RINGS is a settlement payment system which carries out the transfer of funds between the settlement bank accounts.
Transfers are executed in real time, following receipt into the system RINGS of a transfer order. For successful transfer in the same day the payment must be executed between 08:00 and 15:30.
Transfers after 15:30 will be ordered for the next working day.
RINGS payments are:
- without amount limitation when they are initiated by the client
- mandatory for amounts equal or higher than 100 000 BGN