Money Transfers (On-line Banking, DIGI=FIRMA)

¹ Terms for submission and execution of transfers:

	Order submission time* (Latvian time)	Execution day
Money transfers within the Citadele group	before 17.30	the same banking day
Regular transfer to another bank:
LVL	before 13:00	the same banking day
EUR (Including EU regulated payments)	before 12:00	the same banking day
EUR to Latvian banks (up to 50 000 EUR)	before 17:00	the same banking day
USD	before 16:00	the same banking day
LTL, GBP, BYR, RUB, MDL, KZT	before 17:30	next banking day
DKK, NOK, SEK, HUF, PLN, CAD, CHF, AUD, JPY, UAH	before 17:30	day after the next banking day
BGN, HKD, ISK, NZD, SGD, TRY, ZAR	before 14:00	day after the next banking day
Express transfer to another bank:
LVL	before 15:00	the same banking day
EUR	before 14:30	the same banking day
USD	before 17:30	the same banking day
LTL, GBP, CAD, CHF	before 12:00	the same banking day
DKK, NOK, SEK, JPY, AUD, CZK, HUF, PLN	before 14:00	next banking day
BGN, HKD, ISK, NZD, SGD, TRY, ZAR	before 16:00	day after the next banking day

Banking day – workday (Monday, Tuesday, Wednesday, Thursday, Friday) from 8.30 to 17.30.
^* If a payment order is submitted after the specified time before the end of a banking day (17:30), then the bank will start execution of the payment on the next banking day and value date of the payment will be one day later. If a payment order is received by the bank/transfer execution day is a holiday, then the transfer is executed on the next workday of the bank.
^**EEA payment - payments in LVL, EUR, BGN, CZK, DKK, GBP, HUF, ISK, LTL, NOK, PLN, SEK are executed from the account or without opening an account at a payment institution within the EU (European) and EEA (European Economic Area) with the purpose of delivering them to an account opened for the recipient at a payment institution within the EU and EEA; Payments are executed only with SHA type of commission (commission is paid by payer (separately from the transfer amount), recipient bank receives a payment full sum). If the payment involves currency conversion, you can specify OUR.
EEA countries are Belgium, Bulgaria, Latvia, Norway, Denmark, Czech Republic, Iceland, Finland, Estonia, Liechtenstein, France, Cyprus, Greece, Republic of Ireland, Lithuania, Italy, Malta, Luxembourg, Poland, Netherlands, Romania, Portugale, Slovakia, Spain, Slovenia, United Kingdom, Hungary, Sweden, Germany , Austria and Switzerland.

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 transfer amount minus commission fees of the correspondent bank and intermediary banks.
⁴ OUR – commission fee of the bank is paid by the sender. The bank withholds commission fees of the 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 the Bank to pay its commission fee, then the 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) for the amount that does not exceed EUR 50 000. 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 transfer is a standard EUR transfer.

Citadele banka shall not be responsible if the recipient bank has not performed the instructions of Citadele banka that are necessary to execute a payment regulated by the EU for the reasons beyond the control of Citadele banka.
⁶ The commission payment is not charged, if the payment is made to the Account of “Citadele bank” investment fund, which is in management of “Citadele Asset Management” IPAS
⁷ If a credit card is attached to an account from which a transfer is performed – 1 LVL + the commission fee specified in the credit card price list for transfers from the account. In case if the amount to be written off (including the commission fee to be collected) is equal to or less than 5 LVL, the commission fee is not collected.
⁸ Outgoing transfers in UAH (Ukrainian grivna) currency are available only for LR residents.