PAYMENT EXECUTION S.R.O., Primary Office , PRAGUE, Czech Republic
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| BIC Name / Bank name / Institution Name | PAYMENT EXECUTION S.R.O. |
| Bank Code / Institution Code | PAER |
| Country | CZECH REPUBLIC |
| Country Code (ISO 3166) | CZ |
| City | PRAGUE |
| City Code | P1 The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office |
| Branch Code | DEU |
| Swift Code / BIC Code |
PAERCZP1DEU
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| Address | |
| Zip Code / Postal Code | |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Bank IBAN Compliant | Yes, PAYMENT EXECUTION S.R.O., is IBAN Compliant. |
| Calculate Czech Republic IBAN Numbers | |
| Validate Czech Republic IBAN Numbers | |
| SEPA Credit Transfer Status | Account holders of this branch can Receive Payment through SEPA Network |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of PAYMENT EXECUTION S.R.O. the first four characters from left PAER indicates that it is PAYMENT EXECUTION S.R.O..
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of PAYMENT EXECUTION S.R.O. characters 5 and 6 from left CZ indicates that bank is in CZECH REPUBLIC. It means that all the banks located in CZECH REPUBLIC will have CZ at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of PAYMENT EXECUTION S.R.O. characters 7 and 8 from left P1 indicates that bank is in PRAGUE. It means that all the branches of PAYMENT EXECUTION S.R.O. located in PRAGUE will have P1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of PAYMENT EXECUTION S.R.O. characters 9 - 11 from left DEU indicates branch code. It means that PAYMENT EXECUTION S.R.O. Branch code: DEU is used for branches located at :. If XXX are in 9-11 place then it means that it is the Head Office of Bank / Financial institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.