Banking services with Russia

LHV Pank will not make or accept payments from Russian banks. We return the received payments to the payer. The restriction applies to any currency as well as subsidiaries of Russian banks that may be registered or operate outside Russia.

No it is not possible as Mastercard, a partner of LHV bank cards, has suspended its operations in Russia.

No it is not possible as Mastercard, a partner of LHV bank cards, has suspended its operations in Russia. At present, bank cards issued in Russia can only be used to pay in Russia.

You can read more about how your assets in LHV are protected on our website.

The receipt of the money by the recipient primarily depends on when the payment was due to arrive, or the value date of the payment. You can check the terms of receipt of foreign payments made from LHV on our website.

If the sanctions had been imposed on a bank participating in the payment by the value date, it is very likely that the money will be returned to the payer. The movement of payments may also be disrupted due to the restrictions established by the correspondent banks used.

NB! The sanctions imposed by the European Union on Rossiya Bank, Promsvyazbank and VEB.RF are an exception. Return payments are currently “frozen” and the return of the money may be a lengthy process.

It is important to keep in mind that the full address of the recipient also has to be stated for payments made to Russia and Belarus.

The receipt of the money by the recipient primarily depends on when the payment was due to arrive, or the value date of the payment. Information about the value dates of payments can be obtained from the respective Russian bank.

If the sanctions were already imposed on a bank participating in the payment by the value date, it is very likely that the money will be returned to the payer. The movement of payments may also be disrupted due to the restrictions established by the correspondent banks used.

NB! The sanctions imposed by the European Union on Rossiya Bank, Promsvyazbank and VEB.RF are an exception. Return payments are currently “frozen” and the return of the money may be a lengthy process.

It is important to keep in mind that the full address of the recipient also has to be stated for payments made to Russia and Belarus.

The receipt of the money by the recipient primarily depends on when the payment was due to arrive, or the value date of the payment. You can check the terms of receipt of foreign payments made from LHV on our website.

If the sanctions were already imposed on a bank participating in the payment by the value date, it is very likely that the money will be returned to the payer. The movement of payments may also be disrupted due to the restrictions established by the correspondent banks used.

NB! The sanctions imposed by the European Union on Rossiya Bank, Promsvyazbank and VEB.RF are an exception. Return payments are currently “frozen” and the return of the money may be a lengthy process. The money may remain frozen as long as the sanctions are in force.

It is important to keep in mind that the full address of the recipient also has to be stated for payments made to Russia and Belarus.

The receipt of the money by the recipient primarily depends on when the payment was due to arrive, or the value date of the payment. Information about the value dates of payments can be obtained from the respective Russian bank.

If the sanctions were already imposed on a bank participating in the payment by the value date, it is very likely that the money will be returned to the payer. The movement of payments may also be disrupted due to the restrictions established by the correspondent banks used.

NB! The sanctions imposed by the European Union on Rossiya Bank, Promsvyazbank and VEB.RF are an exception. Return payments are currently “frozen” and the return of the money may be a lengthy process. The money may remain frozen as long as the sanctions are in force.

It is important to keep in mind that the full address of the recipient also has to be stated for payments made to Russia and Belarus.

Yes, the National Guarantee Fund will guarantee up to 100,000 euros per customer in a war situation. You can read more on the website of the Guarantee Fund.

The rouble currency exchange restrictions will apply until the end of the restrictions arising from the sanctions. Unfortunately, it is currently not possible to forecast a more exact date.

The payment restrictions will apply until the end of the restrictions arising from the sanctions. Unfortunately, it is currently not possible to forecast a more exact date.