4. Transfers

In force from 14.04.2022.

SHA - The payer pays the commission fee set by JSC “Industra Bank” for the transfer. All other commission fees related to the transfer (fees of the Correspondent Bank, Intermediary Bank and the Beneficiary's payment service provider), if any, shall be paid by the Payee. The transfer of the payment into the Payee's account shall be performed by the Payee's payment service provider after deducting all commission fees, if any, from the amount of the transfer. 
 
OUR - All commission fees related to the transfer (JSC “Industra Bank”, Correspondent Bank, Intermediary Bank and Payee's payment service provider commission fees) shall be paid by the Payer. The Payer also undertakes to pay all additional fees charged by the banks involved in the execution of the transfer, if any. JSC “Industra Bank” retains the right to deduct additional commission fees from the Client's Accounts without seeking prior approval. The Payee's payment service provider must credit the Payee's account with the full amount of the transfer.  JSC “Industra Bank” is not responsible if the Correspondent Bank, the Intermediary Bank or the Payee's payment service provider has not complied with the instructions of JSC “Industra Bank” or the transfer has not been received in full due to other reasons beyond the control of JSC “Industra Bank”.   
 
¹ Provided that the customer's account number in IBAN format is correctly specified in the field "recipient" of the received SWIFT MT 103 message.        
² Prerequisites for SEPA-transfer:
- the beneficiary account number must be in IBAN-format;
- the beneficiary bank identification code (SWIFT/BIC) must be indicated;
- the payment is being sent to an EEA⁷ country;
- if the beneficiary bank is not a member of EEA⁷, the transfer is sent to the beneficiary as an international transfer and an appropriate fee is applied;
- the currency of payment is Euro;
-the type of payment is standard;
-the remitter pays the SHA charges (the charges are shared) of his/her own bank only;
- details of the beneficiary bank and of the beneficiary are correct."        
³ According to the Appendix Nr.1.
⁴ Transfers in USD, RUB, GBP, PLN, KZT are made only with the prior approval of the Bank.
⁵ Domestic transfers to/from another bank in Latvia.
⁶ If the additional fees charged by the banks involved in the execution of the transfer occur, JSC “Industra Bank” has the right to deduct additional fees from the Customer's Accounts without seeking prior approval.   
⁷ The EEA (European Economic Area) countries –  EU countries (Austria, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Estonia, Italia, Ireland, Cyprus, Latvia, Great Britain, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden) and Island,  Liechtenstein, Norway, Switzerland.       
⁸ If the recipient is not registered in any of these jurisdictions: European Union, CIS, OECD, ASEAN (except Brunei Darussalam and Myanmar), Andorra, Gibraltar, Georgia, Hong Kong, China, Liechtenstein, Macedonia, Montenegro, Serbia and the sum of the transfer exceeds 10 000 USD/10 000 EUR or more, then the additional fee of 120 EUR is charged.