Šiaulių bankas has become an indirect member of European clearing system

2004-09-17

Šiaulių Bankas has become an indirect member of European clearing system

Šiaulių Bankas has become an indirect member of the European Bank Association (EBA) clearing system. From now on Šiaulių Bankas customers will be able to get payment instructions from their partners abroad quicker and cheaper; besides, the higher quality of payment instructions will be ensured.

Membership in STEP2 system will allow Šiaulių Bankas receiving international payment instructions in Euros directly from foreign banks, thus avoiding the correspondent banks’ fees. STEP2 allows effecting money transfers to all EU countries when the transferred amount does not exceed EUR 12.5 thousand.

For more information call +370 41 595656.