Information for the payments in euro within the European economic area

Products and Services

Dear clients,

We would like to inform you that the Bank processes all client transfers in EURO within the European Economic Area (EEA), in accordance with the established requirements for SEPA transfers in Regulation (EU) № 260/2012 or through Trans-European Automated Real-time Gross settlement Express Transfer system TARGET2 (TARGET2 transfers).

In connection with the requirements of Regulation (EU) № 260/2012 and the Law on Payment Services and Payment Systems, all outgoing transfers in EURO for countries within the EEA are executed with an IBAN payment account identifier and shared charges (Option SHA – the charges of Tokuda Bank AD are for the account of the remitter and the charges of the other bank are for the account of the beneficiary).