UBS e-banking helps you to select the cheapest order type for the payment details entered when entering international payment orders.

For example you can make international payments in euro as cheaply as domestic payments, thanks to the new SEPA (single euro payments area) payment order – the result of an initiative by financial institutions in the EU, EEA and Switzerland.

The advantage of a SEPA payment is that, where payment is received promptly, the payee is credited with the full transfer amount as early as the next bank working day, at no additional expense to you, even if currency conversion is involved

There are two further payment types – Abroad extra and Abroad – available, and UBS e-banking will recommend the most suitable option according to the details you enter (e.g. currency, amount, destination, urgency).

Payments involving regular deadlines and fixed amounts to the same recipients are carried out automatically

Standing order only needs to be entered once

Payments anywhere in the world in all tradable currencies

Details can be changed or the standing order cancelled at any time

You can choose any payment dates you wish

You do not waste time generating individual payments

You do not have to monitor payment due dates

The electronic payment orders are prepared in your accounts payable or salary accounts programme in DCE format. You can then use the data transfer function to transfer them in a DCE file to UBS.

Incoming payments files from orange payment slips (BESR) and from direct debiting system LSV can be downloaded onto your computer for automatic reconciliation with your accounts receivable data.

You can, of course, call up the status of the payments transferred and implement any changes which are necessary.