SEPA payments are payments that fulfill the following conditions:

• payment currency is EUR
• the beneficiary's bank is located in the European Union or Iceland, Liechtenstein, Norway, Monaco and Switzerland.
• beneficiary's account number is used in IBAN format
• BIC code of the beneficiary's bank is used
• payment type is standard
• charging option is SHA

SEPA payments within Lithuania are processed with same day value and SEPA payments to other countries are processed with value next banking day.

Customers can also submit Express payments in EUR within SEPA payment area that will be processed (sent to the beneficiary’s bank) within 2 hours after the bank has accepted those.

The execution of SEPA payments depends on the type of the payment and the submission time:

International payment is a payment to a foreign country or a payment in foreign currency to another bank in Lithuania.

In most countries, payment traffic has been automated by creating standard formats for bank account numbers and bank identifier SWIFT (BIC) codes, used by all banks. In order to ensure quick and inexpensive handling of payments, we recommend you to ask from beneficiaries for their complete bank details. The beneficiary’s IBAN (International Bank Account Number) should always be used when it is available. The IBAN should be entered in an uninterrupted sequence, with all numbers typed immediately after each other (without any spaces) and leaving out the abbreviation ‘IBAN’ from in front of the numbers. 

Types of international payments and execution times

The execution of cross-border payments depends on the type of the payment, the currency and the submission time:

Charging options:

• SHA – shared costs, which means that the payer and the beneficiary shall pay service fees of their own bank.
• OUR – payer’s costs, which means that the payer shall pay all service fees. The payment reaches the beneficiary usually in full amount.

Charge code OUR can only be used for payments within EU/EEA, when currency conversion takes place during the payment processing or the payment is made in a currency other than EU/EEA area's currency.

"OP Financial Group" payment is a fast and inexpensive payment within OP Financial Group (payment between Lithuania, Finland, Estonia and Latvia) which is credited to beneficiary’s account on the same banking day.   

"OP Financial Group" payment can be made in EUR, USD, SEK, NOK, DKK, GBP and CHF.

Payments to Russia and Belarus are stopped until further notice.

Salary payment enables you to pay all salaries to your employees with one payment order. 

• While consisting of several payments to several beneficiaries, salary payments are debited from the account as one lump sum payment and are also shown on the account statement as one payment.
• For your convenience you can 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.    
• Single payments within that lump sum can be seen only by those NetBank users to whom you have given the relevant rights.

For more information about this product, please contact us.