Local money transfers

Hour shall mean an hour until which a payment order delivered on the Bank’s business day is considered as received (countdown of the term of executing such order proceeds) on the same day and shall be executed within number of the Bank’s business days specified in ‘Day’ column, counting since the day of delivery of the order. Payment order delivered after the specified hour on the Bank’s business day or on a day, where such day is not Bank’s business day, shall be considered as received (countdown of the term of executing such order proceeds) on the next Bank’s business day and shall be executed within number of the Bank’s business days specified in ‘Day’ column, counting since such next Bank’s business day (for example, should it be specified 14:00 in the “Hour” column and T0 Day - in the “Day” column, a payment order delivered until 14:00 on the Bank’s business day shall be executed on the day of delivery of the order, while a payment order delivered after 14:00 or on a day that is not Bank’s business day shall be executed on the next Bank’s business day). Should nothing be specified in the “Hour” column, a payment order delivered at any time on the Bank’s business day shall be executed within number of the Bank’s business days specified in the ‘Day’ column, counting since the day of delivery of the payment order.
Day shall mean a number of the Bank’s business days within which a payment order shall be executed. Countdown of the said term shall be proceeded on the day of receipt of a payment order, taking into account whether the payment order is delivered on the Bank’s business day and /or until the set hour on the Bank’s business day (see ‘Hour’ explanations provided hereinabove). For example, T0 - a payment order shall be executed on the same Bank’s business day, if delivered until time specified in ‘Hour”’ column.
Bank’s business day:
- transfers within “Swedbank”, AB and acceptance of payments-in (except for payments-in under the Utility Bills Payment Book ) - on each calendar day;
- acceptance of payments-in under the Utility Bills Payment Book and LTL-denominated transfers to other banks incorporated in Lithuania - on a day that is neither Saturday, nor Sunday, nor other day-off or holiday defined by legal acts of the Republic of Lithuania;
- other transfers (international transfers, transfers to banks incorporated in Lithuania in other currency than LTL, transfers to Swedbank Group banks*) - on a day, when “Swedbank”, AB,
intermediate bank and beneficiary’s bank performs transactions under respective payment transfers (credit transfers). “Swedbank”, AB, performs such transactions on days that are neither Saturday, nor Sunday, nor other day-off or holiday defined by legal acts of the Republic of Lithuania.

* SWEDBANK Group banks:
Swedbank (SWIFT code: SWEDSESS), Sweden, Stockholm
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

** EUR-denominated transfer to EU countries, Iceland, Liechtenstein, Norway and Switzerland, if terms are acceptable, indicated in this case must be the Payee’s bank SWIFT (BIC); the Payee’s bank account must be indicated in IBAN format, and the payment type is designated SHA.

*** OUR transfers shall be available only in certain cases, when the transfer is executed: a) in currency of non-EU member states and non-EEA (European Economic Area) states; or b) in currency of EU member states or EEA states to the other state which is non-EU member state or non-EEA state. States of the European Economic Area (EEA) are Iceland, Lichtenstein and Norway.
If the transfer is made in currency of the EU member state or EEA state to the EU member state or EEA state and You (as a Payer) select the transfer OUR, “Swedbank”, AB may refuse to carry out such transfer on its discretion (the payment order shall be considered as not received) or make the transfer having changed it to the transfer SHA.

Explanations of OUR and SHA payment transfers:
OUR. The payment transfer OUR means that, in the case of transferring funds to the Payee, the Payer (You) undertakes to pay all “Swedbank“, AB (hereinafter referred as the Bank) applied charges and other banks' fees established for this type of transaction. Where your payment of such a charge to the Bank for effecting a payment order does not fully cover the charges stipulated by your Correspondent bank and the Payee's bank for effecting a payment order in question, you are expected to additionally cover the difference of the charges set by the Correspondent and Payee's banks and the amount that you have already paid to the Bank.
Note: If a payment transfer is denominated in USD, other banks’ fees can be additionally debited from the Payee's bank account.
SHA. Type payment transfer means that the Payer (You) covers the transfer-related fees charged by “Swedbank“, AB; other banks fees are to be covered by the Payee (meaning that the Payee may receive not a full amount).

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