Docs

Latvia

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).
Supported beneficiary account type – individual only.
Supported Sender type - Individual only.
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA LATVIA PAYOUT371001

Telegraphic Transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).
Supported beneficiary account type – Individual & company
Supported sender account type - Individual & company
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Latvian business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Latvia nationwide
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)EUR 45,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Code

NoNameSwift Code
1ABLV BANK, AS IN LIQUIDATIONAIZKLV22
2AKCIJU SABIEDRIBA 'LATGALES FINANSULFIKLV21
3AKCIJU SABIEDRIBA NASDAQ RIGAXRISLV21
4ALFAPAYALFPLV21
5AS BALTIJAS PRIVATBANKABLPBLV21
6AS INDUSTRA BANKMULTLV2X
7AS MAGNETIQ BANKLAPBLV2X
8BANK OF LATVIALACBLV2X
9BIGBANK AS LATVIJAS FILIALEBIGKLV21
10BLUOR BANK ASCBBRLV22
11CITADELE BANKA, AKCIJU SABIEDRIBAPAEXLV21
12DUKASCOPY EUROPE IBS ASJSSILV21
13E LATS, SIALATSLV21
14INDEXO BANKA ASIDXOLV22
15JOOL PAY SIAJOPSLV22
16JSC CITADELE BANKAPARXLV22
17KOOPERATIVA KRAJAIZDEVU SABIEDRIBAKKSLLV22
18LATVIJAS ARODBIEDRIBU KRAJAIZDEVU SKKSDLV21
19LTFJA KKS JURNIEKU FORUMSLKJFLV21
20LUMINOR BANK AS LATVIAN BRANCHRIKOLV2X
21MINTOS MARKETPLACE ASMIMKLV22
22MONEY EXPRESS SIAMOXSLV21
23NASDAQ CSD SELCDELV22
24NIXGROUPNIXGLV21
25OGRES KOMERCBANKAOKBALV21
26OP CORPORATE BANK PLC LATVIA BRANCHOKOYLV2X
27PAYSERA LTPAYELV21
28REGIONALA INVESTICIJU BANKARIBRLV22
29RIETUMU BANKARTMBLV2X
30SAMSUNG ELECTRONICS BALTICSSECTLV21
31SEB BANKAUNLALV2X
32SIA 'SEMFOPAY'SEFMLV21
33SIA 'XPATE'SIAXLV22
34SIA MONETIZATORSIMZLV21
35SIA PAYBANCOSIAFLV21
36SIA TRANSACT PROTPROLV22
37SIGNET BANK ASLLBBLV2X
38STATE JOINT STOCK COMPANY LATVIJASLPNSLV21
39STEITS, SIASIAILV21
40SWEDBANK ASHABALV22
41TF BANK AB LATVIJAS FILIALELAVFLV22
42TIGSIPAY SIATGSILV22
43TREASURY OF THE REPUBLIC OF LATVIA,TRELLV22
44UNIFIEDPOST PAYMENTS SA FILIALE LATPANXLV22
45WOT, SIAWOSILV21
46XOPAY, SIAOPAYLV21