OUR – the customer pays the commission of JSC “Rietumu Banka” and correspondent bank commission. If the intermediary bank and/or beneficiary bank charges additional commission related to the payment, JSC “Rietumu Bank” withdraws required commission from the customer’s account without further authorization. In some cases, correspondent bank and/or beneficiary bank does not take into account the instructions of JSC “Rietumu Banka”, therefore the commission of these banks may be charged from the payment’s amount.
SHA – the customer pays JSC “Rietumu Bank” fees. The beneficiary pays the commissions of intermediary banks and beneficiary bank related to the payment.
BEN – the beneficiary pays JSC “Rietumu Bank” and other banks’ fees involved in the transfer process. The commission is deducted from the payment amount. The minimum payment amount is EUR 200 or the equivalent in another currency.
1) Payments within the European Economic Area (EEA)* in EUR and in national currencies of EEA member states are executed with SHA charge only. When making a payment to an EEA country in EUR or in the national currencies of EEA member states, the beneficiary bank receives the full payment amount and the beneficiary bank’s fee can be withheld from beneficiary, if it is stipulated by the beneficiary bank and the payment beneficiary’s agreement. If BEN or OUR charge is indicated in the payment order, JSC “Rietumu Bank” is entitled to change it to SHA.
2) Payments outside the EEA do not include payments to the Russian Federation and the Republic of Belarus.
3) Payments in EUR and other currencies of EEA member states outside the EEA are made with charge type OUR or SHA; payments with BEN charge are NOT executed.
* Member countries of the European Economic Area: Iceland, Norway, Liechtenstein and 27 EU countries – Austria, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Estonia, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden, Croatia
When analyzing the activity on the client's accounts, JSC “Rietumu Banka” may apply a commission fee "Аnalysis of the operations on the accounts of the Client". The fee is in the "Maintenance" section.