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Changes in SEB price list for business customers

On 1 September 2022 the new service fees for legal entities as well as changes in the internet bank, and payment cards terms and conditions will take effect. Please find the details of the updates for business customers below.

Change in fees

The new pricelist of SEB services and transactions for business customers will take effect on 1 September 2022.
The new fees in comparison with the earlier ones are presented in the table below.

Current account

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Opening1:
- to non-residents (per each account) 35.00 EUR 50.00 EUR
- for companies that have started insolvency or liquidation process - 50.00 EUR
- in SEB Group outside Latvia By agreement, min 50.00 EUR -
First verification of documents:
- for residents – legal entities registered in Latvia, whose owners, beneficial owners or signatory persons have not received an identity document or residence permit in Latvia;
- for non-residents – legal entities which are not registered in Latvia.
By agreement, min 500.00 EUR By agreement, min 700.00 EUR
- for Payment and Electronic money institutions 500.00 EUR 700.00 EUR
Servicing per month:
- for non-residents legal entities (taxpayers) established in the EEA and outside the EEA 30.00 EUR 50.00 EUR
- for Payment and Electronic money institutions 500.00 EUR 700.00 EUR
Customer's funds administrating monthly fee for Customer with whom SEB bank has terminated cooperation2 50.00 EUR per month 75.00 EUR per month

1 Minimum opening deposit is 20.00 EUR or its equivalent in another currency.
2 The commission fee is applied if Customer has not fulfilled SEB bank requirements about account (incl. securities account) balance transfer until date mentioned in SEB bank's notification sent to Customer. Fee is charged each month from funds that are not transferred to Customer account opened in another credit institution according to SEB bank request.


Escrow account

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Re-entering the agreement or changing the terms of agreement By agreement, min 35.00 EUR By agreement, min 50.00 EUR


Estate late account

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Document handling 100.00 EUR By agreement, min 150.00 EUR
Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
SMS message (for each) 0.09 EUR 0.13 EUR
E-mail message (for each) 0.09 EUR 0.13 EUR

Intrabank payment in branch

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Between accounts of one customer at SEB bank (incl. transfers to a savings deposit) 3.00 EUR1 5.00 EUR1
To another customer's account at SEB bank if the customer has applied for the Entrepreneurs plan 3.00 EUR 5.00 EUR
To another customer's account at SEB bank 3.00 EUR 5.00 EUR
Currency exchange within one account 3.00 EUR 5.00 EUR

1 Transfer to a deposit account is free of charge.


European payment in branch

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Standard SEPA payment if the customer has applied for the Entrepreneurs plan (a certain number depending on the type of the plan) 4.00 EUR 5.00 EUR
Standard SEPA payment 4.00 EUR 5.00 EUR

Documents on account transactions

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Preparation of an account statement or account reference for a set period up to and including December 31, 2013 5.00 EUR (at the Bank's branch) -
Preparation of an account statement or account reference for a set period from January 1, 2014 (including merchant account statement) Free of charge (in electronic channels) / 0.40 EUR for 1 page, min 3.00 EUR (at the Bank's branch) -
Preparation of an account statement or account reference (including merchant account statement):
- In electronic channels - Free of charge
- At the Bank's branch - 0.40 EUR for 1 page, min. 8.00 EUR
Sending account statement or account reference:
- E-mail - 3.00 EUR
- By post:
   - Within the territory of Latvia - 0.40 EUR for 1 page, min 4.00 EUR
   - Abroad - 0.40 EUR for 1 page, min 10.00 EUR


Processing of documents 

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Printing / confirmation of executed payment orders 2.00 EUR for each issue and / or confirmation of a payment order 5.00 EUR for each issue and / or confirmation of a payment order
Identification of the customer's representative in the Branch of SEB Lithuania or SEB Estonia1 - 150.00 EUR (plus VAT 31.50 EUR)
Servicing with powers of attorney 10.00 EUR (plus VAT 2.10 EUR) – fee for receipt (verification) of the power of attorney for the first time; 5.00 EUR (plus VAT 1.05 EUR) – for each subsequent service time -
Servicing with a power of attorney issued in Latvia - 15.00 EUR (plus VAT 3.15 EUR) – fee for receipt (verification) of the power of attorney for the first time; 7.00 EUR (plus VAT 1.47 EUR) – for each subsequent service time
Servicing with a power of attorney issued abroad - 50.00 EUR (plus VAT 10.50 EUR) – fee for receipt (verification) of the power of attorney for the first time; 15.00 EUR (plus VAT 3.15 EUR) – for each subsequent service time

1 Fee is charged for the identification of each representative.

Mastercard Business Credit cards

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Cash deposit at SEB bank’s ATM:
- upon exceeding monthly credits of 6,000 EUR for all customer's accounts 0,1% of transaction amount 0,2% of transaction amount 



Mastercard Business Payment cards

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Cash deposit at SEB bank’s ATM:
- upon exceeding monthly credits of 6,000 EUR for all customer's accounts 0,1% of transaction amount 0,2% of transaction amount 


Temporary card

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Cash deposit at SEB bank’s ATM:
- upon exceeding monthly credits of 6,000 EUR for all customer's accounts 0,1% of transaction amount 0,2% of transaction amount


Other charges and terms related to payment cards

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Fee for sending card/additional card by post:
- Within the territory of Latvia Free of charge 1.00 EUR 
- Abroad 6.00 EUR 10.00 EUR

Letters of Credit


Letters of Credit line

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Processing of the Letter of Credit line, increasing the limit 0,5%, min 150.00 EUR -
Term prolongation for a Letter of Credit line 0,2%, min 150.00 EUR -
Other changes to the Letter of Credit line agreement upon the customer's request 0,5%, min 50.00 EUR -
Processing of the Letter of credit line/its amendments - By agreement

Import Letters of Credit

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Letter of Credit utilization, type of collateral: cash cover in SEB bank 0,2% of the amount of the Letter of Credit, min 70.00 EUR 0,2% of the amount of the Letter of Credit, min 70.00 EUR1

1 Account balance fee shall be applied for the balance of funds in the accounts as indicated in SEB bank's General Price list for Corporate Customers..


Export Letters of Credit

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Payment under assignment of proceeds - 20.00 EUR

Guarantees/International guarantees


Guarantee line

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Processing a guarantee line, increasing the limit 0,5%, min 150.00 EUR -
Term prolongation for a guarantee line 0,2%, min 150.00 EUR -
Other changes to the guarantee line agreement upon the customer's request 0,5%, min 50.00 EUR -
Processing of the Guarantee line/its amendments - By agreement


Guarantees/International guarantees/Stand-by letters of credit

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Issuance of Guarantee/Stand-by Letter of Credit, type of collateral: another collateral 1%, min 190.00 EUR By agreement, min 190.00 EUR
Guarantee utilization fee, type of collateral: cash cover in SEB bank min 1% per year, min 70.00 EUR min 1% per year, min 70.00 EUR1
Amendment/cancellation of a Guarantee upon the customer's request 70.00 EUR -
Amendment/cancellation of a Guarantee - 70.00 EUR
Verification of the authenticity/cancellation/processing of other information of a Guarantee issued by another bank upon the customer's request 100.00 EUR -
Verification of the authenticity/cancellation/processing of other information of a Guarantee issued by another bank upon the customer's request in case SEB bank is not the advising bank - 100.00 EUR

1 Account balance fee shall be applied for the balance of funds in the accounts as indicated in SEB bank's General Price list for Corporate Customers.

Investment loan/Working capital loan

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Uninsured collateral maintenance1 10.00 EUR per month 20.00 EUR per month

1 Commission fee is applied if the collateral is not insured (insurance policy is not provided to the bank) more than 30 days since expiration of the previous insurance policy.


Additional services

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Document submission for registration of the pledge 50.00 EUR -
Document submission for registration of the pledge in paper format - 50.00 EUR

Brokerage fees for orders submitted to the Internet bank in the stock exchanges of the following countries

Service Price until August 31, 2022 (inclusive) Price from September 1, 2022
Scandinavian and German shares 0,25%, min 15.00 EUR 0,25%, min 10.00 EUR
USA shares 0,25%, min 15.00 EUR, fee cannot be less than 0.015 USD per share 0,25%, min 10.00 EUR, fee cannot be less than 0.015 USD per share