Local money transfers
Local money transfer is payment of money from your account with Ūkio bankas to a payee's account with Ūkio bankas or any other bank registered in Lithuania.
You have no time lining at the bank's tellers or cannot come to the bank during banking hours? You may transfer money and pay the bills via Eta bankas – quickly, conveniently and without leaving your office or home.
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How to make a local money transfer?
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You may transfer the money:
Local money transfer is performed against the filled in and submitted Payment Instruction. There are two forms of payment instructions:
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Simple (.pdf) – it is the most often used form containing only mandatory particulars;
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Complete (.pdf) – this form contains supplementary fields and provides the payee with more information (is filled in if you want to give the initial payer's and last payee's particulars).
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How to cancel the local money transfer?
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Transfer cancelling via Eta bankas:
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You may cancel the transfer yourself until you have not signed it. Select: "Operations"→ "Payment status" in Eta bankas main menu.
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After the transfer instruction is signed by TAN code, the transfer is routed for executing. To cancel the transfer fill in a template "Request to cancel the transfer" in the main menu "Messages" → "New message".
You may also cancel your transfer by filling in and submitting a special application in a Branch or Client Service Unit.
If the money has been transferred to the payee, it will be returned only upon the payee's consent. Transfer cancellation is subject to a fee stated in Ūkio bankas pricelist.
Periodic payments are money orders wired by the bank on a regular basis pursuant to the terms and conditions agreed upon with the client. It is the best method of settlement with service providers who shall receive constant amounts at fixed intervals, e. g. pension funds, securities accounts, insurance, lease or other services.
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What are the benefits of periodic payment service?
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You won't have to make regular visits to the bank; funds from your bank account will be automatically transferred to the payee. You may also make payments on behalf of another person.
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Wire transfer is cheaper compared to the payment order made in the bank's branch.
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You won't have to remember due dates of accounts payable. All your bills for received services will be paid on time.
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You may decide to transfer funds to the accumulation account at fixed intervals.
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Particulars on money transfers will be available in your bank account statements.
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What opportunities are available from Periodic Payment Agreement?
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By entering into Periodic Payment Agreement you may choose a payment amount, fix the payment interval and specify the agreement expiry date.
The amount transferred to the payee may be:
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a constant amount;
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total balance available in the account on the payment day;
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total amount in excess of the least balance that should remain in the account after money transfer to the payee;
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a specified percentage charged to the account balance.
Payment intervals may be:
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specified months of the year (every month, every second month, specific months);
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specified day of the month (daily, certain days of the month);
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specified week of the month (weekly, every day of the week, and specific days of the week).
If necessary, payment terms laid down in the agreement may be altered and payments may be terminated. A separate periodic payment agreement is drawn for each payee.
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How to start using the periodic payment service?
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Visit your nearest Client Service Unit and sign a Periodic Payment Agreement.
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If you do not have an account with Ūkio bankas, you will have a bank account opened free of charge.
For more information on periodic payment service or local money transfers, please contact the nearest Ūkio bankas branch or unit or sent your inquiry via the internet.
