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European payments


Payment in euros

  • Quick and convenient way of transferring money to other banks in Latvia and Europe
  • Payments up to 15 000 euros are made immediately, if the beneficiary bank is eligible for Instant payments 
  • Apply for a Customer plan to make Instant and Standard SEPA payments free of charge

Transfer money online


This type of transfer is beneficial when you need to transfer funds in euros to accounts in European Union’s member states, United Kingdom, Switzerland, Monaco, San Marino, Andorra, as well as in European Economic Area – Norway, Iceland and Lichtenstein.

European payment fees are paid accordingly: remitter pays SEB commission fees, whereas the beneficiary pays other bank’s commission fees.

There are three types of European payments: Instant, Standard SEPA and European Express.

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Order execution

If money is transferred to you from an account opened with banks in Latvia, European Union or European Economic Area countries, the funds will be credited to your account on the same day they reach SEB.

What should you specify to the remitter for money to be credited to your account?

If you are expecting money transfer to your account with the SEB, you should specify to the remitter following details:

  •  The correct number of your account with the SEB in the IBAN format
  • Your first name and surname 

How to transfer funds?

There are several ways you can transfer money to your or to any other account in Latvia, European Union, European Economic Area countries, Switzerland, Monaco, Sanmarino, Andora and the United Kingdom: online, via mobile app or by visiting our branch:

  • Log in to the internet bank, select “Payments” → “New payment”, complete the required fields of the electronic payment order and confirm the transaction
  • Open SEB mobile app
  • Visit a SEB branch of your choice and bring your personal identity document. Remember to book the meeting first

SEPA payment order

 Latvian special characters added to the payment order will be sent to beneficiary only if beneficiary’s account is opened with a Latvian bank. If beneficiary’s account is in a foreign bank, Latvian special characters will be changed to Latin characters.


In Internet bank
and mobile application
At the Bank's branch
Intrabank payment
Between accounts of one customer at SEB bank (incl. transfers to a savings deposit)     Free of charge     3.00 EUR1
To another customer's account at SEB bank     0.14 EUR 3.00 EUR
SEB pension fund, SEB Life and Pension Baltic SE accounts within SEB bank     Free of charge Free of charge
Currency exchange within one account     Free of charge 3.00 EUR
Information about transactions prices for plan users available in section “Customer Plan”.
European payment 2, 3
Standard SEPA payment 0.36 EUR 4.00 EUR
Submission and performance of the payment4, 5 until 16:00, D+0* until 15:00, D+0*
after 16:00, D+1*     after 15:00, D+1*
European Express payment (SHA)6 22.00 EUR 25.00 EUR
Submission and performance of the payment5 until 17:00, D+0* until 16:00, D+0*
nformation about transactions prices for plan users available in section “Customer Plan”.
Cross-border payment7, 8
Standard payment:
   •  SHA 11.50 EUR 14.50 EUR
   •  OUR 20.00 EUR 25.00 EUR
Submission and performance of the payment5 until 17:00, D+2* until 17:00, D+2*
Urgent payment:
   •  SHA 18.50 EUR 22.00 EUR
   •  OUR 26.00 EUR 30.00 EUR
Submission and performance of the payment5 until 15:00, D+1* until 14:00, D+1*
after 15:00, D+2* after 14:00, D+2*
Express payment:
   •  SHA (payments in EUR) 22.00 EUR 25.00 EUR
   •  SHA (payments in foreign currencies) 25.00 EUR 30.00 EUR
   •  OUR 50.00 EUR 58.00 EUR
Submission and processing of payments5 in USD, EUR, GBP, CAD until 16:30, D+0* until 15:30, D+0*
Submission and processing of payments5 in NOK, CHF, SEK until 15:00, D+0* until 14:00, D+0*
Submission and processing of payments5 in DKK, RUB until 13:00, D+0* until 12:00, D+0*
* D+0 Transfer of funds to the recipient bank or correspondent bank on the same day.
   D+1 Transfer of funds to the recipient bank or correspondent bank on the following day.
   D+2 Transfer of funds to the recipient bank or correspondent bank on the day after.

Improved exchange rate, starting from amount of 10,000 EUR or its equivalent in another currency, may be applied during the working hours and standard exchange rate is applied - during non-working hours.

The Bank's working time (including the time when receiving of payments are canceled, if it is set at the end of the working day) is shortened by one hour on pre-holiday days.

1 Transfer to a deposit account is free of charge.

2 If the payment order does not indicate the recipient's IBAN account, the payment will be processed as a Standard cross-border payment. The correspondent bank and/or beneficiary bank can charge additional fee to be collected from the Customer for the payment processing.

3 Payment in euro to the European bank (a bank located in an EU member state (including its autonomous territories), Iceland, Liechtenstein, Norway, Switzerland, San Marino, Monaco or Andorra).

4 If bank can process payment order as instant payment it will reach beneficiary account generally within 10 seconds – instant payments are executed every calendar day, including Saturdays, Sundays and national or public holidays. Instant payment processing is available only for payments initiated via electronic channels (internet bank and mobile application), if they meet the following criteria: payment amount is up to 15,000 EUR, beneficiary bank is participant of instant payment system, and there are no other obstacles for instant payment processing.

5 The moment of suspending of accepting payment orders – the time on the Settlement day, after which the received Payment orders are considered to have been received on the next Settlement day.

6 Only in the Eurozone (zone in which the euro is introduced as the currency of the European Union).

7 Payments in foreign currencies to other banks in Latvia are processed like cross-border payments.

8 Payment order with commission fee type SHA - the commission fee of SEB bank is covered by the Customer, while all commission fees of correspondent banks and the recipient bank related to the payment are covered by the recipient. SEB bank sends the payment to the correspondent bank or recipient bank with the instruction SHA in the Details of Charges SWIFT notification field. Correspondent banks or the recipient bank have the right to withhold the commission fees from the transferred amount before or after depositing the funds in the recipient’s account.
  Payments to banks in the European Economic Area as well as in Switzerland, Monaco, San Marino and Andorra in any currency are only accepted if the commission fee type is SHA. If the Customer specifies the commission fee type OUR for such payment, payment order will be rejected.
    Payment order with commission type OUR - the commission of SEB bank, as well as all commissions of the correspondent bank and recipient bank related to performance of the transfer are covered by the Customer. SEB bank sends the payment to the correspondent bank or beneficiary bank with indication OUR in the respective SWIFT message area Details of Charges, instructing the beneficiary bank to pay the transfer amount to the recipient. This provision limits the liability of SEB bank. SEB bank is not liable if the correspondent bank or recipient bank has failed to adhere to the instructions given by SEB bank or if the credit transfer has not been received in full due to other reasons not controlled by SEB bank. SEB bank has the right to withhold the commission fees claimed by the recipient bank or otherwise related to the payment from the Customer’s account without acceptance.