For making payments we offer following services:
SEPA payments are payments that fulfil the following conditions:
SEPA payments within Latvia are processed with same day value and SEPA payments to other countries are processed with value next banking day.
Currency |
Type |
Submission time 1 |
Payment value date 2 |
Payment execution date 3 |
EUR |
Standard* |
16:00 |
T |
T |
EUR |
Standard** |
16:30 |
T |
T+1 |
EUR |
Express* |
16:30 |
T |
T |
EUR |
Express** |
16:00 |
T |
T |
1payment is processed on the same working day of the Bank if it is received until the specified Latvian time. If the payment is received after the specified submission time, the next working day of the Bank shall be the payment value date.
2 - date when the payment is debited from the payers current account.
3 - date when the Bank hands over the funds to the beneficiary or the beneficiary bank. T – payment value date.
* SEPA payments within Latvia.
** SEPA payments to other countries.
Intra-bank payment means a payment in all the currencies serviced by the Bank between different accounts of one customer or between accounts of different customers within the Bank.
Intra-bank payments can be submitted till 18:30 with the type Standard and are executed immediately.
Cross-border payments are payments in foreign currency to a customer of another bank in Latvia, as well as payments in all currencies to customers of banks abroad.
The execution of cross-border payments depends on the type of the payment, the currency and the submission time:
Currency | Type | Submission time1 | Payment value date2 | Payment settlement date 3 |
All currencies | Standard | 16:30 | T | T+2 |
All currencies | Urgent | 16:30 | T | T+1 |
CHF | Express | 10:30 | T | T |
DKK | Express | 9:30 | T | T |
GBP | Express | 16:00 | T | T |
PLN | Express | 12:30 | T | T |
SEK | Express | 16:00 | T | T |
EUR, USD, NOK | Express | 16:30 | T | T |
OP payment5 | Express | 16:30 | T | T |
1 - payment is processed on the same working day of the Bank if it is received until the specified Latvian time. If the payment is received after the specified submission time, the next working day of the Bank shall be the payment value date.
2 - date when the payment is debited from the payer’s current account.
3 - date when the Bank hands over the funds to the beneficiarys bank or the correspondent bank: T – payment value date, T+1 – the next working day of the bank after the payment value date. T+2 – the second working day of the Bank after the payment value date.
4 - OP payment is a payment within the OP-OP Group (between OP-OP Group banks in Finland, Estonia, Lithuania and Latvia) meeting the following criteria: the payment currency is EUR, SEK, USD, NOK, DKK, GBP, CHF; the payment type is Express (T), the payment commission type is SHA (shared).
For cross-border payments, OP Corporate Bank plc Latvia branch offers the following commission types:
Standing order is a payment order that is automatically debited from the account in the amount predefined by the customer on predefined date and to the predefined beneficiary provided that there are sufficient funds on the account.
The first standing order shall be processed on the execution date predefined by the customer and the next ones according to the by customer predefined intervals:
A customer can submit open-ended standing order application as well as specify the end date.
The standing payment order can be given for performing both SEPA payments and cross-border payments.
A customer can register, change or cancel Standing order in NetBank.
Salary payments mean the payments that are used to pay salaries to the customer’s employees.
The salary payments functionality will save customers’ time, because there is no need to enter each payment separately anymore. Customers only need to create and save salary payment list in NetBank once and afterward to use this list for the future salary payments, changing the paid amounts, payment details, as well as adding / deleting separate beneficiaries.
Additionally, it is possible to define NetBank user rights so that only designated users can see the detailed information about the beneficiaries and the paid amounts. Other user can see only consolidated information about the total amount.
Salary payments shall be processed as standard SEPA payments applying the respective SEPA format requirements.
OP Corporate Bank plc Latvia Branch
+371 67 777 007
office@opbank.lv
Muitas iela 1, Riga
LV-1010, Latvia