Money Transfers (Online Banking, Digifirma)

PrivateCorporate

Payments within Citadele Bank1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
Within Citadele Bank (including to the Estonian branch) between own accounts free of charge EUR 3 (or equivalent)
Within Citadele Bank (including to the Estonian branch) between accounts of different customers EUR 1 EUR 3 (or equivalent)
Within Citadele Bank (including to the Estonian branch) between accounts of the customer closing, if closing the Account is closing and if balance of Account is not more than EUR 2 or equivalent in another currency free of charge free of charge
EUR, USD within Citadele Bank to the accounts of "Ziedot" fund, accounts of Latvia Paralympic Committee free of charge free of charge
Citadele Bank’s initiated payments to the Account with negative balance from another account of the customer free of charge free of charge
Effective from 01.03.2016.

 

Euro payments1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
  up to EUR 300 (inclusive) over EUR 300 up to EUR 300 (inclusive) over EUR 300
Standard Payment to other bank in Latvia EUR 0.36 EUR 18 EUR 4 EUR 21
Urgent payment to other bank in Latvia EUR 21 EUR 21 EUR 26 EUR 26
  SHA (shared)3 SHA (shared)3    
EU-regulated payments5 EUR 0.36 EUR 18 not available not available
  SHA (shared)3 OUR (remitter)4 OUR (remitter)4
Standard payment to other bank abroad and standard EEA payment** 0.1% (min. EUR 18, max. EUR 50) 0.1% (min. EUR 18, max. EUR 50) + EUR 12 0.2% (min. EUR 24, max. EUR 75) + EUR 12
Urgent payment to other bank abroad and standard EEA payment** 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24 max. EUR 75). +. EUR. 12 0.3% (min. EUR 36 max. EUR 95) + EUR 12
Effective from 01.03.2016.

 

Payments in foreign currency1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
  SHA (shared)3 OUR (remitter)4 SHA (shared)3 OUR (remitter)4
Standard EEA payment (to countries of European Economic Area in currencies of these countries****** 0.1% (min. EUR 18, max. EUR 50) 0.1% (min. EUR 18, max. EUR 50) + EUR 12 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24, max. EUR 75) + EUR 12
Urgent EEA payment (to countries of European Economic Area in currencies of these countries*** 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24, max. EUR 75) + EUR 12 0.3% (min. EUR 36, max. EUR 95) 0.3% (min. EUR 36, max. EUR 95) + EUR 12
standard payment in USD currency7,9 0.25% (min. USD 55, max. USD 85) 0.25% (min. USD 55, max. USD 85) + USD 25 0.35% (min. USD 75, max. USD 110) 0.35% (min. USD 75, max. USD 110) + USD 25
BYN, RUB8, KZT to other banks not available EUR 15 not available EUR 35
Standard payment in other currencies EUR 20 EUR 40 EUR 30 EUR 50
Urgent payment in other currencies EUR 35 EUR 55 EUR 45 EUR 65
Effective from 15.06.2017.

 

Regular payments (Fixed amount regular payment; Minimum balance maintenance; Maximum balance maintenance)

Registration of regular payment – all types of standing order free of charge
Execution of regular payment – all types of standing order as for electronic payments from Current Account
Effective from 11.05.2010.

 

Payments from payment card deposit account

To account of same beneficiary in Citadele Bank free of charge
To other client's account in Citadele Bank as payment from Current Account
To account in other bank as payment from Current Account
Effective from 11.05.2010.

 

Incoming currency transfers to account6

From account in Citadele Bank, from other bank in Latvia, EU regulated payments free of charge
RUB incoming payments with status BEN and SHA free of charge
Other incoming payments with status BEN and SHA EUR 3 equivalent
Additional commission fee for money transfers to an account, if IBAN standard account number is not shown as beneficiary account (commission is charged only for incoming transfers from other bank) EUR 20 equivalent
Effective from 01.01.2015.

 

Non-cash currency exchange

Freely convertible currency exchange in accordance with Citadele Bank rate, with no additional commission
Effective from 11.05.2010.

 

 
1 Terms for submission and execution of payments:
  Order submission time* (Latvian time) Execution
Money payments within the Citadele Bank before 17.30 the same banking day
Standard payments to another bank:
EUR: EU regulated payments (SEPA) before 15:45 the same banking day
EUR: payments to banks in Latvia** before 17:30 the same banking day
EUR: other payments** before 14:30 the same banking day
USD, CNY   individually, information in Citadele bank
GBP, BYN, RUB before 17:30 next banking day
DKK, NOK, SEK, HUF, PLN, CAD, CHF, AUD, JPY, KZT before 17:30 day after the next banking day
BGN, CZK, HKD, ISK, NZD, SGD, ZAR, MXN before 14:00 day after the next banking day
Express transfer to another bank:
EUR before 16:00 the same banking day
GBP, CAD, CHF before 12:00 the same banking day
DKK, NOK, SEK, JPY, AUD, HUF, PLN before 14:00 next banking day
BGN, CZK, HKD, ISK, NZD, SGD, ZAR, MXN before 16:00 day after the next banking day
Incoming currency transfers to account
EUR, GBP, DKK, NOK, SEK, CZK, HUF, PLN, BGN, ISK before 17:30 the same bank day if the bank has received information on transfer of EEA*** payment into the correspondent account of Citadele Bank
In other foreign currency before 17:30 the next bank day after transferring funds into correspondent account of Citadele Bank
Effective from 15.06.2017.
Banking day – workday (Monday, Tuesday, Wednesday, Thursday, Friday) from 8.30 to 17.30, excluding official holidays of Republic of Latvia.
*If a payment order is submitted after the specified time before the end of a banking day (17:30), then value date of the payment will be one banking day later. If a payment order is received by the bank/payment execution day is a holiday, then the payment is executed on the next banking day.
** To banks in Latvia, participants of Latvia Bank electronic clearing system. Participants list: https://www.bank.lv/en/about-us/tasks/payment-systems/eks.
***EEA payment - payments in EUR, BGN, CZK, DKK, GBP, HUF, ISK, NOK, PLN, SEK, executed from the account or without opening an account at a payment institution within EEA (European Economic Area) with the purpose of delivering them to an account opened for the recipient at a payment institution within the EEA. Payments are executed only with SHA type of commission (commission is paid by payer (separately from the payment amount), recipient bank receives a payment full sum)). If the payment involves currency conversion, OUR commission type can be specified.
EEA countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Hungary, Germany, Greece, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

2 Payments that are executed using Citadele Online Banking, with completed field "Information for the bank", that are intended for obligatory manual processing.
3 SHA – commission fee is paid by the sender (separately from the transfer amount), but the recipient’s account is credited by the payment amount minus commission fees of the correspondent bank and intermediary banks.
4 OUR – banks’ commission fee is paid by the sender. Citadele Bank withholds commission fees of Citadele bank and correspondent bank at the moment of payment from the sender’s account (separately from the transfer amount). If the recipient bank or intermediary mediator bank requests Citadele Bank to pay its commission fee, then Citadele Bank shall withhold it from the customer’s account under the acceptance-free procedure.
5 Payments regulated by the EU are EUR payments within the European Union (as well as Iceland, Switzerland, Liechtenstein and Norway). In order for such payment type to be performed, one must specify the following details in the payment order:
  • IBAN account number of the recipient,
  • SWIFT code of the recipient bank,
  • Reference that commission fee of the correspondent bank is paid by the recipient (SHA);
  • Reference that the payment is a standard EUR payment.
Citadele Bank shall not be responsible if the recipient bank has not performed the instructions of Citadele Bank that are necessary to execute a payment regulated by the EU for the reasons beyond the control of Citadele Bank.
6The commission payment is not charged, if the payment is made to theccount of investment fund in Citadele Bank, which is in management of “Citadele Asset Management” IPAS.
7 Additional fee for international payments which currency is USD and which is made to customers with residence country Principality of the Valleys of Andorra, Anguilla (United Kingdom of Great Britain and Northern Ireland), Antigua and Barbuda, Aruba (Kingdom of the Netherlands), Bailiwick of Guernsey (United Kingdom of Great Britain and Northern Ireland ), Barbados, Belize, Bolivarian Republic of Venezuela, British Virgin Islands, Brunei Darussalam, Cayman Islands (United Kingdom of Great Britain and Northern Ireland), Commonwealth of Dominica, Commonwealth of the Bahamas, Cook Islands (New Zealand), Curacao (Netherlands), Cyprus, Democratic Republic of São Tomé and Príncipe, Federation of Saint Christopher and Nevis, Gibraltar (United Kingdom of Great Britain and Northern Ireland), Grenada, Guam (United States), Hashemite Kingdom of Jordan, Hong Kong (People's Republic of China), Independent State of Samoa, Isle of Man (United Kingdom of Great Britain and Northern Ireland, Jamaica, Jersey (United Kingdom of Great Britain and Northern Ireland), Kingdom of Bahrain, Kingdom of Tonga, Labuan (Malaysia), Lebanese Republic, Macau (People's Republic of China), Monaco, Montserrat (United Kingdom of Great Britain and Northern Ireland), New Caledonia (French Republic), New Zealand, Niue (New Zealand), Oriental Republic of Uruguay, Principality of Liechtenstein, Republic of Costa Rica, Republic of Djibouti, Republic of Ecuador, Republic of Guatemala, Republic of Kenya, Republic of Liberia, Republic of Maldives, Republic of Mauritius, Republic of Nauru, Republic of Panama, Republic of Seychelles, Republic of the Marshall Islands, Republic of Vanuatu, Saint Lucia, Saint Maarten (Netherlands), Saint Martin (United Kingdom of Great Britain and Northern Ireland), Saint Pierre and Miquelon (French Republic), Saint Vincent and the Grenadines, San Marino, State of Kuwait, State of Qatar, Tahiti (French Polynesia ), The Islands of Bermuda (United Kingdom of Great Britain and Northern Ireland), Turks and Caicos Islands (United Kingdom of Great Britain and Northern Ireland), U.S. Virgin Islands, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, Zanzibar Island (United Republic of Tanzania) – is USD 200.
8 Commission type BEN not allowed for this type of payment..
9 Changes in payment execution conditions starting with 15 June, 2017. See table “Terms for submission and execution of payments”.

Payments within Citadele Bank1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
Within Citadele Bank (including to the Estonian branch) between own accounts free of charge EUR 3 (or equivalent)
Within Citadele Bank (including to the Estonian branch) between accounts of different customers EUR 1 EUR 3 (or equivalent)
Within Citadele Bank (including to the Estonian branch) between accounts of the customer closing, if closing the Account is closing and if balance of Account is not more than EUR 2 or equivalent in another currency free of charge free of charge
EUR, USD within Citadele Bank to the accounts of "Ziedot" fund, accounts of Latvia Paralympic Committee free of charge free of charge
Citadele Bank’s initiated payments to the Account with negative balance from another account of the customer free of charge free of charge
Effective from 01.03.2016.

 

Euro payments1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
  up to EUR 300 (inclusive) over EUR 300 up to EUR 300 (inclusive) over EUR 300
Standard Payment to other bank in Latvia EUR 0.36 EUR 18 EUR 4 EUR 21
Urgent payment to other bank in Latvia EUR 21 EUR 21 EUR 26 EUR 26
  SHA (shared)3 SHA (shared)3    
EU-regulated payments5 EUR 0.36 EUR 18 not available not available
  SHA (shared)3 OUR (remitter)4 OUR (remitter)4
Standard payment to other bank abroad and standard EEA payment** 0.1% (min. EUR 18, max. EUR 50) 0.1% (min. EUR 18, max. EUR 50) + EUR 12 0.2% (min. EUR 24, max. EUR 75) + EUR 12
Urgent payment to other bank abroad and standard EEA payment** 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24 max. EUR 75). +. EUR. 12 0.3% (min. EUR 36 max. EUR 95) + EUR 12
Effective from 01.03.2016.

 

Payments in foreign currency1

  Electronic Payments Client Service Centre/ Branch, Facsimile account management system and electronic payments, which is processed manually2
  SHA (shared)3 OUR (remitter)4 SHA (shared)3 OUR (remitter)4
Standard EEA payment (to countries of European Economic Area in currencies of these countries****** 0.1% (min. EUR 18, max. EUR 50) 0.1% (min. EUR 18, max. EUR 50) + EUR 12 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24, max. EUR 75) + EUR 12
Urgent EEA payment (to countries of European Economic Area in currencies of these countries*** 0.2% (min. EUR 24, max. EUR 75) 0.2% (min. EUR 24, max. EUR 75) + EUR 12 0.3% (min. EUR 36, max. EUR 95) 0.3% (min. EUR 36, max. EUR 95) + EUR 12
standard payment in USD currency7,9 0.25% (min. USD 55, max. USD 85) 0.25% (min. USD 55, max. USD 85) + USD 25 0.35% (min. USD 75, max. USD 110) 0.35% (min. USD 75, max. USD 110) + USD 25
BYN, RUB8, KZT to other banks not available EUR 15 not available EUR 35
Standard payment in other currencies EUR 20 EUR 40 EUR 30 EUR 50
Urgent payment in other currencies EUR 35 EUR 55 EUR 45 EUR 65
Effective from 15.06.2017.

 

Regular payments (Fixed amount regular payment; Minimum balance maintenance; Maximum balance maintenance)

Registration of regular payment – all types of standing order free of charge
Execution of regular payment – all types of standing order as for electronic payments from Current Account
Effective from 11.05.2010.

 

Payments from payment card deposit account

To account of same beneficiary in Citadele Bank free of charge
To other client's account in Citadele Bank as payment from Current Account
To account in other bank as payment from Current Account
Effective from 11.05.2010.

 

Incoming currency transfers to account6

From account in Citadele Bank, from other bank in Latvia, EU regulated payments free of charge
RUB incoming payments with status BEN and SHA free of charge
Other incoming payments with status BEN and SHA EUR 3 equivalent
Additional commission fee for money transfers to an account, if IBAN standard account number is not shown as beneficiary account (commission is charged only for incoming transfers from other bank) EUR 20 equivalent
Effective from 01.01.2015.

 

Non-cash currency exchange

Freely convertible currency exchange in accordance with Citadele Bank rate, with no additional commission
Effective from 11.05.2010.

 

 
1 Terms for submission and execution of payments:
  Order submission time* (Latvian time) Execution day
Money payments within the Citadele Bank before 17.30 the same banking day
Standard payments to another bank:
EUR: EU regulated payments (SEPA) before 15:45 the same banking day
EUR: payments to banks in Latvia** before 17:30 the same banking day
EUR: other payments** before 14:30 the same banking day
USD, CNY   individually, information in Citadele bank
GBP, BYN, RUB before 17:30 next banking day
DKK, NOK, SEK, HUF, PLN, CAD, CHF, AUD, JPY, KZT before 17:30 day after the next banking day
BGN, CZK, HKD, ISK, NZD, SGD, ZAR, MXN before 14:00 day after the next banking day
Express transfer to another bank:
EUR before 16:00 the same banking day
GBP, CAD, CHF before 12:00 the same banking day
DKK, NOK, SEK, JPY, AUD, HUF, PLN before 14:00 next banking day
BGN, CZK, HKD, ISK, NZD, SGD, ZAR, MXN before 16:00 day after the next banking day
Incoming currency transfers to account
EUR, GBP, DKK, NOK, SEK, CZK, HUF, PLN, BGN, ISK before 17:30 the same bank day if the bank has received information on transfer of EEA*** payment into the correspondent account of Citadele Bank
In other foreign currency before 17:30 the next bank day after transferring funds into correspondent account of Citadele Bank
Effective from 15.06.2017.
Banking day – workday (Monday, Tuesday, Wednesday, Thursday, Friday) from 8.30 to 17.30, excluding official holidays of Republic of Latvia.
*If a payment order is submitted after the specified time before the end of a banking day (17:30), then value date of the payment will be one banking day later. If a payment order is received by the bank/payment execution day is a holiday, then the payment is executed on the next banking day.
** To banks in Latvia, participants of Latvia Bank electronic clearing system. Participants list: https://www.bank.lv/en/about-us/tasks/payment-systems/eks.
***EEA payment - payments in EUR, BGN, CZK, DKK, GBP, HUF, ISK, NOK, PLN, SEK, executed from the account or without opening an account at a payment institution within EEA (European Economic Area) with the purpose of delivering them to an account opened for the recipient at a payment institution within the EEA. Payments are executed only with SHA type of commission (commission is paid by payer (separately from the payment amount), recipient bank receives a payment full sum)). If the payment involves currency conversion, OUR commission type can be specified.
EEA countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Hungary, Germany, Greece, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

2 Payments that are executed using Citadele Online Banking, with completed field "Information for the bank", that are intended for obligatory manual processing.
3 SHA – commission fee is paid by the sender (separately from the transfer amount), but the recipient’s account is credited by the payment amount minus commission fees of the correspondent bank and intermediary banks.
4 OUR – banks’ commission fee is paid by the sender. Citadele Bank withholds commission fees of Citadele bank and correspondent bank at the moment of payment from the sender’s account (separately from the transfer amount). If the recipient bank or intermediary mediator bank requests Citadele Bank to pay its commission fee, then Citadele Bank shall withhold it from the customer’s account under the acceptance-free procedure.
5 Payments regulated by the EU are EUR payments within the European Union (as well as Iceland, Switzerland, Liechtenstein and Norway). In order for such payment type to be performed, one must specify the following details in the payment order:
  • IBAN account number of the recipient,
  • SWIFT code of the recipient bank,
  • Reference that commission fee of the correspondent bank is paid by the recipient (SHA);
  • Reference that the payment is a standard EUR payment.
Citadele Bank shall not be responsible if the recipient bank has not performed the instructions of Citadele Bank that are necessary to execute a payment regulated by the EU for the reasons beyond the control of Citadele Bank.
6The commission payment is not charged, if the payment is made to theccount of investment fund in Citadele Bank, which is in management of “Citadele Asset Management” IPAS.
7 Additional fee for international payments which currency is USD and which is made to customers with residence country Principality of the Valleys of Andorra, Anguilla (United Kingdom of Great Britain and Northern Ireland), Antigua and Barbuda, Aruba (Kingdom of the Netherlands), Bailiwick of Guernsey (United Kingdom of Great Britain and Northern Ireland ), Barbados, Belize, Bolivarian Republic of Venezuela, British Virgin Islands, Brunei Darussalam, Cayman Islands (United Kingdom of Great Britain and Northern Ireland), Commonwealth of Dominica, Commonwealth of the Bahamas, Cook Islands (New Zealand), Curacao (Netherlands), Cyprus, Democratic Republic of São Tomé and Príncipe, Federation of Saint Christopher and Nevis, Gibraltar (United Kingdom of Great Britain and Northern Ireland), Grenada, Guam (United States), Hashemite Kingdom of Jordan, Hong Kong (People's Republic of China), Independent State of Samoa, Isle of Man (United Kingdom of Great Britain and Northern Ireland, Jamaica, Jersey (United Kingdom of Great Britain and Northern Ireland), Kingdom of Bahrain, Kingdom of Tonga, Labuan (Malaysia), Lebanese Republic, Macau (People's Republic of China), Monaco, Montserrat (United Kingdom of Great Britain and Northern Ireland), New Caledonia (French Republic), New Zealand, Niue (New Zealand), Oriental Republic of Uruguay, Principality of Liechtenstein, Republic of Costa Rica, Republic of Djibouti, Republic of Ecuador, Republic of Guatemala, Republic of Kenya, Republic of Liberia, Republic of Maldives, Republic of Mauritius, Republic of Nauru, Republic of Panama, Republic of Seychelles, Republic of the Marshall Islands, Republic of Vanuatu, Saint Lucia, Saint Maarten (Netherlands), Saint Martin (United Kingdom of Great Britain and Northern Ireland), Saint Pierre and Miquelon (French Republic), Saint Vincent and the Grenadines, San Marino, State of Kuwait, State of Qatar, Tahiti (French Polynesia ), The Islands of Bermuda (United Kingdom of Great Britain and Northern Ireland), Turks and Caicos Islands (United Kingdom of Great Britain and Northern Ireland), U.S. Virgin Islands, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, Zanzibar Island (United Republic of Tanzania) – is USD 200.
8 Commission type BEN not allowed for this type of payment.
9 Changes in payment execution conditions starting with 15 June, 2017. See table “Terms for submission and execution of payments”.