Changes in the SEB Price list from 3 January 2022

On 3 January 2022, the changes in the SEB Price list as well as changes in the internet bank terms and conditions will come into effect.

Most significant changes in the services for private persons:

• Current account servicing per month will be 1 EUR (now – 0.7 EUR). We would like to remind you that this fee is not applied if you use a customer plan.
• To encourage customers to use remote services, the fees for various services in the internet bank are reduced or cancelled, and the fees for services in a branch are increased:

o The 15 EUR fee for changing of the loan repayment account (relevant for Home loan and Home equity loan) in the internet bank is cancelled.

o Price for cash deposit to account in person in a branch will be 0.5% (min. 10 EUR). For cash withdrawal up to 7500 EUR a fee of 1% will be applied, but for withdrawal above 7500 EUR – a fee of 1.5%.

• First-time servicing in a branch with a power of attorney issued in Latvia will cost 15 EUR, with a power of attorney issued abroad – 50 EUR, but each subsequent service time respectively 7 EUR and 15 EUR.
• Monthly fee for Latvian shares and investment fund units, Baltic securities and shares stored in other foreign depositories (irrespective of the country of the depository) will be the same – 0.015% (min. 1 EUR).
• The first-time inspection of documents for the customers who have a personal identity document issued outside the EEA and who do not have the permanent residence permit in Latvia will be 250 EUR.

Most significant changes in the services for business customers:

• Price for cash deposit to account in person in a branch will be 0.5% (min. 10 EUR).
• For cash withdrawal up to 7500 EUR a commission fee of 1% will be applied, but for withdrawal above 7500 EUR – fee of 1.5%.
• Monthly fee for Latvian shares and investment fund units, Baltic securities and shares stored in other foreign depositories (irrespective of the country of the depository) will be the same – 0.015% (min. 1 EUR).
• The fee for the first verification of documents, as well as the monthly servicing fee, for Payment and Electronic money institutions will be 500 EUR.
• The fee for the issuance of a Guarantee/Stand-by Letter of Credit, if the collateral is cash cover in SEB bank, will be reduced from 120 to 100 EUR.
• The fee for issuance of a Guarantee/Stand-by Letter of Credit, if it is issued in accordance with the template provided by the customer, is cancelled.

More information about the changes in the SEB Price list and internet bank terms and conditions for private customers is available on seb.lv/en/cenradis2022 but for legal entities – on seb.lv/en/cenradis2022-biz.

If you have any questions or concerns, please contact us by writing a message in internet bank or by using the chat on our website.