Special Conditions

Money transfers

For money transfers from savings account and accounts, to which Maestro, VISA Electron, VISA Plus, Cirrus payment cards are attached, commission is charged the same as for transfers from current accounts.

LVL money transfers to other bank in Latvia are based on the following conditions:

• money transfer (amounts up to LVL 50 000):
  • if payment is submitted to on-line banking by 08:30, it will be sent with the first clearing cycle of the Bank of Latvia on the same day (10:00);
  • if payment is submitted by 13:00, it will be sent with the second clearing cycle of the Bank of Latvia on the same day (14:00);
  • if payment is submitted after 13:00, it will be sent with the first clearing cycle of the Bank of Latvia on the next day (10:00).
• money transfer (amounts over LVL 50 000):
  • money is transferred to the beneficiary on the next day.
• urgent money transfer:
  • payments are accepted till 15:00 and money is transferred to the beneficiary within 2 hours.

USD, EUR and other currencies' money transfers to other bank are based on the following conditions:

• money transfer – within 2 working days of the Bank
• urgent transfer – within 1 working day of the Bank (if payment is submitted till 13:00, it will be sent on the same day, if payment is submitted after 13:00, it will be sent on the next day).

If RUR, BYR, UAH, MDL, KZT currencies are converted to other currencies, commission for the transfer is not charged.

Banks with a direct clearing link
Name of bank	Currency
	LTL	EEK
SEB Bank, Vilnius	+
SEB Pank, Tallinn		+

Term deposit

In case of deposit withdrawal before maturity date, accrued interest is not paid and any interest amount, which was already withdrawn, will be deducted from principal amount of deposit.

Monthly/annual fee for payment card, issued on placing term deposit, is not charged on duration of term deposit.

Remote account management systems

Parex On-line Banking

• Limit of one transaction for operations with Code card is LVL 5 000 (or equivalent amount in other currency);
• Limit of daily debit turnover for operations with Code card is LVL 15 000 (or equivalent amount in other currency);
• Limit of one transaction for operations with DIGIPASS GO3 is LVL 15 000 (or equivalent amount in other currency).
• Limit of daily debit turnover for operations with DIGIPASS GO3 is LVL 50 000 (or equivalent amount in other currency).
• Transaction and daily turnover limits for operations with DIGIPASS are not fixed.