сurrent accounts

The Escrow Account Service (escrow fiduciary account) is intended for legal entities that request the Bank open an Escrow Account to transfer, store, and manage the funds in the Account. The funds will serve as collateral executing future payment obligations agreed upon between the Payer and the Beneficiary.

Depending on the transaction type, the Escrow Account can be opened in: MDL, EUR, or USD.

•  real estate-purchase transactions 
• transactions related to subsidy and grant agreement through AIPA
• transactions for the provision of services with special conditions for the acceptance of work
• transactions involving the sale-purchase of securities, shares in the capital of companies
• other types of transactions that require documentary confirmation of work completion or services rendered

Customers can perform transactions for their current activities using a wide range of payment instruments:

• domestic payments in local currency
• foreign currency payments; 
• scheduled payments;
• multiple payments (batch payments).

A collection order is a document or instruction issued by an authorized person, authorizing the bank to collect funds from a debtor and transfer them to the creditor's account.

Interbank transfers are financial transactions involving funds transfers between accounts opened at different banks. Processing interbank payments consist of exchanging information and funds between banks, and the processing time can vary depending on the system used, ranging from a few hours to several days, based on the transaction type and the system's operating hours.

Intrabank payments refer to funds transfers between accounts opened at the same bank. These transactions are typically processed within the same financial institution, with the payment being processed instantly or quickly.

Direct debit is a payment method in whichthe paying bank debits the payer's bank account with the amount of the payment indicated in the payment request issued by the payee, and the payee's bank credits the payee's bank account.

The collection of receipts from clients' cash desks is carried out through a specialized collection service, which includes enhanced security measures, such as protection during the transport of monetary assets.To access this service, you must submit a subscription request at any branch of the bank. The request will be evaluated based on logistical capacity, and within two days, you will receive a response regarding the possibility of connecting to this service.

Maib offers the possibility to carry out currency conversion operations on favorable terms with the following currencies:
MDL, EUR, USD, RON, UAH, GBP, CHF, JPY, BYR.

Customers have the option to benefit from the following types of foreign exchange transactions:

• spot transactions – foreign exchange transactions with settlement within a maximum of 2 working days from the transaction date, which can be made by submitting a foreign exchange request at any maib branch or through the "Client-Bank" electronic system.
• forward transactions – foreign exchange transactions with settlement in more than 2 working days from the transaction date.

The payment order reception schedule at BC “MAIB” S.A.

Payment orders in national currency and foreign currency, issued by the bank’s customers, are processed by the bank on the same banking day if they are received and accepted by the bank as follows:

* It depends on the working hours of the bank’s subdivisions

** Advantages of immediate processing: 
● you make intrabank transfers in MDL (maib - maib transfer), unless additional details are required or the amount of the transfer is higher than 100,000 MDL
• you can always transfer funds from your maib business card to your maib current account and vice versa.
• you exchange foreign currency using your maib accounts at the commercial exchange rate offered at the time of the transaction.
• you transfer salaries by 20:30, unless further clarifications are required.
• you also perform all other transactions, but they will be processed on the next operational day.

*** Payment orders in foreign currency will be processed by the bank on the day of receipt, with the value date on the same banking day, if the time of receipt is up to:
15.00 –for payment orders in EUR;
17.00 –for payment orders in USD;
12.00 –for payment orders in other foreign currencies.

Payment orders in foreign currency received after the time limit or on a bank non-business day will be processed on the next business day.

Note: In the bank statement, transactions carried out on Saturday until the close of the operational day are reflected on Friday, while the others are transferred to the next operational day. Transactions carried out on Sunday are reflected on the following operational day - Monday. The exception is on official non-working days, where transactions are reflected on the next operational day.
 

Verification of cash collection operations involves controlling and confirming all transactions in which cash collections are made. This process is essential to ensuring the accuracy and legality of financial transactions.

Under Law No. 308 of December 22, 2017, which regulates the prevention and combating of money laundering and the financing of terrorism, clients who make cash deposits at the counters of maib bank must present supporting documents regarding the origin of the funds.