International Payments
12 months free TARGET and SEPA international payments
International Payments at EMBank
We offer access to a range of payment networks such as SWIFT, TARGET2, and SEPA.
All our banking and payment services can be accessed via our web portal or via our banking platform.
EMBank Payment Solution
We know technology gives companies unprecedented opportunities, and we strive to develop payment systems that can easily facilitate your international payments.
Make and receive payments with our segregated accounts solution. Your safeguarding account will protect your clients’ funds, while your payment account will allow you to easily perform outgoing payments.
SWIFT
Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a cooperative dedicated to providing safe and secure international financial transactions for its members. EMBank is a SWIFT member.
SEPA
Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union to simplify bank transfers denominated in euro. EMBank is a SEPA member, with transactions done via the Bank of Lithuania.
TARGET2
TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system. It is the real-time gross settlement (RTGS) system owned and operated by Eurosystem. EMBank is a Target2 member.
Who is an Eligible Candidate for International Payments?
There are many different types of businesses that are eligible for international payments. Some of the most common include:
- E-commerce businesses: These businesses typically sell products or services online and need to be able to accept payments from customers in other countries.
- Import/export businesses: These businesses typically ship products or services to other countries and need to be able to accept payments in foreign currencies.
- Service businesses: These businesses typically provide services to clients in other countries and need to be able to accept payments in foreign currencies.
- Manufacturing businesses: These businesses typically produce products that are sold in other countries and need to be able to accept payments in foreign currencies.
Please visit Fees and Commissions page to see the applicable fees.
Apply now!
Please provide the required information and we will contact you within 1 working day.
Frequently Asked Questions
What is an international payment?
An international payment is a payment made by one person or entity to another person or entity in a different country. There are many different types of international payments, but the most common are wire transfers, credit card payments, and checks.
What are the benefits of international payments?
There are many benefits of international payments. It allows businesses to trade with one another without having to worry about currency conversion. This can save businesses a lot of time and money, as well as reducing the risk of errors.
Another key benefit is that it can help to build strong relationships with suppliers and customers located in other countries. This is because regular and efficient payments can help to foster trust and goodwill between parties. Furthermore, international payments can also help businesses to take advantage of opportunities in foreign markets.
Overall, international payments offer a number of key benefits for businesses of all sizes. They can save time and money, help to build strong relationships, and enable businesses to take advantage of opportunities in foreign markets.
Can I make international payments in online banking?
Yes, you can make international payments in online banking. You will need to have the recipient’s account number, routing number, and bank name. You will also need to know the amount you want to send and the currency you want to use. Once you have all of this information, you can log into your online banking account and initiate the transfer.
Which countries can I send money to?
EMBank is a member of reputable payment networks such as SWIFT, SEPA and Target2. You can safely make international payments all over the globe.
What are the fees and commissions for payments and transfers?
You can find the fees and commissions which are applicable for payments and money transfers:
| Money Transmission | ||
| 1 | Between account holder accounts in EMBank through internet banking | 0.00 € |
| 2 | Sending money to another customer account in EMBank through internet banking | 0.30 € |
| 3 | SEPA transfer (in case of loan disbursement) | 5.00 € |
| 4 | SEPA transfer outgoing through internet banking | 0.40 € |
| 5 | SEPA transfer incoming through internet banking | 0.00 € |
| 6 | International not SEPA Outgoing (EUR) SHA |
8.00 € (plus any correspondent bank charges) |
| 7 | International not SEPA Outgoing (Other currencies) SHA |
20.00 € (plus any correspondent bank charges) |
| 8 | International Incoming (EUR) SHA |
20.00 € (plus any correspondent bank charges) |
| 9 | International Incoming (Other currencies) SHA |
20.00 € (plus any correspondent bank charges) |