OREANDA-NEWS. October 22, 2012. PrivatBank introduced "Regular payments" service for legal entities. Henceforth, corporate customers can create their own regular payments in Privat24 Internet banking system and automatically pay taxes, transfer money to deposit, and pay the rent, loan or utility bills. Previously this service was only available to individuals.

“Regular payment is a convenient and affordable service that allows you to pay your bills automatically on a specified date,” - said Alexander Nikolenko, the PrivatBank Head of SME Servicing Division. “There is no need to visit the bank’s office every time you need to pay a bill, distracting from your business - PrivatBank will take these concerns upon itself.”

"Regular payment" service is available in two ways. The fastest way is to make regular payment by yourself via Privat24 without visiting the bank’s office. You can also make a contract at the bank’s office, specifying a recipient’s details, payment purpose, frequency of payment and amount.

After each operation a customer will receive an SMS message about funds’ withdrawal from his/her account. Besides, a customer can check online his/her account statement and the fact of payment in Privat24. Payments between PrivatBank accounts are made without commissions, a transfer to an account of other bank will cost UAH1.5. Payments in post-operating time - without additional fees.

Privat24 is the most popular online banking system in Ukraine and one of the largest in Eastern Europe. Today it is available to individuals and corporate customers in Ukraine, Russia, Latvia, Georgia and in some EU countries. Total number of Privat24 clients is 3.5 million, more than 175,000 transactions per day are processed in the system.