Money Transfers
Local Cash Transfers
UniCredit Bulbank effects internal banking transfers in national and foreign currency, using systems for connection in real time between its branches and the Head Office. Transfers to and from other banks in BGN are performed through the national payment systems – BISERA and RINGS within from 1 hour up to 1 day.
Cross-border Cash Transfers
UniCredit Bulbank performs transfers in currencies of all types from/to countries all over the world through a vast correspondent net of foreign and Bulgarian banks. With the purposes of the Client convenience, as well as aiming to provide qualitative service, the Bank recommends that its sample forms be used upon ordering cross-border transfers. The Bank performs cross-border transfers in foreign and domestic currency to and from each place in the world, according to the Client’s wish:
- Outgoing transfer - SPOT date of value – within 2 business days;
- Outgoing transfer - ТОМ date of value – 1 business day;
- Outgoing transfer – date of value the same day (after reconciliation with a Bank employee).
Our aim is to protect the interests of our Clients to the maximum extent, for that reason we provide information for all possible solutions, thus helping you choose the most appropriate option for you which fits best your specific case. Regarding the payment of the charges till a transfer reaches the end recipient, the possible options are three:
- Option BEN – All charges remain at the expense of the recipient, being deducted from the amount of the transfer;
- Option SHARE – The charges of UniCredit Bulbank are at the expense of the ordering party and the charges of the other banks, participating in the payment chain are at the expense of the recipient;
- Option OUR – All charges on the transfer are at the expense of the ordering party. The ordering party pays additionally fixed amount, which guarantees that the ordered amount is received, as well as that no additional expenses on behalf of the other banks, participating in the payment chain are to be charged.
The standard payments are performed by all branches of the Bank. Except transfers, initiated on the cash-desks of the Bank, through the service Bulbank online (reference to Bulbank online), the Clients may perform transfers in electronic way, as well. In case you need any additional information, you may receive it at the nearest office of UniCredit Bulbank (reference to a list with the branches of the Bank) or get in touch with us.
All transfers and payments to and from other banks in the country and abroad are performed upon strict observation of all legal and sub-law regulations of the respective legal authorities.
Necessary documents for performing of currency transfers and payments:
For payments with equivalence up to TBGN 25.
Order for transfer (sample form of UniCredit Bulbank)
For amounts in foreign currency with equivalence over TBGN 25.
Order for transfer (sample form of UniCredit Bulbank)
Documents, certifying the reason for the transfer – Agreements, invoices, etc.
Remark: Pursuant to the ordinances of the Law on Measures against Money Laundering the persons (Clients of the Bank), performing operation or deal amounting to above BGN 30 000 or their equivalence in foreign currency, respectively - above BGN 10 000 or their equivalence in foreign currency, when the account, from which the payment is to be effected, is deposited in cash, they shall declare the origin of these amounts. With this purpose, the Bank shall require from them to fill-in a Declaration (which is an inseparable part of the form for ordering a cross-border transfer) under art. 4, par. 7 and under art. 6, par. 5, item 3 under the Law on Measures against Money Laundering (as per a sample) before the performing of the respective operation or deal, with the exception of the cases, indicated by law.
