Automatic Money Transfers

Remotely, without visiting the Bank, the service gives the possibility to:

• Pay for electricity, gas, water and utility charges
• Pay telephone and internet bills of the "United Telecommunications Company” and "Global One”
• Transfer money between your accounts and deposit accounts
• perform internal and external transfers in Georgia
• Charge your mobile phone balance automatically

Main advantages:

• Possibility to pay your own as well as other persons’ bills
• Low monthly service fee
• SMS notification on each transfer performed

In order to benefit from automatic transfer service, you need to

• Have an account in Silk Road Bank
• Fill in the application form :

• For public utilities payments you require a personal number assigned to you by the utilities companies (as indicated on your relevant bills)
• Recipient’s bank details for internal and external transfers

Additional provisions:

• Transfer is performed from the principal account determined by customer
• In case of insufficient balance on the principal account, the automatic transfer is made from supplementary account indicated by customer in advance
• In case the accounts are in different currencies, the operations between the accounts are performed by means of conversion, considering the priority
• In case of insufficient balance on principal and supplementary accounts on the date of transfer, the transaction will not be performed
• The transferred amounts are reflected in the utilities companies’ databases within two working days, while in case of external transfers, the amounts in recipient bank accounts are reflected within three working days.