FIMBank offers a secure and efficient service in relation to cross border transfer of funds for inward and outward payments related to all trade settlements, capital investments and unilateral funds transfer in all major currencies. Payments can also be effected collectively in ‘bulk’ in order to maximise settlement efficiency.
Cut Off Time for both Inward and Outward payments is 15.30hrs. Any payments received after 15.30hrs will be processed on the next working date.
Payment order instructions received by 15.30hrs will be processed that same working day, with spot value if not unless otherwise instructed. Any payment instructions received after 15.30hrs will be processed on the following working day. Same day value payments designated in EUR, USD or GBP can be applied at a cost as per applicable ‘Standard Tariff of Charges’. Payments in currencies other than EUR, USD or GBP will be processed on the same day, however same day value, if available, would depend on the geographic time zone of the destination.
Consequently if a payment order instruction is received after 15.30hrs, these will be processed as though received by us on the following working day. If a payment order instruction is received on a day that is not a working day, this will be processed as though received on the next working day.
Inward payments received by 15.30hrs will be processed and applied to customers’ accounts that same working day. Any payment received after 15.30hrs will be processed the following working day. In both instances funds will be applied to the account with a value date not earlier than the date the payment is processed.
FIMBank’s Account Officer will advise on the best way to establish a secure and efficient method of communication. For further details, call our Central Customer Operations team on +356 21322100 or send us an email.