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- Cross border money transfer
Cross border money transfer
You can transfer funds to any country of the world
You can transfer funds in the required foreign currency to another account opened with a bank that operates abroad. International transfers are available online or at a bank unit of your choice.
To choose the best way to transfer your money cross-border, consider the destination country, the currency and how fast you need your funds transferred.
This method is used to transfer funds in different currencies to just about all countries of the world. The transfer is performed via correspondent accounts opened with correspondent banks, therefore you have to specify the details of your selected correspondent bank as well as the remittee’s account number in the international IBAN format and the bank’s BIC code.
Main features:
- You can transfer convertible and non-convertible currency
- Money is transferred to many banks worldwide
- The money transfer can be urgent and extra urgent (the duration depends on the currency, the location of the remittee's bank and the time of filing the order)
- The cost of transfer can be covered by any party
For more information about bank accounts, money transfer, other related services and applicable charges and terms please call our 24/7 line at 1528 or visit a SEB bank unit of your choice.
The duration of transferring money to a foreign country depends on the currency you are transferring and the filing time and type of your payment order (regular, urgent or extra urgent). If payment order is provided to SEB Bank after above mentioned time or on non-banking day, funds transfer is executed one banking day later.
| Transferred currency | Order filing time | Order type | Funds are debited to the bank's correspondent account |
|---|---|---|---|
| Cross border money transfer | |||
| All currencies except BYN, RUB, KZT, UAH | irrelevant | standard | in 2 business days |
| BYN, RUB, KZT, UAH | irrelevant | on the following business day | |
| All currencies except AUD, BYN, CNY, HKD, INR, JPY, KZT, NZD, PHP, RUB, QAR, SAR, SGD, TRY, UAH, ZAR | before 16:30 | urgent | on the following business day |
| AUD, HKD, JPY, NZD, SGD, TRY, ZAR | before 14:00 | on the following business day | |
| BYN, RUB, KZT, UAH | before 10:00 | on the same business day | |
| PHP, CNY, INR, QAR, SAR | - | no urgent cross-border payments may be executed | |
| EUR and USD | before 16:00 | express | on the same business day |
| Other currencies except EUR, USD, AUD, BYN, CNY, HKD, INR, JPY, KZT, NZD, PHP, RUB, QAR, SAR, SGD, TRY, UAH, ZAR | before 10:00 | on the same business day | |
| AUD, BYN, CNY, HKD, INR, JPY, KZT, NZD, PHP, RUB, QAR, SAR, SGD, TRY, UAH, ZAR | - | no express cross-border payments may be executed | |
For more information about bank accounts, money transfer, other related services and applicable charges and terms please call our 24/7 line at 1528 or visit a SEB bank unit of your choice.
If money is transferred to you from an account opened with another bank operating abroad, it will be credited to your account on the same day it reaches the SEB Bank.
If funds are transferred:
- To the bank account the debit card is linked with, they will be credited in the currency they are received in
- To a credit card account, they will be credited in the currency of the credit card account (if the account currency is different from the transferred currency, the transferred currency is automatically exchanged at the valid exchange rate of the SEB Bank)
What should you specify to the remitter for money to be credited to your account?
If you are expecting money to your account with the SEB Bank from abroad, you are required to specify to the remitter:
- The number of your account with the SEB Bank in the international IBAN format (the funds are credited to the account based on that number)
- Your first name and surname
- Your residential address
- Bank name (AB SEB Bank) and SWIFT code (CBVI LT 2X)
- Exact name and SWIFT code of the nostro correspondent bank abroad
Choose a correspondent bank according to the transferred currency, country and terms of transfer.
Click here for sample details to be provided by the remitter when he transfers money to you from abroad.
Please note that when we credit money to the account we check the account number but we don’t check other details.
For more information about bank accounts, money transfer, other related services and applicable charges and terms please call our 24/7 line at 1528 or visit a SEB bank unit of your choice.
This money transfer includes:
- all transfers in foreign currency (other than in euro) to other Lithuanian-registered banks or other countries
- transfers in euro to banks registered in other countries, with the exception of the European Union, the European Economic Area countries, Switzerland, Monaco, San Marino and Andorra
- money transfers in all currencies if the payee's or payer's account number is not in the IBAN format
The complete list of payment currencies in which cross-border transfers are carried out
| Cross-border payment | If the payment order is given: | |
|---|---|---|
| Standard cross-border payment | at the Bank | via the Internet |
| OUR1 | EUR 34 | EUR 24 |
| SHA2 | EUR 23 | EUR 13 |
| BEN3 | free of charge | free of charge |
|
In case of standard cross-border payment, funds are debited to SEB Bank’s correspondent accounts with other banks within 2 banking days except for money transfers BYN, RUB, KZT, UAH. In case of standard cross-border payment in BYN, RUB, KZT, UAH, funds transfer is executed on the next banking day. In case of funds transfer via other banks’ correspondent (loro) accounts with SEB Bank, funds are credited to other banks’ correspondent accounts on the same banking day, if relevant payment order is provided before 4:00 p.m. If payment order is provided to SEB Bank after above mentioned time or on non-banking day, funds transfer is executed one banking day later. |
||
| Urgent cross-border payment | at the Bank | via the Internet |
| OUR1 | EUR 50 | EUR 40 |
| SHA2 | EUR 36 | EUR 26 |
| BEN3 | free of charge | free of charge |
|
In case of an urgent cross-border payment, funds are transferred to payee’s bank account on the next banking day. Urgent cross-border payment orders are accepted on banking days before 4:30 p.m. in currencies other than AUD, BYN, CNY, HKD, INR, JPY, KZT, NZD, PHP, RUB, QAR, SAR, SGD, TRY, UAH and ZAR. Urgent cross-border payment orders in AUD, HKD, JPY, NZD, SGD, TRY, ZAR are accepted before 2:00 p.m. Urgent cross-border payment orders in the BYN, RUB, KZT, UAH are accepted before 10:00 a.m. and funds transfer is executed on the same banking day. In case of PHP, CNY, INR, QAR, SAR currencies, no urgent cross-border payments may be executed. If payment order is provided to SEB Bank after above mentioned time or on non-banking day, funds transfer is executed one banking day later. |
||
| Express cross-border payment | at the Bank | via the Internet |
| OUR1 | EUR 90 | EUR 80 |
| SHA2 | EUR 65 | EUR 55 |
| BEN3 | free of charge | free of charge |
|
In case of an express cross-border payment, funds are transferred to payee’s bank account on the same working day. Express cross-border payment orders for funds transfer in USD or EUR are accepted on banking days before 4:00 p.m. Express cross-border payment orders in other currencies are accepted on banking days before 10:00 a.m. In case of AUD, BYN, CNY, HKD, INR, JPY, KZT, NZD, PHP, RUB, QAR, SAR, SGD, TRY, UAH and ZAR currencies, no express cross-border payments may be executed. If payment order is provided to SEB Bank after above mentioned time or on non-banking day, funds transfer is executed one banking day later. 1 OUR – a payer pays SEB Bank and other bank commission fees. Other bank commission fees (up to 75 Eur or equivalent in other currencies) are debited from the payer's account. 2 SHA – a payer pays SEB Bank commission fees, the payee pays other bank commission fees, except where a fee cannot be debited from the payee's account in accordance with the rules set by the other bank. 3 BEN – a payee pays SEB Bank and other bank fees, except where a fee cannot be debited from the payee's account in accordance with the rules set by the other bank. Fee of EUR 26.07 is applied to the payee for the standard international payment instruction, EUR 40.55 – for the urgent international payment instruction and EUR 78.20 – for the extra urgent international payment instruction. Only shared charges (SHA) are allowed if payee‘s bank is registered in the European Union or the European Economic Area country, Switzerland, Monaco, San Marino, Andorra. Cross-border payment to the countries listed above are not executed if the bank fees are paid only by the beneficiary (BEN) or only by the payer (OUR). Foreign currency is a currency other than the euro. |
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For more information about bank accounts, money transfer, other related services and applicable charges and terms please call our 24/7 line at 1528 or visit a SEB bank unit of your choice.
There are two ways you can transfer money in foreign currency: online and by visiting a bank unit:
- Log in to the internet bank, select “Payments”→ “New payment”, complete the required fields of the payment order and confirm the transaction
- Visit a SEB bank unit of your choice, present your personal identity document and a required payment order:
For more information about bank accounts, money transfer, other related services and applicable charges and terms please call our 24/7 line at 1528 or visit a SEB bank unit of your choice.
