Basic service when starting cooperation with bank
A current account is used to receive your salary, pension, social benefits, and other regular income, for safekeeping of cash, as well as to make payments easily via Internet banking and to engage in cash transactions. You can use your spare money to build up savings, as well as to try out contemporary investment opportunities.
New account can be opened via internet bank or at SEB customer service points.
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;
You can get information about transactions in the account via:
- your internet bank
- mobile app
- using the options provided by the SMS bank
- at the SEB customer service points
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:
- Income from transactions from the real estate owned by the person and intended for residence;
- Social benefits, compensations and deposits intended for other social purposes as determined by the regulatory enactments paid to the person;
- Compensation for criminal damage or wrongful conviction of the person according to the procedure stipulated by the regulatory enactments.
Documents
| Service | Fee |
|---|---|
| Opening | Free of charge |
| Servicing per month: | |
| 1.00 EUR |
| 15.00 EUR |
| Customer's funds administrating monthly fee for Customer with whom SEB bank is terminated cooperation3 | 75.00 EUR |
| Closing (including transfer of the account balance to another account at SEB banka) | Free of charge |
1 The commission fee is not applied for:
- Entry Offer users (for one oldest current account);
- any SEB bank Customer plan users (incl. Customer plans participants according to Customer plan conditions);
- customers up to 25 years old (inclusive).
2 The commission fee is not applied for Entry offer users up to 25 years old (inclusive).
3 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 which are not transferred after SEB bank request to Customer account opened in another credit institution.
Business account
- Buyer, seller and bank signs trilateral trade agreement
- Bank only transfers money after receiving documents confirming the fulfilment of the transaction
Basic account
A basic account is a current account with only basic functions. Any resident of the European Union* can open and use such an account, if he/she has no other account in any of the Latvian banks.
*In accordance with European Parliament and the Council’s Directive 2014/92/EU of 23 July 2014, on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features and the Law on Payment Services and Electronic Money of the Republic of Latvia.
