Current Account

If you have a current account you can:

• add additional currencies and make payments in over 20 currencies from a single account, benefiting from the advantages offered by the multi-currency account;
• make payments easily via internet banking;
• tie payment cards to your current account;
• withdraw and deposit cash from/to the account at depositing/withdrawal ATMs;
• opt for standing order payments to pay your bills, as well as for receiving e-invoices and executing an automated payment thereof via Internet banking;
• get detailed information on the transactions in the account via Internet banking;
• get information on the available cash balance in the account via Internet banking or via SMS banking;
• using Internet banking, you can open several additional current accounts to segregate money for different purposes (such as for building up savings or for limiting the amount of available funds for payment cards to any of your family members, etc.);
• add another person's account via Internet banking, if you are helping to make payments to your parents or if you are willing to monitor the accounts of your children.

How to increase account limits, if I need to transfer sum that exceeds them?

You can manually change transfer limits at any time in the internet bank section ”Accounts/Cards – Current accounts”.

If you need limits that exceed 10 000 EUR monthly and 4 000 EUR daily limit, please fill in the internet bank application for limit change.

You can get information about transactions in the account via:

• your Internet banking
• using the options provided by the SMS banking
• at the branch of SEB banka

Information about Internet banking transactions

Information on all transactions with personal funds is available in the account statement. You can also use the search functionality – select transactions by the recipient, amount, bank, etc. Internet banking account statements are prepared electronically and are valid without signature.

In the card transaction statement information is presented on all of the transactions with the card from your personal funds as well as those granted by the bank.

Whereas information about transactions in which the funds granted by the bank have been used (including the overdraft, the credit card credit limit) is available in section My loans/Statement under the menu “Loans” of your Internet banking.

Information on SMS banking transactions

If you would like to receive information about transactions in your account, we offer our SMS banking services to be received on your mobile phone or by email. You can also select both the information channels, however, separate commission fees will be charged for each of them separately. Via Internet banking you can choose the timing of notifications, the minimum amount for notifications, as well as the manner of providing thereof: incoming or outgoing transactions, payments not made, received e-invoices, etc.

Information about transactions at the branch of SEB banka

If necessary, you can get a statement of all of the transactions carried out in the account for the time period defined by you as well as the types of transactions – payments, cash or card transactions at any branch of SEB banka. The commission fee for this service is applied in accordance with the Common Service Price List.

Deposit Guarantee Law of the Republic of Latvia stipulates guaranteed compensation to the amount of the deposit (but not exceeding 100,000 EUR) per depositor, if the deposit is not available. Additional compensation up to 200,000 EUR is possible for the following deposits of the private person within the period of three months from the date when the initial deposit was made:

1. Income from transactions from the real estate owned by the person and intended for residence;
2. Social benefits, compensations and deposits intended for other social purposes as determined by the regulatory enactments paid to the person;
3. Compensation for criminal damage or wrongful conviction of the person according to the procedure stipulated by the regulatory enactments.

If the depositor has several guaranteed deposits, they are added up and considered as one guaranteed deposit.

The guaranteed compensation is paid only to those depositors whose claim has been recognised by the liquidator or administrator. Unavailability of deposit occurs upon judgement of the court regarding insolvency of the credit institution and initiation of bankruptcy proceedings. The guaranteed compensation is not paid for certain statutory customer deposits, such as deposits of financial institutions, persons associated with the credit institution, their relatives, etc.

Basic information about state guaranteed deposit protection

Deposit Guarantee Law