4. Transfers

In force from 01.04.2025.

The price list applies to a natural person whose permanent place of residence is outside the Republic of Latvia or to whom, for other reasons, the resident price list does not apply.

SHA The Payer pays the commission fee set by Industra Bank for the transfer. All other commission fees related to the transfer, including those of the Correspondent Bank, Intermediary Bank, and the Beneficiary's payment service provider, if any, are paid by the Payee. The Payee's payment service provider credits the Payee's account with the transfer amount after deducting any applicable commission fees. 
 
OUR  All commission fees related to the transfer—including fees from Industra Bank, Correspondent Bank, Intermediary Bank, and the Payee's payment service provider—are paid by the Payer. The Payer also agrees to cover any additional fees imposed by the banks involved in executing the transfer, if any. Industra Bank reserves the right to deduct additional commission fees from the Customer's accounts without prior approval. The Payee's payment service provider credits the Payee's account with the full transfer amount.  Industra Bank is not liable if the Correspondent Bank, Intermediary Bank, or the Payee's payment service provider fails to follow Industra Bank’s instructions or if the transfer is not received in full due to circumstances beyond Industra Bank’s control.  

¹ An additional commission fee of 0,7 % of the amount (min. EUR 20,00) is applied for crediting an incoming payment to an Industra Bank Customer t’s account from a credit institution located in countries subject to international sanctions (e.g., Russia, Belarus).
² This applies only if the Customer’s IBAN account number is correctly specified in the “recipient” field of the receiving SWIFT MT 103 message.
³ An additional commission fee of 0,7 % of the amount (min. EUR 20,00) is applied for debiting an outgoing payment from an Industra Bank Customer’s account to a credit institution located in countries under international sanctions (e.g., Russia, Belarus).
⁴ The Bank processes the Customer's payment order with a value date determined by the payment priority indicated in the order (Standard, Urgent, Express), considering the Bank’s specified times for payment order submission. The value date may be postponed to the next available date in cases of non-business days at the Bank or non-working days in the relevant currency’s clearing system.
⁵ D — the date which the Customer submits the payment order to the Bank.
⁶ If transfers are directed to banks that participate in the electronic clearing system of the Bank of Latvia (List of participants).
⁷ SEPA Prerequisites:
- The beneficiary’s account number must be in IBAN format.
- The beneficiary bank’s identification code (SWIFT/BIC) must be provided.
- The payment must be sent to EEA countries (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Liechtenstein, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, as well as the United Kingdom, Andorra, Gibraltar, San Marino, Monaco, Switzerland and the Vatican City).
- The payment currency is Euro.
- The payment type is standard.
- The remitter pays SHA charges (shared charges) of their own bank only.
- The beneficiary bank and the beneficiary details must be correct.
⁸ Transfers in KZT require prior approval from the Bank.
⁹ If additional fees are incurred by banks involved in the transfer, Industra Bank reserves the right to deduct these fees from the Customer's accounts without prior approval.