Cut-off Times of Domestic Orders – applicable from 1 January 2023

Domestic payments for accounts serviced in the SMEs and corporates area

Transfers between banks are settled by KIR S.A. in three incoming sessions:

Session number

Hours
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 constitute times when KIR S.A. sends files for settlement. Once the files are sent, the banking system processes and uploads the data. The duration of this process depends on the size of a file received in a given session.

 

Note! If an emergency or other circumstances caused by force majeure occur, KIR S.A. may reschedule the settlement session, which includes changing the time of sending settlement files to banks.

 

Execution mode of payment orders submitted via the electronic banking system mBank CompanyNet, MultiCash, and SWIFTNET Korpo

 

Non-business days are Saturdays, Sundays and holidays.

 

Order type

Execution mode

Outgoing sessions at mBank

Outgoing domestic
payment orders ELIXIR1
  • Orders accepted for execution by the bank on a business day until 8:00 p.m. 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 p.m. 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 a.m.
**Orders given the “authorised” status until noon

Outgoing sessions at mBank

  • session 1 – 8:00 a.m.*
  • session 2 – noon**

ZUS payment orders (payments to the Social Insurance Institution)
  • Orders accepted for execution by the bank on a business day until 8:00 p.m. 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 p.m. 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 a.m.
**Orders given the “authorised” status until noon

Outgoing sessions for ZUS orders at mBank:

  • session 1 – 8:00 a.m.*
  • session 2 – noon**

US payment orders
(payments to the Tax Office)
  • Orders accepted for execution by the bank on a business day until 8:00 p.m. 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 p.m. 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 a.m.

SORBNET22 outgoing
payment orders
  • Orders accepted for execution by the bank on a business day until 3:00 p.m. 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 p.m. 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 p.m. 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 p.m. 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 an authorised package on a business day until 11:40 a.m. are executed on day D and sent on day D* at the latest.
  • Elixir and ZUS orders sent in an authorised package on a business day after 11:40 a.m. and until 8:00 p.m. are executed on day D and sent on day D+1*.
  • US orders sent in an authorised package on a business day until 8:00 p.m. are executed on day D and sent on day D+1*.
  • SORBNET2 orders sent in an authorised package on a business day until 3:00 p.m. are executed on day D and sent on day D* at the latest.
  • Internal payment orders sent in an authorised package on a business day until 8:00 p.m. 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:

US orders are executed only as Mass Transfer Plus orders.

 

* If funds in the account are insufficient (status “awaiting funds”), the transaction package will be rejected on the last day of the “awaiting funds” period.

Express Elixir instant credit transfer

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 on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Express Elixir order is PLN 100,000.

Blue Cash instant credit transfer

Both mBank S.A. (the ordering party’s bank) and the beneficiary’s bank must be simultaneously available in the Blue Cash system for an order to be executed. mBank S.A. is available in the Blue Cash system on business days from 8:00 a.m. to 8.00 p.m. The maximum amount of a single Blue Cash order is PLN 20,000.

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 p.m.

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

 

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

 

Procedure for executing payment orders submitted in a paper form

Order type Execution mode Outgoing sessions at mBank
Outgoing domestic payment orders ELIXIR1
  • Orders accepted for execution by the bank on a business day until 3:00 p.m. 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 3:00 p.m. 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 “posted” status until noon

Outgoing sessions at mBank:

  • session 1 – 8:00 a.m.
  • session 2 – noon*
ZUS payment orders (payments to the Social Insurance Institution)
  • Orders accepted for execution by the bank on a business day until 3:00 p.m. 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 3:00 p.m. 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 “posted” status until noon

Outgoing sessions at mBank:

  • session 1 – 8:00 a.m.
  • session 2 – noon*
US payment orders (payments to the Tax Office)
  • Orders accepted for execution by the bank on a business day until 3:00 p.m. are executed on day D and sent on day D+1.
  • 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+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 at mBank:

  • session 1 – 8:00 a.m.
SORBNET22 outgoing payment orders
  • Orders accepted for execution by the bank on a business day until 3:00 p.m. are executed on day D and sent on day D.
  • Orders accepted for execution by the bank on a business day after 3:00 p.m. 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 3:00 p.m. are executed on day D and sent on day D.
  • Orders accepted for execution by the bank on a business day after 3:00 p.m. 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.

1 ELIXIR – an interbank intermediary system operating within the National Clearing House (KIR) for the electronic exchange of messages about payment orders and receivables. It is a net clearing system in the Polish złoty where orders are issued for booking in the accounts of banks as a result of the netting of mutual receivables and liabilities of banks resulting from individual orders submitted by clients. The system mediates the exchange of credit orders, deposit slips and direct debits.

2 SORBNET2 – a settlement system in the Polish złoty processing payment orders executed in the current accounts of banks kept with the Payment System Department of the National Bank of Poland. SORBNET2 makes it possible to execute large-value transfers in real time. All payment orders in the Polish złoty amounting to PLN 1 million or more (excluding transfers to the Social Insurance Institution (ZUS) and tax payments) must be executed by the bank via SORBNET2.