different from the currency of the paying account (for payment operations) or the currency of the beneficiary account (for collection operations)

Examples:

• payment operations: the bank's customer initiates a payment operation, ordering the bank to perform the transfer of an amount in a currency (such as EUR) that is different from the currency in which the paying account is open (such as RON);
• collection operations: the bank's customer receives a collection operation relating to an amount in a currency (such as GBP) that is different from the currency in which the beneficiary account is open (such as RON).

• Efficiency:
  • by using exchange rates that are better than those practiced by exchange offices
  • no extra fees, other than the fees related to the payment or collection operation, which are set depending on the currency of the payment order and the destination of the payment/source of collection.
• Flexibility, through the automatic conversion from/into the currency of the bank account associated with the collection/payment operation
• Accessibility, through advantageous processing deadlines

For additional information, please contact the Cash Management specialist within BCR or use the contact information from the Cash transactions section of this portal.