Private customers Currency Payment

Currency payments are transfers in foreign currencies to other banks in Latvia and abroad (except for Nordea Bank) as well as payments in EUR currency to countries outside the EU/EEA. Choose Domestic and Europe EUR payments for faster transfers of EUR to the member states of the European Union and the European Economic Area, which are executed within 1 business day.

Currency payments are intended to transfer:

  • Foreign currency payments to other banks in Latvia and abroad (except for Nordea Bank) as well as payments in EUR currency to countries outside the EU/EEA.

The currency payment execution speed and the commission fee depends on the chosen degree of urgency:

  • Standard – within 2 business days if the transfer is performed electronically before 8 pm or during the Customer Service Unit opening hours. Payments in USD currency are executed within 1 business day.
  • Urgent — within 1 working day if the transfer is performed electronically before 8 pm or during the Customer Service Unit opening hours.
  • Express — on the same day if the payment is submitted before the time indicated in the price list at the Customer Service Unit.

Settled payments are safe and easy to control. Follow the payments in Netbank or receive an account statement at Nordea Customer Service Units.

Commission fee and payment execution speed is more advantageous:

  • For Domestic and Europe EUR payments.
  • For payments to Nordea Bank Group accounts.

For safety and speed, currency payments are executed using intermediary banks (correspondent banks).

We therefore invite you to take into account that currency payment processing time is affected by the public holidays of Latvia, Finland and the country whose currency the payment is executed in. Payments settled on a holiday are executed the next working day. For additional information see the section “Foreign Currency Payments during Holidays”.

Currency payments can be performed:

In order to settle a currency payment you need an account at Nordea Bank.

Terms:
  • Currency payments are transfers in foreign currencies to other banks in Latvia and abroad as well as payments in EUR currency to countries outside the EU/EEA.
  • Payments are executed (transferred to the beneficiary bank) only on working days.
  • As a confirmation of execution you can receive a copy of the SWIFT payment.
  • You have the option to indicate whether the commission fee for the currency payment will be covered by the payer or by both the payer and the beneficiary.

If the payer indicates that he/she will cover the payment commission fees, the Nordea Bank, intermediary bank and beneficiary bank commission fees are covered from the payer’s account.

If the payer indicates that the commission fee will be covered jointly, the intermediary and beneficiary bank commission fees are automatically deducted from the beneficiary’s account or the amount of the payment, according to the intermediary/beneficiary bank price list.

  • Payment execution speed depends on the chosen degree of urgency.
  • Commission fee for the transfer is charged according to the price list.

 

* Nordea Bank shall have the right to refuse to execute payment orders from/to accounts of persons/countries on whom/which sanctions are applied on the basis of decisions made by the European Union, the United Nations, other international organizations, the Republic of Latvia or any other country, or the policy of Nordea Bank.

Payments in foreign currencies and in EUR currency to the accounts of Nordea Group banks in Denmark, Finland, Norway, Sweden, Estonia, Lithuania, Poland, Germany, the UK, Russia, China, Singapore and the United States are executed more quickly and with lower commission fees than currency payments to other bank accounts.

Benefits

  • Payments to Nordea Group bank accounts are executed within 1 working day or on the same day depending on the chosen degree of urgency.
  • Commission fee is lower than for payments to other bank accounts.
Terms:
  • Payments in foreign currencies and in EUR currency to the accounts of Nordea Group banks in Denmark, Finland, Norway, Sweden, Estonia, Lithuania, Poland, Germany, the UK, Russia, China, Singapore and the United States.
  • You can choose a degree of urgency for the payment: standard or urgent.
  • Payment execution speed and the commission fee depends on the chosen degree of urgency according to the price list.
  • Payments are executed (transferred to the beneficiary bank) only on working days.
  • As a confirmation of execution you can receive a SWIFT copy of the payment (except for payments between Nordea Banks in the Baltic States).