Cheques

First Investment Bank offers you the following services, connected with cheques:

1. Issuance of Bank Cheques:

The bank issues personal bank cheques in the following base currencies: EUR and GBP. These cheques are payable through Fibank's correspondent accounts with first-class banks, such as: Unicredit Bank Austria for EUR and Lloyds Bank for GBP.

What do you need to do?

Fill in and deposit an „Application for Bank Cheque Issuance" at any branch of the Bank and provide the necessary funds on your account.

2. Cheque Collection

First Investment Bank receives for collection different types of personalized cheques - personal, corporate, bank, post, cashier, etc., denominated in the base convertible currencies. For the purpose you will need to have a current account opened with Fibank.
The cheque is presented personally to the bank, and it is endorsed on the back (the endorsement represents a signature of the beneficiary - natural person and a signature and a stamp for a beneficiary - legal entity).
The cheque encashment is usually done within 30 - 40 calendar days after its presentation to the Bank.

What do you need to know?

The cheque payments are done after submission of additional documents in accordance with the effective currency legislation - refer to "Regulatory requirements".

In accordance with the provisions of the Currency Law, Ordinance No27 and Ordinance No28 by the Bulgarian National Bank and the other applicable regulations, First Investment bank requires the following documents:

For Issuance of Bank Cheques:

  • For amounts equal to or exceeding the equivalent of BGN 100 000 - a statistical form according to the sample sanctioned by the BNB. In case of inobservance of the above requirement within the term required, the provisions under art. 19 of the Currency Law shall apply.
  • In case of cheques with BGN equivalent equal or higher than BGN 30 000, documents evidencing the substance of the payment in compliance with Ordinance N28 of BNB and Declaration pursuant to Article 2, paragraph 1 of the above Ordinanceare required only when the beneficiary is from a third country (a State outside the European Economic Area).
  • For amounts equal to or exceeding the equivalent of BGN 30 000 - a funds origin declaration concerning the amount to be transferred.

For Cheque Collection:

  • For amounts equal to or exceeding the equivalent of BGN 100 000 - a statistical form according to the sample sanctioned by the BNB. In case of inobservance of the above requirement within the term required, the provisions under art. 19 of the Currency Law shall apply.

The bank may require from natural persons to ascertain presence or absence of domicile in the Republic of Bulgaria within the meaning of the Currency Law by completing a declaration according to the sample, sanctioned by the BNB, in order to execute cross-border payments or funds transfers.

First Investment Bank maintains correspondent relationships with more than 600 banks all over the world. The large correspondent network facilitates the effecting of international fund transfers.

In addition Fibank offers to its customers a possibility to make international payment transfers in more than 120 exotic currencies.

Fibank is one of the leading banks in terms of international payments and trade financing.

Correspondent Accounts of First Investment Bank (FINVBGSF)

Country/Bank
currency SWIFT
   
Unicredit Bank Austria, Vienna EUR BKAUATWW   
   
ING Bank, Brussels EUR

BBRUBEBB010

   
Bank of Montreal, Toronto CAD BOFMCAT2
   
Industrial and Commercial Bank of China Limited, Luxembourg
CNY
ICBKLULC
   
Danske Bank AS, Copenhagen DKK DABADKKK
   
BNP Paribas, Paris EUR

BNPAFRPP

   
Bayerische Landesbank, Munich EUR BYLADEMM
Commerzbank AG, Frankfurt am Main EUR COBADEFF
Commerzbank AG, Frankfurt am Main AUD COBADEFF
   
Unicredit SpA, Milano EUR UNCRITMM
Intesa Sanpaolo, Milano, Italy
EUR BCITITMM
   
The Bank of Tokyo-Mitsubishi Ltd, Tokyo JPY BOTKJPJT
   
DnB NOR Bank ASA (formerly Den Norske Bank AS), Oslo NOK DNBANOKK
   
Citibank Europe PLC, Dublin, Ireland
RON CITIIE2X
   
OJSC Promsvyazbank, Moscow
RUB PRMSRUMM
Alfa - Bank, Moscow, Russian Federation
RUB ALFARUMM
   
Banco Bilbao Vizcaya Argentaria SA, Madrid EUR BBVAESMM
   
Danske Bank, Stockholm SEK DABASESX
   
Credit Suisse, Zuerich CHF CRESCHZZ80A
UBS AG, Zurich CHF, EUR UBSWCHZH80A
   
Lloyds Bank PLC, London GBP LOYDGB2L
Barclays Bank PLC, London GBP BARCGB22
JPMorgan Chase Bank, London EUR CHASGB2L
   
Bank of New York Mellon, New York USD IRVTUS3N
Citibank N.A., New York USD CITIUS33
JPMorgan Chase Bank NA, New York USD

CHASUS33

Tariff of Fees and Commissions (TARIFF) of First Investment Bank

Foreign Currency Fund Transfers