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Regular Money Transfer

The service Regular Money Transfer allows you to order the Bank to execute regular money orders from your account with the Bank to any other account at Baltikums Banka or at another Bank according to their specified parameters.

The service is available to both individuals (residents and non-residents) and legal entities (residents and non-residents).

This service provides significant time saving for you – there is no need to personally prepare regular payment orders as it is done automatically following the parameters specified and validity term of the service stated by you.

Banking transactions are performed in due time, in full, and within the terms specified by you – you should only complete the application for regular transfers and ensure sufficient funds on the account from which the funds would be transferred.

The service is particularly efficient in the following cases:

You have various accounts at the Bank (Current, Savings, Payment card accounts) and are willing to supplement them or perform transactions on a regular basis;
You need to transfer funds to accounts with other banks, for example, for settlements with your partners.

Examples of efficient application of the service:

To maintain a certain minimal balance limit if you have a Current account and a Savings account and you are willing to transfer all balances exceeding a certain amount to the Savings account;
You have a Current account and a Payment card account, which You intend to supplement, for example, every month by a certain fixed amount;
You have a Current account where deposit interests and proceeds from transactions with financial instruments are transferred. For extra savings you have opened a Savings account where you want to transfer a certain amount from the funds arriving to the Current account;
You have a Current account and need to make regular payments for your child’s studies;
You have a Current account and on a regular basis need to pay bills for provided services submitted by Your partners holding accounts with other banks;
Your company has a Current account and sub-accounts assigned to specific structural units of the company. If it is necessary to perform regular money transfers within these accounts, this service will ensure efficient cash flow management.

The service Regular Money Transfer is particularly efficient when combined with the service Automatic Account Balance Maintenance.

Who to apply for the service?

It is necessary to complete the Regular Transfer Execution Application:

The application can be completed at the Bank (with the personal of Digipass signature);
The application can be sent via the Internet Bank as a letter with the completed (and signed with Digipass) application enclosed thereto;
The application can be sent to the Bank by fax (with Digipass signature);
The fee for transfers under the regular payment programme is deducted from the account from which the transfer is made according to the approved pricelist.

What to be included in the application?

Your Current account number, from which the payment will be made:

It is possible to choose the currency code of the account from which the payment is made; this is particularly convenient when you are willing to supplement another account, for example, solely from balances in a specific currency.

The transfer amount:

Fixed –

It is possible to choose the currency of the transferred account (if the currency code of the account from which the payment is made does not match the currency code of the transfer amount, the bank shall automatically exchange the currency);

All balances exceeding the amount stated in the payment order –

It is possible to choose the currency of the transferred account (if the currency code of the account from which the payment is made does not match the currency code of the transfer amount, the bank shall automatically exchange the currency);
It is possible to choose the amount limitation by currencies (totally by all currencies available on the stated current account or for the currency of the account from which the payment is made);
It is possible to state a minimal level for the transfer amount to avoid transfer of minor amounts.

Information about the beneficiary of the transfer amount

Transfer type:

Standard;
Urgent;
Express.

Commission type:

OUR – all commissions are paid by the sender;
SHA – the commission of Baltikums Banka is paid by the sender, commissions of correspondent banks are paid by the beneficiary;
BEN – all commissions are paid by the beneficiary.

Validity term of the Regular Transfer Execution Application stating the date of the first payment (indefinite term, for a certain term, or single).

If the customer is willing to terminate the validity of the application before its expiry term, it is necessary to inform the bank thereof (it can be done by sending a relevant letter via the Internet Bank or writing a personal application).

Frequency of balance supplement on the stated account:

Every banking business day (from 9:30a.m. to 5:30p.m.);
Once a week (on the weekday when the first payment was made (from 9:30a.m. to 5:30p.m.));
Once a month (on the dates when the first payment was made (from 9:30a.m. to 5:30p.m.));
Number of days after which the payment should be repeated (from 9:30a.m. to 5:30p.m.);
Single transfer on a specified date (from 9:30a.m. to 5:30p.m.) specifying a date.

If the date of a regular payment falls on a weekend or holiday day, the payment will be executed on the first business day.

The fee payment is paid by the customer from whose account a transfer is made.

You may instruct the Bank about further actions in cases when it is impossible to make a payment according to the parameters specified to the Bank:

Not to make the payment;
To inform you via the Internet Bank, e-mail, telephone, or otherwise about the impossibility of the transaction.

Automatic Account Balance Maintenance

The service Automatic Account Balance Maintenance allow you to maintain a certain balance on their accounts by transferring funds from one your account to another account with the bank in an automatic mode.

Thanks to this service, you can save time – there is no need to regularly supplement and check account balance levels, as this is done automatically, you have to define the supplement parameters and validity term of the service.

Banking transactions are performed simultaneously, in the full amount and in the terms set and parameters specified by you – it is only necessary to complete an application for maintaining account balance and make available funds on the account from which the transfers would be made.

Use of the service Automatic Account Balance Maintenance is particularly efficient when you have various Bank accounts (Current, Savings, Payment card accounts) and are willing to manage them promptly and efficiently time wise.

Examples of efficient application of the service:

To maintain the balance on a certain level in cases when you have a Current account and Payment card account that you plan to supplement to a specific amount on certain days with a specific recurrence;
You have a Current account where deposit interests and proceeds from transactions with financial instruments are transferred. To create extra provisions, you have opened a Savings account where you want to transfer a certain amount from the funds arriving to the Current account;
Your company has a Current account and sub-accounts assigned to specific structural units of the company. If it is necessary to maintain a certain balance on one of the sub-accounts the automatic account balance maintenance service will ensure efficient cash flow management.

Who to apply for the service?

It is necessary to complete the Automatic Account Balance Maintenance Application:

The application could be completed at the Bank (with the personal of Digipass signature);
The application could be sent via the Internet Bank as a letter with the completed (and signed with Digipass) application enclosed thereto;
The application could be sent to the Bank by fax (with Digipass signature);
The fee for transfers under the account maintenance programme is deducted from the account from which the transfer is made according to the pricelist.

What to be included in the application?

Your Current account number, from which the payment will be made:

It is possible to choose the currency code of the account from which the payment is made, which is particularly convenient when you are willing to supplement another account, for example, solely from balances in a specific currency.

The account number to which the payment will be made (Current account, Savings account, or Payment card account).

The balance to be maintained on the account to which the payment will be made:

It is possible to choose the currency for the maintained amount.

If the currency code on the account from which the payment is made does not match that of the maintained balance, the Bank shall perform automatic currency exchange.

The Automatic Account Balance Maintenance Application term specifying the date of the first payment (indefinite term, for a certain term, or single).

Frequency of balance supplement on the stated account:

Every banking business day (from 9:30a.m. to 5:30p.m.);
Once a week (on the weekday when the first payment was made (from 9:30a.m. to 5:30p.m.));
Once a month (on the dates when the first payment was made (from 9:30a.m. to 5:30p.m.));
Number of days after which the payment should be repeated (from 9:30a.m. to 5:30p.m.);
Single transfer for maintaining the account balance on a specified date (from 9:30a.m. to 5:30p.m.) specifying a date.

If the date of a regular payment is a weekend or a holiday, the payment will be made on the first business day.

The fee for balance maintenance payments is paid by the customer from whose account the account balance maintenance transfer is made.

You may instruct the Bank about the further actions in cases when it is impossible to make a payment according to the parameters specified to the Bank: