International payment order
How Long Does it Take to Remit Money After Submission of a Payment Order?
- a normal payment order to a foreign bank will be executed within 2 business days if the customer order is submitted before 10:00 p.m.
- a normal Euro payment will be executed and credited to the beneficiary within 1 business days, if the customer order is submitted before 4:00 p.m.
- an urgent Euro payment will be executed and credited to the beneficiary on the same business day, if the customer order is submitted before 2:00 p.m.
- an urgent payment order to a foreign bank in EUR and USD will be executed within 1 business day if the customer payment order is submitted before 4:00 p.m. Other currencies must be submitted before 2:00 p.m.
- an express payment order in EUR and USD to a foreign bank will be executed on the same business day, if the customer payment order is submitted before 2:00 p.m.
-
a payment orderin LTL, LVL, EUR, USD, SEK, NOK, DKK to „Swedbank" group banks banks will be executed on the same day, if the customer payment order is
submitted before 3:00 p.m. and the beneficiary will be credited on the same day
(except payment orders in RUB to Swedbank (Russia) - the beneficiary will
credited the same day, if the customer payment order is submitted before 12.00
p.m.).
Swedbank group's banks:
- Swedbank (SWIFT code: SWEDSESS), Sweden, Stockholm
- Swedbank (SWIFT code: SWEDSEGG) Sweden, Gothenburg
- Swedbank (SWIFT code: SWEDFIHH) Finland
- Swedbank (SWIFT code: SWEDDKKK) Denmark
- Swedbank (SWIFT code: SWEDNOKK) Norway
- Swedbank AS (SWIFT code: HABAEE2X), Estonia
- Swedbank AS(SWIFT code: HABALV22), Latvia
- OAO Swedbank (SWIFT code: HABARUMM), Russian Federation
Upon execution of an international payment order, the date the Beneficiary's account is credited is be determined by the Beneficiary bank.
What details must be indicated on the international payment order form?
To remit funds to a beneficiary of a foreign bank or a bank registered in Lithuania, please complete the application for an international payment order by indicating the following:
- Exact name and address of the Beneficiary;
- Beneficiary's account number;
- exact name, address and code of the Beneficiary's bank.
Wishing to receive funds to your account with "Swedbank", AB, the following information should be provided to the sender of funds:
- exact name and SWIFT code of correspondent bank to be used. The correspondent bank must be selected according to the currency of the payment and not by the country from which the funds will be remitted (the list of correspondent banks is available here);
- name and SWIFT code of the beneficiary bank: „Swedbank", AB: HABA LT 22;
- Benefiaciary's account number with „Swedbank", AB;
- Beneficiary's first name, family name and address or the company's name and address;
What is needed to know to cancel The Payment order?
The Payer may submit to the Bank the Cancellation and the amount of funds indicated in the Payment Order and charges according to the Cancellation shall be refunded to the Account only if the Bank has not yet sent a notification about the Payment Order to the Payer's Bank or to the Intermediary Bank. The Payer willing to cancel the Payment Order must submit to the Bank a written request of the form established by the Bank. The Payment Order may be cancelled only on agreement between the Payer and the Bank.
What special international payment orders are available?
Euro Payment - International payment orders in EUR to EU countries and also Iceland, Liechtenstein, Norway, Switzerland:
These are standardized SEPA (Single Euro Payments Area) criteria compliant payment orders. To meet SEPA standards, the following must be denoted: Charge option SHA (shared); Beneficiary Bank SWIFT code; Beneficiary IBAN account number. These payments are executed and credited to the beneficiary account on the same business day (urgent) or 1 business days (normal).
If the beneficiary's account is not in IBAN format or the beneficiary's bank SWIFT code is not denoted, the foreign bank may also claim an additional service fee or deduct a larger amount from the amount to be credited.
International payment orders in Russian Rubles
These payment orders will be successfully accomplished, if the following details are indicated:
- If the Beneficiary is a legal person - Beneficiary's INN number ( 9-12 digits);
- If the Beneficiary is a natural person - their surname, name and patriarchal name should be provided;
- Beneficiary's account consisting of 20 digits beginning with the number "4";
- Beneficiary's Bank BIK code (9 digits);
- Beneficiary's Bank correspondent account (20 digits beginning with the number "3", may not be required in exceptional cases);
- Details of Payment - VO (currency operation) code (usually consisting of 5 numbers) selected by the client from the VO Code Table (VO codes) depending on the purpose of the payment. If the payment order is made from Lithuania, the Sender is always a non-resident. In case of advance payment for goods, selection should be made from section 10; in case of the final payment for goods - the code shall be VO13010. If the payment is made for certain services, section 20 should be selected. The selected Code shall be denoted in the Details of Payment (VOXXXXX), exact purpose of payment, contract number and date.
In sending international payment orders in RUB, Russian text must be filled in by Latin letters in accordance to the following Transliteration Table:
International payment orders in Belorussian Rubles
These payment orders will be successfully accomplished, if the following details are indicated:
- Beneficiary's UNN-code;
- Beneficiary's Bank MFO code (3 or 9 digits);
- Beneficiary's Bank address ( city, country should be denoted);
- In the Details of Payment shoud be denoted contract number and date, exact purpose of payment
International payment orders in Ukrainian hryvnias
These payment orders will be successfully accomplished, if the following details are indicated:
- Beneficiary's Bank name and address (a street, city, country);
- Beneficiary's OKPO –code ( 8-10 digits):
- A natural person – 8 digits;
- A legal person – 10 digits;
- Beneficiary's Bank MFO code (6 digits);
- Beneficiary's account number (14 digits);
- Beneficiary's name and address (a street, city, country);
- Details of Payment:
- exact purpose of payment;
- a contract number and date;
- an invoice number and date;
- a content in text (product, contract name);
- Value Added Tax sum (NDS);
- If VAT not applicable– „BEZ NDS”;
- contract code (4 digits) - KOD OPERACII XXXX.
Do not hesitate to contact us by phone +370 5 268 44 44, short number 1884 or e-mail.
