4. Transfers

In force from 01.09.2026.

SHA The payer pays the fee set by Bank for the transfer. All other 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 fees. 

OUR All fees related to the transfer — including fees from Bank, the 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 the executing the transfer, if any. Bank reserves the right to deduct additional 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. Bank is not liable if the Correspondent Bank, Intermediary Bank, or Payee's payment service provider fails to follow Bank’s instructions or if the transfer is not received in full due to circumstances beyond Bank’s control. 

¹ An additional fee of 1,2% of the amount (min. EUR 350) is applied for crediting an incoming payment to a Bank Customer’s account from a credit institution located in countries subject to international sanctions.
² If the beneficiary's or payer’s bank is registered in one of the high-risk or very high-risk jurisdictions, then the additional fee is charged: 0,5% of the amount (min. EUR 150). The list of countries is available at https://industra.finance/en/bank/questions-and-answers.
³ This applies only if the Customer's IBAN account number is correctly specified in the "recipient" field of the received SWIFT MT 103 message.
⁴ An additional fee of 1,2% of the amount (min. EUR 350) is applied to outgoing payments made from the Bank’s Customer account to a credit institution located in a country subject to international sanctions.
⁵ The Bank processes the Customer's payment order with a value date that 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-business days in the relevant currency’s clearing system.
⁶ EEA payment prerequisites:
- the payment currency is EUR;
- the beneficiary’s account 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, Czech Republic, Denmark, France, Greece, Estonia, Italy, Iceland, Ireland, Cyprus, Latvia, Lithuania, Luxembourg, Liechtenstein, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany and Sweden, as well as to the United Kingdom, Andorra, Gibraltar, San Marino, Monaco, Switzerland and Vatican City;
- the payment type is standard;
- the remitter pays the SHA charges (shared charges) of their own bank only;
- the beneficiary bank and beneficiary details must be correct.
If any of these details are missing, the transfer is processed as an international transfer, and the corresponding fee is applied.
⁷ D — the date on which the Customer submits the payment order to the Bank.
⁸ The payment can be executed as an instant payment (SEPA Instant) provided that:
- the beneficiary’s account is held with a payment service provider established in an EEA country that participates in the instant payment system RT1 or TIPS;
- the execution date is not set in the future (i.e., it is not a scheduled payment);
- the payment amount is up to EUR 100,000.
If the beneficiary bank cannot accept the payment as an instant payment, or if there are other obstacles or additional checks are required, the instant payment will not be executed. In such cases, the payment may be sent with Standard or Express execution speed.
⁹ If transfers are directed to banks that participate in the electronic clearing system of the Bank of Latvia (List of participants).
¹⁰ If additional fees are charged by banks involved in the transfer, Bank reserves the right to deduct such fees from the Customer's accounts without prior approval.