Fund Transfers in BGN

The Bank effects fund transfers in BGN on the Republic of Bulgaria’s territory through BISERA (Banking Integrated System for Electronic Payments), via RINGS (Real-time Interbank Gross-settlement System) and by Instant BLINK transfers
The BISERA system enables execution of payment orders with same-day value date or on the next business day for the Beneficiary’s Bank, depending on the time of receiving the payment order at the Bank. The cut-off time for acceptance of fund transfers with same-day value date is 07.00 PM via the Bank’s online channels
The Payer’s Bank has to submit the payment order to the RINGS system not later than 1 hour after its acceptance/receipt from the customer, while the Beneficiary’s Bank has to credit the Beneficiary’s account immediately after the funds’ receipt
The Blink service is accessible 24/7/365 via the Bank’s mobile and online banking functionalities. The order processing is immediate or near-instant. The payment order amount should not exceed BGN 30 000 (thirty thousand Bulgarian leva), while the fee equals the one for a standard fund transfer in BGN
In case of an unsuccessful Instant (BLINK) Fund Transfer there will be a free-of-charge PUSH, Viber or SMS message, sent to the fund transfer initiator

The cut-off time for acceptance of BGN Fund Transfers is according to the deadlines, stated in Payment Execution Deadlines and Value Dates

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