Foreign Transfers
You can make foreign currency transfers both to any account in Lithuania and abroad.
Transfer processing time
The time within which foreign currency transfers will be processed:
- Transfers to your own or another client's account at Šiaulių Bank will be processed on the same day (when using internet banking, as specified under the Internet Banking Operations Time).
- Transfers to other banks registered in Lithuania:
- USD will be processed on the same business day if the payment order is submitted by 15:00;
- DKK, GBP, NOK, SEK, PLN will be processed on the same business day if the payment order is submitted by 12:00;
- Other currencies will be processed on the next business day if the payment order is submitted by 17:00.
- Transfers to banks registered in foreign countries:
- Standard foreign currency transfers will be processed within 2 business days if the payment order is submitted by 22:00;
- Urgent foreign currency transfers will be processed on the next business day if the payment order is submitted by 17:00;
- Very urgent transfers in EUR and USD will be processed on the same business day if the payment order is submitted by 15:00; DKK, GBP, NOK, SEK, PLN – by 12:00.
If the payment order is submitted after the specified time, the transfer will be processed on the next business day.
Important
Payments to EU and EEA countries (Norway, Iceland, and Liechtenstein) in foreign currencies are only executed if both the payer and the recipient cover their bank fees (SHA).
Information on transfers to the United Arab Emirates and India.
When making transfers to the United Arab Emirates, please specify the exact purpose of the payment and the payment purpose code, consisting of 3 uppercase letters. Complete the payment purpose in English and include: the names of purchased goods/services, contract and invoice dates and numbers, and, if possible, the location of service provision or the destination of goods.
You can find a list of payment here.
For transfers to India, please specify the exact purpose of the payment and the payment purpose code, consisting of 5 characters. Complete the payment purpose in English and include: the names of purchased goods/services, contract and invoice dates and numbers, and, if possible, the location of service provision or the destination of goods.
You can find a list of payment codes here.
If the exact purpose of the payment is not specified, payment orders may be rejected and not executed.
IBAN examples
For more information about IBAN, please visit the website www.ecbs.org/iban.htm
Attention: When making a payment, make sure to check that the account number is correctly specified. The payment transaction will be processed based on the recipient account number you provide.
If the account number is incorrectly specified, the funds may be credited to another client’s account, even if the recipient's name is correct.
To transfer currency to other banks registered in Lithuania or to banks registered in foreign countries, you must complete the foreign currency payment order form.