In the current complicated international environment, taking care of the interests of each client and strictly respecting the applicable legislation with regard to restrictive measures imposed by the UN, the EU and OFAC, remains our priority with due respect and responsibility.
In connection with the execution of cross-border transfers from/to Russia, we would like to inform you that the bank cannot commit to or give a firm confirmation that each transaction will be executed in a timely manner, given the need to perform checks in accordance with the regulations, procedures and sanctioning regimes in force that banking institutions should comply with when executing payment transactions.
Still, even today, we, UniCredit Bulbank AD, remain committed to making additional efforts for the correct application of the restrictive measures, taking into account the legal requirements in each individual case.
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 transfers in all currencies specified in п. III of the Interest Rate Bulletin for legal entities and sole traders 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.
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.
Documents Required for the Execution of Currency Transfers and Payments
For payment of amounts up to EUR 15 000 or their equivalent in another currency
- Transfer order (form)
For payments in foreign currency exceeding EUR 15 000 or their equivalent in another currency
- 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 - 22.02.2021 498.0 KB
- Declaration under art.2, para.1 of the Ordinance 469.9 KB
- Cross-border credit transfer in EUR for the EEA - 22.02.2021 715.6 KB
Note: In accordance with provisions of the Law on Measures against Money Laundering, when executing transactions or deals worth up to EUR 15 000 or their equivalent in another currencyor over EUR 5000 or their equivalent in another currency, 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.