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Latvian
Bank Basic
Information
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Location
Riga,
Latvia
Accounts
Current
and savings
accounts.
Credit
and Debit Cards
Credit
cards available - Visa, MasterCard, American Express. The bank usually
requires an interest-bearing security deposit for each issued credit card.
Debit
cards available - Visa Electron and Maestro. No security deposit is
required for debit cards.
Required
Corporate Documents
Our company
prepares all required corporate documents according to bank requirements. No single application of our
clients has ever been rejected due to problems with corporate documents.
Required Personal Documents and Information
1) A copy of
the valid passport or European Union country national identity card (photo
and signature pages are required) notarized and legalized with Apostille
of each account signatory.
2) Bank
Signature Card notarized and legalized with Apostille for each account
signatory. Our company provides Signature Card Form.
3)
Evidence of residential address (an original utility bill, bank statement
or credit card statement less than 3 months old with individual’s name
and residential address) of each
account signatory.
4)
Absolutely clear and detailed description of company's current and/or
planned business. The description should explain to the bank nature of the
business and how the company is going to earn money.
The
above documents and information are mandatory.
The
bank could request any additional information and documents at its
discretion.
If
the documents and/or information are not provided by the client, such
application will be rejected by the bank.
Personal
Visit
No personal visit to the bank is
required. You will be required to send the documents directly to the bank
by courier (preferable) or mail.
Minimum
Deposit
No
minimum deposit required for all current accounts.
A
minimum deposit of US$10,000 is required for most savings accounts.
Account management
Clients
manage their accounts through a very sophisticated Internet banking.
Clients could also manage
accounts over the phone, fax, mail and modem.
Customer
Service Languages
English, Latvian, German, French
and Russian.
Time
Required for Opening of Account
Usually 3
to 5 business days from receiving and acceptance of all required
information and documents specified above.
Banking
Secrecy
Banking
secrecy is strictly enforced by law.
Bank Fees
Account
opening Fee
The bank will
charge an account opening fee of EUR 100 (one time fee).
This amount
will be deducted from your first incoming transfer to the account.
Monthly
Service Fee
Free of
charge if average balance of account per month is more than EUR10,000 or
average turnover per month is more than EUR50,000. Otherwise, the monthly
fee is URR50.
Cash
withdraw at ATMs
1,5% (min EUR
3).
Wire
Transfers
1) Incoming
wire – free
2) Outgoing
wire
USD - 0.2%,
min - US$20, max - US$40
EUR - 0.2%,
min – EUR 20, max – EUR 45
Internet Banking
Connection –
EUR 50 (one time fee)
Issue of
digital certificate – EUR 25 (one time fee)
Monthly
fee – EUR 8.
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