LatviaEUREuro
Transfers to Latvia after 2022 are complex but viable. Citadele and Luminor accept SWIFT without extra requests for standard amounts; Revolut with LV-IBAN is a fast alternative. The Russian-speaking diaspora of Riga is the main audience. Commission from 0.9%.
The route, the receiving bank and the payout amount are agreed before payment.
Latvia is an ATM24 direction with a unique profile: Russians make up about a quarter of the country's population — according to official statistics for 2024, their share was 23.4% — so family and financial ties with Russia are maintained by a significant portion of residents. Transfers are also relevant for property owners in Riga, Jurmala and Liepaja and entrepreneurs working with Latvian companies.
Latvia has been part of the eurozone since 2014 and operates within the SEPA system, however direct SEPA transfer from a Russian bank account is not available. For transfers from Russia, available international routes are used, including SWIFT, provided that the recipient's bank and correspondent banks accept such payments. After 2022, Latvian banks have significantly strengthened AML/KYC controls on operations related to Russia, so the recipient may need documents confirming the source of funds and payment purpose even for relatively small amounts. Latvian IBAN starts with LV and contains 21 characters. Posting via SWIFT through an available route takes approximately 4 to 7 business days after ATM24 confirms your request. Conditions for accepting transfers from Russia vary significantly between banks: for example, Citadele completely stopped processing incoming and outgoing payments from Russia for private individuals, so the possibility of crediting must be verified for the specific recipient's bank before payment. For large transfers, the bank may request a proof of income, source of funds and other supporting documents.
Latvia's payment ecosystem: banks, cards and international transfers. Country — Latvia. Receiving currency — EUR (euro). Sending currency — RUB, USDT and other available currencies. Transfer method — Visa and Mastercard bank cards, bank account with IBAN LV or cash EUR. ATM24 commission — from 0.9%. Response to application — within 15 minutes.
Latvia's payment ecosystem: main payment systems and services. SAMS — the interbank settlement system of Latvijas Banka, used for large bank payments and settlements between financial organizations. Revolut is widely used in Latvia as a digital financial service for EUR accounts and international transfers; availability of a specific incoming SWIFT transfer depends on account details, country of origin and compliance requirements. Paysera — a Lithuanian fintech service available in Latvia offering EUR accounts, IBAN and international transfers. SEPA Instant is used for instant EUR transfers within the European payment zone, however you cannot directly send SEPA Instant from Russian bank details. For transfers from Russia to Latvia, available international routes are used, including SWIFT. Financial supervision in Latvia is carried out by Latvijas Banka; the functions of the former FKTK (Finanšu un kapitāla tirgus komisija) have been integrated into the Central Bank of Latvia since 2023. AML control of the banking sector remains strict, including following the ABLV Bank events in 2018. Banks in Latvia typically operate Mon–Fri from 9:00 to 17:00; most branches are closed on weekends, some may operate on Saturdays approximately from 10:00 to 14:00. Direct SEPA transfer from Russian bank details is not available, so SWIFT and other permitted international routes are used for transfers from Russia.
Visa and Mastercard from banks Citadele, Luminor, Swedbank Latvia, SEB Latvia and others. You need 16 card digits and the recipient's full name in Latin characters exactly as in documents. Citadele and Luminor credit predictably; for Swedbank and SEB, amounts from 3,000 EUR often require AML documents
Bank account at Citadele, Luminor, Swedbank Latvia, SEB Latvia or another Latvian bank. IBAN: LV + 19 characters (21 total); also need the BIC/SWIFT code of the bank. Revolut with Latvian IBAN accepts transfers from SWIFT and is less strict with AML documents
We provide EUR in major cities of Latvia - clarify pickup points with your manager. Recipient comes with passport and pickup code from ATM24. Cash crediting - within minutes after ATM24 confirms your request
For transfers to Latvia, ATM24 uses the SWIFT network in compliance with AML requirements of Latvian banks. Before sending, a manager coordinates the route: for Citadele and Luminor usually without additional documents, for Swedbank and SEB - depending on the amount. We recommend Revolut Latvia as an alternative if the recipient does not have a traditional bank account.
We accept RUB, USD and USDT — we pay out in EUR
RUB EUR
0.009209per 1 RUB
10 000 ₽ = 92.09 EURUSD EUR
0.8176per 1 USD
100 $ = 81.76 EURUSDT EUR
0.8176per 1 USDT
100 USDT = 81.76 EUR| You send | Payout in EUR |
|---|---|
| 100 USDT | 81.76 EUR |
| 300 USDT | 245 EUR |
| 500 USDT | 409 EUR |
| 1 000 USDT | 818 EUR |
| 5 000 USDT | 4 088 EUR |
Where recipients usually get the money in Latvia
Type: Commercial; SWIFT reception: Accepts with AML; Features: SWIFT code HABALV22; strict AML control, documents required from 3,000 EUR
Type: Commercial (SEB Group); SWIFT reception: Accepts with AML; Features: SWIFT code UNLALV2X; subsidiary of Swedish SEB; requires proof of source of funds
Luminor Bank Latvia — a bank focused on everyday accounts and card operations. The recipient should provide the exact details and payout currency.
Citadele Bank — a bank serving personal customers and small businesses. Its services typically include accounts, cards, branches, and digital banking.
Rietumu Banka — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National currency
Latvia's national currency is the euro (EUR), used since 2014; before switching to the euro, the country's currency was the Latvian lat (LVL).
Card systems
Visa and Mastercard are widely used. Maestro is present on debit cards. The country is part of the SEPA zone, which provides inexpensive transfers throughout Europe. Paysera is a Latvian payment company with multicurrency IBAN accounts.
Payment applications
For local and interbank settlements, the infrastructure of Latvijas Banka is used, and euro settlements are integrated into the payment infrastructure of the Eurosystem.
Interbank transfers
Latvia uses SEPA Credit Transfer and SEPA Instant Credit Transfer (SCT Inst) for euro transfers. Banks in the country are connected to TARGET2 for real-time settlements. IBAN is mandatory for all transfers within the eurozone.
Financial regulator
Following the ABLV case in 2018, AML control in Latvia was significantly tightened, so transfers from non-residents from Russia may undergo additional verification and require supporting documents.
Special features for ATM24
Latvia is part of the SEPA zone, and SEPA Instant is used for instant euro transfers within the European payment zone; direct SEPA transfers from Russian bank details are not available.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
Real stories from real people
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Read full reviewUsed the exchange service, the transfer from Russia to China was at a very good rate and within about 15 minutes. I recommend!
Read full reviewMany thanks to the personal manager Alisa, transferred rubles from Sber without commission, picked up bahts at the ATM, everything was clear and prompt. Thank you.
Read full reviewI withdraw money through these guys when traveling in SEA. Pleasant and quick service, the staff will help you figure things out, patiently deal with mistakes. So this is probably the fastest way to turn money from a Russian card into cash in the country where you are
Read full reviewThey transferred promptly at a good rate. Everything is simple. Worked with manager Alisa
Read full reviewWe agree the rate and the payout method before payment — pick where the money goes.
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Answers to popular questions about sending money to Latvia through ATM24
A money transfer to Latvia in EUR through ATM24 starts with choosing how the recipient will be paid on the Latvia EUR payout route. The manager verifies recipient name, payment method, SEB banka, fee from 0.9%, and estimated processing time before payment. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
In Latvia, a EUR transfer may go to a bank-issued card or bank account depending on the receiving bank. ATM24 checks the Latvia EUR payout route through a bank such as SEB banka or Magnetiq Bank and confirms whether card payout, account payout, or only one option is available. The sender pays after that route is confirmed. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
A transfer to Latvia in EUR can be sent to the recipient's bank if that bank accepts the incoming credit. Banks to check for this destination include Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka". ATM24 verifies the bank, account format, recipient name, and payout currency before the sender pays.
Recipient details for Latvia in EUR depend on the bank or payout channel named in the order. ATM24 may need the recipient name, Swedbank Latvia or another bank, account or card data, and payment purpose. The sender pays only after those fields are confirmed. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
For Latvia, a EUR payout may be fast only after the selected channel is checked. ATM24 reviews Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka" plus card or account payout options before giving timing. The manager confirms the expected time before the sender pays. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
For a transfer to Latvia in EUR, the ATM24 service fee starts from 0.9% and is confirmed before payment. The manager calculates the final amount using the Latvia EUR payout route, exchange conditions, recipient bank such as Swedbank Latvia, and sender's payment method. Separate bank or card-issuer fees may still apply outside the ATM24 calculation. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
Yes, the sender can use an available card, bank transfer, USDT, or another confirmed method while the recipient receives EUR in Latvia. The manager checks Swedbank Latvia, SEB banka, payout route, exchange conditions, and final amount before payment. Any card conversion or sending-bank fee remains outside the recipient payout. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
ATM24 accepts transfers to Latvia in EUR from 100 USD or the equivalent. The maximum amount is not a single country-wide number; it depends on the Latvia EUR payout route, bank rules, payout channel, sender payment method, and recipient data. For a large transfer, the manager confirms the limit and documents before the sender pays. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
For Latvia, extra documents for a EUR payout depend on the route through SEB banka, Akciju sabiedrība "Citadele banka", or another confirmed channel. ATM24 may ask for identification, source of funds, recipient details, and payment-purpose wording. The list is confirmed after the amount and bank route are reviewed. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
For Latvia, a 1000 USD transfer can produce a different EUR result depending on the receiving route: 817.59 EUR. The ATM24 calculation includes Magnetiq Bank or another confirmed bank, payout method, fee from 0.9%, and exchange conditions. The sender sees the final amount before payment. Bank-route examples for Latvia: Swedbank Latvia, SEB banka, Akciju sabiedrība "Citadele banka", Magnetiq Bank, and Akciju sabiedrība "Reģionālā investīciju banka".
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