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How is the Standing Payment Order executed?

Payment can be executed on the day after activation of the Standing Payment Order. The Standing payment is executed within the day specified in the order, as long as there are funds in the account sufficient to make the payment and to pay the bank’s commission fee. If there are not sufficient funds in the account on the day of payment execution, payment attempts will be repeated for 10 business days until the moment when the funds necessary to make payment and pay for the bank's commission fee are credited to the account. The bank does not make standing payment in parts if there are not sufficient funds in the account. If the currency of the standing payment differs from the currency of the account from which the payment shall be made, the bank will covert the funds at the exchange rate of the bank that is in effect that day.

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