|
ABLV Bank, AS 23 Elizabetes Street Riga, LV-1010, Latvia |
Tel: +371 6777 5222 Fax: +371 6777 5200 Client line: +371 6777 5555 E-mail: info@ablv.com www.ablv.com |
|
ABLV Bank, AS 23 Elizabetes Street Riga, LV-1010, Latvia |
Tel: +371 6777 5222 Fax: +371 6777 5200 Client line: +371 6777 5555 E-mail: info@ablv.com www.ablv.com |
From the whole range of banking transactions, all of us definitely use settlement and cash services — regardless of our location, age and marital status.
Nowadays, money are an integral part of our lives. We offer settlement and cash services that allow you manage your personal and business funds easily and efficiently.
For your convenience, we offer a wide range of settlement services: payments, account balance maintenance, currency exchange, regular payments, cheques, and other services. Thus you can always find a proper solution for performing your money transactions.
Contact your private banker to receive a solution
tailored exactly to your needs!
We know that you need funds transferred to your account to be at your discretion as soon as possible, and that is why we credit payments in major currencies to your account on the day those are received. Not less important is to ensure that funds sent by you reach beneficiary without delay.
Due to continual execution of currency exchange transactions and wide partner network, we can exchange virtually any amount at favourable rate.
Cash withdrawal or deposit, as well as any operations with bank notes, are carried out in ABLV Bank central office and all loans centres. We accept USD cheques from other banks.
Now you need not check your account balance time and again when awaiting funds to be credited to your account — just get this information to your mobile phone or e-mail.
But even after receiving a
credit memo for payment in favor of our client, we never exactly know how long
it will take a transfer to get to our correspondent account.
One Friday, with the
weekend ahead and a holiday on Monday, the ship is in the port waiting for coal
loading but an incoming transfer from Europe is not on the account. Time passes,
and it is necessary to make a timely outgoing payment to be seen in Ukraine not
to reschedule the loading on Tuesday. In that case all costs associated with
considerable demurrage of a vessel will burden our client.
Since we know the client very
well and the entire cash flow of his business passes through our bank, we offered
him an unsecured overdraft. Ukrainian suppliers got the money the same day and
began loading.
The client received the
prepayment from Europe an hour before the end of the working day, so the
Ukrainian partners could hardly have money on their account the same day. But
since the money came and the overdraft was repaid, the client has paid only 50
euros for getting the overdraft and save 30 000 USD.
Head of Private Banking Department Center II
According to a credit note the funds passed through the chain of correspondent banks. We could able see that funds only on our correspondent account, and we didn’t find them there. We immediately began to investigate the situation: our Payment Investigation Department made a request for investigation of the payment to the correspondent bank of the sender, and got explanation that the amount had came with incorrect details.
Due to the effective work of all participants of the process, the amount under investigation entered our correspondent account in the same business day, the client was immediately granted an overdraft, and its outgoing payments posted on time.
The client was pleasantly surprised by our efficiency, because, as he said, the similar process with another bank would have taken few days.
Head of Private Banking Department Center I
