Latvia Private Bank account:

 

Set of bank forms necessary to be completely filled and signed for opening a private account are:

- Current account agreement;
- Authorised signature sample card;
- Client's Questionnaire;
- On-line banking application.

Documents necessary to be provided to the Bank for opening a private account are:

- copy of officialy recognised ID document in Your residence country

The signature of the client opening the account remotely HAVE TO BE Notarised and Apostilled.
This can be done in two ways:
- Notarising and getting to be Apostilled completely filled Authorised signature sample card, or
- Notarising Your signature at Notary Public and getting to be Apostilled the issued document which says : ""I, ..... confirm the signature of ...... identified by passport Nr. 123456, issued at 01/01/03, with expiry date of 01/01/08  by .....  a copy of which is attached hereto"
Thus, in both ways, the ID document will be Notarised and Apostilled itself as it was used for identification of the client (You).

Notarization has to be made in English or, should this be impossible, officially translated to English language.

If You are not familiar with the term 'apostille'  and You would like to get some detailed information about it You could take a look in a WEB site
http://hcch.e-vision.nl/index_en.php?act=conventions.text&cid=41&zoek=Apostille

An Apostille is the official state certification of the notarization which makes notarized documents legally valid in all countries member to the Hague Convention on abolishing the requirement of legalization of public documents.

 

The cost of current account opening remotely consist of:
 

Opening and closing of current account
Opening of current account in Latvia 100 EUR
Opening of current account outside of Latvia information at the bank
Current account closure fee 100 EUR


Maintenance of current account
Current account maintenance Free of Charge
Maintenance of dormant* account Free of Charge
* no operations during last 12 months
Issue of chequebook 5 EUR
Account statements Free of Charge
Current account interest
Account balance exceeding 10 000 LVL 2.5 % Annually
Account balance exceeding 100 000 USD (or EUR) 1/2 overnight LIBOR
Account balance exceeding 2 500 000 RUB 2 % annually
Standing Order
Order registration 5 EUR
Additional transaction charge free of charge


Cash operations
Cash deposit into account
LVL (Latvian Lat) into own account free of charge
LVL (Latvian Lat) to 3rd party account 0.30 LVL
EUR, USD Free of Charge
AUD, CAD, CHF, DKK, GBP, JPY, NOK, SEK, LTL, EEK, CZK, PLN 0.5 %, min 1 LVL
Cash withdrawal
LVL 0.1 %, min 0.50 LVL
AUD, CAD, CHF, DKK, GBP, JPY, NOK, SEK, LTL, EEK, CZK, PLN To be agreed
EUR
Up to 100 000 EUR 0.5 %
Over 100 000,01 EUR 0.4 %
USD
Up to 100 000 USD 0.5 %
Over 100 000,01 USD 0.4 %
Other cash operations
Substitution of outdated USD bank-notes (issued 1928-88) 3 %
Authentication of bank-notes 0.10 LVL per bank-note
Coins exchange (for every 100 coins) 0.25 LVL, min 1 LVL
Substitution of damaged bank-notes
USD 3 %
EUR 4 %
Deposit of coins into account
Up to 300 coins Free of Charge
For every 100 coins over 300 per day 0.25 LVL, min 1 LVL


Current accounts in Bank are multi-currency and You can have under one account number as much currencies as You wish.
 
These were general guidelines about the current account opening procedure.

If You would like to apply for the debit or credit card additionaly You should fill one more form what is:
- Application for the opening of a VISA, Eurocard/MasterCard, Maestro, Visa Electron account and card issuance, and/or
- Application for the opening of a Cirrus card account and card issuance



Frequently Asked Question:

 

Is this Bank secured?

I can truly confirm that banking system in Latvia is regulated by government and Financial and Capital Market comission (please visit http://www.fktk.lv/en/ ).

Will I have dedicated account manager?
Yes, you will have Your own, English/German speaking account officer and You can contact the Bank for most of Your questions or problems to be solved. 

 

Our referring fee only EUR 69 Click here to Order Latvian Bank Account 

 

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