Payment Execution S.r.o. SWIFT/BIC code

SWIFT/BIC code of Payment Execution S.r.o.

Whether a recipient gives you PAERCZP1 or PAERCZP1XXX, it is the identical address for Payment Execution S.r.o. in Czechia. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. You will need it mostly for payments that cross a border and payments in foreign currencies.

On this page you will find what the code means, when it matters and what else you need for a transfer to or from Payment Execution S.r.o.. A SWIFT code names an institution, not a specific account, which is why you always need the account number too.

How long does an international transfer to Payment Execution S.r.o. take?

There is no single delivery time for international payments: some land the same day or the next while others need several business days. Weekends and public holidays in either country add a day or more. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, contact the sending bank for the status so they can trace it along the chain. Money transfer services often provide tracking in their app so you can see how far the money has got.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Why Payment Execution S.r.o. has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. The result is PAERCZP1.

Many payment forms accept either length. If a form requires eleven characters, enter PAERCZP1XXX, otherwise PAERCZP1 is fine.

Type the code as one block, in upper case and without spaces, exactly as shown here. Watch for the letter O and the digit 0 and the letter I and the digit 1.

Sending CZK to Payment Execution S.r.o.

Czechia pays in the Czech Koruna, with the currency code CZK. If you send another currency gets converted somewhere along the way – by your bank, by Payment Execution S.r.o. or by a bank in between. You rarely see a separate charge for that conversion; it is built into the rate.

Which bank converts the money makes a difference: every bank has its own margin. Often you pay less if you send CZK directly through a transfer service with a good rate.

Exchange rates change all the time. For recurring payments, small differences in the rate add up over time.

Euro transfers to Payment Execution S.r.o.: is a BIC needed?

Within the SEPA zone, euro payments to an account in Czechia use the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing for those payments.

For anything other than euros and for senders outside SEPA, PAERCZP1XXX or PAERCZP1 is still required. Some banks and apps also show a field for the BIC; if so, fill in PAERCZP1 or PAERCZP1XXX.

SEPA transfers normally land within one business day, and instant transfers in seconds where both banks support them. As long as the payment stays in euros, the transfer is cheap.

A note on our data

The codes on this page come from publicly available data which we refresh regularly. Even so, banks merge or change codes and our data may lag behind. The figures we show are based on what is in our directory, not official figures from Payment Execution S.r.o..

Treat our directory on this page as a helpful check and rely on the recipient or Payment Execution S.r.o. for the final confirmation. GoldexPay is an independent comparison site for money transfers and not part of Payment Execution S.r.o.. Should you notice a mistake, we appreciate a short note via the contact page.

Paying someone abroad from your Payment Execution S.r.o. account

What you pay for a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup.

Many banks rarely show their exchange rate markup separately. An easy check: put the rate you get next to the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay we compare the amount that arrives across providers, so you can pick the cheapest route. You can still use your account at Payment Execution S.r.o..

What to give a sender who pays you at Payment Execution S.r.o.

To receive a transfer from abroad into your account at Payment Execution S.r.o., the sender has to have not just the BIC. The basics are: the account holder’s name, account number or IBAN, PAERCZP1XXX and often your home address.

Some sending banks want the bank’s address in Prague, so keep it at hand. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments differ per bank. On invoices, you can state how the fees are split to avoid a shortfall.

Head office or branch code at Payment Execution S.r.o.?

Payment Execution S.r.o. uses 8 different SWIFT/BIC codes. One of them is the head office code, PAERCZP1XXX; the others identify branches or departments.

Unless the recipient tells you otherwise, go with PAERCZP1XXX. Just use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

The best way is to take the code straight from the recipient’s invoice. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

Changed bank details? Be careful

Stay alert when a contact unexpectedly asks you to send money to another account abroad. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Never rely on contact details in the same message that contains the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from without delay and ask them to start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference. Wait until the money is actually in your account – ask Payment Execution S.r.o. if something looks wrong.

Verifying the SWIFT code of Payment Execution S.r.o.

The best place to find the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. When the code you were given does not match PAERCZP1 or PAERCZP1XXX, stop and ask: check with the recipient or with Payment Execution S.r.o. directly.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees along the way. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a name check on the recipient gives an extra layer of safety. Sending a small amount first is a sensible step for large sums despite the extra fee.