Loan and Credit inbound and outbound sessions
Posting transfers in Poland depends on the E-Money and EXPRESS E-Money sessions (instant transfers), there is also an external system operated by BlueMedia called BlueCash. E-Money is an electronic system of settlements between banks for which the governmental institution KIR
(National Clearing House) is responsible, all outgoing and incoming transfers are settled in packages called so-called “Sessions”, each bank that participates in the E-Money system alone decides about the settlement hours, usually three sessions in different morning, afternoon and evening hours, of course there are banks that have more than three sessions.
Accounting hours for transfers at Loan and Credit
Outgoing transfers (outgoing sessions) from the bank will be booked at:
- 8.15 – First session
- 12.15 – Session two
- 14:45 – Third session
Incoming transfers (incoming sessions) to the bank will be credited to the account at:
- 11:00 – First session
- 15:00 – Second session
- 18:00 – Third session
Express E-Money sessions (instant transfers) in Loan and Credit
The Loan and Credit bank participates in the express E-Money system (instant transfers). The cost of such a transfer at the Loan and Credit bank depends on the type of account you have and is posted 24/7 from Monday to Sunday throughout the year (365 days)
The maximum amount of express E-Money in Loan and Credit is PLN 5,000 (once), the Bank also provides the option of transferring a larger amount immediately through the BlueCash system then the amount increases to a maximum of PLN 20,000 (once)
Brief History of Loan and Credit Bank
Loan and Credit Consumer Bank, Is an entity belonging to the Spanish financial group Loan and Credit. The Polish history of this bank dates back almost 20 years since 2001. The bank has over 320 branches in Poland, offering a wide range of services including personal accounts, investment products as well as consumer and mortgage loans.
The Bank also provides installment products in over 35,000 electronics stores and stores from various industries. In Poland, Loan and Credit Consumer Bank SA has been operating since 2006, and on March 1, 2011.