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.

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 8:00 pm are executed on D-day and sent on D+1 the latest
  • Accepted for execution by the Bank on a business day after 8:00 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 8:00 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 to the Social Insurance Institution (ZUS) at mBank:

  • 1st session - 12:00 am
Payment orders
to the Tax Office (US)
  • Accepted for execution by the Bank on a business day until 8:00 pm are executed on D-day and sent on D+1 the latest
  • Accepted for execution by the Bank on a business day after 8:00 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 to the Tax Office (US) at mBank:

  • 1st session - 8:00 am
Outgoing payment orders
SORBNET22
  • Accepted for execution by the Bank on a business day until 8:00 pm are executed on D-day and sent on D-day the latest
  • Accepted for execution by the Bank on a business day after 8:00 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 8:00 pm are executed on D-day and sent on D-day the latest
  • Accepted for execution by the Bank on a business day after 8:00 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
 
Mass Transfer payment orders
  • Accepted for execution by the Bank on a business day until 8:00 pm are executed on D-day and sent on D+1 the latest
  • Accepted for execution by the Bank on a business day after 8:00 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
 
Express credit transfer
(Express ELIXIR)
To execute the order both mBank S.A. (the bank of the ordering party) and the bank of the beneficiary must be available in the Express ELIXIR system.
The hours when mBank S.A is available in the Express ELIXIR system are 8:00 am - 8:00 pm.
Express credit transfer is executed in accordance with the principles of executing "Express credit transfers".
Blue Cash
Express Credit Transfer
To execute the order both mBank S.A. (the bank of the ordering party) and the bank of the beneficiary must be available in the Blue Cash payment system.
The hours when mBank S.A is available in the Blue Cash payment system are 8:00 am - 8:00 pm. Blue Cash Express Credit Transfer is executed in accordance with the principles of executing express credit transfers.
Direct debit Direct debits are executed in accordance with the Rules on executing direct debits. 8:00 pm is the cut-off-time for placing direct debit instructions on every business day for the Bank.
Postal order - orders placed through an Internet electronic banking system
mBank CompanyNet or BRESOK system
Postal orders are accepted on every business day for the Bank (D) until 8:00 pm and forwarded to the Postal Operator for execution on the following business day (D+1).
Orders placed after 8:00 pm on a given business day (D) are processed on the following business day (D+1) in accordance with the rules applicable for other 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 next 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.