International payment

International payments via Swedbank Internet banking

International payments via Swedbank Internet banking is a convenient and quick way of transferring funds in different currencies to international beneficiaries.

Make a payment
  • Payments via Internet banking in 28 most used currencies in Latvia;
  • Special conditions for payments within Swedbank Group;
  • Convenient European payments;
  • Options to choose the speed of payment proceeding (economical, standard, express);
  • Currency exchange on Swedbank Internet banking site;
  • Payment orders available for printing on the Internet banking site.
  • In addition to currencies available via Internet banking you may transfer funds in Swedbank branches in over 100 different currencies;
  • Possible to order a SWIFT or SEPA document copy (international format for verifying a payment order);
  • Receiving a consultation about filling in a payment order by calling the bank's customer service 67 444 444.

Important to know

According to the law of the country of the respective beneficiary bank and common market practices, for proceeding incoming payments the bank is authorized to credit the transferred amount into the beneficiary's account according to the account number indicated in the payment order. The name of the beneficiary in such case may not be taken into account by the bank.

It means that it is very important to fill in all the beneficiary details correctly, because in case of an error the funds may be credited to another person. Swedbank will do its best to help our customer and return the funds to his Swedbank account, however, the bank's rights are limited when it comes to returning payments.

If you are not sure about how to fill in an international payment order or if you are doing it for the first time, we would like to offer you a consultation by phone, just call Swedbank customer service 67 444 444.

The Single Euro Payments Area (SEPA) denotes a single euro payments' area in which national and cross-border payments are harmonised. Since we have acceded to the Single Euro Payments Area, we offer for our customers to effect euro payments in a rapid, sure and efficient manner without limitations on the transfer amount to all the EU member states as well as to Andorra, Iceland, Liechtenstein, Monaco, Norway, Switzerland and Vatican (Holy See).

The fee charged for these payments is the same as for domestic euro payments (payments in EUR effected in Latvia within its territory).

In order to perform a European payment, your payments must comply with the following requirements:

  • beneficiary's account should be specified according to IBAN format (without any spaces);
  • destination of the payment must be within the EU or Andorra, Iceland, Liechtenstein, Monaco, Norway, Switzerland and Vatican (Holy See);
  • payment type - economy or express;
  • payer shall pay only the fee established by his or her bank (fees are shared).

In case a payment does not contain any of the details specified above, it is effected as ordinary International payment for a corresponding fee, and intermediary bank and beneficiary bank are entitled to charge an additional fee for processing of such payment.

Introduction of SEPA enhances standardisation, automation of transfers and reduction in costs both for the customers and banks.

The requirement to fill in the payment orders in Russian is based on the established banking practice and the following justification:

  • Payment system. There are no precise data available whether any Regional Branch of the Bank of Russia accepts documents in English.
  • Tax control. In most cases, the payment order has to contain be a taxation reference (with the payment amount indicated separately) or a notice of no tax paid. This reference is inserted for the purposes of the tax administration institutions of the Russian Federation requiring information in the official language of the Russian Federation.
  • Currency control. Currency control implies compliance control of the respective financial transaction with the Russian legislation, as well as compliance control in respect of payment code VO (currency operation code). The function of currency control is performed by the authorised banks of Russia that are the agents of currency control and are entrusted with the control of the financial transactions effected by non-residents.

For the purposes of such control the following is required:

  • A detailed description of the transaction in the payment order (for example, apart from the number of contract also the subject of the contact must be indicated: sale of goods or delivery of service etc.);
  • A precise and unambiguous interpretation of the payment order by the employee of any bank and automatic control systems involved in the execution of the payment.

(Most Russian banks have partly automated the currency control process. The process uses text analysis pertaining to one or the other key word in the Russian language. Payments orders in the English language render the automatic control impossible. Consequently, these payment orders may be put aside for later verification or the respective control may get protracted. Also, considering that the use of the English language is contrary to the existing banking practice, certain Russian banks are likely to refuse such payments at all).

Taking into account the above, we cannot guarantee a prompt execution of payment orders prepared in the English language.

Due to particularities of the payment system, provisions of currency and tax control in the Russian Federation as well as on the basis of the existing banking practice in there, orders for payments in Russian roubles are to be prepared in the Russian language using the Latin alphabet to comply with the following transliteration rules:

Cyrillic A Б В Г Д Е Ж З И Й К Л
Latin A B V G D E ZH Z I Y K L
Cyrillic M Н О П Р С Т У Ф Х Ц Ч
Latin M N O P R S T U F H C CH
Cyrillic Ш Щ Ъ Ы Ь Э Ю Я " (double)
Latin SH TSH X YI X YE YU YA '' (two separate)

The fact that our banks use the same transliteration principles guarantees a correct interpretation of the text in the payment order even after its transliteration from Latin letters into Cyrillic and vice versa.

When effecting an international transfer in Russian roubles, make sure that apart from other standard payment details, the submitted payment order contains the following details:

  • BIC code of the beneficiary's bank: 9-digit number;
  • Correspondent account of the beneficiary's bank with the Russian Central Bank: a 20-digit number starting with 301… and with the last three digits coinciding with the last three digits of the BIC code;
  • If the account of the beneficiary is with a branch of the beneficiary's bank, indicate also the correspondent account of the branch: a 20-digit number starting with 303;
  • Name of the beneficiary (or name, patronymic (for residents), surname);
  • Beneficiary's INN, if the beneficiary is a legal entity and resident of Russia;
  • Beneficiary's account number: a 20-digit number;
  • Accurate and clear purpose of payment, number and date of invoice and agreement, NDS (VAT) amount. If service or commodity is subject to tax exemption, you are required to indicate "WITHOUT NDS". 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, ''VO01010 ZA UGOLX PO DOGOVORU NO 1, NDS 300 RUB''. In order to avoid misunderstandings it would be advisable to write in Russian in Latin alphabet.

To avoid any hitches during processing of your payments, please bear in mind the following:

  • where the beneficiary's name is longer than is possible to be entered in the payment field "Beneficiary's name", it is recommended to continue in the field "Beneficiary's address";
  • Any information that is not to be transliterated into Cyrillic alphabet must be entered using Latin alphabet letters, separated by forward slashes, for example, the beneficiary's name: /International X Corporation/;

Payments failing to comply with the aforementioned criteria, may be rejected a/s Swedbank or by any of the authorised correspondent banks.

Procedure of preparing payment orders in BYN (Belorussian rubles)

To avoid delays in effecting BYN payments (Belorussian rubles), the following information must be indicated in the payment order:

  • Beneficiary's bank name;
  • Beneficiary's bank BIC/SWIFT code;
  • Beneficiary's name (or name, surname) and address (street, city and country should be denoted);
  • Beneficiary's UNN-code;
  • It’s obligatory to indicate the beneficiary's account number in IBAN format (28 symbols);
  • Exact purpose of payment, number and date of invoice and agreement should be denoted.

Payments in Belorussian rubles are to be prepared in the Russian language using the Latin alphabet to comply with the transliteration rules.

Procedure of preparing payment orders in CNY (Chinese renminbi yuan)

According to Chinese Republic law International payments in CNY are not allowed from/to private persons.

International payments in CNY between Companies are allowed only for Chinese Companies which have local license to receive international payments in CNY.

Bank has the right (as per correspondent bank requests) to require and customer has liability provide to bank export-import documents or other trade documentation.

CNY payments mandatory requirements:

  • Beneficiary’s bank name, address and branch name.
  • Beneficiary’s bank (branch) BIC (SWIFT code).
  • Beneficiary’s bank’s branch 12-digit code – CNAPS number (CN).



  • Beneficiary’s full name and address.
  • Payment details – payment details and business category codeword which you can choose from attached link.


Payment details: /GOD/ payment for clothes, invoice No. 123, contract No.5 etc.
If mandatory details are missing payment will be cancelled.

Procedure of preparing payment orders in INR (Indian rupees)

To avoid delays in effecting payments in Indian rupees (INR), the following information must be indicated in the payment order:

  • Beneficiary (full name of the person or company name), beneficiary’s account number, address and, preferably, beneficiary’s phone number;
  • Beneficiary’s bank, including the full name and address of the branch of the beneficiary’s bank;
  • Beneficiary bank’s SWIFT code;
  • It’s obligatory to indicate the bank’s IFSC code (11-character code identifying the beneficiary bank) in the purpose of the payment;
  • The purpose of the payment may not contain the word “loan”.

Procedure of preparing payment orders in Israeli shekels (ILS)

To avoid delays in effecting payments in Israeli shekels (ILS), the following information must be indicated in the payment order:

  • Beneficiary (full name of the person or company name);
  • Beneficiary bank’s SWIFT code;
  • It’s obligatory to indicate the beneficiary's account number in IBAN format (23 digit number).

Standard payment fields

  • Name, surname or company's name of the beneficiary;
  • Beneficiary's personal ID or company's legal ID;
  • Beneficiary's address;
  • Beneficiary's account number in IBAN format;
  • Beneficiary bank's SWIFT code;
  • Beneficiary bank's name;
  • Respective payment details.
  • Read more about possible international payment order's fields

Useful links

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.

Currency Country of destination Necessary data
  • 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).
USD 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 Andorra, Austria, Belgium, Bulgaria, Czech Republic, Denmark, France (including French Guiana, Guadeloupe, Martinique, Réunion), Greece, Estonia, Italy, Ireland, Iceland, Cyprus, Latvia, United Kingdom (including Gibraltar), Lithuania, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Switzerland, Hungary, Germany, Vatican (Holy See), Sweden
  • IBAN account.
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.
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.
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 UGOLX 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".

General information about financial sanctions

Sanctions are restrictive non-military measures put in place in order to preserve the international peace and security, as well as respect for human rights. They are imposed by United Nations (UN), European Union (EU) or by individual countries (e.g. United States (U.S.)). International sanctions are imposed against entire states, as well as natural and legal persons, who violate the human rights, commit ethnical, territorial conflicts, support terrorism, violate other international norms and principles.

International Sanctions take various forms based on their purpose objective (e.g. to prevent armed conflict, counter terrorism). They can be individual (e.g. travel ban, asset freeze), target goods and services (e.g. arms embargoes or proliferation-related goods, dual-use goods), can be focused on core economic sectors (e.g. oil or financial sectors) or be comprehensive targeting entire country (e.g. North Korea).

Swedbank, as well as all other financial institutions, implements international and national Financial Sanctions based on Law on International Sanctions and National Sanctions of the Republic of Latvia. It has to be pointed out that depending on the countries where the financial institutions operates, the lists of sanctions which the financial institutions follow could slightly differ.

  • UNAll UN members are obliged to accept and carry out Resolutions passed by UN Security Council.

    Link to UN Security Council sanctions regimes:

  • EU. These are implemented through EU Council Regulations and have direct effect in all member states.

    Link to EU sanctions regimes (there is a search function):

  • Bank also implements relevant U.S. Financial Sanctions based on the Swedbank Group Financial Sanctions Policy and Law on International Sanctions and National Sanctions of the Republic of Latvia. U.S. Financial Sanctions are imposed by U.S. President Executive Orders and implemented by the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC).

    By following U.S. Financial Sanctions, the Bank is being able to keep and maintain relations with banks in U.S. jurisdiction and provide payments and other products/services in USD currency or related to U.S. persons to its customers.

    Link to U.S. OFAC sanctions regimes:

    Link to U.S. OFAC search tool:

Additionally, Swedbank considers correspondent bank requirements as well as its own risk appetite. Therefore, Swedbank will not engage in any actions that directly or indirectly circumvent the Financial Sanctions prohibitions, correspondent banks and internal decisions.

Below are provided major types of Financial Sanctions implemented within Swedbank:

  • Targeted asset freezes. Swedbank has an obligation to freeze funds of EU blocked person and not to allow making funds available to EU Blocked persons. In case of U.S. imposed sanctions Swedbank will reject transaction or will not provide any products/ services related.
  • Arms embargoes/ restrictions on dual-use goods and technology for military purposes (Defence sector). Swedbank is obliged not to participate in provision of financial assistance related to mentioned goods or related services.
  • Core economic sector sanctions (Financial, Energy sectors). Swedbank will not provide any financial services restricted (e.g. loans, credits, dealings in financial instruments) as well as will not participate in any transactions related to prohibited activities (e.g. restrictions on provision of goods/ services related to oil sector) when these prohibitions apply to sanctioned subjects.

It is important to mention that the asset freeze and some sectoral restrictions are also applicable to entities that are owned or controlled, directly or indirectly, by a designated person. Although those entities may not be designated and included into sanctions lists the same Financial Sanctions are applicable for them and needed to be implemented by Swedbank.

EU imposed International Sanctions (including implemented UN sanctions) apply within the territory of EU and to all EU persons inside or outside the territory of EU. Thus, both financial institutions and their customers are legally responsible for complying with the EU sanctions and have the obligation to inform the competent authorities on the cases they know or suspect transactions with sanctioned entities.

Each Customer has to assess potential International Sanctions’ risks when involving themselves in business transactions. International Sanctions are generally widely publicised, and Customers, especially operating internationally, have to understand and take action regarding International Sanctions (not only Financial ones) that might be relevant for them. Therefore, customers have to consider business activities which could be exposed to Sanctions and take appropriate risk mitigation steps.

The information provided above is not all-embracing, and customers are advised to consult responsible authorities or should seek independent legal advice in case of any questions related to implementation of sanctions.

Due to Financial Sanctions, decision(s) adopted by Swedbank and terms and conditions of Swedbank's correspondent banks, Swedbank has the right not to execute payments (incl. crediting of incoming payments) in any currencies related to the EU and U.S. comprehensively sanctioned countries/ regions:

  1. Iran;
  2. Syria;
  3. North Korea;
  4. Crimea, Sevastopol

Swedbank may also hold the customer’s payment in order to investigate whether the payment is not related to Financial Sanctions and is in line with Swedbank internal decisions and correspondent banks’ risk appetite to/from any country/region where embargoes, other restrictive measures are imposed or to/from other high-risk countries/ regions. The execution of stopped payments may be delayed and customers may be asked to provide additional information about their transactions as a consequence of such investigation.

The list of countries/ regions inter alia includes (the provided list is not full as Financial Sanctions as well as internal decisions can be imposed/ revoked over the time):

  1. Cuba;
  2. Iraq;
  3. Myanmar (Burma);
  4. Libya;
  5. Sudan and South Sudan;
  6. Yemen;
  7. Somalia;
  8. Transnistria region;
  9. Lugansk/ Donetsk
  10. etc.

In assessing if the payment is related to above mentioned countries/ regions the Bank will check connections to international sanctions imposed and analyse additionally:

  • If the payment is related to a client’s customer located or operating in one of the above-mentioned countries. The relation could be direct (e.g. payment is received from the sender with the address in Crimea) or indirect (e.g. payment is received from other country (e.g. Turkey) but goods are being sent to Syria);
  • If the payment is related to front companies which helps to avoid direct connection to above-mentioned countries;
  • If information provided in payment details could be linked to above-mentioned countries (e.g. person name, vessel, name of city, harbour etc);
  • If the payment lacks a substantial information to understand the payment purpose.

Additional observations

Swedbank would like to draw your attention to the fact that the term of executing payments or when its already executed (incl. crediting of incoming payments), may be extended or payments may be blocked or frozen by other banks than Swedbank which also participate in the execution of payment (correspondent banks, bank of beneficiary or sender). Swedbank will not compensate its clients for any damage resulting from the payment being frozen. Therefore; the customer should always evaluate potential International Sanctions risks by themselves.

Useful links:

Swedbank would like to draw attention to the fact that both the EU and the U.S. imposed broad (comprehensive) International Sanctions related to Crimea and Sevastopol regions. These sanctions cover restrictions and prohibitions on imports, exports, investments and financing in relation to these regions.

Due to the current situation; internal decisions and the risk policies of the main correspondent banks, Swedbank will not, as a rule, perform payments (both outgoing and incoming) to these regions or related to these regions (i.e. beneficiary address is indicated in Crimea or in other cases where any connection to these regions have been identified) in any currencies.

There are restrictive measures (sectoral sanctions) adopted by the EU and the U.S. on access to the capital market and new credits to defined Russian banks (i.e. Gazprombank, the Russian Agricultural Bank, Sberbank of Russia, Vnesheconombank, VTB Bank etc.). Swedbank has to ensure that international payments related to the banks mentioned do not violate restrictions imposed. Therefore, Swedbank could conduct additional checks on related payments. As payments associated with concealed financing are difficult to detect the fulfilment of the payment order may be delayed or even cancelled.

Both the EU and the U.S have imposed sanctions against the administrative bodies of the Lugansk and Donetsk region and individuals and entities closely linked to such bodies. Execution of payments, the addresses and details of which contain any reference to the respective regions and entities or individuals registered there, may take more time or their execution may be refused, due to the restrictions and prohibitions in place.

Military goods cover military technology and equipment which might be used for internal repression or international aggression or contribute to regional instability.

Dual-use good are items, including software and technology, which can be used for both civil and military purposes, and shall include all goods which can be used for manufacture of arms and military equipment, mass destruction weapons or their delivery etc.

Usually when arms embargoes/ restrictions on dual-use items are imposed, related technical, financial assistance as well as other services are also prohibited. Although the primary responsibility for the classification of goods and technologies lies with the customers sending or receiving such items, the prohibition to provide financial assistance is also mandatory for the Bank.

The prohibition on military goods/ dual-use items means that Swedbank cannot participate in any financial transactions, provide business support or any financial support to customers that sell, supply, transfer, mediate or export such goods to restricted countries (e.g. Russian Federation), if they are intended for military purposes, or sell, supply, transfer or export such goods to the certain EU listed entities. Therefore, Swedbank could conduct additional checks on related payments. Thus, the fulfilment of the payment order may be delayed or cancelled.

There are items related to Energy sector listed by EU which are restricted to be exported to Russia. U.S. has imposed restrictions on all goods/ non-financial services or technology in support of energy projects. Therefore, Bank must be aware if the Customer has an authorization from authorities in order not to be involved in prohibited transactions.

Link to EU Common Military List:

Link to EU Dual use controls:

Link to EU Council Regulation related to Russia:

Please note, if You or Your company operates in the field of shipping or is connected to mentioned field, then according to international shipping area regulations it is mandatory to add following information to the field “details of payment”:

  • M/V: name of the ship.
  • IMO: international maritime organisation number.
  • FLAG: flag state.
  • OWNERSHIP: name of the owner.
  • TREGISTRATION: number and the country.

Otherwise, payment might be delayed since the missing details will be inquired from the bank of payer. If the payment is not in accordance with international standards (including the U.S. legal acts) the payment might be frozen in the correspondent bank

AS SWEDBANK classifies field of Transportation as a high-risk industry by the reason of possible transportation of sanctioned goods (ex. Military goods, Dual-Use goods, Goods related to energy sector etc.) and provision of services which are prohibited by EU, OFAC or UN legal requirements.

Please note, if You or Your company operates in the field of transportation or is connected to mentioned field, then you will be required to provide following information to the bank:

  • Information regarding transported goods (including, but not limited to the following: Certificate of origin of goods, bills, invoices, transportation documents (ex. rail, air waybills) etc.).
  • Information regarding final destination/final beneficiary of goods (beneficiary name, registration number, country, address).
  • Information regarding consignor (beneficiary name, registration number, country, address).

If Bank requests You to provide documents and received information will not include all necessary information, payment might be delayed or rejected according to Swedbank Internal policy reason.

Therefore, if Your company operates in countries, which are included in Swedbank binding sanctions lists, you will be required to submit information regarding Sanctions risk internal control system measures taken within Your organisation.

IMPORTANT: Additional requirements regarding payments involving Russia and Ukraine

Swedbank hereby informs you that taking into account the international sanctions imposed as a result of the situation in Ukraine as well as the rules of correspondent banks and other partner banks all payments to and from Russia and Ukraine must contain a full address of the beneficiary if the funds are sent to Ukraine or Russia and a full address of the sender if the funds are sent from Ukraine or Russia. Full address shall mean the street, city names and the country information. If a full address is not provided as requested or the bank has a reason to believe that the address is not correct or has been intentionally altered then payment may not be executed. This decision has been made to protect the interests of clients and Swedbank in order to mitigate the risks related to the imposed international sanctions.

Frequently asked questions about IBAN

IBAN (International Bank Account Number) is a bank account granted to clients in banks and credit institutions according to the international ISO13616 standard.

The European Bank Standard Committee (ECBS) in the middle 90-ties decided that a more transparent and internationally recognised client account number and financial establishment's identifier should be established in order to decrease the number of errors in payments and accelerate processing of payments. Therefore, in 1997 this committee made a decision on implementation of a new account number format - IBAN in financial establishments of European countries. This format allows to recognise the beneficiary's country and account, as well as check the mathematical correctness of the indicated beneficiary's account.

In each country the length of IBAN account number may be different - even up to 34 letter and digit signs, which consist of:

  • 2 letter country code
  • 2 verification digits
  • bank code
  • bank's client's account number (0-9,A-Z)

Latvia's IBAN corresponds to the international IBAN standard, which in its structure is similar to client account identifiers used in other European countries for cross-border payments and will be recognised in cross-border payment documents in all countries where IBAN standard is implemented.

Latvia's IBAN consists of 21 symbol: 2 letters (country code) + 2 digits (control digits) + 4 letters (bank's BIC code) + 13 signs (account number, for currently shorter account numbers the missing signs will be replaced by zeros).

Swedbank assigned IBAN numbers to all of its clients on February 7, 2004. The old account numbers were transformed, and all newly opened account as from this date are only in IBAN standard.

Swedbank's account number in IBAN format is as follows:

From the very cooperation partner (including state authorities) only, who is the holder of the account and is aware of IBAN.

  • Starting from 01.01.2005, payments to Latvian banks will not be accepted if the indicated beneficiary's account number does not comply with IBAN standard.
  • There are no changes regarding payments in other currencies to other countries and the payments will be accepted in the same way as until now.

IBAN always starts with the country code of the respective European country, for example, LV, DE, IT. Additionally, compliance with IBAN of the beneficiary's account number of any country may be checked with the IBAN verification calculator. You can view the IBAN structure of some countries on the home page of European Banks standards in a brochure available for download. One should note that IBAN accounts in other countries usually is not equal to the one used in Latvia, after the country code there may be both letters and digits used.

IBAN examples:

Country Length Example
Andorra 24 an AD12 0001 2030 2003 5910 0100
Austria 20 an AT61 1904 3002 3457 3201
Belgium 16 an BE68 5390 0754 7034
Cyprus 28 an CY17 0020 0128 0000 0012 0052 7600
Czech Republic 24 an CZ65 0800 0000 1920 0014 5399
Denmark 18 an DK50 0040 0440 1162 43
Estonia 20 an EE38 2200 2210 2014 5685
Finland 18 an FI21 1234 5600 0007 85
France 27 an FR14 2004 1010 0505 0001 3M02 606
Germany 22 an DE89 3704 0044 0532 0130 00
Gibraltar 23 an GI75 NWBK 0000 0000 7099 453
Greece 27 an GR16 0110 1250 0000 0001 2300 695
Hungary 28 an HU42 1177 3016 1111 1018 0000 0000
Iceland 26 an IS14 0159 2600 7654 5510 7303 39
Ireland 22 an IE29 AIBK 9311 5212 3456 78
Italy 27 an IT60 X054 2811 1010 0000 0123 456
Latvia 21 an LV80 BANK 0000 4351 9500 1
Liechtenstein 21 an LI21 0881 0000 2324 013A
Lithuania 20 an LT12 1000 0111 0100 1000
Luxembourg 20 an LU28 0019 4006 4475 0000
Malta 34 an MT84 MALT 0110 0001 2345 MTLC AST0 01S
Netherlands 18 an NL91 ABNA 0417 1643 00
Norway 15 an NO93 8601 1117 947
Poland 28 an PL27 1140 2004 0000 3002 0135 5387
Portugal 25 an PT50 0002 0123 1234 5678 9015 4
Romania 24 an RO49 AAAA 1B31 0075 9384 0000
Slovak Republic 24 an SK31 1200 0000 1987 4263 7541
Slovenia 19 an SI56 1910 0000 0123 438
Spain 24 an ES80 2310 0001 1800 0001 2345
Sweden 24 an SE35 5000 0000 0549 1000 0003
Switzerland 21 an CH39 0070 0115 2018 4917 3
United Kingdom 22 an GB29 NWBK 6016 1331 9268 19

Obviously there is an error in the account number. In practice, most frequent mistakes are missing symbols, or the digit "1" is mixed with the letter "I", the digit "0" - mixed with the letter "O", there is no country code, etc. In order to clarify the current account, you should contact the beneficiary of payment and specify the account number.

The same way as before, for payments to another bank in Latvia you choose the beneficiary's bank/institution, for example, the State Treasury, BIC: TRELLV22, and in addition to the previous procedure, if you have, you indicate the budget code, for example:

The beneficiary: State Treasury
The beneficiary's account No.: LV08TREL1060000121000
Beneficiary's bank/institution: State Treasury, BIC code: TRELLV22
Information to the beneficiary/Payment purpose: corporate income tax advance
Budget code: 0194

In the same way as with payments to another bank in Latvia, the beneficiary's bank/institution is chosen to be the State Treasury, BIC: TRELLV22, for example:

The beneficiary: Latvian National Library
The beneficiary's account No.: LV14TREL2220260010800
The beneficiary's bank/institution: State Treasury, BIC code: TRELLV22
Information to the beneficiary/ Payment purpose: invoice No. 14 DD 05.05.2010.

The same way as with payments to another bank in Latvia, the beneficiary's bank/institution is chosen to be Latvijas Pasts, BIC: LPNSLV21, for example:

The beneficiary: Jānis Bērziņš
The beneficiary's account No.: LV28LPNS0123456789012
The beneficiary's bank/institution: BO VAS Latvijas pasts, BIC LPNSLV21
Information to the beneficiary/ Payment purpose: invoice No. 14 DD 05.05.2010.

Payments within Swedbank Group

Swedbank Group customers can enjoy as favourable terms on their transfers to Swedbank in Sweden, Denmark, Finland and Norway as those applicable to transfers between Swedbank Group banks in the Baltics.

The fee for standard foreign currency (not EUR) transfers to any Swedbank Group bank from Latvia is as low as EUR 2.13, with no extra charge to the beneficiary of the transfer. Foreign currency transfers are credited to the beneficiary's account during the day of the transfer on the condition that the payment order was submitted before 15:00 hours.

Swedbank Group payment charges are applicable to payments to Swedbank Estonia, Swedbank Lithuania, Swedbank Sweden, Swedbank Denmark, Swedbank Finland, Swedbank Norway provided that correct SWIFT codes are specified on the payment order, which, accordingly, are: HABAEE2X, HABALT22 , SWEDSESS, SWEDDKKK, SWEDFIHH and SWEDNOKK.

Due to discontinuation of Swedbank's operations in Russia payments to Swedbank Russia will no longer be available from 1 July 2013.