Does AS Magnetiq Bank accept SEPA Instant?
AS Magnetiq Bank (LAPBLV2XXXX, RIGA, Latvia) has been registered for SEPA Instant since 6 December 2021 according to the EPC register.
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Registered for SEPA Instant
Listed in the EPC SCT Inst register. Registration does not guarantee every transfer will be accepted.
- Institution
- AS Magnetiq Bank
- BIC / SWIFT
- LAPBLV2XXXX
- City
- RIGA
- Country
- Latvia
SEPA scheme participation
| Scheme | Status | Readiness date |
|---|---|---|
| SEPA Credit Transfer (SCT) | Registered | 1 November 2010 |
| SEPA Instant (SCT Inst) | Registered | 6 December 2021 |
Latvia is in the euro area. Under Regulation (EU) 2024/886, its banks must be able to receive instant euro transfers since 9 January 2025 and send them since 9 October 2025. Payment and e-money institutions have until 9 April 2027.
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Frequently asked questions
Does AS Magnetiq Bank accept SEPA Instant transfers?
It has been listed in the EPC SCT Inst register since 6 December 2021.
What is the BIC code of AS Magnetiq Bank?
LAPBLV2XXXX.