Central Cooperative Bank Interbank transfers in foreign currency
- CCB offers fast, secure and high quality cash transfers in foreign currency via S.W.I.F.T It is possible to order and receive interbank domestic and international foreign currency transfers at any office of the bank.
The well-developed correspondent network of over 250 first-rate foreign banks, as well as the qualified CCB staff, ensure the rapid, accurate and maximum correct transfer of funds to customers of other banks anywhere in the world.
Along with routine transfers with a 2-day value date (spot), CCB offers its clients the option for fast and express transfers - with one-day value date (tom) and same-day value date.
The interbank S.W.I.F.T transfers are one of the most reliable and fast forms of international payments - both to your trading partners and to your friends and relatives.
Foreign currency transfer order
Pursuant to the provisions of the Foreign Exchange Act, Ordinance 27 and Ordinance 28 of the Bulgarian National Bank, in the case of cross-border transfers for amounts up to BGN 30,000 or the equivalent in another currency, the customer is required to presents only a duly completed transfer order in Latin letters.
In the case of cross-border transfers or payment to a third country* for amounts of BGN 30,000 or more or their equivalent in another currency:
completed form in Latin letters
document certifying the reason for payment (as per Ordinance 28 of the BNB) - e.g. proforma invoice, invoice, contract
declaration of origin of funds in compliance with the Measures against Money Laundering Act (MAMLA).
In case of foreign currency transfers effected on the territory of Bulgaria, no documents certifying the reason for payment are required. The customer should provide the following documents:
completed form in Latin letters
declaration of origin of funds in compliance with MAMLA -only where the transfer amount exceeds BGN 30,000.
*Documents certifying the reason for payment in case of foreign currency transfers are required only where the transfer is made to a third country. A third country means a non-EU country and a country outside the European Economic Area (EEA) and where the payment service provider of the beneficiary operates.
The following beneficiary's data is required for the transfer:
IBAN or account number
Name and address of the beneficiary
SWIFT/BIC code of the beneficiary's bank where the transfer is ordered for a bank in a country outside of the European Economic Area
Name of beneficiary's bank.
Pursuant to the Measures against Money Laundering Act, a declaration of origin of funds is also required to be completed when the amount of the transfer exceeds the equivalent of BGN 30,000.
According to SWIFT standards, three options for the allocation of bank commissions for currency transfers ordered from a CCB account are defined:
OUR - all bank commissions are borne by the originator. This includes the commissions of the originator's bank, the intermediary (correspondent) bank and the beneficiary's bank.
SHA - the commissions of the originator's bank are borne by the originator. The commissions of the intermediary (correspondent) bank and the beneficiary's bank are borne by the beneficiary.
BEN - all bank commissions are borne by the beneficiary. In this case, the originator's bank will deduct its commission from the amount of the transfer.
The fees and commissions charged by CCB AD for currency transfers are in accordance with the Bank's Tariff.
Incoming money transfer in foreign currency
To receive an amount in foreign currency, you must provide the following details to the sender:
Central Cooperative Bank PLC,Bulgaria
SWIFT CODE CECBBGSF
Your IBAN
Your names and address.
Online transfer through CCB Online
If you have signed up for CCB Online, you can order payment transfers from your home or office without visiting the bank. The intra-bank transfer fee is BGN 0.30.
Online transfer through epay.bg
In order to sign up for ePay.bg, you must hold a CCB debit or credit card. In this way you will be able to order online bank transfers using a bank card up to the amount of your balance with BORIKA. The transfer is made from the card account to a BGN account. The beneficiary's account is not required to be a card account.
Online payment through epay.bg
The money will be credited to the beneficiary's card on the next business day.
On the Internet via ePay.bg you can pay for goods and services, transfer money, check the balance on your card and the movement of the funds in your account. You just need to hold a CCB debit or credit card.