|
|
Domestic payments / International transfers |
|
 |
Domestic payments and international transfers for private
entities are key banking services enabling the customer to effect non-cash
payments by means of funds transfer. The customer indicates the amount
of money, currency, beneficiary's bank and other information, and instructs
the Bank to perform the funds' transfer. The instruction may be given
both verbally and in writing. It can be submitted to a branch of the Bank
or through the electronic payment system.
According to National (i.e. Republic of Latvia) legislation or market practice of the beneficiary bank, any bank is allowed to credit funds to beneficiary in accordance with beneficiary's account number indicated in the payment order, without taking into consideration given beneficiary name.
Possibilities:
- Effect fund transfers (avoiding restrictions set for cash transactions),
- Instruct to carry out a payment order verbally or in writing - at
a branch of the Bank, by telephone or via the Internet,
- Make transfers with the current value date in different currencies,
- Ensure accuracy of payments (the bank's database includes correspondent
banks in most part of the world),
- Safeguard the confidentiality of the transactions (the bank does
not release information in respect of transactions without the customer's
permission),
- Effect safe money transfers in the internal bank system, using the
electronic clearing system of the Bank of Latvia and the global data
transmission network of SWIFT messaging,
- Receive from the bank documents confirming transactions,
To effect these transfers, you have to:
- Open a Salary Account or Private
Account with Swedbank,
- Submit payment order to the Bank.
Most frequently used national clearing codes of foreign
banks
When filling in an international payment order, indicate
correct details on the beneficiary’s bank and intermediary bank.
Depending on the currency and the beneficiary's country, it is advisable
to note the following specifics of the transfer to ensure a quality performance
of the payment order.
USD
|
USA |
- ABA ROUTING or FW code (9 digit code- to be indicated in the field of beneficiary bank name)
- name of beneficiary’s bank
- city/country of beneficiary’s bank
- SWIFT code (if ABA ROUTING or FW code not mentioned)
|
Any other country
(Germany, UK, Russia, etc.) |
- Name of beneficiary’s bank
- city/ country of beneficiary’s bank
- SWIFT code – if known, consists of 8 or 11 characters, out of which the first 6 characters are always letters, e.g.: CBVILT2X, HABAEE2X, BKTRUS33.
- Name of correspondent bank
- SWIFT code or correspondent account of correspondent bank
- Intermediary bank is usually one of the U.S. banks, but there
may be exceptions.
|
EUR
|
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece. Hungary, Ireland, Italy, Iceland Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
|
- IBAN account
- SWIFT code
- BLZ code (if SWIFT code not mentioned)- 8 digit code to be indicated in the field of beneficiary bank name)
- Name of beneficiary’s bank
- City of beneficiary’s bank
|
GBP
|
United Kingdom |
- SORT CODE - 6 digit code to be indicated in the field of beneficiary bank name
- SWIFT code (if SORT CODE code not mentioned)
- Name of beneficiary’s bank
- Address, city of beneficiary’s bank
|
RUB |
Russia |
- BIK code, which consists of 9 digits (BIK044…653)
- Correspondent account consists of 20 digits (301………………653), the last three digits of BIK code always coincide with the last three digits in the correspondent account (BIK code and Correspondent account to be indicated in the field of beneficiary bank name or ‘Bank info’ )
- name of beneficiary’s bank
- city of beneficiary’s bank
- also branch if known
- INN code for beneficiary, also KPP code, if known ( INN and KPP codes to be indicated in the field of beneficiary`s name)
- When filling in the detail field of a payment order you
must start with indicating a code which consists of combination
of two letter ''VO'' (currency
operation code) which is followed by transaction code
(pdf file in Russian) that consists of 5 characters without
any space betwen them. For example, ''VO10030 ZA UGOLJ PO
DOGOVORU NO 1, NDS 300 RUB''.
Precise and clear purpose of payment, data and number
of invoice and agreement, NDS (VAT) amount. If service or
commodity is subject to tax exemption, you must indicate
"WITHOUT NDS".
|
all |
Canada |
- SWIFT code
- Name of beneficiary’s bank
- Beneficiary name
- Beneficiary account number. It is obligatory to indicate TRANSIT NUMBER (5 figures) before beneficiary account number
- Beneficiary address
|
|
|
