National Currency Fund Transfers

Dear Customers,

Please be advised that, in connection with instructions of the Bulgarian National Bank and the Ministry of Finance effective from 01.10.2023, there will be changes in payment orders for transfers from/to accounts of budget organizations, including such initiated through My Fibank electronic banking and My Fibank mobile application, namely:

  1. Filling in some of the previously existing fields in the Payment order for payments from/to the budget shall be no longer required, such as: type, number and date of the document for which payment is made; period for which payment is made;
  2. New fields are introduced: SEBRA code/Principal centralized identifier and Centralized code, to be filled in only in the case of centralized cash balance accounts, transit accounts, or other accounts specified by the Ministry of Finance of budgetary organizations or persons under Art. 156 of the Public Finance Act;
  3. The Payment type code field can be filled in (optionally) only when transferring amounts to accounts with account type identifier 84 (13 and 14 position of the IBAN);
  4. The multi-line Payment order for payments from/to the budget is abolished;
  5. The Budget payment order is renamed Budget payment request. This document shall be used when initiating payment requests through SEBRA, and refer only to budget authorisers.

 

Additional information about changes in NRA TD accounts can be found on the NRA website.

Information about changes in the execution of transfers from/to accounts of budget organizations
General Information

We offer you a variety of options for making payments in EUR:

  • Intrabank transfers - between accounts at First Investment Bank, executed in real time;
  •  SEPA credit transfers are executed between customers with accounts at different banks/payment service providers. Your transfer order will be executed and the amount will be credited to the account specified by you within the same or the next business day, depending on the time of submission of the order to the bank;
  • Through the Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET), payments in EUR are made at the customer's request. Orders submitted by 17:30 pm at a Bank office and via MyFibank are processed and executed immediately, while payment orders accepted after that time are executed on the next business day.
  • Payments in euros to payment service providers outside the EEA are made as foreign currency transfers through correspondent banks.

 

You can make payments from any branch of the Bank, regardless of which branch your account is opened and serviced at.