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  3. Terms for submission and execution of payments

Terms for submission and execution of payments

Order submission time
(Lithuanian time)		 Execution day
Payments within Citadele Bank (Lithuania, Latvia, Estonia) before 17.30 the same working day
Standard payment to another bank:
EUR: SEPA Instant payment without restrictions immediately after acceptance
EUR: SEPA1, other payments before 16.00 the same working day
USD before 16.00 the same working day2
CHF, GBP before 17.30 next working day
AUD before 14.00 day after the next working day
CAD, CNY, CZK, DKK, JPY, NOK, PLN, SEK before 17.30 day after the next working day
Urgent payment to another bank:
CAD before 12.00 the same working day
CHF before 13.00 the same working day
GBP before 16.00 the same working day
AUD before 11.00 next working day
CNY, CZK, DKK, JPY, NOK, PLN, SEK before 14.00 next working day
Incoming payments into account:
EUR: SEPA before 18.00 on the same working day
CZK, DKK, EUR, GBP, NOK, PLN, USD before 17.30 on the same working day if the bank has received information on transfer of payment into the correspondent account of Citadele Bank
In other foreign currency before 17.30 on the next working day after transferring funds into correspondent account of Citadele Bank
Order submission time
(Lithuanian time)		 Execution day
Payments within Citadele Bank (Lithuania, Latvia, Estonia)
before 17.30 the same working day
Standard payment to another bank:
EUR: SEPA Instant payment
without restrictions immediately after acceptance
EUR: SEPA1, other payments
before 16.00 the same working day
USD
before 16.00 the same working day2
CHF, GBP
before 17.30 next working day
AUD
before 14.00 day after the next working day
CAD, CNY, CZK, DKK, JPY, NOK, PLN, SEK
before 17.30 day after the next working day
Urgent payment to another bank:
CAD
before 12.00 the same working day
CHF
before 13.00 the same working day
GBP
before 16.00 the same working day
AUD
before 11.00 next working day
CNY, CZK, DKK, JPY, NOK, PLN, SEK
before 14.00 next working day
Incoming payments into account:
EUR: SEPA
before 18.00 on the same working day
CZK, DKK, EUR, GBP, NOK, PLN, USD
before 17.30 on the same working day if the bank has received information on transfer of payment into the correspondent account of Citadele Bank
In other foreign currency
before 17.30 on the next working day after transferring funds into correspondent account of Citadele Bank

1 Only SHA allowed.
2 USD payment processing may depend on payment execution route through different correspondent banks or other specific operational factors. More information in Citadele bank.

Working day – Monday, Tuesday, Wednesday, Thursday, Friday from 8.30 to 16.30, excluding official holidays of Republic of Lithuania.

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As of August 20th, 2022 AS Citadele banka has stopped processing of all (incoming and outgoing) payments to and from Russia and/or Belarus for private individuals. More information.

Commission types:


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 EEA 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 he 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 receive.


SEPA payments (EU regulated payments): Payments in EUR currency 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:

  • Recipient’s IBAN account number,
  • Commission type – SHA,
  • Payment type - standard.
  • Recipient bank is SEPA participant

AS Citadele bank Lithuanian branch is not responsible for the consequences if the recipient's bank does not fulfill the payment instructions of AS Citadele bank Lithuanian branch and if the payment is not executed as an EU-regulated payment for reasons beyond Citadele bank's control.

Funds to the beneficiary's account at AS "Citadele banka" Lithuanian branch are credited only according to the beneficiary's account number in IBAN format. This means the bank does not verify whether the account specified in the payment order belongs to the recipient of the funds. Therefore, if the account number is incorrectly specified, the funds may be credited to another client's account, regardless of the name of the beneficiary indicated.

If the payment order is submitted to the bank after the specified deadline, the payment is executed on the next banking business day. If the payment order is received by the bank or the payment execution day is a non-banking day (holiday), then the payment is executed on the next banking business day.

The EEA countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Hungary, Germany, Greece, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.