Payment Orders in Other Foreign Currency for Business customers

Attention: Please check carefully if you have entered the account number correctly. The payment transaction is executed according to the beneficiary’s account number indicated by you. In case the account number is indicated incorrectly, the funds may be credited to another client’s account, even if the recipient’s name is correct.

Within Citadele Bank group1 At the branch Using i-bank
Transfers between your accounts (executed on the same bank business day) 3 EUR free of charge
Within the bank (executed on the same bank business day) 3 EUR 2 EUR
Payments in foreign currency At the branch Using i-bank
Standard EEA payment (to countries of European Economic Area in currencies of these countries) 250 EUR (SHA) 250 EUR (SHA)
Urgent EEA payment (to countries of European Economic Area in currencies of these countries) 350 EUR 350 EUR
Standard payment in USD currency2 250 EUR (SHA)
300 EUR (OUR)
250 EUR (SHA)
300 EUR (OUR)
Standard payment in BYN, RUB3, KZT currencies2 300 EUR (OUR) 300 EUR (OUR)
Standard payment in other currencies2 250 EUR (SHA)
300 EUR (OUR)
250 EUR (SHA)
300 EUR (OUR)
Urgent payment in other currencies2  350 EUR (SHA)
400 EUR (OUR)
350 EUR (SHA)
400 EUR (OUR)

Valid from the1st of January, 2019.


SHA - the bank fees are paid both by the payer and the payee, i.e. the payer shall pay only Citadele Bank established fees, whereas any additional fees set by the foreign bank shall be covered by the payee.
BEN - all bank fees are paid by the payee, i.e. Citadele Bank fees and any additional fees charged by a foreign bank, which are deducted from the amount of transfer, shall be paid by the payee. Citadele Bank will deduct from the amount of transfer Citadele Bank established fees.*
OUR - all bank fees are paid by the payer, i.e. Citadele Bank fees and any additional fees charged by a foreign bank will covered by the payer. In this case, the payee receives the entire amount of the transfer (charges of other banks may be deducted from the amount transferred, if the international payment is processed in US dollars). Citadele Bank reserves the right to charge additional fees for OUR payment order.

Payment orders to all European Union (EU) countries, Norway, Iceland and Liechtenstein (EEA) are executed in all currencies if bank charges are paid by both payer and payee (SHA). Payment orders to EU and EEA countries in all currencies where bank charges are paid only by the payer (OUR) or the payee only (BEN) are not executed.

* If under the procedures established by the foreign banks the fee for execution of the funds transfer cannot be debited from the payee‘s bank account, the said fee is to be covered by the payer.

**Citadele bank group – AS „Citadele banka“ Lithuanina branch, AS „Citadele banka“ Latvia, AS „Citadele banka“ Estonian branch

1 for fee appliance conditions please see Terms for submission and execution of payments.

2 Payments in USD currency and other currencies (except RUB, CHF) are available only to those non-resident legal customers registered in Estonia or Latvia. Payments in RUB, CHF, EUR are available without restrictions.

3 BEN type commission is not offered for payments in RUB

 

Terms for submission and execution of payments

  Order submission time1 Execution day
Payments within Citadele Bank group before 16:30 the same banking day
Standard payment to another bank:    
EUR: EU regulated payments (SEPA) before 16:00 the same banking day
EUR: other payments before 14:30 the same banking day
USD, CNY   individually, information in Citadele bank Lithuania
BYN, RUB before 16:30 next banking day
GBP, DKK, NOK, SEK, PLN, CAD, CHF, AUD, JPY, KZT before 16:30 day after the next banking day
NZD, SGD, MXN before 14:00 day after the next banking day
Urgent payment to another bank:    
EUR before 16:00 the same banking day
CAD, CHF before 12:00 the same banking day
GBP, DKK, NOK, SEK, JPY, AUD, PLN before 14:00 next banking day
NZD, SGD, MXN before 16:00 day after the next banking day
Incoming payments into account    
EUR  before 16:30 on the same bank day if the bank has received information on transfer of EEA2 payment into the correspondent account of Citadele Bank
In other foreign currency before 16:30 on the next bank day after transferring funds into correspondent account of Citadele Bank

Banking day – workday (Monday, Tuesday, Wednesday, Thursday, Friday) from 8:00 to 16:30

1 If a payment order is submitted after the specified time before the end of a banking day (16:30), then value date of the payment will be one banking day later. If a payment order is received in the bank/payment execution day is a holiday, then the payment’s is executed on the next workday of the bank.
2  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.

Types of commissions:
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.
In case of SHA, recipient bank ensures delivery of full amount of PSL payment into recipient’s account, excepting when recipient bank has agreed with the recipient that a commission may withheld from the incoming amount.
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 withholds it from the customer’s account under the acceptance-free procedure..
BEN – banks’ commission fee is paid by the receiver. EEA payments with BEN commission type are not executed.

EU regulated payments are payments in EUR currency within the European Union (as well as Iceland, Switzerland, Liechtenstein and Norway). Payment should contain following preconditions to be processed as EU Regulated payment:
Recipient’s account number -IBAN;
Commission type - SHA;
Payment type - standard.
Beneficiary bank is SEPA reachable.

Citadele Bank shall not be responsible for any consequences if the recipient bank has not performed the instructions of Citadele Bank and the payment is not executes as EU regulated payment for the reasons beyond the control of Citadele Bank. 

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 200 USD.