The bank executes intrabank and interbank transfers in BGN by orders of its clients.
- Intrabank transfers: They are executed on the day on which they are ordered /within the working hours of the the bank/
- Interbank transfers: They are executed via the national BISERA and RINGS systems for payments
Transfers through BISERA
Terms for acceptance and execution of credit transfers to non budget accounts:
- Payment orders received before 3 p.m. at the offices of the bank are executed on the same working day
- Payment orders received after 3 p.m., at the offices of the bank are executed on the next working day
- Payments orders received before 5.45 p.m. through Virtual bank are executed on the same working day
Terms for acceptance and execution of payments to budget accounts:
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Payment orders to budget accounts, received before 3 p.m. are executed on the same working day
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Payment orders to budget accounts, received after 3 p.m., are executed as per the table below and the amounts are credited to the beneficiary’s account on the next working day
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If the order is received on a non-working day of the bank, it is considered as received on the first next working day for the bank
Time table for execution of transfers through BISERA:
- Transfers through Virtual bank::
| Order a transfer | Receipt at 10 a.m. | Receipt at 1.30 p.m. | Receipt at 4 p.m. | Receipt at 10 a.m. next working day |
| by 9 a.m | X | |||
| 9 a.m. to 12 a.m. | X | |||
| 12 a.m. to 3 p.m. | X | |||
| after 3 p.m. | X |
- Transfers deposited at a bank counter:
| Order a transfer | Receipt at 1.30 p.m | Receipt at 4 p.m. | Receipt at 10 a.m. next working day | Receipt at 1.30 p.m. next working day |
| by 11 a.m | X | |||
| 2 p.m. to 4 p.m. | X | |||
| 2 p.m. to 4 p.m. | X | |||
| after 4 p.m. | X |
Transfers through RINGS
- Executed in real time within 1 hour after the moment of acceptance of the payment order
- Executed depending on there quest of the client without limits to the amount and an explicit instruction for execution of payment through RINGS
- Executions through RINGS areo bligatory for all payment equal to or over BGN 100.000
Terms for acceptance and execution:
- Payment orders received before 3 PM are executed on the same working day
- Payment orders received after 3 PM are executed on the next working day
- If the order is received on a non-working day of the bank, it is considered as received on the first next working day for the bank
