Information about international settlements

Type of payment	Currency	Payment is sent to the beneficiary's or correspondent bank	Transfer charges are shared		Payment order to be transmitted to the bank*
			Internet bank	In the branch or phone bank
EUROPEAN PAYMENT normal payment	EUR	on the next settlement day	0,38€	3,20€
urgent payment		on the same settlement day	- kuni 10 000 € (incl.) - 7 €; - rohkem kui 10 000 €- 30 €	- kuni 10 000 € (incl) - 9 €; - rohkem kui 10 000 € - 32 €	before 16:00
PAYMENTS WITHIN SWEDBANK GROUP	EUR	on the same settlement day (within 3 hours)	0,38€	3,20€	before 17:30
	SEK, USD		2€	3,20€	before 16:00
	NOK, DKK				before 15:00
Latvia, Lithuania	other currencies
Sweden, Finland, Denmark, Norway	other currencies	after next settlement day
NORMAL PAYMENT	all currencies	after next settlement day	5,45€	9,45€
URGENT PAYMENT	EUR, USD	on the next settlement day	9,85€	14,85€	before 15:00
	other currencies				before 14:00
EXPRESS PAYMENT	EUR, USD	on the same settlement day	34,85€	39,85€	before 14:00

* Payments are transfered to the beneficiary's bank on a settlement day. A settlement day is a calendar day that is not a Saturday, Sunday, national or public holiday.
You will find the complete price list and conditions of international payments here.

Terms and conditions of European payments

European payments are subject to the following terms and conditions:

• The payment currency is EUR.
• Payments can be made in any amount.
• NB! European payments can be made at the discounted fee of 0,38 EUR. The discounted fee is applicable to payments made through internet bank or electronic banking programme.
• The correct IBAN of the beneficiary is indicated on the payment.
• The service fee type is shared costs (SHA).
• Ordinary payment will be received by beneficiary´s bank on the next business day. Urgent payment will be received by beneficiary´s bank on the same business day, if you forward your payment order to the bank until 4 pm.
• The beneficiary's back is located in a member state of the European Union (or French Guyana, Gibraltar, Guadeloupe, Iceland, Liechtenstein, Martinique, Norway, Reunion, Monaco, San Marino or Switzerland).
• European payments enable you to send more than just the ordinary payment explanation to the beneficiary – you can also include the originator’s reference number and the identification code of either the originator or the beneficiary.

Member States of the European Union
Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

Other countries to which EU payments can be made French Guyana, Gibraltar, Guadeloupe, Iceland, Liechtenstein, Martinique, Norway, Reunion, Monaco, San Marino and Switzerland.

	Latvia	Lithuania	Sweden	Denmark	Norway	Finland
EUR	on the same settlement day if the payment order is submitted to the bank before 17.30 pm.
USD	on the same settlement day if the payment order is submitted to the bank before 16.00 pm.
SEK	on the same settlement day if the payment order is submitted to the bank before 16.00 pm.
NOK	on the same settlement day if the payment order is submitted to the bank before 15.00 pm.
DKK	on the same settlement day if the payment order is submitted to the bank before 15.00 pm.
Other currencies	on the same settlement day if the payment order is submitted to the bank before 15.00 pm.		day after next settlement day

Payments are transfered to the beneficiary's bank on a settlement day. A settlement day is a calendar day that is not a Saturday, Sunday, national or public holiday.

Restrictions in executing and performing international payments

Due to international sanctions, decision(s) adopted by Swedbank and terms and conditions of Swedbank's correspondent banks, Swedbank is entitled not to execute payments (incl receipt of payments) in any currencies to the following countries:

1. Cuba
2. Iraq
3. Myanmar (Burma)
4. Liberia
5. Moldova
6. Yemen

Swedbank does not send or receive any payments to and from Iran and Syria.

1. Iran
2. Syria
3. North Korea
4. Libya
5. Sudan and South Sudan

In addition Swedbank does not execute payments to Crimea and Sevastopol.

Additional observations

Swedbank would like to draw your attention to the fact that the term of executing international payments or when it already executed (incl receipt of payments), may be extended or international payments may be blocked or frozen

• all USA OFAC** listed entities (Specially Designated Nationals List Page) http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx or other entities that are direcly or remotely related to these subjects (e.g. through ownership)
• all entities who are subject to the international sanctions http://eeas.europa.eu/cfsp/sanctions/consol-list_en.htm;;
• made to or received from the above mentioned countries;
• if a payment is related to a resident of one of the above countries,
• if a word included in the payment details (e.g. name of a city, ship, hotel, person, etc.) may be associated with the above countries;
• if the payment has no payer/recipient address.

In the event of a correspondent bank or Swedbank freeze a payment, the funds will be blocked on client`s account or will be transferred to the blocked account, where they will be held. In such an event Swedbank will not compensate its clients for any damage resulting from the payment being frozen.

** OFAC - The Office of Foreign Assets Control of the US Department of the Treasury. It administers and enforces economic sanctions programs of USA primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals.

International Bank Account Number

IBAN always starts with the two-digit country code, which is followed by two check digits, a reference to the bank (local code of the bank) and the payee’s domestic account number.

Using IBAN reduces delays and errors in payments, because the bank that sends out the payment can check whether the international bank account number is correct before the payment leaves the bank.

To obtain your international bank account number, please use the IBAN calculator

Please note, if You or Your company operates in the field of shipping or is connected to menthioned field, then according to international shipping area regulations it is mandatory to add following information to the field 'details of payment':

• M/V: name of the ship.
• IMO : international maritime organisation number
• FLAG: flag state
• OWNERSHIP: name of the owner
• TREGISTRATION: number and the country

Otherwise, payment might be delayed since the missing details will be inquired from the bank of payer . If the payment is not in accordance with international standards (including the U.S.legal acts) the payment might be frozen in the correspondent bank.

Swedbank would like to draw attention to the fact that both the European Union and the United States have imposed broad-ranging sanctions in regard to the Crimea and Sevastopol regions. These sanctions cover, for instance, restrictions and prohibitions on imports, exports, investments and financing in relation to these regions.

Due to the current situation in Ukraine only incoming payments passed on by a correspondent bank and rouble payments that do not violate the sanctions are permitted from these regions. Because of the risk policy of the main correspondent banks, Swedbank will not, as a rule, perform payments to these regions in other currencies. Regardless of the foregoing, it must also be taken into consideration that the fulfilment of a foreign payment (including its receipt) may be delayed in performing any payment, and likewise that such a payment may be blocked or frozen.

Due to attempts to avoid sanctions linked to Crimea and Sevastopol, payments with banks that operate in Crimea or Sevastopol are of higher risk and may not be processed due to the risk policy of Swedbank or correspondent banks. This is primarily so as to prevent any potential breaches of the sanctions.

Swedbank would like to draw its clients’ attention to the fact that all payments in US dollars to Gazprombank, VEB, VTB, the Russian Agricultural Bank, the Bank of Moscow and Sberbank, any of their subsidiaries and foreign branches are at high risk of being frozen due to the prohibition on financing the USA has established on these banks.

The risk is high because payments associated with concealed financing are difficult to detect, as a result of which unforeseen misinterpretation and different handling by other banks cannot be ruled out.

For ordinary clients (i.e. not financial institutions) the high risk is associated with payments whose recipient (not the recipient’s bank) is listed above or whose payment explanation refers to financing or is directly or indirectly connected to a particular individual (e.g. an owner or representative) associated with a named subject.

In addition to the banks listed above, USD payments to the Donetsk and Lugansk regions of Ukraine also face a heightened risk of being frozen, since both the USA and the European Union have imposed sanctions on ‘national structures’ and related individuals in these areas.

Swedbank hereby informs you that taking into account the international sanctions imposed as a result of the situation in Ukraine as well as the rules of correspondent banks and other partner banks all payments to and from Russia and Ukraine must contain a full address of the beneficiary if the funds are sent to Ukraine or Russia and a full address of the sender if the funds are sent from Ukraine or Russia. Full address shall mean the street, city names and the country information. If a full address is not provided as requested or the bank has a reason to believe that the address is not correct or has been intentionally altered then payment may not be executed. This decision has been made to protect the interests of clients and Swedbank in order to mitigate the risks related to the imposed international sanctions.

Swedbank hereby informs you that according rules of correspondent banks and other partner banks all payments to Latvia, Russia and Ukraine must contain a full address of the beneficiary and beneficicary’s bank correspondentbank details. If details are not provided as requested then payment may not be executed. This decision has been made to protect the interests of clients and Swedbank in order to mitigate the risks related to the imposed international sanctions.

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