Payment operations are the most demanded banking service. Customers can make payments related to their daily activity, using various payment instruments.
Payments in national currency (domestic payments)
Payments in national currency are executed by the bank based on payment orders, issued by customers (on paper or in electronic form via Internet Banking), in normal or urgent mode, in favour of bank customers (intrabank payments) or in favour of customers of other banks (interbank payments).
Payments are executed by the bank on the day of their receipt.
Quick money transfers;
Confidentiality of transactions;
Possibility of tracking payment orders’ status via remote banking services;
The Direct debit product is based on mandate relationships, which entail the customer (payer) transferring the right and the bank assuming the obligation to make regular payments from the payer’s current account for services, goods and works the customer benefited from, based on a direct debit instructions submitted by the supplier (payment beneficiary).
- Customers do not have to worry about constantly monitoring their debts to the partner supplier;
- Customers practically avoid the risk of suspended delivery of goods, services / works because of the failure to settle them on time;
- Customers save time and resources as they do not need to repeatedly visit the bank to make payments for goods, services, works;
- Settlements are executed by the bank in strict compliance with the mandate provided by the customer.
Standing orders are payment instruments used for regular payments, made by the bank on behalf of and from the customer’s account, at certain dates and fixed amounts, , for the purpose of paying certain contractual or other obligations the payer has towards counterparties. Beneficiaries can be mobile phone operators, utilities providers, leasing companies, budget (when the amount and the periodicity of payments are known), etc.
- Save time and resources in executing periodic payments;
- Ensure prompt payment-related transfers;
- Smaller costs compared to costs of single payments.
Foreign currency payments ordered by the customers are executed by the bank on the day of their receipt and acceptance, with the value date according to the terms and conditions agreed with the correspondent banks. Payments are made within the limit of the current account balance and in full compliance with the currency regulations of the state and banking normative acts. Usually, foreign currency payments are made upon the submission by the payer of supporting documents , stating the need for the payment, and the value of the payment. Payments can be made in any foreign currency which the bank operates with and transferred via the SWIFT international payments system practically worldwide. The incoming payments are registered in customers accounts the day the funds enter the bank’s corresponding accounts, free of charge.
Cross-currency payments allow customers to make payments in foreign currency out of current accounts in MDL or in foreign currency other than the transfer one. This instrument makes it possible for customers to pay directly by converting the currency of the payments account, without submitting a request for currency exchange. The account currency will be converted into the payment currency at the commercial exchange rate valid on the transaction date.