Interbank FX transfers

Interbank FX transfers

  • CCB offers fast, secure and quality cash transfers in foreign currency through S.W.I.F.T. Ordering and receiving of interbank currency transfers in the country and abroad is possible from any bank office.
  • Well developed correspondence network of first class foreign banks as well as the skilled staff of CCB ensure fast, true and maximum correct transfer of means to customers of other banks to any place in the world.
  • CCB makes transfers in 15 convertible currencies via its correspondence accounts in 22 banks in Europe, North America and Asia.
  • If the customer wishes so, transfers can be done also in other currencies.
  • Together with the routine transfers with a 2-day value date (spot), CCB offers to its customers possibilities for fast and express transfers – respectively with 1-day value date (tom) and a value date – the same day.
  • Interbank transfers through S.W.I.F.T. are one of the most reliable forms of international payments – to you trade partners as well as to your friends and relatives. CCB makes also cash currency transfers – even when the customer has no current account in the bank.

Order of a currency transfer

In compliance with the provisions of the Currency Act, Ordinance No. 27 and Ordinance No. 28 of the Bulgarian National Bank, in case of transfer or outgoing payment, as well as transfer or payment between a local and foreign person on the territory of the country in a currency amounting to or exceeding the equivalent of 25,000 BGN, the following documents have to be presented:

  • A statistical form for the country balance of payments /Ordinance 27;
  • A document which proves the reasons for payment/ Ordinance 28.

To make a transfer the following data about the addressee is needed:

  • Name and address of the bank;
  • SWIFT/BIC bank code;
  • IBAN or account number;
  • Name and address of the addressee.

Under the Measures against the Money Laundering Act, in case of transfer of money exceeding the equivalent of 30,000 BGN, a declaration of origin of the money shall be filled in.

According to the SWIFT standards there are three defined possibilities for distribution of bank commissions for currency transfers ordered by CCB AD:

  • OUR – all bank commissions are at the expense of the sender. These include the commissions of the bank of the sender, of the intermediary bank (correspondent) and of the bank of the addressee.
  • SHA – commissions of the bank of the sender are at the expense of the sender. Commissions of the intermediary bank (correspondent) and those of the bank of the addressee are at the expense of the beneficiary.
  • BEN – all bank commissions are at the expense of the beneficiary. In this case the bank of the sender deducts its commissions from the amount of the transfer.
  • Fees and commissions charged by CCB AD for currency transfers are according to the Tariff (458.6 KB) of the bank.

Receiving a currency transfer

To receive a currency amount you need to give to the sender the following data:

  • Central Cooperative Bank PLC, Bulgaria;
  • SWIFT CODE: CECBBGSF;
  • Your IBAN number;
  • Your name and address.

Under Ordinance No. 27 of BNB, for incoming amount from abroad equal or exceeding the equivalent of 25,000 BGN, within 30-day period from receiving the notification for received amount on your bank account, a statistical form for the country balance of payments shall be filled in.
Fees and commissions charged by CCB AD for currency transfers are according to the Tariff (458.6 KB) of the bank.


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