Outgoing transfers

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:

  • Payment orders received before 3 p.m. are executed on the same working day.
  • Payment orders received after 3 p.m., but within the working hours of the bank are executed on the same working day for the account of the ordering party but the amounts are credited to the beneficiary’s account 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.


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 Х      
 9 a.m. to 12 a.m.   Х    
12 a.m. to 3 p.m.     Х  
after 3 p.m.       Х
  • 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 Х      
 11 a.m. to 2 p.m   Х    
2 p.m. to 4 p.m.     Х  
after 4 p.m.       Х

 

Transfersthrough 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.

Documents