Current account is the account, which is the centre of all our provided services. A current account is for making money transfers and cash transactions, depositing and managing finances via internet bank.
Advantages
- Safely manage and transfer your company’s funds
- Easy managing in different digital channels as well as opening additional current accounts to separate the funds for different purposes or projects
- Get account statements and transaction information in the most convenient way and format for you.
Multi currency account options
- Receive domestic and cross-border payments either converted into euros or in the received foreign currency
- Add additional currencies and make payments in various currencies from a single account
- Buy and sell foreign currency
Manage your accounts conveniently
Only the administrator of company’s internet bank have rights to manage accounts.
To apply the administrator rights, please contact your client executive, register for a video meeting or visit bank' s service point.
- Change settings of the accounts at any time
- No need to contact the bank and submit applications
- Save financial resources – no commission fee is applied to the changes made in the internet bank
Deposits guarantees
Deposit Guarantee Law stipulates guaranteed compensation to the amount of the deposit (but not exceeding 100,000 EUR) per depositor, if the deposit is not available. Your funds are ensured according to deposit guarantee law which stipulates guaranteed compensation to the amount of the deposit, if the deposit is not available. See more
| Service | Fee |
|---|---|
| Opening:1 | |
|
15.00 EUR/free of charge2 |
|
50.00 EUR |
|
50.00 EUR |
| Servicing per month: | |
|
5.00 EUR/free of charge4 |
|
50.00 EUR |
|
700.00 EUR |
| Closing (including transfer of the account balance to another account at SEB bank) | Free of charge |
| Customer's funds administrating monthly fee for Customer with whom SEB bank is terminated cooperation5 | 75.00 EUR per month |
| Estate late account | |
| Document handling | By agreement, min 150.00 EUR |
| Current account balance fee (hereinafter – ABF)6 | |
| ABF for Legal entities (EUR) (Fee, applicable to total current account balances in EUR exceeding 400 000 EUR) |
ECB deposit facility rate/360 (Days) |
| ABF for Legal entities (SEK) (Fee, applicable to total current account balances in SEK exceeding 4 000 000 SEK) |
Sveriges Riksbank Deposit rate/360 (Days) |
| ABF for Legal entities (DKK) (Fee, applicable to total current account balances in DKK exceeding 3 000 000 DKK) |
Danmarks Nationalbank Certificates of deposit rate/360 (Days) |
| ABF for Legal entities (CHF) (Fee, applicable to total current account balances in CHF exceeding 450 000 CHF) |
Swiss National Bank Policy rate/360 (Days) |
1 For the fees for processing documents related to account opening, see "Processing of Customer's documents".
2 Opening an account remotely, opening of the Current account (unlimited number) – free of charge.
3 Except Payment and Electronic money institutions.
4 Using the Entry offer or Entrepreneur’s plan, servicing of the Current accounts – free of charge.
5 The commission fee is applied if Customer until date mentioned in SEB bank to Customer sent notification not fulfilled SEB bank requirements about account (incl. securities account) balance transferring. Fee is charged each month from funds that are not transferred after SEB bank request to Customer account opened in another credit institution.
6 ABF is calculated at the end of each calendar day, for excess amount of specified threshold for respective currency. ABF would not be applicable should respective central bank’s deposit rate become equal or exceed zero. ABF is debited once a month, and is applied only in cases where Bank individually informs Client 14 calendar days in advance. ABF is paid by Client. Bank does not calculate and pay interest on account balances to Client.
ABF = Excess amount of specified threshold*ECB deposit facility rate in absolute value/360
If Current Account end of day balance is 500 000 EUR and ECB rate is -0.5 %, then ABF for the respective day is 500 000 – 400 000 = 100 000 * 0.5 % / 360 = 1.39 EUR
Documents and requirements for opening an account
The main and one of the most important conditions to open the current account with us is that your company must have a connection with Latvia.
We may ask for additional documentation, information or explanation where this is required (e.g. account statement, documents proving the origin of the funds, information about the group’s structure, beneficiaries etc.) according to local and international laws and regulations as well as to respect “Know your customer principle” before entering or proceeding with business relations.
- Identity documents of the representative – passport or ID card
- Statutes, if the latest version is not available in the Lursoft database
- Registration number of the company
- Certificate of Incorporation, Certificate of registration etc., not older than 3 months
- Notarized Articles of Association, Memorandum of the Company or equivalent documents not older than 3 months
- A proof of identity of the signatory rights holder (authorized representative) – a document valid for travelling into the Republic of Latvia (a passport or ID card)
- Power of Attorney not older than 3 months, in which the notary certifies signatures and the rights of representation if they are not shown in documents available at the state registers or relevant administrative bodies, or General Power of Attorney
- Confirmed copy of Financial Institution License must be submitted, if you are a financial agent or a financial institution
The original documents or their notarial approvals must be submitted. All documents require a translation into the Latvian, English or Russian language with a notarial certification.
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