Individuals

1.Service Of Accounts

In force from 01.12.2022.

1.1. Opening and closing of a current account

No. Services Price list in EUR
1.1.1. Consideration of documents1 and opening of a (multicurrency2) current account3 25,00 EUR
1.1.1.1. Additional commission fee for initial examination of documents for a person who is not a citizen of the EU, EEA or Switzerland1;4 300,00 EUR
1.1.2. Closing of a (multicurrency) current account 5,00 EUR
1.1.3. Obtaining information from another source that is necessary for checking the Customer's compliance and account opening actual costs (min. 5,00 EUR)

1.2. Current account maintenance

No. Services Price list in EUR
1.2.1. Maintenance of a current account5;6;7 1,00 EUR /per month         
1.2.2. Maintenance7 of an inactiveaccount 10,00 EUR /per month
1.2.3. Obtaining information from another source that is necessary for checking the Customer's compliance or processing the correspondent bank's request for customer or account servicing actual costs (min. 5,00 EUR)
1.2.4. Fee for storage of funds for the Customer with whom the Bank terminates cooperation 50,00 EUR per /month

1.3. Opening and maintenance of a Commercial Activity Income Account9;10

No. Services Price list in EUR

1.3.1.

Consideration of documents and opening of a account

15,00 EUR

1.3.2.

Maintenance of a account

5,00 EUR/ per month

1.3.3.

Transfers to the single tax account (automatic payment of tax, simplified tax payment solution)

free of charge

1.4. Account statements

No. Services Price list in EUR
1.4.1. Receiving an account statement in the Internet banking free of charge
1.4.2. Receiving an account statement in the Bank  
1.4.3. for a period of up to 12 months 0,50 EUR for one copy (min. 5,00 EUR)
1.4.4. for a period of over 12 months 0,50 EUR for one copy (min. 10,00 EUR)
1.4.5.

Issuance of an account statement, upon Customer's request, if the account is closed

1,00 EUR for one copy (min. 10,00 EUR)

1.5. Enforcement actions provided for in the law

No. Services Price list in EUR
1.5.1. Acceptance of bailiff's order or State Revenue Service's collection order for enforcement   50,00 EUR
1.5.2. Compulsory transfer of money pursuant to a bailliff's order or State Revenue Service's collection order, in accordance with the procedure set in regulatory enactments  according to the Money transfers price list in the Bank

1.6. Other tariffs related to the management of ML/TF/PF (money laundering, terrorism financing and proliferation financing) risk and sanctions risk

No. Services Price list in EUR
1.6.1. Penalty for failure to submit documents or information, as requested by the bank and required for the management of the customer's ML/TF/PF (money laundering, terrorism financing and proliferation financing) risk and sanctions risk, within the term or in the amount specified by the bank 25,00 - 500,00 EUR                                                                                                           
1.6.2. Fee for each case when the bank has to perform customer due diligence or enhanced customer due diligence11 10,00 - 500,00 EUR
1.6.3. Fee for additional due diligence/ compliance check of the customer/ activity/ transaction / payment partner/ documents12 100,00 EUR/per hour

1 In case of refusal by the Bank to open an account, the fee for consideration of documents will not be paid back.
2 It is possible to handle funds in several currencies specified by the Bank.
3 The Bank has the right to charge an additional commission fee for opening an account in an accelerated order (opening an account in an accelerated order is possible within 2 business days after submitting the full set of documents to the Bank).
4 Does not apply to a person who has a permanent residence permit issued by the Republic of Latvia, except for citizens of Russia or Belarus.
5 To customers with whom a deposit agreement has been concluded the fee for maintenance of a current account is not applied during the term of the agreement.
6 The account maintenance fee is charged on the last business day of the month for the current month. If the account is closed, the Bank shall deduct the above-mentioned commission fee for the current month on the date of closure of the account.
7 The current account servicing and maintenance fee is not applied if the average balance of funds within the current month in all the customer's current accounts in total exceeds 10,000 EUR or its equivalent in another currency according to the exchange rate set by the Bank.
8 Inactive Current account is an account in which no incoming or outgoing non-cash payments or cash transactions are made within 6 months, and the operation of the account is not related to the performance of other operations in the bank.
9 For private individuals registered with the State Revenue Service as a performer of economic activity and not registered as a value added tax payer and the turnover does not exceed EUR 40 000 per year.
10 All other tariffs are according to the Bank's price list for legal person customers - residents of Latvia.
11 The amount of the fee is unilaterally determined by the Bank, depending on the complexity and risk factors of the customer/ activity. Higher fees are charged for higher risks.
12 The amount of the fee for due diligence or the conduct of verification is unilaterally determined by the Bank according to actual time used.

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