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PrivateBusiness

Cash transactions

Where there is a need, there is a solution

Although payments in cash are becoming less popular, we still do need and use cash. If your business transactions require cash, you can have the following options available:

  • Our extensive network of ATMs and branch offices throughout Latvia
  • Cash delivery and collection solutions
  • Transactions at branch offices – large deposits or withdrawals of banknotes and coins
  • No limit on deposited amount in EUR at regional financial centres in Ķīpsala, Liepāja, Valmiera and Daugavpils.
  • Up to 15,000 EUR cash deposit – at any branch office. The limit does not apply to businesses depositing their daily collected cash at any branch office that handles cash transactions.

The bank does not accept or exchange banknotes without visible security features and an identifiable nominal value, such as banknotes that are burnt, stained with oil, discoloured (with paint, ink, powder, washed in the washing machine etc.) resulting in alterations to the basic colouring of the banknote.

  • Cash withdrawals, including withdrawals of specific denominations.
  • Cash withdrawal of up to 15,000 EUR– at any branch office.
  • Cash withdrawal of over 15,000 EUR at regional financial centres: Ķīpsala, Liepāja, Valmiera and Daugavpils.

Large cash withdrawals – transactions over 7,500 EUR – must be ordered at least two business days in advance. When cash is ordered in advance, 50% of the cash withdrawal fee is charged at the time of ordering. The rest of the fee is charged upon collecting the order. If the ordered cash is not collected, the fee already charged is not refunded.

Applications can be submitted at any branch office. Cash withdrawals can also be ordered two business days in advance (until 13.00 ) via Swedbank Internet Banking or by phone on +371 67 444 444.

  • Deposits and withdrawals of EUR currency coins. The fee for coin processing is charged in addition to the fee on deposit or withdrawal transactions.
  • Counting of coins and exchange for banknotes.
  • Handing in damaged or suspicious banknotes for verification.

N.B.! The bank does not accept coins that are mechanically damaged or whose basic appearance is altered.

  • Cash delivery is a service for businesses where cash is delivered to the address indicated by the customer anywhere in Latvia, including delivery of change money.
  • Cash deliveries are made at the time and place of your preference and do not require any additional involvement by your staff.
  • You will not have to assume the risk of robbery on your way back from the branch office.
  • Cash collection is a service for the efficient management of your cash flow. It can include:
    • Transporting cash
    • Processing and storing cash
    • Depositing cash into the indicated bank account
Cash delivery services are provided to Swedbank customers by AS G4S Cash Services Latvia and SIA Eurocash1 Latvija throughout the territory of Latvia using specialised vehicles. For additional information about the cash delivery services, please contact G4S Cash Services Latvia or SIA Eurocash1 Latvija.
Product/Service Price, EUR
Coin and banknote processing
Ordering cash from EUR 7500 (inclusive) 50% of the cash withdrawal fee

Must be ordered two working days in advance by 13:00. When cash is ordered in advance, 50 % of the cash withdrawal fee is charged at the time of ordering. The rest of the fee is charged upon collecting the order. If the order is not collected, the fee already charged will be not be refunded. Withdrawal of amounts from 7500 EUR (including) at branch must be ordered two working days in advance by 13:00.

Users of remote services can order cash by phone on
67 444 444 or in their Swedbank Internet Banking user account.

Coin processing for cash operations Including cash deposits, withdrawals, coin exchange and changing coins into banknotes. 1,00 for each 50 pcs. Only EUR coins accepted and available for withdrawal. Coin processing fee charged in addition to deposit, withdrawal or currency exchange fee. The Bank does not accept damaged coins - scratched, deformed or mutilated.
Cash deposits
To own Swedbank account 0.5% of the amount, min. EUR 10,00 Also for cash deposits:
  • the share capital into the company's temporary account;
  • into accounts of Swedbank or Swedbank Group affiliates to cover company’s contractual obligations related to these companies or commissions for used services (including for the initial document review of non-customers).
The Bank does not accept and exchange EUR banknotes without visible security features and nominal value; burnt, oil- or dye-stained, washed or with otherwise changed base colours.
Cash withdrawals
From account at Swedbank 2% of the amount, min. EUR 10,00

Withdrawal of amounts from EUR 7500 (inclusive) at branch must be ordered two working days in advance until 13:00. Users of remote services can order cash by phone
67 444 444 or in Swedbank Business Internet Banking.

When cash is ordered in advance, 50 % of the cash withdrawal fee is charged at the time of ordering. The rest of the fee is charged upon collecting the order. If the order is not collected, the fee already charged will be not be refunded.

Branches providing cash services - see list. Cash transactions over EUR 15,000 can be performed at the branch “Ķīpsala”, Liepāja, Valmiera or Daugavpils branch.

Effective from 19.08.2020

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Did you know? Money for business without collateral!

  • Financing of up to 50,000 EUR.
  • For financing the working capital.
  • 30% discount on the contract fee when signed via Internet Banking.
  • Offer valid until 31.03.2021.
Learn more

This opportunity is enabled by agreements between the European Investment Fund (EIF) and Swedbank