In the Czech Republic, the constant symbol is an identifier given for bank payments, which was mandatory for all payments before the Czech Republic joined the EU. Since 2004, it has been mandatory only for payments constituting state budget revenue or expenditure and for payments abroad or for payments between foreigners in foreign currency.
What is the constant symbol for?
The constant symbol was a maximum ten-digit number used to identify the payment in detail. The obligation to use constant symbols was abolished in 2011, so we rarely see it nowadays, for example when paying taxes to the state budget.
What are the most commonly used constant symbols today?
- 0001 for non-cash payment by bank transfer
- 1148 for non-cash payment by bank transfer
- 1149 for cash payment by ordinary postal order.
Did you know that other payment identifiers are the specific and variable symbols?