The appropriate number MUST be entered into the payment order from the checkbook, which is conducted in accordance with the provisions of the Regulation on the detailed conditions and manner of performing the control of the foreign exchange operations of residents and non-residents (Official Gazette of RS, No. 112/2006).
API Bank will transfer the processed payment orders received by the bank before 12 pm (electronic) and 2 pm (in cash) to their correspondent bank abroad on the same day. Orders received after the specified time are executed on the next business day.
The SWIFT message, as evidence that the payment has been made to the client, can be delivered via
API Bank shall notify the client/exporter on the same business day on all inflows from abroad received by 4 pm.
The Client/Exporter is obliged to notify the bank about the basis of payment and the user of payment within 48 hours. The client may submit the notice with the said data personally or by fax. Upon receipt of this information, the Bank processes the inflow with a value date from the SWIFT message.
In order to get your account approved as soon as possible, please provide your foreign partner with the correct payment instructions in the currency in which you expect to receive the payment