4. Transfers

In force from 10.05.2024.

SHA The payer pays the commission fee set by Industra Bank for the transfer. All other commission fees related to the transfer (fees of the Correspondent Bank, Intermediary Bank and the Beneficiary's payment service provider), if any, shall be paid by the Payee. The transfer of the payment into the Payee's account shall be performed by the Payee's payment service provider after deducting all commission fees, if any, from the amount of the transfer.

OUR All commission fees related to the transfer (Industra Bank, Correspondent Bank, Intermediary Bank and Payee's payment service provider commission fees) shall be paid by the Payer. The Payer also undertakes to pay all additional fees charged by the banks involved in the execution of the transfer, if any. Industra Bank retains the right to deduct additional commission fees from the Client's Accounts without seeking prior approval. The Payee's payment service provider must credit the Payee's account with the full amount of the transfer.  Industra Bank is not responsible if the Correspondent Bank, the Intermediary Bank or the Payee's payment service provider has not complied with the instructions of Industra Bank or the transfer has not been received in full due to other reasons beyond the control of Industra Bank.

¹ An additional commission fee - 1.2% of the amount (min. EUR 350.00), is applied for crediting an incoming payment to the account of a client of Industra Bank made from a credit institution whose countries are subject to international sanctions.
² An additional commission fee - 1.2% of the amount (min. EUR 350.00), is applied for debiting an outgoing payment from the Industra Bank client’s account made to a credit institution whose countries are subject to international sanctions.
³ Provided that the customer' s account number in IBAN format is correctly specified in the field "recipient" of the received SWIFT MT 103 message.
⁴ The Bank executes the Customer's payment order with a value date that depends on the payment execution priority level indicated in the Customer's payment order (Standard, Urgent, Express), taking into consideration the time for submission of payment orders, as specified by the Bank.  The value date may be postponed to the latest date, due to non-business days of the Bank or non-working days of the clearing system of the relevant currency.
⁵ D – the date when the Customer has submitted the payment order to the Bank.
⁶ If the money is being transferred to a bank that is a member of the electronic clearing system of the Bank of Latvia (List of participants).
⁷ Prerequisites for SEPA:
- the beneficiary account number must be in IBAN format;
- the beneficiary bank identification code (SWIFT/BIC) must be indicated;
- the payment is 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 currency of payment is Euro;
-the type of payment is standard;
-the remitter pays the SHA charges (the charges are shared) of his/her own bank only;
- details of the beneficiary bank and of the beneficiary are correct.
If any of the above details are missing from the transfer, the transfer is sent to the Beneficiary as an international transfer and an appropriate fee is applied.
⁸ Transfers in KZT are made only with the prior approval of the Bank.
⁹ If the additional fees charged by the banks involved in the execution of the transfer occur, Industra Bank has the right to deduct additional fees from the Customer's Accounts without seeking prior approval.
¹⁰ 0,28 EUR, provided that the company-service provider holds a current account with Industra Bank.
¹¹ If the beneficiary's or payer’s bank is registered in one of the high-risk and very high-risk jurisdictions, then the additional fee is charged: 0,5% of the amount (min. EUR 150.00). The list of countries is available at https://industra.finance/en/bank/questions-and-answers.