OREANDA-NEWS. July 21, 2008. Rietumu Bank has recently announced changes in tariffs on international and local payment transactions, reported the press-centre of Rietumu Bank.

The overall structure of payment tariffs has been simplified significantly. Fee determination principle has altered in such a way that a floating tariff formerly applied by the Bank has been replaced by fixed tariff that apply irrespective of the payment amount.

New tariffs are available on Rietumu Bank’s home page www.rietumu.com/fees.

The changes are multidirectional and pertain to several types of payment transactions. For instance, accession of Rietumu Bank into the unified TARGET European Payment System has rendered it possible to decrease a number of fees for payment transactions in EUR to the EU countries (both BEN and OUR).

Execution of payments in USD has also become simpler – the Bank switched to a unified tariff that apply irrespective of the payment amount.

We would like to draw your attention to the fact that our Bank processes all payment orders in USD on the same day the orders are received. Thus, we commonly process payment transactions, which are classified as urgent and require additional fees in other banks.