National Fund Transfer Company - TRANSFOND S.A. launched SEPA Program, a program that aims to implement a new compensation system that complies with the SEPA requirements of the European Payments Council.
This new compensation system is in operation from November 2nd, 2012.
Changes that impact on customer repayments, are based on the following:
- The maximum length of the Explanatory field that accompanies a transfer of funds must not exceed 135 characters for transfers to other banks;
- The maximum length of the Exploration Field that accompanies a transfer of funds to the State Treasury must not exceed 85 characters in length.
If the information you fill in in the payment order exceeds the maximum number of characters allowed on the new payment system, the Bank will terminate the information up to the maximum number of allowable characters.
We also inform you that in order to adjust the payments to the new settlement system, the Ministry of Public Finance has published the latest version of the Treasury Payment Order (OPT) application containing updated information and providing support to initiate correct payment instructions:
Payment Order / Payment Sheets (OPFV 2012) v. 1.04 of 02.10.2012 (on static.anaf.ro).
In order to finish budgetary obligations, the CIF / CNP / NIF is an essential information for the reconciliation of the amounts collected by the Treasury, this process being based on:
1) the IBAN in which the amount representing the budget debt will be paid and,
2) CIF code (companies) / CNP (resident individuals) / NIF (for non-residents).
When these two pieces of information are missing or incorrectly filled in, without the possibility of accurate identification, the State Treasury can no longer transfer the amount transferred to the beneficiary's account.