Wire transfers can be made daily, weekly and monthly.
This is the simplest way to perform regular transfers as:
- The transactions are carried out automatically, without your involvement;
- You can select the amount and frequency of transfer.
Type of transfer
TRANSFER TO OWN ACCOUNTS |
TRANSFER WITHIN TBC BANK |
TRANSER WITHIN GEORGIA |
|
Fixed-amount automatic transfer |
+ |
+ |
+ |
Conversion (currency purchase) |
+ |
- |
- |
Transfer of equivalent amount |
+ |
+ |
+ |
Sweep account |
+ |
+ |
+ |
Automatic savings plan |
+ |
- |
- |
Which accounts can I use for wire transfers?
· Your current account (for outgoing and incoming transfers);
· Your card account (for outgoing and incoming transfers);
· Your savings accounts, such as My Safe, Savings and similar accounts (for incoming transfers only)*;
· Your term deposit such as Term+ (for incoming transfers only);
*Outgoing transfers and currency conversion/purchase are possible from savings accounts only if the transactions are made between the client’s own accounts.
What currencies are accepted for transfers?
Internal transactions (transactions within the Bank) are allowed in any currency that matches the currency of the client’s account. Transactions outside the Bank are allowed only in GEL.
How currency conversion/purchase is carried out?
Currency conversion/purchase is carried out at the Bank’s commercial FX rate as of the transaction date; The equivalent amount will be calculated at the official NBG rate as of the transaction date.
What happens if the funds in the account are not sufficient?
If the funds in the account are not sufficient, the Bank will continue to attempt debitting for 10 consecutive business days.
What happens if the transfer date is a holiday?
If the transfer date falls on a non-business day, the Bank will execute the transfer on the following day (as of the actual/current payment date).
What is the order for same-day automatic transfers?
· If the client’s application does not provide for a special order for automatic transfers, the transfers (except automatic utility payments) will be executed on a first come, first served basis;
· If the account balance is less than the amount of the first-priority automatic transfer, the Bank will execute the next-priority transfer if the funds are sufficient;
· The Bank can cancel the order after 30 failed transfers due to the client. After an automatic transfer order is cancelled, the client will have to reapply for the service if he/she wants to resume it;
· If the automatic transfer date falls on a non-business day, the Bank will execute the transfer on the following day (as of the actual/current payment date).