mBank extends the functionality of the Intra-Polish USD Payments service - all domestic banks will be covered by it.
With a view to increasing your satisfaction with the offer of outgoing foreign payments at mBank S.A., we are happy to inform you that starting from 22 June 2015, mBank S.A. extends the functionality of the Intra-Polish USD Payments service - all domestic banks will be covered by it.
The Intra-Polish USD Payments service enables making payments in USD addressed to beneficiaries holding accounts with domestic banks in Poland in the full amount for the bank of the beneficiary. The bank indirectly participating in the settlement process will not deduct its fee from the amount of the transfer. The only fee that may be required from the beneficiary will be one arising from the terms and conditions of maintaining an account with his bank.
Terms and conditions of execution:
the payments should include the BIC code of the beneficiary’s bank,
the beneficiary’s bank account number should be provided in the IBAN standard,
the cost option should be defined - SHA (i.e. costs of the transferring bank are covered by the person requesting the transfer, while costs of third party banks are covered by the beneficiary).
Payments which do not meet the aforementioned criteria will be executed as before, i.e. the costs of third party banks will be deducted from the amount of the payment or - for 'OUR' cost option - they will debit the account of the Client.