Article 863. General provisions on the settlement of payment orders.

1. When making a payment order, the bank undertakes, on behalf of the payer, using the funds in its account to transfer a certain amount of money to the account of the person specified by the payer in this or another bank within the period prescribed by law or established in accordance with it, if shorter the term is not stipulated by the bank account agreement or is not determined by the customs of business turnover used in banking practice. 2. The rules of this paragraph shall apply to relations connected with the transfer of funds through a bank by a person who does not have an account with this bank, unless otherwise provided by law, bank rules established in accordance with it, or does not follow from the essence of these relations. 3. The procedure for effecting settlements by payment orders is regulated by law, as well as banking rules established in accordance with it and the customs of business turnover applied in banking practice.

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Links to other articles of chapter 46. Calculations:
Article 861. Cash and non-cash payments.
Article 862. Forms of non-cash payments.
Article 864. Conditions for execution by a bank of a payment order.
Article 865. Execution of instructions.
Article 866. Responsibility for non-execution or improper execution of the order.
Article 867. General provisions on settlements under a letter of credit.
Article 868. Revocable letter of credit.
Article 869. Irrevocable letter of credit.
Article 870. Execution of a letter of credit.
Article 871. Refusal to accept documents.
Article 872. Responsibility of a bank for violation of the conditions of a letter of credit.
Article 873. Closing of a letter of credit.
Article 874. General provisions on settlements under collection.
Article 875. Execution of a collection order.
Article 876. Notification of operations performed.
Article 877. General provisions on payment by check.
Article 878. Check details.
Article 879. Payment of check.
Article 880. Transfer of rights by check.
Article 881. Payment Guarantee.
Article 882. Collection of check.
Article 883. Certificate of Refusal to Pay a Check.
Article 884. Notice of non-payment of the check.
Article 885. Consequences of non-payment of a check.