Local Money Transfers
UniCredit Bulbank makes interbanking transfers in national and foreign currencies by using real time connection systems between its branches and the head office.
Transfers to and from other banks in BGN are made through BISERA and RINGS national payment systems within 1 hour or 1 day, depending on the selected value date.
International Money Transfers
UniCredit Bulbank executes transfers in all types of currencies to and from countries worldwide through a wide correspondent network. When making international money transfers we recommend using the bank’s form in order to get a better quality service and greater customer convenience.
The Bank executes international transfers in foreign and local currencies to and from any point in the world as requested by the customer:
- Outgoing transfer within 1 working day (ТОМ value date)
- Outgoing transfer with same day value date (upon consultation with a bank officer)
We provide maximum protection of interests of our customers. Therefore, we provide information about all possible options and help you choose the right one for you in each specific case. In terms of payment of costs of each transfer until it reaches the end recipient, there are three options:
All transfer expenses, including those of the Bank shall be borne by the recipient - where the recipient's account is kept in a bank outside the country of the European Economic Area (EEA), irrespective of the currency of payment.
The costs of UniCredit Bulbank are borne by the remitter, whereas the costs of other banks involved in the payment chain are borne by the recipient.
All transfer related costs are borne by the remitter. In addition, he pays a fixed amount. This guarantees the receipt in full of the amount ordered and no additional costs from other banks involved in the payment chain.
Executed by all branches of the bank. Besides transfers initiated in its branches, through the Bulbank Online system the customers can order transfers electronically.
All transfers and payments to and from other banks in Bulgaria and abroad are made in strict abidance by all laws and regulations issued by the relevant regulatory authorities.
|III. Transfers and Direct debit. Money Gram|
|Product / Service||BGN||EUR|
|1.||Incoming local transfers in BGN||free|
|2.||Single outgoing local transfer in BGN|
|2.1.1.c)||between different accounts of one and the same accountholder||free|
|2.2.2.||transfer of cash deposited funds||0,50%, min. 6|
|2.3.2.||transfer of cash deposited funds||0,50%, min. 20|
|3.||Local transfers to State Budget by multi-row payment order|
|3.1.2.||transfer of cash deposited funds||0,30%, min. 6|
|3.2.2.||transfer of cash deposited funds||0,50%, min. 6|
|3.3.2.||transfer of cash deposited funds||0,50%, min. 40|
|4.0||Utility payments and Standing orders|
|4.2.1.||Utility payments (Automatic internal transfers)||0.25|
|4.2.2.||Single utility payment|
|4.2.2.b)||From account in bank branch||1.2|
|4.2.2.c)||From account through channel||0.25|
|4.2.3.a)||between different accounts of one and the same accountholder in the bank||free||free|
|4.2.3.b)||Internal standing orders in BGN||0.55|
|4.2.3.c)||Interbank transfer (outgoing) in BGN||1.2|
|4.2.3.d)||Internal standing orders in FC||According to the Chapter III. Art. 9.1.2.|
|4.2.3.e)||Outgoing cross-border standing orders||According to the Chapter III. Art. 6.1.b|
|5.||Local Direct Debit|
|5.1.2.a)||against an account with another bank||1.8|
|5.1.2.б)||against an account with the Bank||1.12|
|6.||Outgoing cross-border transfers and transfers in foreign currency|
|6.1.||TOM value date (1 working day)|
|6.1.a)||paper order||0,22%, min. 22, max 375|
|6.1.b)||electronic order||0,10%, min.10, max 200|
|6.2.||SAME DAY value date|
|6.2.a)||paper order||0,30%, min. 30, max 450|
|6.2.b)||electronic order||0,22%, min. 22, max 375|
|6.3.||Outgoing cross-border transfer and transfer in foreign currency with a clause "other banks charges - for applicant's account" - (additional fee)|
|6.3.1.||up to EUR 2 500 or its equivalent in other currency, as well as payments in USD or CAD in favour of a beneficiary's account in the USA or Canada (regardless of the amount)||15.0|
|6.3.2.||from EUR 2 500 to EUR 12 500 or its equivalent in other currency||30.0|
|6.3.3.||over EUR 12 500 or its equivalent in other currency||45.0|
|6.4.||Urgent processing upon customer's request – additionally|
|6.4.a)||urgent execution of a payment order submitted within the cut off time||30.0|
|6.4.b)||execution of a payment order submitted after the cut off time||60.0|
|6.5.||Incorrect/ insufficient payment data - additionally||15.0|
|6.7.||Amendment/ cancellation of a transfer order||45.0|
|7.||Money Gram - express international transfers - fees for outgoing transfers||Application 1||as per application|
|8.||Incoming cross-border transfers, executed with SAME DAY value date|
|8.1.1.||up to EUR 50 000 inclusive||0,1%, min. 7|
|8.1.2.||over EUR 50 000||0,07%, min. 45, max. 100|
|9.||Internal transfers in FCY, executed with SAME DAY value date|
|9.1.3.||between different accounts of one and the same accountholder||free|
|9.2.||Withdrawn in cash by the beneficiary||0,6%, min. EUR 15|
|9.3.||Paid-in and withdrawn in cash||0,8%, min. EUR 15|
|1. The execution of a payment order under Art. 6.2. and/or Art. 6.4. and/or 6.6.b). is subject to the Bank's consent.|
|Notes:||2. The return of an incoming customer cross-border transfer as per beneficiary's request is considered to be an outgoing customer transfer.|
|3. Outgoing cross-border transfer which has been returned not at the fault of the Bank is considered to be an incoming customer transfer.|
|4. Conditional payment orders are considered to be documentary letters of credit. Incoming cross-border transfers MT103 should not be used for conditional payments. If used, such payments shall be executed as clean payments without responsibility on the part of the Bank.|
|5. In addition to the fees under Art. 6.1., 6.2., 6.6. and 6.7. SWIFT expenses are also collected.|
|6. PORTO fee is collected in addition to the fees under Art. 6.1., 6.2., 6.6. and 6.7. transferred via Bisera 7 or in case of SEPA CT.|
|7. Due to the specific banking practices of US or Canadian banks, UniCredit Bulbank guarantees that the intermediary bank will execute a payment in USD or CAD under Art. 6.3.1. without any deduction but the beneficiary's bank domiciled in the US or Canada may deduct some charges from the amount of transfer.|
|8. Cross-border transfers include both currency and BGN transfers in favor of beneficiaries/ from ordering customers whose banks are not in Bulgaria, as well as currency transfers (excluding BGN) in favor of beneficiaries/ from ordering customers whose banks are in Bulgaria.|
|9.The fees under art. 4.аrе not due for local standing orders and utility payments provided within Bank Packages/Modula Programme according Section X.|
|10. The fee under art. 4.2.3.e) depends on outgoing cross-border`s special conditions.|
Documents Required for the Execution of Currency Transfers and Payments
For payment of amounts up to BGN 30 000
- Transfer order (form)
For payments in foreign currency exceeding BGN 30 000
- Transfer order (form)
- Declaration Attachment to Article 2, para. 1 of Article 2, para. 1 of the Ordinance on the Information and Documents Submitted to Payment Service Providers in Executing Third Party Cross-border Transfers and Payments (form)
- Documents evidencing the grounds for transfer – contracts, invoices, etc. for countries outside the EEA.
- Cross-border credit transfer 01.12.2016 459.2 KB
- Declaration under art.2, para.1 of the Ordinance 469.9 KB
Note: In accordance with provisions of the Law on Measures against Money Laundering, when executing transactions or deals worth over BGN 30 000 or its foreign currency equivalent or over BGN 10 000 or its foreign currency equivalent respectively, when the account from which the payment will be made is credited by cash, the persons (bank customers) shall declare the origin of these funds. To that end the Bank requires from them to fill out a declaration (an integral part of the cross-border transfer form) under Article 4, para. 7 and Article 6, para. 5, item 3 of the LMML (standard form) before executing the respective transaction or deal, except in cases provided for by law.