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Contactless credit card
Mastercard Business

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It checks all the boxes

Convenient way to use company’s money and additional resources with a credit limit, granted by the bank
Useful for everyday payments – fuel, taxi, office supplies or business dinners
Support for your business trips – pay for hotels and flight tickets, book rental cars, purchase vignettes and pay the road tax
Effective several credit cards management - order them for employees and individually adjust limits and allowed transactions

Types of repayment schemes

Credit line

The amount of the credit limit is from 50 EUR up to 200% of your monthly net income.

You may repay the used amount of the credit line to the bank gradually – in the period from the 5th to 15th day of the following month, by repaying only 5% of the used credit limit. 21% interest rate on used credit limit, contractual penalties and late payment interest according to price list are deducted together with the principal.
 

 

Interest-free credit card

The amount of the credit limit – from 50 EUR up to 100% of your monthly net income.

You may use the interest-free credit limit free of charge for up to 45 days – if you pay back the used credit limit amount by the 15th day of the next month, no interest will be charged, and the full credit limit will be available again.
 

Maksājumi ar viedtālruni

  • Pievienojiet karti Apple Pay vai Android Wallet
  • Norēķinieties veikalos, nopīkstinot telefonu pie maksājumu termināļa
  • Maksājumi līdz 150 eiro Latvijā un ārzemēs

In case you lost your card

  • Block the card by using either mobile app or Internet Bank, or report this immediately by calling +371 26668777
  • In case you still can’t find your card, a new one can be ordered in Internet bank for business
  • If you need to make some urgent payments with your card, consider creating a temporary card

 

  • Order a temporary card in any SEB branch (please, book a visit in advance for your convenience)
  • Withdraw cash from SEB banka’s ATMs using temporary card until the replacement for your business payment card will be issued

Travel insurance for your additional needs

Travel insurance can be purchased with your credit card

Learn more about travel insurance

Service Fee
Fee for preparing a card/additional card, if activated in a bank’s branch or by calling the customer’s centre 10.00 EUR
Fee for preparing a card/additional card, if activated in the internet bank, mobile app or ATM 5.00 EUR
Fee for use of the card/additional card (per month)1 5.00 EUR
Replacing a card/additional card, if activated in a bank’s branch or by calling the customer’s centre 15.00 EUR
Replacing a card/additional card, if activated in the internet bank, mobile app or ATM 10.00 EUR
Commission for purchase in Latvia and abroad Free of charge
Cash withdrawal in another bank 2%, min 4.00 EUR
Cash withdrawal at ATMs  2%, min 4.00 EUR
Cash withdrawal at business operators' outlets 2%, min 4.00 EUR
Cash deposit at SEB bank’s ATM:
  • up to 6,000 EUR within one calendar month for all customer's accounts
Free of charge
  • upon exceeding monthly credits of 6,000 EUR for all customer's accounts
0,1% of transaction amount
Changes in the credit card agreement (submitted to the branch) 10.00 EUR
Changes in the credit card agreement (submitted in internet bank)2 Free of charge
Reviewing an application of credit limit increase 10.00 EUR
Service I Interest-free credit limit II Credit line III Fixed payment3
Fee for the used credit limit (per year) 0% 21% (1,75% per month) 24% (2% per month)
Late payment interest 14.23 EUR +
60% per year (5% per month)
7.11 EUR +
36% per year (3% per month)
7.11 EUR +
36% per year (3% per month)
Contractual penalty 14.23 EUR +
60% per year (5% per month)
7.11 EUR +
36% per year (3% per month)
7.11 EUR +
36% per year (3% per month)
Monthly repayment amount 100% 5% Fixed in compliance with the agreement

Others charges and terms related to Mastercard Business

Service Fee
Fee for sending card/ additional card by post:
  • Within the territory of Latvia
0.00 EUR
  • Abroad
6.00 EUR
Reviewing a complaint4, 5 Free of charge
Change of PIN code in SEB bank’s ATMs Free of charge
Fee for unblocking PIN code of a card in SEB bank’s ATMs, if the PIN has been entered incorrectly for 3 consecutive times while using POS terminal Free of charge
Change of card transaction limit within SEB bank's standard limit (branch)6 5.00 EUR
Change of card transaction limit above the standard maximum limit set by SEB bank6 10.00 EUR
Consideration of a loan application Free of charge
Checking the account balance through ATMs of:
  • SEB bank
Free of charge
  • other banks in Latvia
0.45 EUR
  • other banks abroad
1.00 EUR
Fee for urgent card issue7 30.00 EUR
Surcharge on currency exchange when the currency of the card’s main account is not that of the transaction currency8 3%
Calculation period 1 month
Payment period 14 days (starting from the first date of the month)

The limit of transactions within one calendar month includes purchased and cash withdrawal transactions of 10,000 EUR.

Total cash deposit limit in ATMs with all customer’s cards is 9,000 EUR per month.9

For other services (current account maintenance, transactions in the account, processing of the customer’s documents etc.) which SEB bank provides to customers in relation to payment card servicing, the customer pays in accordance with SEB bank’s General Price list for Corporate Customers.

A maximum of 200 banknotes can be deposited in an ATM in a single deposit transaction.


 
1 Charged starting from the second month of using the card/additional card.

2 Except increase of the credit limit.

3 From December 2017 new cards with a fixed payment refund scheme are not offered.

4 If processing of the complaint involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.

Application shall be deemed received by us:

  • on the current working day if the application is submitted and received before 16:00;
  • on the next working day if the application is submitted after 16:00.

In case working day is shortened according to the law, the above deadline shall be one hour prior to end of the shortened working day.

6 Includes changes in POS, ATM and monthly spending limits.

7 If the card is ordered on business day by 12:00, it will be available at the Rīdzene branch on the same day after 16:00. If the card is ordered after 12:00, it can be received at Rīdzene branch on the next business day after 16:00.

8 Information about exchange rates is available on the home page of International card organizations https://www.mastercard.com/global/currencyconversion/index.html and https://www.visaeurope.com/making-payments/exchange-rates.

9 SEB bank has the right to unilaterally reduce or increase the cash deposit limit upon evaluation of the Customer's business and personal activities.

Frequently asked questions

  • With a new contactless card, the first transaction shall be made at an ATM or POS terminal at the merchant as usual – the card must be entered into the terminal and transaction confirmed with a PIN. After the first transaction with the PIN code the contactless function is activated and it is possible to make contactless payments.
  • You can enable (and disable) the contactless function of a credit card in internet bank, mobile application and at a branch.
     

Contactless payments in SEB are secure. Further security is ensured by the contractual purchase limits and various restrictions, which you can apply depending on your consumption habits.

The card is valid for four years. Upon expiry, we will issue you a new card in advance automatically and inform you about the methods of delivery.

You can assign the credit card monthly usage limit in internet bank for business or in branch and change them according to your needs. Monthly usage limit is the amount, within which it is possible to use the card for payments and withdrawal of cash from ATMs in one month.

Have a question about cards?

 

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