OUR – client pays the commission of JSC “Rietumu Bank” and correspondent bank. However, additional fees may apply if during the transfer intermediary bank or the beneficiary bank charges additional fees, but not more than 100 EUR. Other expenses are covered by JSC “Rietumu Bank”.
In some cases the correspondent bank and/or the beneficiary bank do not regard the instructions of JSC “Rietumu Bank”, therefore the commission of such banks may be charged from the payment’s amount.
SHA - a customer pays JSC “Rietumu Bank” fees. A recipient covers payment related fees of intermediary banks and a beneficiary bank.
BEN - a beneficiary pays JSC “Rietumu Bank” and other banks' fees that are withdrawn from the transfer amount. The minimum payment amount accounts for EUR 200 or equivalent in other currencies.
1) The bank applies only SHA-type fees for outgoing transfers in euro and other EEA* currencies** within the EEA. When making payments to the EEA country in euro or other EEA currencies, a beneficiary bank receives the full payment amount; 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-type fee is specified in the payment order, JSC “Rietumu Bank” is entitled to change it to SHA.
2) The bank applies OUR and SHA-type fees for outgoing transfers in EUR and other currencies of the EEA outside the EEA; BEN-type fees do NOT apply for transfers in EUR.
* Member countries of the European Economic Area: Iceland, Norway, Liechtenstein and 28 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
** Currencies of the European Economic Area: EUR, NOK, SEK, CZK, CHF.