Foreign currency and EUR payments
- Municipal Bank AD offers all types of payment services in the country and abroad.
- The bank executes payment orders to accounts in the bank's branch network, to accounts in other Bulgarian banks, to accounts in foreign banks from around the globe, pursuant to the applicable legislation in the country.
- Municipal Bank AD receives payments in a foreign currency ordered by other branches of the bank, by other Bulgarian banks, as well as by foreign banks from around the globe.
- The bank trades in foreign currencies against EUR, and conducts arbitrage operations from one foreign currency to another on account or at the cash desk.
• Credit transfer in the Single Euro Payments Area (SEPA)
a) Standard credit transfer to payment service providers in the Single Euro Payments Area (SEPA) – on the same business day, if the payment documents are received in the Bank by 20:00.
b) Express credit transfer to payment service providers in the Single Euro Payments Area (SEPA), if the payment documents are received in the Bank by 15:00 – on the same business day.
c) Instant transfer in Euro BLINK (SEPA INST) - 24 hours, every calendar day of the year. Crediting the creditor`s account within seconds after initiating the payment.
• Credit transfer outside the Single Euro Payments Area (SEPA)
d) Standard credit transfer to payment service providers outside the Single Euro Payments Area (SEPA area), received in the Bank by 3:00 p.m. – on the next business day.
e) Express credit transfer to payment service providers outside the Single Euro Payments Area (SEPA area), received at the Bank by 3:00 p.m. – on the same business day
• To execute a credit transfer in foreign currency, the bank accepts payment documents (transfer orders) on paper or submitted through the “Online Banking” or the „Mobile Banking” service, registering them in the accounting system in the order of their receipt with an indication of the reference number, date, hour and minute. When payment documents have been received by the bank by 3:00 p.m. and they do not indicate an execution date, the transfer orders are executed by the bank depending on the client’s wishes, the type of currency and the applicable payment system, as follows:
- with a value date no later than the next business day - for transfers ordered in euro on the territory of the European Economic Area;
- with a current value date - for express transfers, executed at the Bank’s discretion and if possible, for which an additional fee is charged in accordance with the bank’s Tariff for the conditions, interests, fees and commissions;
- with a value date within two banking business days from the date of their receipt - for transfers that are not ordered in accordance with items 1 and 2.
Payment documents received after the specified time are considered received on the next business day.
For the execution of transfer orders in EUR or foreign currency, the client pays fees and commissions according to the current Tariff for the conditions, interests, fees and commissions that Municipalbank AD applies to its operations.
Payment Services Offered by the Bank
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Until 31 December 2025
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From 1 January 2026
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Credit transfer
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Credit transfer
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Cash transfer
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Cash transfer
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Direct debit
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Service terminated
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Standing orders
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Standing orders
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Budget transfers
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Budget transfers
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Payment Systems for the Execution of Payment Services
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Until 31 December 2025
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From 1 January 2026
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BISERA6 – credit and budget transfers in BGN
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The service will be terminated
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BISERA6 BLINK - instant transfers in BGN
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The service will be terminated
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RINGS - real-time gross settlement system in Bulgaria in BGN
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The service will be terminated
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BISERA – standard credit transfers in euro to PSPs* in the country, reachable via BISERA
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BISERA - standard credit transfers in euro to PSPs* in the country, reachable via BISERA
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STEP2 - standard credit transfers in euro to PSP* in the country and the EEA
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STEP2 - standard credit transfers in euro to PSP* in the country and the EEA
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SEPA INST/TIPS - instant transfers in euro to PSP* in the country and the EEA
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SEPA INST/TIPS – instant transfers in euro to PSP* in the country and the EEA
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TARGET2 - express transfers in euro to PSP* in the country and the EEA
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TARGET2 - express transfers in euro to PSP* in the country and the EEA
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PSP – banks and other payment service providers
Note: Municipal Bank AD executes the listed transfers by taking into account the participation (reachability) of the recipient’s PSP in the respective systems, including when processing instant euro transfers.
Documents