International transfers

What types of foreign currency could be used performing international transfer of funds?
When are international transfers of funds performed?
Is it possible to perform an international transfer of funds using SB linija?

International funds’ transfers could be performed in any foreign currency Šiaulių bankas works with.

Transfers of funds in any foreign currency are performed as follows:
• ordinary – funds from the bank’s correspondent account are written off in 2 business days; to the EU member states and EEA states - funds from the bank’s correspondent account are written off on the next business day
• urgent - funds from the bank’s correspondent account are written off on the next business day if the payment order is submitted by 4.00 p.m., payment order to the EU member states and EEA states is executed as ordinary
• very urgent - funds from the bank’s correspondent account are written off on the same business day if the payment order is submitted by 3.00 p.m.

An international transfer of funds can be performed via the Internet using e-banking service system SB linija.

Is it possible to transfer funds without having an account with Šiaulių bankas?
What are IBAN and BIC codes and why should they be used?
What details must be indicated while filling an application regarding international transfer?

A bank account is necessary in order to perform international transfer.

IBAN -
BIC - bank identification code according to the codes provided bycountries the payment orders, where recipient’s IBAN account or recipient’s bank BIC/SWIFT code are not indicated, are sent back to a payer.

• recipient’s exact name and address;
• recipient’s account number;
• exact name, address and SWIFT code of the recipient’s bank.

What data should be provided to a foreign bank in order to receive funds to a client’s account with Šiaulių bankas?

• recipient’s exact name, surname / enterprise name;
• recipient’s foreign currency account number with Šiaulių bankas;
• Šiaulių bankas’ SWIFT code;
• exact name of a correspondent bank abroad and its SWIFT code. A correspondent bank should be chosen according to the currency to be send but not according to the country funds shall be transferred from (a list of the correspondent banks).