Smart account
What is a „Smart account”?
- Easy, convenient and cheap way to pay the utility bills and to obtain yield from your money.
- Because this is a current account, by means of which the Bank pays instead of you your bills for electricity, water, telephone, heating, etc.
- Free of charge for opening the account, very low charges for transfers and maintenance.
What is smart in the „Smart account”?
- You do not need to queue for paying each utility bill month after month.
- You are sure, that your bills are paid in time.
- You are free to enjoy more pleasant and more important moments.
What should you do?
- Open (if you do not have) your „Smart” account (under local debit card or Visa Electron) with MKB Unionbank.
- Bring us the last bills issued by the providers of at least two inutilities (electricity, water, telephone, heating), you wish to be paid.
- Provide available funds on the account, to cover your expenses to the providers of utilities, selected by you. The bank may permit overdraft on the account and in case of lack of funds, the utility payments shall be paid by the overdraft.
How does the „Smart account” work for you?
- Each month the payments are transferred automatically by the bank from your account to the providers of utilities, selected by you. In case, on the first date of demand of the payment, no money is available in the account, the system makes totally 10 requests for payments – i.е. even in case of delay in the salary, the bills shall be paid.
- For each transaction or new bill for payment, you could receive a notification at your choice (via e-mail or SMS).
- You monitor whether the payments should be effected and up to what amounts on the accounts.
- The minimum obligatory balance on your account that should remain after the payments is 5 BGN for a local debit card or 15 BGN for VISA Electron. Above these amounts there is no limit for the amount, you should pay in your account. It is sufficient to cover your expenses for the bills under the mentioned accounts, in order to effect the payments.
- When the receivables on your account within the calendar month exceed 500 BGN, you are also granted a very attractive interest.
Is everyone entitled to „Smart account”?
Yes, „Smart account” is a financial service for all individuals.
How do we fix your interest rate?
In case of an ordered payment of at least 2 utilities and according to the receivables within one calendar month under the „smart account”, the type of the interest rate is fixed – „high” or „low”.
1. In case, the receivables under the account within the calendar month, are higher or equal to 500 BGN a „high” interest rate is accrued – 3,5% (for the current month on the daily balances).
2. In case, the receivables under the account within the calendar month are less than 500 BGN, the standard interest rate (or so-called „low” interest rate) is applied for the respective type of account.
3. The interest is payable at the end of the year.
It is important to know that
- The bank is entitled in case of non payment of utilities within 3 consecutive months to terminate unilaterally the accrual of „high” interest rate.
- The bank activates the service ” payment of utilities”, up to 1 month after being ordered, in case of demand by the service provider.
- The charges and commissions under the accounts are fixed, pursuant to the current Tariff of the bank.
For more details please visit the neares financial center of MKB Unionbank. Our kind consultants will provide to your attention all information needed. it is our pleasure to be at your service.