Transfers

Benefits

The Millennium customer has access to a range of modern and convenient ways of making money transfers.

Quick transfers in Millennium can be done:

• in the Millenet Internet banking system
  Millenet saves time and money and provides 7/24 full control over your finances via the Internet.
  
  
  We are proud to inform that our Millenet online banking system has been considered best in Poland for the fifth year in a row in the Global Finance Internet banks survey.
  
• in each of the almost 500 branches in Poland
  If you prefer traditional banking service or want to visit us once in a while, then visit a Millennium branch anywhere in Poland.
• in the TeleMillennium telephone service
  Our Consultants will provide you with 7/24 information and will carry out your instructions.
• in multifunctional Millennium ATMsIn multifunctional ATMs of our bank you can make transfers to your receptions accounts > Bill payments

SEPA - Single Euro Payment Area

What is SEPA?

SEPA -Single Euro Payments Area where Customers and developers can make and receive cross-border payments in Euro. Sepa guaranties possibility of making and receiving payments from domestic country to another country in SEPA area using common standards- base on the same rules, legal bases and duties-don't matter of making operation place.

SEPA system was introduced on January 2008.
Single Euro Payments Area includes the EU member countries, plus Switzerland, Iceland, Liechtenstein and Norway.

• Find out more about SEPA

How it works?

Millennium Bank Clients can use SEPA-new , european system of receiving and making payments in Euro in any country of European Union.

Making SEPA transaction is fast and easy.

• See more about SEPA 
• Frequently asked questions (FAQ)
• SEPA guide

Cross-border transfers

• The Customer has not agreed another settlement procedure with the Bank,
• All data contained in the order is formulated in a clear manner, permitting its execution,
• The order was placed on a working day,
• The order was placed before 1.00 p.m.; in case of orders placed after this hour the date of acceptance for execution shall be assumed to be the next working day.

If execution of the order was conditional on the principal making changes or supplementation then the date of acceptance for execution shall be deemed to be the date of making them considering the above items.

Date of crediting the beneficiary's bank account
As a standard the Bank puts funds on account of execution of cross-border transfers at the disposal of the beneficiary's bank with value date coming on the second working day after the date of acceptance of the order for execution, pursuant to the principles described in item 1.

The beneficiary's bank credits the beneficiary's account with the date indicated in the received order, unless internal regulations provide otherwise, however it does this not later than on the fifth working day from the date of receipt of the order for execution.

Fees
The Bank charges fees and commissions on account of execution of cross-border transfers according to the levels and rules contained in the Price List.

Complaints and indemnification procedures
The principal of a cross-border transfer has the right to lodge complaints if he finds that the transfer was not executed as ordered.
A complaint connected with lack of an inflow to the beneficiary's account of a cross-border transfer cannot be lodged before expiry of the term mentioned in item 2.

A complaint may be lodged directly in an outlet of the Bank or via the Call Centre - TeleMillennium number 801 331 331.

Pursuant to provisions of Art. 63 g sect. 2 of Banking Law, in case of a delay with execution of a cross-border transfer the Bank shall pay to the principal statutory interest on the amount covered by the order for the period counted from the end of the term mentioned in item 2 until the day of crediting the account of the beneficiary's bank. The interest mentioned above shall not be paid if the delay arose for reasons attributable to the principal or the beneficiary.

Pursuant to the provisions of Art. 63 g sect. 4 of Banking Law in case of failure to execute accepted cross-border transfer orders the Bank is under obligation to credit the Principal's account or shall place at his disposal, upon his request, within 14 working days coming after the day of submission of the request, the amount of the order, not more however than up to the equivalent in zloty of 12,500 euro converted at the average rate announced by the National Bank of Poland, valid upon acceptance of the order by the principal's bank, plus statutory interest for the period from the day of the order until the day of crediting his account with the indemnification amount or placing at his disposal of this amount and plus costs paid by the principal as connected with execution of the order if after acceptance of the order by the principal's bank the appropriate amount did not flow into the beneficiary's bank's account. The principal's Bank shall be relieved from the above obligation if the beneficiary's bank's account was earlier credited with the amount covered by the order and when the Principal was informed about the inability to execute his order.

Valid FX rate are available from every Bank employee.

Date of crediting the beneficiary's account
The Bank shall credit the beneficiary's account with the amount of the received cross-border transfer on the day defined in the transfer as the value date, unless the order:

• arrives in the Bank not later than on the day of value date before 1.00 p.m. - otherwise the order will be settled on the next working day and
• contains all data essential for settlement, formulated in a clear manner - otherwise settlement shall be made after all essential data is obtained/doubts are clarified.

Fees
The Bank charges fees and commissions on account of execution of cross-border transfers according to the levels and rules contained in the Price List.

Complaints and indemnification procedures
Complaints concerning posted cross-border transfers may be lodged by persons authorised to dispose of the account, on which the amount of the cross-border transfer was posted.

Complaints concerning absence of an inflow on account of a cross-border transfer may be lodged by persons authorised to dispose of the account, on which the amount of the cross-border transfer was to have been posted, however acceptance of the order is conditional upon presentation to the Bank of documents, based on which an investigation is possible.

Complaints may be lodged directly in an outlet of the Bank or via the Call Centre - TeleMillennium number TeleMillennium 801 331 331.
A beneficiary of a cross-border transfer pursuant to the provisions of Art. 63g sect. 2 Banking Law has the right to claim from the Bank the payment of statutory interest on the amount covered by the order if the transfer was posted to his account with a delay due to the Bank. The interest mentioned above is calculated for the period from the fifth working day from the date of acceptance of the order for execution until the date of actual crediting of the beneficiary's account.

Valid FX rate are available from every Bank employee.