Currency Exchange Transactions
All currency transactions are executed between your accounts in Kantor Walutowy which minimize its transfer time. The exchanged funds are available immediately on your Kantor Walutowy account .
Domestic and Currency Transfers
All transfers between accounts in Alior Bank, Kantor Walutowy are settled immediately.
Domestic transfers are for free and settled according to Elixir sessions.
For every transfer in Kantor Walutowy you can indicate who covers fees and commissions. 3 cost option are available: SHA, OUR and BEN
All these cost options can be executed in three types of transfer: ordinary, urgent and express.
The difference between ordinary, urgent and express transfers is delivery time:
Charging Options SHA, BEN, and OUR determine how fees are assessed for the payment you are initiating:
SHA - SHA option means that all correspondent bank transfer fees are shared between the ordering customer and the beneficiary customer. The ordering customer only pays Alior Bank’s standard fee.
OUR - OUR Option means that all correspondent bank transfer fees are paid by the ordering customer including any fees charged by any foreign bank. With charges OUR the beneficiary receives the exact amount sent by the ordering customer although the beneficiary’s bank might still make a charge for receiving the funds
BEN - Ben Option means that all bank fees are paid by the beneficiary customer by a deduction from the amount of the transfer except for Alior Bank’s standard fee which is paid by the ordering customer.
Special type of wire transfer is European transfer which is settled in accordance with SEPA instructions SEPA (Single Euro Payments Area)
Domestic Transfers - Elixir Sessions
The Bank makes transfers through the National Clearing House (Krajowa Izba Rozliczeniowa - KIR) in accordance with the so-called Elixir sessions. Both the bank from which the transfer is made and the bank which accepts it have an influence on the time when instructions (transfers) are fulfilled.
At Alior Bank, in order for a transfer to be sent for KIR’s 1st session, it needs to be instructed by 8:20, for the 2nd session by 12:20 and for the 3rd session by 15:20. The times for the acceptance of these transfers at other banks may differ.
Alior Bank starts accepting incoming transfers at the following times:
Cut-off times for picking up orders for settlement in the same day
Cut-off times for executing transactions on the same day in Kantor Walutowy (D - date of order placement if it is a working day)
|domestic and currency transfers to Alior Bank accounts||23:55|
|currency transfer, ordinary type D+2||EUR||15:00|
|AUD, CAD, CZK, CHF, DKK, GBP, HUF, JPY, NOK, SEK, USD, ILS, BGN, RON, TRY, THB, HKD, MXN, ZAR||15:00|
|currency transfer, urgent type D+1||EUR||15:00|
|AUD, CAD, CZK, CHF, DKK, GBP, HUF, JPY, NOK, SEK, USD, ILS, BGN, RON, TRY, HKD, MXN, ZAR||13:00|
currency transfer, express type D
|EUR, USD, GBP||13:00|
Domestic and international transfer orders can be also placed at any Alior Bank branch. Transfers to Alior Bank accounts are executed on the same day and you can place an order at the working hours at the chosen branch. The cut-off times in online banking applies for international transfers as well.