Payment operations abroad

The recipient of the funds must hold a foreign currency payment account in the currency of the incoming transfer.

• Incoming payments are processed efficiently, on the same day the value date occurs.

• The Bank notifies the client – the recipient of the funds – on the value date or, at the latest, on the following business day.

• There are options for allocating the received funds at any branch of the Bank or via the electronic banking service (E-banking).

In accordance with the Decision on the Manner of Conducting Payment Transactions with Abroad, the following procedures apply for incoming payments:

• Funds are credited directly to the recipient’s payment account without the need to submit any documentation.

• Funds are credited to the resident recipient’s payment account after submitting the required documentation for the following types of transactions:
  

  • Collection of dividends and other returns from the resident’s investments abroad treated as direct investments

  • Withdrawal of an investment from abroad classified as a direct investment

  • Sale of securities or equity interests abroad treated as direct investments

  • Collection from the issuance and listing of domestic securities abroad

  • Collection from the sale of real estate abroad owned by a resident

  • Collection from the rental of real estate abroad owned by a resident

• Transfer of funds from a resident’s payment account abroad to their payment account with a domestic payment service provider

• Collection from the sale of foreign securities treated as portfolio investments

• Inflows based on insurance

• Collection of an amount equal to or exceeding EUR 50,000

Incoming Payments are processed via:

• SEPA Scheme
  For euro incoming payments from countries participating in the SEPA scheme. These transactions are always in euros and executed with SHA charge type (shared costs).
  
  

• SWIFT Network
  For incoming payments in euros and currencies other than euro.

Fees

• SEPA Scheme
  

  • Up to EUR 500 EUR 0.16

  • EUR 500.01 – EUR 12,500 EUR 2

  • EUR 12,500.01 – EUR 50,000 EUR 4

  • Above EUR 50,000.01 EUR 5

• SWIFT Network
  

  • 1% of the MKD equivalent, minimum MKD 250

Required Documentation

• The payer must have a foreign currency payment account in the currency of the transaction.

• The client must submit to the Bank valid documentation in accordance with the regulations for conducting international payment services.

• Payment transactions are executed in accordance with the Bank’s order execution schedule.

• Fast and efficient execution of international payments is available at all Bank branches or via the E-banking service.

• Thanks to the Bank’s extensive SWIFT network with banks worldwide, clients avoid unnecessary intermediary charges.

• Payments based on the sale of an investment considered a direct investment

• Payments for investments in foreign securities by residents, treated as portfolio investments

• Payments for the purchase of real estate in the Republic of North Macedonia by a non-resident

• Payments of income from renting real estate in North Macedonia owned by a non-resident

• Transfer of funds from a resident’s payment account with a domestic payment service provider to an account abroad

• Capital transactions based on an enforceable title or forced payment based on such a document

• Payments in amounts equal to or greater than EUR 50,000

• SEPA Scheme

• SWIFT Network

• SHA – Shared charges (each party pays its own bank fees)

• OUR – All charges are paid by the sender

• BEN – All charges are paid by the recipient

• Credit Transfers in the Branches

  • Up to EUR 500 - EUR 4

  • EUR 500.01 – 12,500 - EUR 6

  • EUR 12,500.01 – 50,000 - EUR 10

  • Above EUR 50,000.01 - EUR 16

• Electronic Credit Transfers

  • Up to EUR 500 - EUR 1

  • EUR 500.01 – 12,500 - EUR 3

  • EUR 12,500.01 – 50,000 - EUR 8

  • Above EUR 50,000.01 - EUR 10

SWIFT Network 

• Up to EUR 50,000.00 - 0.50%, minimum EUR 4 + SWIFT MKD 350

• Above EUR 50,000.01-0.27% + SWIFT MKD 350

• Up to EUR 2,500 • EUR 10

• EUR 2,500.01 – 12,500•EUR 20

• EUR 12,500.01 – 50,000•EUR 40

• Above EUR 50,000.01•EUR 50

Checks drawn on foreign banks

• Commission in the amount of MKD 3000 paid in advanced when taking the cheque  + 3.00% of the check amount minimum 1,000 MKD per check after check payment

Payment schedule for execution of payment transactions abroad in Stopanska banka AD Skopje

SWIFT Payments

SEPA Payments