Is a payment to a phone number an instant payment or standard payment?

Currently, as only Citadele has joined the Bank of Latvia’s Instant Link registry, payments between Citadele clients are processed as instant payments - money is transferred within seconds. In the future, once other banks join the scheme, the speed of payment will depend on whether instant payments work between respective banks.

Have more questions?

Call 6701 0000 or write to info@citadele.lv