Correspondent Banking

Our services at a glance

  • Efficient handling of EUR and local currency payments, interbank as well as commercial transactions  
  • Participant in STEP1/EURO1, Target and all local currency clearing systems in our home market. Access to STEP2 for EU regulated payments      
  • Large world-wide correspondent network    
  • GET Service for commercial payments in EUR (non EU regulated) and local currencies into Austria, Bosnia-Herzegovina, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia as well as EU regulated payments (PSD/SEPA) in EUR and local currency into Erste Group       
  • Maintenance of EUR and local CEE currency accounts with respective account services     
  • Account balance information and transaction reporting
  • Major provider of group-wide cash management services, allowing financial transactions, an overview of balances on all accounts, lower fees, the highest level of security and 24/7 access regardless of the location

Account Services in EUR and local currencies

Take advantage of our group-wide harmonised terms and conditions for account maintenance, statements, etc. for your accounts in EUR and “our“ local currencies.

You enjoy a tailor-made account product which is harmonised for EUR and local currencies according to your requirements.

For detailed terms and conditions please contact your Regional Manager at Erste Group.

Terms & Conditions

General Terms & Conditions applicable to domestic credit institutions and credit institutions abroad.

The banks of Erste Group will apply the following Terms & Conditions for commercial payments routed to them and processed via the Erste Group payment hub:

Erste Bank der oesterreichischen Sparkassen AG

Major correspondents for Commercial Transactions

Please find enclosed Erste Group Bank’s major correspondents for commercial transactions. 

Due Diligence Questionnaire (available only in German for domestic depositary banks)