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 are carried on international financial markets at exchange rates that are the most advantageous for clients. Conversions 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 foreign currency is used in the event of subsequent crediting of the converted currency on 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 the conversion is used if the conversion with the subsequent sending of the currency is necessary. In this case, the converted currency will be transferred to its destination at once without the intermediate crediting on the client's current account.

To carry out conversion operations, individuals can apply to the Head Office or 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 acceptance of the payment order. Conversion on documents accepted after the said time is carried out the following day.