cut-off Times of domestic orders
applicable from 1 January 2023
Domestic payments for accounts serviced in the SMEs and corporates area
Transfers between banks are settled by KIR S.A. in three incoming sessions:
| Session number |
Hours |
| 1st session |
10:30 am – 11:00 am |
| 2nd session |
2:30 pm – 3:00 pm |
| 3rd session | 5:00 pm – 5:30 pm |
| Session number |
Hours |
| 1st session |
10:30 am – 11:00 am |
| 2nd session |
2:30 pm – 3:00 pm |
| 3rd session | 5:00 pm – 5:30 pm |
Note! The hours provided constitute times when KIR S.A. sends files for settlement. Once the files are sent, the banking system processes and uploads the data. The duration of this process depends on the size of a file received in a given session.
Note! If an emergency or other circumstances caused by force majeure occur, KIR S.A. may reschedule the settlement session, which includes changing the time of sending settlement files to banks.
Execution mode of payment orders submitted via the electronic banking system mBank CompanyNet, MultiCash, and SWIFTNET Korpo
Non-business days are Saturdays, Sundays and holidays.
|
Order type |
Execution mode |
Outgoing sessions at mBank |
|
Outgoing domestic |
*Orders given the “authorised” status until 8:00 a.m. |
Outgoing sessions at mBank
|
|
ZUS payment orders (payments to the Social Insurance Institution) |
*Orders given the “authorised” status until 8:00 a.m. |
Outgoing sessions for ZUS orders at mBank:
|
|
US payment orders |
|
Outgoing sessions for US orders at mBank:
|
|
SORBNET22 outgoing |
| |
|
Internal payment |
| |
|
Mass Transfer Plus/Mass Transfer orders |
NOTE: US orders are executed only as Mass Transfer Plus orders.
* If funds in the account are insufficient (status “awaiting funds”), the transaction package will be rejected on the last day of the “awaiting funds” period. | |
|
Express Elixir instant credit transfer |
Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Express Elixir system for an order to be executed. mBank S.A. is available in the Express Elixir system on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Express Elixir order is PLN 100,000. | |
|
Blue Cash instant credit transfer |
Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Blue Cash system for an order to be executed. mBank S.A. is available in the Blue Cash system on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Blue Cash order is PLN 20,000. | |
|
Direct debit |
Direct debits are executed in accordance with the Rules on Executing Direct Debits. The cut-off time for submitting direct debit orders on every business day for the bank is 8:00 p.m. | |
|
Postal order – orders submitted via the electronic banking system mBank CompanyNet |
Postal orders are accepted on every business day for the bank (D) until 8:00 p.m. and transmitted to the Postal Operator for execution on the next business day (D+1). Orders submitted after 8:00 p.m. on a business day (D) are processed on the next business day (D+1) in accordance with the principles applicable to the remaining orders and sent for execution to the Postal Operator on the following business day (D+2).Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank (D) and sent for execution to the Postal Operator on the following business day (D+1). | |
|
Order type |
Execution mode |
Outgoing sessions at mBank |
|
Outgoing domestic |
*Orders given the “authorised” status until 8:00 a.m. |
Outgoing sessions at mBank
|
|
ZUS payment orders (payments to the Social Insurance Institution) |
*Orders given the “authorised” status until 8:00 a.m. |
Outgoing sessions for ZUS orders at mBank:
|
|
US payment orders |
|
Outgoing sessions for US orders at mBank:
|
|
SORBNET22 outgoing |
| |
|
Internal payment |
| |
|
Mass Transfer Plus/Mass Transfer orders |
NOTE: US orders are executed only as Mass Transfer Plus orders.
* If funds in the account are insufficient (status “awaiting funds”), the transaction package will be rejected on the last day of the “awaiting funds” period. | |
|
Express Elixir instant credit transfer |
Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Express Elixir system for an order to be executed. mBank S.A. is available in the Express Elixir system on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Express Elixir order is PLN 100,000. | |
|
Blue Cash instant credit transfer |
Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Blue Cash system for an order to be executed. mBank S.A. is available in the Blue Cash system on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Blue Cash order is PLN 20,000. | |
|
Direct debit |
Direct debits are executed in accordance with the Rules on Executing Direct Debits. The cut-off time for submitting direct debit orders on every business day for the bank is 8:00 p.m. | |
|
Postal order – orders submitted via the electronic banking system mBank CompanyNet |
Postal orders are accepted on every business day for the bank (D) until 8:00 p.m. and transmitted to the Postal Operator for execution on the next business day (D+1). Orders submitted after 8:00 p.m. on a business day (D) are processed on the next business day (D+1) in accordance with the principles applicable to the remaining orders and sent for execution to the Postal Operator on the following business day (D+2).Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank (D) and sent for execution to the Postal Operator on the following business day (D+1). | |
Procedure for executing payment orders submitted in a paper form
| Order type | Execution mode | Outgoing sessions at mBank |
| Outgoing domestic payment orders ELIXIR1 |
|
Outgoing sessions at mBank:
|
| ZUS payment orders (payments to the Social Insurance Institution) |
|
Outgoing sessions at mBank:
|
| US payment orders (payments to the Tax Office) |
|
Outgoing sessions at mBank:
|
| SORBNET22 outgoing payment orders |
| |
| Internal payment orders at mBank S.A. |
|
| Order type | Execution mode | Outgoing sessions at mBank |
| Outgoing domestic payment orders ELIXIR1 |
|
Outgoing sessions at mBank:
|
| ZUS payment orders (payments to the Social Insurance Institution) |
|
Outgoing sessions at mBank:
|
| US payment orders (payments to the Tax Office) |
|
Outgoing sessions at mBank:
|
| SORBNET22 outgoing payment orders |
| |
| Internal payment orders at mBank S.A. |
|
1 ELIXIR – an interbank intermediary system operating within the National Clearing House (KIR) for the electronic exchange of messages about payment orders and receivables. It is a net clearing system in the Polish złoty where orders are issued for booking in the accounts of banks as a result of the netting of mutual receivables and liabilities of banks resulting from individual orders submitted by clients. The system mediates the exchange of credit orders, deposit slips and direct debits.
2 SORBNET2 – a settlement system in the Polish złoty processing payment orders executed in the current accounts of banks kept with the Payment System Department of the National Bank of Poland. SORBNET2 makes it possible to execute large-value transfers in real time. All payment orders in the Polish złoty amounting to PLN 1 million or more (excluding transfers to the Social Insurance Institution (ZUS) and tax payments) must be executed by the bank via SORBNET2.