High-risk countries to which outgoing payments are not processed
In order to mitigate international payment risks in line with its low-risk banking strategy, Swedbank AS will discontinue outgoing payments to several high-risk countries from 01.09.2023. These countries are:
Afghanistan; American Samoa; Anguilla; Aruba; Belize; Bhutan; Bonaire, Sint Eustatius and Saba; British Virgin Islands; Brunei Darussalam; Burkina Faso; Burundi; Central African Republic; Chad; Comoros; Cook Islands; Democratic People's Republic of Korea (North Korea); Djibouti; East Timor (Timor Leste); El Salvador; Equatorial Guinea; Eritrea; Eswatini (Swaziland); Fiji; Gambia; Grenada; Guinea; Guinea-Bissau; Haiti; Islamic Republic of Iran; Iraq; Kiribati; Lesotho; Marshall Islands; Mauritania; Myanmar (Burma); Federated States of Micronesia; Montserrat; Nauru; Niger; Niue; Northern Mariana Islands; Palau; Papua New Guinea; Saint Helena; Saint Lucia; Saint Vincent and the Grenadines; Samoa; Sao Tome and Principe; Syria; Solomon Islands; Somalia; South Sudan; Suriname; Tonga; Turks and Caicos; Tuvalu; Vanuatu; Bolivarian Republic of Venezuela; Wallis and Futuna; Western Sahara.
Algeria, Angola, Armenia, Azerbaijan, Barbados, Bolivia, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Georgia, Yemen, Jamaica, Kazakhstan, Kenya, Kyrgyzstan, Lao People's Democratic Republic, Lebanon, Liberia, Mali, Mozambique, Namibia, Nicaragua, Nigeria, Pakistan, Panama, Philippines, Republic of Moldova, Senegal, Serbia, South Africa, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United Arab Emirates, Tanzania, Uzbekistan, Vietnam.
Algeria, Angola, Armenia, Azerbaijan, Barbados, Bolivia, Burkina Faso, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Georgia, Haiti, Yemen, Iraq, Jamaica, Kazakhstan, Kenya, Kyrgyzstan, Lao People's Democratic Republic, Lebanon, Liberia, Mali, Myanmar (Burma), Mozambique, Namibia, Nicaragua, Niger, Nigeria, Pakistan, Panama, Philippines, Republic of Moldova, Samoa, Senegal, Serbia, South Africa, South Sudan, Suriname, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United Arab Emirates, Tanzania, Uzbekistan, Vanuatu, Vietnam.
Algeria, Angola, Armenia, Azerbaijan, Barbados, Bolivia, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Georgia, Yemen, Jamaica, Kazakhstan, Kenya, Kyrgyzstan, Lao People's Democratic Republic, Lebanon, Liberia, Mali, Mozambique, Namibia, Nicaragua, Nigeria, Pakistan, Panama, Philippines, Republic of Moldova, Senegal, Serbia, South Africa, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United Arab Emirates, Tanzania, Uzbekistan, Vietnam.
A payment can be executed as an instant payment within seconds at any time (24/7), provided that:
- The payment made via Internet Banking or the mobile app.
- The beneficiary's account is with a payment institution registered in Latvia that has joined the instant payments system.
- The payment amount for an outgoing payment does not exceed 15,000 EUR.
If the beneficiary bank cannot accept the payment as an instant payment, other obstacles to its execution exist or additional checks are required for its execution, the instant payment may be rejected and processed as an economic euro-denominated payment to the European payment area countries.
- Payments in EUR
Payments in EUR
| Service |
Payment submission type and time |
Price, EUR |
|
via Internet Banking |
via Branch/Telephone Banking |
| Shared |
| Active Tariff |
Basic Tariff |
|
| Intra-bank payments |
| To own Swedbank account in Latvia |
Immediately |
Free of charge |
Free of charge |
5.00 |
| To other person's Swedbank account in Latvia |
Immediately |
Free of charge |
0.00 - 0.21
- Standard - 0.21
- Newly created companies that open an account within year of registering the company, first year - 0.00.
|
5.00 |
| European payments* |
| To other bank in Latvia (incl. instant payments) or to the European payments area countries |
Economy
Delivery of funds to beneficiary bank or intermediary bank on the same business day as when the bank has accepted the customer’s order.
16:00
|
0.36 |
0.57 |
5.00 |
|
Express
Delivery of funds to beneficiary bank or intermediary bank on the same business day, within an hour after the bank has accepted the customer’s order.
16:00
|
15.00 |
20.00 |
20.00 |
|
To an account at Swedbank Group
Payments to Estonia, Lithuania, Sweden, Norway.
|
Economy
17:30
|
0.36 |
0.57 |
5.00 |
| International payments |
|
Shared/Payer |
Shared/Payer |
Shared/Payer |
| Active Tariff |
Basic Tariff |
|
| To other bank outside the European payments area countries (and European payments if beneficiary’s IBAN is not specified) |
Economy
The money will be delivered to the beneficiary bank after two business days, as from the moment when the bank has accepted the customer's order.
Unrestricted
|
12.00/23.00 |
15.00/27.00 |
15.00/27.00 |
|
Standard
The money will be delivered to the beneficiary bank on the next business day, as from the moment when the bank has accepted the customer's order.
16:00
|
15.00/ 27.00 |
20.00/ 30.00 |
20.00/ 30.00 |
|
Express
The money will be delivered to the beneficiary bank on the same business day, as from the moment when the bank has accepted the customer's order.
14:00
|
22.00/ 43.00 |
30.00/ 50.00 |
30.00/ 50.00 |
| Additional fee for payments to high-risk and very high-risk countries (effective from 01.06.2025)** |
|
100.00 |
100.00 |
100.00 |
Swedbank does not process International payments to some high-risk countries. More information here.
Payment submission time - the latest when payment of this type may be submitted. If the payment is submitted after this time, one more business day will be added to the execution time of the payment. If submission time is not indicated, the payment may be submitted during business hours of the particular branch / sub-branch or remote banking channel.
Shared - one of the two commission paying options selected by the customer when making a payment; the charge includes Swedbank's commissions only; any other payment-related charges (of correspondent bank or beneficiary bank) are payable by the beneficiary (payee). The bank will transfer the payment to the correspondent bank or the beneficiary bank with a note "SHA" in the corresponding S.W.I.F.T. message field "Details of Charges". The payment will be credited to the beneficiary's account by the beneficiary bank after deduction of all charges, if any, from the payment amount.
Payer - the payer undertakes to cover all costs associated with the payment, including any extra fees charged by the banks involved in execution of the payment. The Bank is entitled to debit them from the Customer’s Account without any additional approval by the Customer. The Bank assumes no responsibility for non-compliance, by any of the banks involved (correspondent bank or beneficiary bank), with the Bank’s instructions or for not receiving the full amount of the payment due to other reasons beyond the control of the Bank.
*European payments or SEPA (Single Euro Payments Area) - euro payments to a European bank (bank, that is located in EU member states and in the United Kingdom, Andorra, Gibraltar, Iceland, Liechtenstein, San Marino, Monaco, Norway, Switzerland and Vatican (Holy See).
** The additional fee is charged for payments to countries which, according to the EU list of high-risk third countries, the Financial Action Task Force (FATF) list of high-risk countries and countries under increased monitoring and the restrictive measures under the sanction regime, are considered by the bank to be high-risk and very high-risk countries and/or where further evaluation is necessary. The list of the countries is available here. The additional fee is debited in one payment together with the payment execution fee according to the price list.
Effective from 01.09.2023
- Payments in Foreign Currency
Payments in Foreign Currency
To own or other person's account at Swedbank Latvia
| Service |
Payment execution mode |
Price, EUR |
|
via Internet Banking |
via Branch/Telephone Banking |
|
Active Tariff/Basic Tariff |
|
| To own Swedbank account in Latvia |
| All foreign currencies |
Immediate |
Free of charge |
5,00 |
| To other person's Swedbank account in Latvia |
| All foreign currencies |
Immediate |
Free of charge/ 0.21 |
5.00 |
Effective from 01.08.2021
To other bank in Latvia or to the European payments* area countries
The permitted fee type is “Shared” or “SHA”, except to the United Kingdom or Switzerland where the permitted fee type is “Shared/Payer” or “SHA/OUR”. The fee in case of “Payer” or “OUR” is specified in the Price List in the section “Payments in Foreign Currency” > “To other bank outside the European payments area countries”.
| Payment submission type |
Currency |
Payment submission time |
Price, EUR |
|
via Internet Banking |
via Branch/Telephone Banking |
|
Active Tariff/ Basic Tariff |
|
| To other bank in Latvia or to the European payments* area countries |
|
Economy
Delivery of funds to beneficiary bank or intermediary bank 2 business days after the bank has accepted the customer’s order.
|
All foreign currencies |
Unrestricted (AED, ILS, INR, BGN till 14:00) |
12.00/ 15.00 |
15.00 |
|
Standard
Delivery of funds to beneficiary bank or intermediary bank the next business day after the bank has accepted the customer’s order.
|
USD |
16:00 |
15.00/ 20.00 |
20.00 |
CZK, DKK, GBP, HUF, NOK, PLN,
RON, SEK, AUD, CAD, CHF, CNY,
HKD, JPY, MXN, NZD, SGD, THB,
TRY, ZAR |
14:00 |
Express
Delivery of funds to beneficiary bank or intermediary bank on the same business day as when the bank has accepted the customer’s order.
|
USD |
15:00 |
22.00/ 30.00 |
30.00 |
| GBP, SEK |
12:30 |
* European payments or SEPA (Single Euro Payment Area) - payments in euro currency to a European bank (banks located in an EU member state and the United Kingdom, Andorra, Gibraltar, Iceland, Lichtenstein, San Marino, Monaco, Norway, Switzerland and the Vatican (Holy See).
Payment submission time - the latest when payment of this type may be submitted. If the payment is submitted after this time, one more business day will be added to the execution time of the payment. If submission time is not indicated, the payment may be submitted during business hours of the particular branch / sub-branch or remote banking channel.
Effective from 21.03.2022
To other bank outside the European payments* area countries
| Payment submission type |
Currency |
Payment submission time |
Price, EUR |
|
via Internet Banking |
via Branch/Telephone Banking |
|
Shared/Payer |
Shared/Payer |
|
Active Tariff |
Basic Tariff |
| To other bank outside the European payments* area countries |
|
Economy
Delivery of funds to beneficiary bank or intermediary bank 2 business days after the bank has accepted the customer’s order.
|
All foreign currencies |
Unrestricted (AED, ILS, INR, BGN till 14:00) |
12.00/ 23.00 |
15.00/ 27.00 |
|
Standard
Delivery of funds to beneficiary bank or intermediary bank the next business day after the bank has accepted the customer’s order.
|
USD |
16:00 |
15.00/ 27.00 |
20.00/ 30.00 |
CZK, DKK, GBP, HUF, NOK, PLN, RON,
SEK, AUD, CAD, CHF, CNY, HKD, JPY,
MXN, NZD, SGD, THB, TRY, ZAR |
14:00 |
Express
Delivery of funds to beneficiary bank or intermediary bank on the same business day as when the bank has accepted the customer’s order.
|
USD |
15:00 |
22.00/ 43.00 |
30.00/ 50.00 |
| GBP, SEK |
12:30 |
| Additional fee for payments to high-risk and very high-risk countries (effective from 01.06.2025)** |
|
100.00 |
100.00 |
Swedbank does not process International payments to some high-risk countries. More information here.
* European payments or SEPA (Single Euro Payment Area) - payments in euro currency to a European bank (banks located in an EU member state and the United Kingdom, Andorra, Gibraltar, Iceland, Lichtenstein, San Marino, Monaco, Norway, Switzerland and the Vatican (Holy See).
Payment submission time - the latest when payment of this type may be submitted. If the payment is submitted after this time, one more business day will be added to the execution time of the payment. If submission time is not indicated, the payment may be submitted during business hours of the particular branch / sub-branch or remote banking channel.
Shared - one of the two commission paying options selected by the customer when making a payment; the charge includes Swedbank's commissions only; any other payment-related charges (of correspondent bank or beneficiary bank) are payable by the beneficiary (payee). The bank will transfer the payment to the correspondent bank or the beneficiary bank with a note "SHA" in the corresponding S.W.I.F.T. message field "Details of Charges". The payment will be credited to the beneficiary's account by the beneficiary bank after deduction of all charges, if any, from the payment amount.
Payer - the payer undertakes to cover all costs associated with the payment, including any extra fees charged by the banks involved in execution of the payment. The Bank is entitled to debit them from the Customer’s Account without any additional approval by the Customer. The Bank assumes no responsibility for non-compliance, by any of the banks involved (correspondent bank or beneficiary bank), with the Bank’s instructions or for not receiving the full amount of the payment due to other reasons beyond the control of the Bank.
** The additional fee is charged for payments to countries which, according to the EU list of high-risk third countries, the Financial Action Task Force (FATF) list of high-risk countries and countries under increased monitoring and the restrictive measures under the sanction regime, are considered by the bank to be high-risk and very high-risk countries and/or where further evaluation is necessary. The list of the countries is available here. The additional fee is debited in one payment together with the payment execution fee according to the price list.
Effective from 01.09.2023
To an account at Swedbank Group
| Service |
Currency |
Payment submission type and time |
Price, EUR |
|
via Internet Banking |
via Branch/Telephone Banking |
|
Active Tariff/ Basic Tariff |
|
| To an account at Swedbank Group |
|
Payments to Estonia, Lithuania, Sweden, Norway
|
USD, SEK |
Economy
The funds will be delivered to the beneficiary bank on the same business day, as from the moment when the bank has accepted the customer's order.
16:00
|
2.00/ 3.00 |
5.00 |
|
DKK, NOK, GBP
Only to Estonia or Lithuania
|
Economy
The funds will be delivered to the beneficiary bank on the same business day, as from the moment when the bank has accepted the customer's order.
15:00
|
| All foreign currencies |
Economy
Delivery of funds to the beneficiary bank or intermediary bank after 2 business days.
Unrestricted (AED, INR, ILS, BGN till 14:00)
|
Payment submission time - the latest when payment of this type may be submitted. If the payment is submitted after this time, one more business day will be added to the execution time of the payment. If submission time is not indicated, the payment may be submitted during business hours of the particular branch / sub-branch or remote banking channel.
Effective from 01.08.2021
- Standing orders and E-invoice
Standing orders and E-invoice
| Product/Service |
|
Price, EUR |
|
| Standing orders |
| Registration of standing order, amendment |
Best value via Internet Banking |
0,00 - 4,13 + VAT Internet Banking - 0,00
Via Branch/Telephone Banking - 4,13 + VAT |
|
| Execution of standing orders |
|
See Payments Payment fee according to current pricelist for payments to own or other person's Swedbank account, to other banks in Latvia and abroad. |
|
| Early termination of standing orders |
|
Free of charge |
|
| E-invoice |
| Registration of application for E-invoice or Automated Payment Agreement, amendment |
|
0,00 - 4,13 + VAT Internet Banking - 0,00
Via Branch/Telephone Banking - 4,13 + VAT
If the customer both signs up for receiving E-Invoice and signs the E-Invoice Automated Payment Agreement at branch only one fee will be charged. |
|
| Receiving E-invoices |
Best value via Internet Banking |
Free of charge |
List of companies, offering e-invoicing. |
| Paying of E-invoice |
|
See Payments Payment as per current price list for payments to other Swedbank account or other bank in Latvia. |
|
| Amendment or termination of E-invoice Automated Payment Agreement, E-invoice cancellation |
Best value via Internet Banking |
Free of charge |
|
Effective from 01.05.2015.
- Other payment services
Other payment services
Investigation of a sent or non-received payment, payment cancellation - the payment for service does not guarantee the return of funds to customer's account. The return of an executed payment is possible upon beneficiary's consent only. If investigation shows that Swedbank has made an error, the charge will be refunded to the customer.
| Product/Service |
Price, EUR |
| Incoming payment crediting to account |
| From an account with a Swedbank Group bank (including in foreign currency) or European payments* |
Free of charge |
|
| In foreign currency from a bank in Latvia (if the SWIFT code of the sender bank is provided) |
Free of charge |
|
| From banks outside the European payments* area countries, if the fee is covered by the payer |
Free of charge |
|
| Payments from banks outside the European payments* area countries in EUR and foreign currency, if the fee is covered by the payee or shared |
3.00 |
|
| Payments from banks in the European payments* area countries in EUR and foreign currency, if the fee is covered by the payee or shared |
3.00 |
|
| Additional fee for crediting payments from high-risk and very high-risk countries (effective from 01.06.2025)** |
100.00 |
|
* European payments or SEPA (Single Euro Payment Area) – payments in euro currency from a European bank (a bank located in an EU member state and the United Kingdom, Andorra, Gibraltar, Iceland, Lichtenstein, San Marino, Monaco, Norway, Switzerland and the Vatican (Holy See)).
** The fee is charged for payments from high-risk and very high-risk countries which, according to the EU list of high-risk third countries, the Financial Action Task Force (FATF) list of high-risk countries and countries under increased monitoring and the restrictive measures under the sanction regime, are considered by the bank to be high-risk and very high-risk countries and/or where further evaluation is necessary. The list of the countries is available here.
If the fee for the incoming payment is covered by the payee or on a shared basis, the fee for crediting payments from high-risk and very high-risk countries is debited in one payment together with the fee for crediting the incoming payment.
|
| Other services |
| Currency Exchange in current acount |
0,00 - 3,00 Internet Banking - 0,00
Telephone Banking - 3,00
Branch Banking - 3,00 |
| Additional processing (verification, confirmation or cancellation) of payments made via Internet Banking, according to the Remote Banking Services Agreement |
7,00 |
| Verification, under customer's instructions, of an electronically delivered payment order if the payment is then made via Internet Banking |
2,50 |
| Accepting for fulfilment an enforcement officer's (court bailiff's) and State Revenue Service's orders |
10,00 |
| Investigation or correction of a sent, received or non-received payment |
| In case of error by Swedbank |
Free of charge |
| If the beneficiary's account is with Swedbank or other commercial bank in Latvia |
10,00 + actual costs |
| Swedbank Group payments |
10,00 + actual costs |
| Investigation or modification of a foreign payment |
35,00 + actual costs |
| Bank's reply about investigation of payment |
| - Written reply regarding investigation |
Free of charge |
| - Reply in SWIFT format |
Free of charge |
| Payment cancellation |
| In case of error by Swedbank |
Free of charge |
| If the beneficiary's account is with Swedbank or other commercial bank in Latvia |
17,00 + actual costs |
| Swedbank Group payments |
17,00 + actual costs |
| If the beneficiary's account is outside Latvia |
55,00 + actual costs Actual costs means the fees that a correspondent and/or beneficiary bank may charge independently from Swedbank for investigation or correction of a payment order. |
Effective from 25.07.2019.
- Cash operations at branches
Cash operations at branches
| Product/Service |
Price, EUR |
|
| Coin and banknote processing |
| Ordering cash from EUR 6000 (inclusive) |
50% of the cash withdrawal fee |
When cash is ordered in advance, 50 % of the cash withdrawal fee is charged at the time of ordering. The rest of the fee is charged upon collecting the order. If the order is not collected, the fee already charged will be not be refunded. Withdrawal of amounts from 6000 EUR (including) at branch must be ordered two working days in advance by 13:00.
Users of remote services can order cash by phone on
67 444 444 or in their Swedbank Internet Banking user account.
|
| EUR coin processing when performing cash deposits or withdrawals |
3,00 for each 20 pcs., min. EUR 3 |
Only EUR coins accepted and available for withdrawal. Coin processing fee charged in addition to deposit or withdrawal. The Bank does not accept damaged coins - scratched, deformed or mutilated.
|
| Cash deposits |
| To own Swedbank account |
0.5% of the amount, min. EUR 10,00 |
Also for cash deposits:
- the share capital into the company's temporary account;
- into accounts of Swedbank or Swedbank Group affiliates to cover company’s contractual obligations related to these companies or commissions for used services (including for the initial document review of non-customers).
The Bank does not accept and exchange EUR banknotes without visible security features and nominal value; burnt, oil- or dye-stained, washed or with otherwise changed base colours.
|
| Cash withdrawals |
| From account at Swedbank |
2% of the amount, min. EUR 10,00 |
Withdrawal of amounts from EUR 6000 (inclusive) at branch must be ordered two working days in advance until 13:00. Users of remote services can order cash by phone
67 444 444 or in Swedbank Business Internet Banking.
When cash is ordered in advance, 50 % of the cash withdrawal fee is charged at the time of ordering. The rest of the fee is charged upon collecting the order. If the order is not collected, the fee already charged will be not be refunded.
|
| Cash deposit and withdrawal transactions |
Branches providing cash services - see list.
Cash transactions over EUR 15,000 can be performed at the branch “Ķīpsala”, Liepāja, Valmiera or Daugavpils branch.
Effective from 01.02.2022
- Cash transactions via ATMs and Retail outlets
Cash transactions via ATMs and Retail outlets
| Business Debit Card, Price EUR |
| Cash withdrawals at Swedbank and partner ATMs |
1,5% of the amount |
Swedbank Group ATMs in Latvia, Lithuania, Estonia, also SEB ATMs in Latvia. Default limits See Cards. |
| Cash withdrawals at other banks and associated ATMs |
2,00 + 2% of the amount |
At banks providing the service. |
| Cash deposits at Swedbank Cash Deposit Machines |
0.1% of the amount exceeding 3000 EUR a month |
|
| Business credit card / Business Gold credit card, Price EUR |
| Cash withdrawals at Swedbank and partner ATMs |
2,00 + 2% of the amount |
Swedbank Group ATMs in Latvia, Lithuania, Estonia, also SEB ATMs in Latvia. Default limits See Cards. |
| Cash withdrawals at other banks and associated ATMs |
2,00 + 2% of the amount |
At banks providing the service. |
| Cash deposits at Swedbank Cash Deposit Machines |
0.1% of the amount exceeding 3000 EUR a month |
|
Effective from 19.08.2020.
