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Cash Management Service Fees

**Note: To use a Remittance Service, a DSBC Financial Europe Account must be registered.

IN-COMING REMITTANCES
Incoming foreign payments 5 EUR  
Incoming payments within DSBC Financial Europe Free of charge  
OUTGOING REMITTANCES
  Remittance within DSBC Financial Europe network Free of charge  
Outward Transfers in EUR (1)
  Time of execution Charge paid by the beneficiary (BEN) Charge shared (SHA)
  Standard D+2 (4) 25 EUR + 0.25% (5) 25 EUR + 0.25% (5)
  Urgent D+1 (3) 50 EUR + 0.25% 50 EUR + 0.25%
  Express D (2) 70 EUR + 0.25% 70 EUR + 0.25%
Outward Transfers in foreign currencies
  Standard D+2 (4) 35 EUR + 0.25% (5) 35 EUR + 0.25% (5)
  Urgent D+1 (3) 55 EUR + 0.25% 55 EUR + 0.25%
  Express D (2) 70 EUR + 0.25% 70 EUR + 0.25%
Remittance instruction
  Charges for amendment or cancellation 50 EUR On customer instructions
  Missing/invalid IBAN charges 30 EUR  

 

Note:

  1. Outgoing payments within European Economic Area member-states.
  2. D – current working date, Lithuania time zone, 08:30AM – 11:00AM (cut off time at 11:00AM).
  3. D+1 – value date on the following working day, Lithuania time zone.
  4. D+2 – value date on the next 2 working days, Lithuania time zone.
  5. 0.25% on total amount of transaction.
  6. Maximum transaction fee capped at 150 EUR for Standard D+2. Urgent D+1 and Express D will be charged more 25 EUR and 45 EUR respectively depending on your request.

 

OTHER SERVICES RENDERED

Account, Statement & Notification
DSBC Financial Europe account statement 10 EUR Hard copy. Free when download via DSBCnet
Balance Certificate for a specific account 20 EUR  
DSBC Financial Europe current account reference letter 50 EUR  
Express courier original copy 60 EUR To client address worldwide: DHL/FedEx
SMS notification about account transactions 0.2 EUR Per message
Email notification about account transactions Free of charge  

**Note: To use a Remittance Service, a DSBC Financial Europe Account must be registered.

IN-COMING REMITTANCES
Incoming foreign payments 5 EUR  
Incoming payments within DSBC Financial Europe Free of charge  
OUTGOING REMITTANCES
  Remittance within DSBC Financial Europe network Free of charge  
Outward Transfers in EUR (1)
  Time of execution Charge paid by the beneficiary (BEN) Charge shared (SHA)
  Standard D+2 (4) 25 EUR + 0.25% (5) 25 EUR + 0.25% (5)
  Urgent D+1 (3) 50 EUR + 0.25% 50 EUR + 0.25%
  Express D (2) 70 EUR + 0.25% 70 EUR + 0.25%
Outward Transfers in foreign currencies
  Standard D+2 (4) 35 EUR + 0.25% (5) 35 EUR + 0.25% (5)
  Urgent D+1 (3) 55 EUR + 0.25% 55 EUR + 0.25%
  Express D (2) 70 EUR + 0.25% 70 EUR + 0.25%
Remittance instruction
  Charges for amendment or cancellation 50 EUR On customer instructions
  Missing/invalid IBAN charges 30 EUR  

 

Note:

  1. Outgoing payments within European Economic Area member-states.
  2. D – current working date, Lithuania time zone, 08:30AM – 11:00AM (cut off time at 11:00AM).
  3. D+1 – value date on the following working day, Lithuania time zone.
  4. D+2 – value date on the next 2 working days, Lithuania time zone.
  5. 0.25% on total amount of transaction.
  6. Maximum transaction fee capped at 150 EUR for Standard D+2. Urgent D+1 and Express D will be charged more 25 EUR and 45 EUR respectively depending on your request.

 

OTHER SERVICES RENDERED

Account, Statement & Notification
DSBC Financial Europe account statement 10 EUR Hard copy. Free when download via DSBCnet
Balance Certificate for a specific account 20 EUR  
DSBC Financial Europe current account reference letter 50 EUR  
Express courier original copy 60 EUR To client address worldwide: DHL/FedEx
Email notification about account transactions Free of charge  

FAQs

1. How fast and convenient are money transfers within DSBC Financial Europe if I use corporate current account?

No matter wherever you are and whatever currency you transfer as well as whether you are using a personal account or a corporate account, all transfers between all DSBC Financial Europe (DSBC) clients are free and unlimited in all currencies supported by DSBC.

There are a few things that you need in order to transfer funds to the right recipient. First of all, you and the one you transfer to would need either a personal current account or corporate current account with DSBC. Secondly, you need to login to your online banking on our website (DSBCnet) or our DSBC mobile app and choose the option to transfer money within the DSBC network and input your receiver account number for the transfer and the amount you want to transfer and that’s it, now you only need to wait for the money to be credited to your account or to your recipient’s account, this will normally take a few seconds.

2. What Is SWIFT?

SWIFT - Society for Worldwide Interbank Financial Telecommunication.

Transaction orders are transmitted between members of this network.

Each member is identified with a unique SWIFT/ BIC code.

To this day, SWIFT is the biggest and most efficient tool for international money transfer, with over 11.000 member institutions in over 200 countries, sending over 5 billions financial messages globally every year.

3. Does DSBC Financial Europe offer international cash management services in term of global transfers?

At DSBC, we offer a very competitive fee for transferring funds within the DSBC network as well as to other banks across the globe. We don’t define international transferring as a different kind of transferring so you would not be charged extra for transferring internationally compared to normal transferring outside of the DSBC network. In addition to that, DSBC also provides customers with international cash management services as an extension for our current account. These services would ensure that our customers could manage their transactions effortlessly and also to make sure the transactions would reach the destination.

Another inherent part of international transfer is exchange rate, we offer the best possible exchange rate for your transaction, better exchange rate would be applied to your transfer the larger the fund transferred is. If you have registered a multi-currency account with us, you would be able to send and receive money in any foreign currency you want without the need to exchange. The only restriction is that the foreign currency of your choosing must be in our list of supporting currencies so please contact our relationship manager to find out more about which currencies we support. 

4. What Does SWIFT Code Represent?

SWIFT works by assigning each member institution a unique ID code that identifies the bank name, country, city, and branch.

For example DSBC Financial Europe BIC code is: DSFE LT 21 XXX

  • The first 4 characters represent our institution (DSFE - DSBC Financial Europe).
  • The 2 following characters represent the country we are based in (LT - Lithuania).
  • The other 2 following characters might be used to represent the location/city or a combination of numbers based on the organization's liking.
  • There might be an additional 3 characters, which are the institution’s branches.
5. How quickest way to send money overseas with DSBC Financial Europe?

When it comes to wire transfer, the processing time can reach to a week or more. However, clients can transfer funds faster with DSBC Financial Europe with low fees. We offer various options for you to meet your demands. In general, it takes 2 business days to complete a remittance, but you can choose D or D+1 options which mean you can transfer your funds in the instructing day or the following day respectively. Please refer to the links below for more details:

With SEPA Instant Transfer, clients can make instant payments up to 15,000 EUR any time between European banks who are members of the SEPA Instant system. With our online banking website (DSBCnet) or DSBC mobile apps, you will be able to access all the internet cash management services but also finish international transfer in just a few minutes.

6. What Are The Differences Between SWIFT And SEPA?

 

Difference between SEPA and SWIFT:

 

Network 28 + 3 EU/EEA countries. 118 countries and territories.
Currency EURO. Multiple currencies.
Transaction time 01-02 business days. 02-05 business days.
Or more depending on the relationship between the two payment institutions.
Maximum amount transferred per day 15,000 EUR/day Unlimited.
Note: The maximum amount can be pre-set when establishing your account.
Transfer fees Cheaper for transfer within the EU/EEA region. Depends on the number of correspondent banks involved.
7. How fast for EUR Transfers within Europe?

DSBC Financial Europe is a member of SEPA Instant, so our clients can make INSTANT transfers amounting up to 15,000 EUR within minutes, every day of the week to any bank also in the SEPA Instant network. Transfers are only charged a flat 5 EUR for each personal or corporate client and can be carried out an unlimited number of times if both the recipient and the sender are in SEPA Instant. 

If the bank you transfer to is not in that network then the transfer would be counted as a normal transfer, which would take 3 working days for normal transfers and as quickly as the same working day for urgent one with higher fees. You can refer to our personal and corporate account fees for more information on time and cost of transferring.

See more:

8. Can I Send And Receive Transfer In Other Currencies?

At this time, with DSBC SWIFT transfer, you can send money from your Euro account to other accounts in any other currencies.

However, when you receive payments in other currencies, the fund will be automatically converted to Euro in your DSBC Financial Europe current account.

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About Us

We are always proud of being an experienced Financial Institution in the global financial payment market.

We provide the best payment platform as well as worldwide money remittance service. "DSBC Financial Europe" UAB can assist you with different payment methods, whether it is a personal account or a business account.

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