24.10.2025Changes to Payment Systems in Connection with the Introduction of the Single European Currency, Effective from 1 January 2026
Dear Customers,
In line with the adoption of the single European currency, effective from 1 January 2026, Municipal Bank AD will implement the following changes:
- Discontinuation of the “Direct Debit” service
- All payment transactions previously executed in Bulgarian leva will now be processed in euro
- Adjustments to the Bank’s payment systems to ensure full compliance with the new regulatory and operational framework.
These changes are part of our commitment to ensuring a smooth transition to the euro and maintaining the highest standards of service and security.
Payment Services Offered by the Bank
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Until 31 December 2025
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From 1 January 2026
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Credit transfer
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Credit transfer
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Cash transfer
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Cash transfer
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Direct debit
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Service terminated
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Standing orders
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Standing orders
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Budget transfers
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Budget transfers
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Payment Systems for the Execution of Payment Services
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Until 31 December 2025
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From 1 January 2026
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BISERA6 – credit and budget transfers in BGN
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The service will be terminated
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BISERA6 BLINK - instant transfers in BGN
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The service will be terminated
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RINGS - real-time gross settlement system in Bulgaria in BGN
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The service will be terminated
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BISERA – standard credit transfers in euro to PSPs* in the country, reachable via BISERA
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BISERA - standard credit transfers in euro to PSPs* in the country, reachable via BISERA
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STEP2 - standard credit transfers in euro to PSP* in the country and the EEA
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STEP2 - standard credit transfers in euro to PSP* in the country and the EEA
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SEPA INST/TIPS - instant transfers in euro to PSP* in the country and the EEA
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SEPA INST/TIPS – instant transfers in euro to PSP* in the country and the EEA
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TARGET2 - express transfers in euro to PSP* in the country and the EEA
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TARGET2 - express transfers in euro to PSP* in the country and the EEA
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PSP – banks and other payment service providers
Note: Municipal Bank AD executes the listed transfers by taking into account the participation (reachability) of the recipient’s PSP in the respective systems, including when processing instant euro transfers.