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Funds Transfers and Currency Exchange

Book transfers

Transfer currency and typeCommission in Internetbank AB.LV Commission at the bank office1 / by phone Submission time2 Execution date3
LVL between customer’s accounts free of charge free of charge / 2 LVL 18:30 T
  to another account 0.15 LVL 1 LVL / 3 LVL 18:30 T
Other currency between customer’s accounts free of charge free of charge / 3 EUR 18:30 T
  to another account 1 EUR 11 EUR / 15 EUR 18:30 T

Funds transfer to another bank

Transfer currency and type Commission in Internetbank AB.LV Commission at the bank office1 Submission time2 Value date4
LVL standard 0.25 LVL – 14:00 T
  standard – 1 LVL 18:30 T+1
  express5 2.40 LVL 5 LVL 15:00 T
USD standard 40 USD 55 USD 18:30 T+1
  urgent 60 USD 75 USD 16:00 T
  express5 80 USD 95 USD 18:30 T
EUR standard 15 EUR 25 EUR 18:30 T+1
  urgent 30 EUR 40 EUR 15:00 T
  express5 50 EUR 60 EUR 16:00 T
AUD, CAD, CZK, DKK, EEK, ILS, JPY, LTL, NOK, SEK
  standard 30 EUR 40 EUR 18:30  T+1
SGD standard 30 EUR 40 EUR 14:00 T+1
CHF, GBP, PLN
  standard 30 EUR 40 EUR 18:30 T+1
  urgent6 40 EUR 50 EUR 13:00 T
KZT, MDL
  standard 5 EUR 15 EUR 18:30 T+1
BYR, RUB, UAH
  standard 5 EUR 15 EUR 18:30 T+1
  urgent 10 EUR 20 EUR12:00 T


1 Specified commissions are applied to transfers submitted personally at customer service centres or sent by fax.
2 Order is processed on the same bank day, provided it had been received by the bank before the specified Latvian time.
3 Date on which the bank passes the funds to beneficiary: T — transfer processing date.
4 Date on which the bank hands the funds over to beneficiary bank or intermediary bank: T — transfer processing date, T+1 — the bank day following transfer processing date.
5 Transfer is performed out of turn.
6 In case it is impossible to execute urgent transfer in CHF, GBP, or PLN, the bank is entitled to change transfer type to standard.


Types of paying transfer commission

OUR Customer pays JSC “Aizkraukles banka” commission. In case the banks involved in transfer execution request commissions related to the transfer, JSC ”Aizkraukles banka” writes off those commissions from the customer’s current account with the bank without customer’s acceptance.
SHA Customer pays JSC “Aizkraukles banka” commission. Other banks involved in transfer execution have right to withhold commissions from the transfer amount.
BEN JSC “Aizkraukles banka” withholds commissions from the transfer amount. Other banks involved in transfer execution have right to withhold commissions from the transfer amount. In this case, minimum transfer amount is EUR 100 or its equivalent.

For transfers in LVL, EUR, CHF, CZK, DKK, EEK, GBP, LTL, NOK, PLN, or SEK, where both remitting and beneficiary banks are in European Economic Area countries, SHA type of commission payment is to be stated. In case other type of commission payment is stated on such transfer order, the bank is entitled to change it to SHA. In this instance, beneficiary bank only is entitled to withhold commission from the transfer amount before crediting the latter to the beneficiary’s account, if it is agreed upon by the beneficiary and the beneficiary bank.

The bank processes transfers in BYR, RUB, UAH, KZT, MDL only provided OUR type of commission payment is stated. In case other type of commission payment is stated on such transfer order, the bank is entitled to change it to OUR.


Regular transfers and account balance management

Service application processing free of charge
Transfer execution respective transfer commission, as submitted via Internetbank AB.LV

Funds crediting to account7

Transfer attributes and currency Commission Value date
Correct details provided:
LVL, EUR, CHF, CZK, DKK, EEK, GBP, LTL, NOK, PLN, SEK free of charge date stated in the transfer order
USD free of charge date stated in the transfer order, but not before the processing date, provided that the bank has received information about funds being credited to the JSC “Aizkraukles banka” main correspondent account
Other currency free of charge date stated in the transfer order, but not before the following bank day after funds have been credited to the JSC “Aizkraukles banka” main correspondent account
Incorrect details provided, also, beneficiary account number not provided in IBAN format:
LVL, EUR, CHF, CZK, DKK, EEK, GBP, LTL, NOK, PLN, SEK 20 EUR date stated in the transfer order
USD 20 EUR date of amending details, but not before the processing date, provided that the bank has received information about funds being credited to the JSC “Aizkraukles banka” main correspondent account
Other currency 20 EUR date of amending details, but not before the following bank day after funds have been credited to the JSC “Aizkraukles banka” main correspondent account

Correction, cancellation, investigation, and refund of a transfer

Cancellation or refund of a book transfer8 10 EUR
Correction, cancellation, or investigation of an outgoing or incoming transfer that is made to / from a bank:
in Latvia 10 EUR
outside Latvia 40 EUR + actual investigation costs
Refund of an incoming transfer respective standard transfer commission, as submitted at the office

Currency exchange9

Exchanged amount or its equivalent Currency exchange rate
up to 5000 EUR the bank general exchange rate
over 5000 EUR as agreed upon with the bank or the bank general exchange rate (at customer’s option)


7 Order is processed on the same bank day if received by the bank before 18:30.
8 Only provided consent by the beneficiary to which funds have been credited according to initial transfer details. The commission is paid by the service requestor.
9 Order is processed on the same bank day if received by the bank before 18:30. Performing currency exchange in cash, the rates and charges of cash transactions with coins and notes are applied.