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

You have the option to order national currency payments from any branch of the Bank regardless of the branch where your account is opened and managed. You can receive or initiate fund transfers from/to a Fibank’s account by an interbank transfer, from/to an account with another bank via the national payment system BISERA or via the real time interbank gross settlement system (RINGS). You just need to know the international bank account number (IBAN), the beneficiary’s name and you have to fill in a payment order for credit transfer. You can initiate a fund transfer from an account opened with Fibank, or by depositing the amount in cash.

  • The interbank fund transfers represent payments between First Investment Bank’s customer accounts and they are executed in real time.
  • Payments via the BISERA (Bank Integrated System for Electronic Payments) system are executed between customer accounts with different banks. Your payment order for credit transfer will be executed and the amount will be received on the same working day or on the next working day, depending on the time you have deposited the payment order at the bank;
  • Payments via the Real-Time Interbank Gross Settlement (RINGS) system are executed in national currency, upon а request by the customer. Payment orders, deposited until 14.45h at office/15.20h through MyFibank are processed and executed immediately and the amounts are credited to the specified accounts within two hours. The payment orders deposited after the time specified are executed on the next working day.