Payment Orders

Danske Bank is now focused on serving subsidiaries of Nordic corporate customers and international corporations in the Baltic States. Due to our chosen strategy, we will not be entering into new service agreements with local business and private customers and we are planning to gradually stop offering everyday banking products to them, incl. payment orders.

How does it work?

  • Regardless of the type, is it a domestic payment or EU payment, they are equally easy to initiate through Danske eBank menu item ‘Payment’
  • Use IBAN number to initiate the payment. IBAN is used for all accounts in Europe and it starts with a two-letter state specifier and contains the bank code, beneficiary’s account number and check digit
  • Use payment order import function to import more payments
  • Use Optimal Payment service to save money on your transactions. Our system will check whether the beneficiary has an account with Danske Bank when making a payment. Contact us for such possibility

Payment Order in Euros

  • How long does it take to transfer money?
    • Intra-bank payments and payments between Danske Bank accounts in Lithuania, Latvia and Estonia are instant. The payment order is processed immediately, any calendar day including non-business days.
    • Payments to the another bank will be executed as follows: 
      - If the bank accepts payment order before 4:30 p.m. - on the same banking day.
      - If the bank accepts payment order after 4:30 p.m. also if the payment is made on a non-banking day - on the next banking day.
    • Urgent payment in EUR to banks registered in Lithuania that is accepted by the bank before 5 p.m., are transferred immediately and the payment amount should be visible on the payee's account in another bank no later than after 30 minutes.

    In principle, bank cannot take responsibility for payees’ banks but in accordance to the law the payees’ banks must credit payee’s account immediately after the bank`s receipt of the payment order.

  • Countries where outgoing EU payments can be made
    Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, French Guyana, Germany, Gibraltar, Greece, Guadeloupe, Hungary, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Monaco, the Netherlands, Norway, Poland, Portugal, Reunion, Romania, Switzerland, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
  • Revocation of payments

    A customer may submit a request to revoke EUR payment after it has been submitted to the bank. The application of payment revocation can be fill in via Danske eBank. There should be mentioned the details of the initial payment order.

    • If the amount of a payment transaction has not been transferred to the payee’s bank – Danske Bank will re-credit the payment amount to the payer’s account.
    • If the amount of a payment transaction has already been transferred to the payee’s bank – Danske Bank is able only to recall the payment and will return the payment amount to the payer only after the payment is returned and refunded to the bank.

    Fees for processing of the payment order will not be reimbursed. Service fee for revocation will be debited from payer’s account in accordance to the Price List regardless of whether the bank was successful or not in returning the payment amount to the customer.