Standing Order	Apply Fees

Standing Order is a regular, automatic transfer from the customer's account to another account with Swedbank or to any other bank in Latvia, performed on a specified date. This transfer is made pursuant to a single instruction from the customer on setting up a Standing Order with payment parameters indicated.

The customer may register or cancel the Standing Order independently, using Internet bank, or by submitting a Standing Order instruction to any of the bank's branches.

With the help of a Standing Order the customer may effect regular payments on a specific date or day by transferring a specified amount or the whole account balance to another account.

The customer may transfer any currency to another account with Swedbank, and make LVL transfers to other banks in Latvia.

Possibilities:

• ensure balance between the regular income with payments to be effected on a regular basis,
• set the frequency of payments - daily, weekly, quarterly, semi-annual or annual,
• set the per payment amount or the total amount of several payments, as well as define the minimum account balance to be left on the account after execution of payments.

To use the service, you have to:

• open a Salary Account or Private Account,
• fill in Standing Order form in Internet bank or at any of Swedbank's branches.