OREANDA-NEWS. August 23, 2010. This is to inform that Rietumu will execute outgoing payments in EUR as well as GBP, DKK, NOK, SEK, PLN, CZK, LTL, EEK, LVL and CHF within the European Economic Area (EEA) only with SHA-type fee, reported the press-centre of Rietumu.

SHA is the most convenient and cost-efficient type of fees in EEA. When you send a SHA payment order to the Bank:

- you pay lower fee as compared to OUR;

- the Bank does not charge third party banks’ fees;

- full payment amount is transferred to a beneficiary’s bank, since none of the EEA banks involved in the transfer are eligible to withhold fees from the payment amount.

Outgoing transfers in EUR and other currencies outside the EEA will be executed with SHA- and OUR-type fees, as previously.

Member countries of the European Economic Area: Iceland, Norway, Liechtenstein and 27 EU countries – Austria, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Estonia, Ireland, Italy, Cyprus, Latvia, United Kingdom, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden.