Instructions of using UBB Internet banking U-online

• Payments
  

UBB e-banking provides to its clients an opportunity to send intrabank and interbank BGN and FX transfers, to initiate and process direct debits, as well as a possibility for import of the listed payment documents from a file.

UBB effects BGN funds transfers on the territory of Bulgaria, using the following payment systems:
• RINGS (Real-time INterbank Gross-settlement System) is a system for real time gross settlement in Bulgaria executing all transfers of amounts over BGN 100 000.
• BISERA is a payment system about processing interbank client transfers in BGN up to the amount equal or less than BGN 100 000 in three sessions per day.
• SWIFT (Society for Worldwide Interbank Financial Telecommunication) is an international payment system about interbank FX transfers in the country and abroad.
• GLOBUS - The GLOBUS centralized corporate and retail banking system accessible by all UBB clients processes payments immediately from/to each location where the Bank has a branch or through its virtual branch (e-channel). GLOBUS has an automated connection with RINGS, BISERA and SWIFT, which shortens the time for the transfer processing.



24-hour UBB schedule for submitting of documents and receiving results from payments

HOUR	SERVICING through
between 4:00 and 8:30	GLOBUS. The Bank's virtual branch opens to receive transfers to be effected, realized through GLOBUS - immediately, through RINGS - after its national opening, through BISERA - batched for the first session and through SWIFT - with opening the bank for clients.
8:30	GLOBUS, RINGS, BISERA and SWIFT. Receiving over the counter transfers to be effected. Those for the GLOBUS and RINGS are initiated separately immediately during the day, for the SWIFT after verifying and authorizing from bank officer, while those for BISERA - batched for the respective session.
9:30	BISERA. Deadline for receiving payments for the first session, with a subsequent delivery of all payments not sent during the previous and the current day, initiated to other banks. After this hour incoming transfers are delivered for the next current-day session.
10:50	BISERA. Starts posting of all interbank payments, submitted to UBB during the first session.
14:00	SWIFT. Deadline for receiving express FX transfers over the counter in the bank.
14:00	SWIFT. Deadline for receiving express FX transfers through bank's virtual branch.
13:00	BISERA. Deadline for receiving payments for the second session, with a subsequent delivery of all payments not sent after first session, initiated to other banks. After this hour incoming transfers are delivered for the next current-day session.
14:30	BISERA. Starts posting all interbank transfers submitted to UBB for the second session.
15:30	RINGS. Deadline for receiving payments, effected through RINGS. After this hour the incoming transfers will be delivered during the next day.
15:30	BISERA. Deadline for receiving payments for the third session, with a subsequent delivery of all payments not sent after second session, initiated to other banks. After this hour incoming transfers are delivered for the next working day first session.
15:30	SWIFT. Deadline for receiving FX transfers trough bank's virtual branch for processing in current day. Ordered through bank's virtual branch FX transfers after this time are saved and posted on the next working day.
16:30	BISERA. Starts posting all interbank transfers submitted to UBB for the third session. GLOBUS. Deadline for receiving over the counter client payments in the bank.
between 17:30 and 18:00	GLOBUS. Deadline for payments through the virtual branch. After this hour it is switched into an autonomous mode, saving the transfers incoming for processing on the next day (which are posted immediately after opening of GLOBUS between 4:00 and 8:30 a.m.).


Note: The above hours are subject to a change under extraordinary circumstances, not working and holidays.
More info you can find at address www.ubb.bg, Tariffs and rates, Fees and Commissions' Tariff, section TRANSFERS/Notes/.


Through GLOBUS, UBB provides equal opportunities to all its clients to order or receive a transfer from any UBB branch throughout the country.

Payments through RINGS:
• Clients' payments amounting to or exceeding BGN 100 000, as well as transfer orders for direct transfer equal to or exceeding BGN 100 000;
• Payments with no restriction in the amount initiated upon the client's request;
• Budget payments equal to or exceeding BGN 100 000.

Payments through BISERA:
• For transfers below BGN 100 000 all banks use BISERA, through its two sessions, unless otherwise requested by the client.
• Request or denial of a direct transfer.

Payments through SWIFT - see here.

Payments effected in GLOBUS:

• All payments with no restriction on the amounts made between UBB clients, as the funds' transfer is effected "online" in real time.
  This is the fastest way in Bulgaria to effect a payment between clients of all UBB branches.

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