Conversion transactions

PJSCCB PRAVEX-BANK carries out intense conversion transactions with the principal world currencies (US dollar, Euro, British pound, Swiss franc, etc.).

Conversion of one cashless foreign currency into another will be carried at international financial market exchange rates that are the most advantageous for clients. Conversion may be carried out on the basis of one filled-in conversion application or payment order in foreign currency with conversion.

An application for conversion of the foreign currency must be used in the event of the subsequent crediting of the converted currency to the client's current account. The application may state either the amount of the currency for conversion or the amount to be received as a result of the conversion.

A payment order in foreign currency with conversion is used if the conversion with the subsequent sending of the currency is necessary. In this event, the converted currency will be transferred to the destination at once without intermediate crediting on the client's current account.

To carry out conversion operations, legal entities can apply to any branch of PJSCCB PRAVEX-BANK.

Conversion on applications for foreign currency conversion, client payment orders in foreign currency with conversion, provided before 12.00 a.m., and for Russian rubles before 10:30 p.m., is carried out on the day of the application, payment order acceptance. Conversion on the documents accepted after the said time is carried out the following banking day.