Funds held on accounts at International Moscow Bank may be used for making bank transfers to agents and contractors.
Ruble bank transfers are made through the electronic settlement system of the Bank of Russia. This makes it possible to clear payment orders from correspondent banks on the same day as they are received.
Foreign currency bank transfers are made through the IMB’s network of correspondent accounts. These have been opened in all principal currencies at leading foreign banks, and provide IMB clients with the opportunity to make payments to beneficiaries located in any part of the world. Even if a client has an account in one hard currency only, he or she will be able to make bank transfers in any other currency: the Bank will convert the money into the required currency and transfer it according to the instructions provided. The Bank can also make transfers in less common currencies, such as Cypriot pounds, Thai Bahts, or South African Rands.
Funds are credited to clients’ accounts free of charge. Transfers to beneficiaries’ accounts with IMB are also free of charge. These transfers are made in real-time, even if the beneficiary has an account with another branch of the Bank.
Banking Hours
For ruble transfers:
- For payment orders submitted by SWIFT, telex, Bank-Client system — until 4:00 p.m. (3:00 p.m. on Fridays and pre-holidays)
- For payment orders submitted in printed media — until 1:00 p.m
For foreign currency payment orders:
- For payment orders submitted by SWIFT,
telex, Bank-Client system:
- in USD — until 4:45 p.m. (3:30 p.m. on Fridays and pre-holidays)
- in other currencies — until 2:45 p.m.
- For payment orders submitted on printed media — until 1:00 p.m.