Cut-off-times for domestic orders

Domestic payments for accounts serviced in the SMEs and corporate area

Settlement of transfers between banks takes place in KIR S.A. in following three incoming sessions:

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 are hours, when KIR S.A. presents files for settlement. From the moment of substituting files, the banking system processes and uploads the data, the time of which depends on the size of a file received for a given session.


The mode of executing payment orders placed on-line through the electronic banking system mBank CompanyNet, BRESOK, MultiCash and SWIFTNET Korpo

Non-business days are Saturdays, Sundays and holidays.

 

Order type

Execution mode

Outgoing sessions at mBank

ELIXIR1 outgoing domestic payment orders

  • Orders accepted for execution by the bank on a business day until 8:00 pm are executed on day D and sent on day D+1 at the latest.
  • Orders accepted for execution by the bank on a business day after 8:00 pm are executed on day D+1 and sent on day D+1.
  • Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank.

 

*Orders given the “authorised” status until 8:00 am

** Orders given the “authorised” status until noon

Outgoing sessions at mBank

  • session 1 – 8:00 am*
  • session 2 – noon**

ZUS orders (payments to the Social Insurance Institution)

  • Orders accepted for execution by the bank on a business day until 8:00 pm are executed on day D and sent on day D+1 at the latest.
  • Orders accepted for execution by the bank on a business day after 8:00 pm are executed on day D+1 and sent on day D+1.
  • Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank.

 

*Orders given the “authorised” status until 8:00 am

** Orders given the “authorised” status until noon

Outgoing sessions for ZUS orders at mBank:

  • session 1 – 8:00 am*
  • session 2 – noon**

US orders (tax payments to the Tax Office)

  • Orders accepted for execution by the bank on a business day until 8:00 pm are executed on day D and sent on day D+1 at the latest.
  • Orders accepted for execution by the bank on a business day after 8:00 pm are executed on day D+1 and sent on 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.

Outgoing sessions for US orders at mBank:

  • session 1 – 8:00 am

SORBNET22 outgoing payment orders

  • Orders accepted for execution by the bank on a business day until 3:00 pm are executed on day D and sent on day D at the latest.
  • Orders accepted for execution by the bank on a business day after 3:00 pm are executed on day D+1 and sent on day D+1.
  • Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank.

Internal payment orders at mBank S.A.

  • Orders accepted for execution by the bank on a business day until 8:00 pm are executed on day D and sent on day D at the latest.
  • Orders accepted for execution by the bank on a business day after 8:00 pm are executed on day D+1 and sent on day D+1.
  • Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank.

Mass Transfer Plus/Mass Transfer orders

  • Elixir and ZUS orders sent in a package authorised in mBank CompanyNet until 11:40 am are executed on day D and sent on day D at the latest.
  • Elixir and ZUS orders sent in a package authorised in mBank CompanyNet after 11:40 am and until 8:00 pm are executed on day D and sent on day D+1.
  • US orders sent in a package authorised in mBank CompanyNet until 8:00 pm are executed on day D and sent on day D+1.
  • SORBNET2 orders sent in a package authorised in mBank CompanyNet on a business day until 3:00 pm are executed on day D and sent on day D at the latest.
  • Internal payment orders sent in a package authorised in mBank CompanyNet until 8:00 pm are executed on day D and sent on day D at the latest.
  • Orders accepted for execution by the bank on a non-business day are executed on the next business day for the bank.

 

NOTE:

We do not execute US orders in the form of Mass Transfers

Express Credit Transfer order (Express ELIXIR)

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 between 8:00 am and 8:00 pm.

Express credit transfer orders are executed in accordance with the principles of executing express transfer orders.

Blue Cash Express Credit Transfer order

Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Blue Cash Payment System for an order to be executed.

mBank S.A is available in the Blue Cash Payment System between 8:00 am and 8:00 pm. Blue Cash Express Credit Transfer orders are executed in accordance with the principles of executing express transfers.

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 pm.

Postal order – orders submitted via the online electronic banking system mBank CompanyNet or the BRESOK system

Postal orders are accepted on every business day for the bank (D) until 8:00 pm and transmitted to the Postal Operator for execution on the next business day (D+1).

Orders submitted after 8:00 pm 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).

 

Mode of execution of payment orders in a paper form

Type of order Mode of execution Outgoing sessions at mBank
Outgoing domestic payment orders ELIXIR1
  • Accepted for execution by the Bank on a business day until 3:00 pm are executed on D-day and sent on D+1 the latest
  • Accepted for execution by the Bank on a business day after 3:00 pm are executed on D+1 and sent on D+1
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank

Outgoing sessions at mBank:

  • 1st session - 8:00 am
  • 2nd session - 12:00 am
Payment orders to the Social Insurance Institution (ZUS)
  • Accepted for execution by the Bank on a business day after 3:00 pm are executed on D+1 and sent on D+1
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank 
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank

Outgoing sessions at mBank:

  • 1st session - 8:00 am
  • 2nd session - 12:00 am
Payment orders to the Tax Office
  • Accepted for execution by the Bank on a business day until 3:00 pm are executed on D-day and sent on D+1
  • Accepted for execution by the Bank on a business day after 3:00 pm are executed on D+1 and sent on D+2
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank

Outgoing sessions at mBank:

  • 1st session - 8:00 am
Outgoing payment orders SORBNET22
  • Accepted for execution by the Bank on a business day until 3:00 pm are executed on D-day and sent on D-day
  • Accepted for execution by the Bank on a business day after 3:00 pm are executed on D+1 and sent on D+1
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank
Internal payment orders of mBank S.A.
  • Accepted for execution by the Bank on a business day until 3:00 pm are executed on D-day and sent on D-day
  • Accepted for execution by the Bank on a business day after 3:00 pm are executed on D+1 and sent on D+1
  • Accepted for execution by the Bank on a non-business day are executed on the next business day for the Bank

1 ELIXIR - operating within the National Clearing House interbank system is an agent in the electronic exchange of messages on payment orders and liabilities. It is a net clearing system in PLN, where the orders are issued for booking on the accounts of banks as a result of compensation of mutual debts and liabilities of banks resulting from individual orders of clients. The system is an agent in the exchange of: credit orders, proofs of payment, direct debits.

2 SORBNET2 – a settlement system in PLN servicing payment orders executed in current accounts of banks maintained by the NBP Head Office Payment Service Department. SORBNET2 makes it possible to make large-value transfers in real time. Payment orders in PLN for an amount of one million and more (excluding transfers to the Social Insurance Institution and tax payments), must be executed by the Bank through SORBNET2 settlement system.