Hereby we inform you that AS "Akciju komercbanka "Baltikums"" will start executing payments within member-states of the European Economic Area (EEA)* in EUR and other currencies of the member-states** in accordance with requirements of the European Parliament and Council Directive 2007/64/EC and the Law on Payment Services.

Only one commission type applies to such payments – SHA:

  • The payer pays the commission of their bank, and the beneficiary – the commission of their bank, if any;
  • Mediating banks do not deduct a commission and the beneficiary receives the entire payment amount:
    • In this case, the commission from the transferred amount is not deducted any more;
  • Payments cannot be executed if another commission type is stated.

Payments beyond the European Economic Area in euro and other currencies of the member-states are executed with the commission types OUR, SHA, BEN.

Introduction of requirements of this Directive would raise efficiency and quality of payment execution across the European Economic Area on unified terms.

Please inform your business partners.

You can obtain more information on payment execution regulations from your private bankers.

* Member-states of the European Economic Area: Iceland, Liechtenstein, Norway, and EU 27 member-states: Austria, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Estonia, Ireland, Italy, Cyprus, Latvia, Great Britain, Lithuania, Luxembourg, Malta, Netherland, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden.

** Currencies of the European Economic Area: EUR, GBP, DKK, NOK, SEK, PLN, CZK, LTL, EEK, LVL, CHF.

  

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