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Current Account

  • For receiving regular income
  • Various payment options
  • Multi-currency account options
  • Receive 0,25% per year for money in the current account

SEB calculates and pays to customers - natural persons interest for money held in EUR current accounts. The interest rate is 0.25% per annum and is paid to natural persons for balances up to 5000 EUR in each current account. Learn more


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;
Account statement

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
Deposits guarantees

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.

Questions and answers about interest on current account balances

It will be 0.25% per year. An interest rate of 0.25% will be applied to balances of up to 5,000 EUR held by natural persons in their current, investment, and portfolio account(s).

No, you do not need to have a separate agreement. SEB will apply the interest rate, calculate and pay the interest automatically.

No, interest will only be paid on current account balances.

A temporary current account is intended for establishing a legal entity, whereas interest on current account balances is paid only to natural persons. Thus, interest will not be paid on temporary current account balances.

Interest on current account balances is calculated from 1 November 2023. Interest is paid each calendar month on the first day of the current month for the previous calendar month.

Interest is calculated for each calendar day, assuming that there are 360 days in a year. Interest is calculated on the current account balance (after completing the last transaction on the relevant day). Interest accrued during a calendar month is transferred on the first day of the following month.

SEB will start calculating interest starting at 0.01 EUR (1 cent).

Interest will be paid at the beginning of December (and thereafter at the beginning of each subsequent month) when the accrued interest reaches 0.01 EUR.

No, the terms and conditions will not change and there will be no restrictions on the use of the account(s). You can still use your current account as usual.

Interest will be paid to the same account that was used to calculate it. You do not need to specify a particular account.

Yes, tax must be paid on this interest income. The tax will be deducted automatically from the interest payment. In Latvia, both tax residents and non-residents are subject to a 20% income tax on interest income.

If you wish to maximise your earnings, consider depositing the money that you are not using for everyday spending into a savings or term deposit account.

Interest payments cannot currently be refused.

Service Fee
Opening Free of charge
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 Latvia1 250.00 EUR
Servicing per month:
  • for the customers who have a personal identity document issued in Latvia or in the EEA2
1.00 EUR
  • for the customers who have a personal identity document issued outside the EEA3
15.00 EUR
Customer's funds administrating monthly fee for Customer with whom SEB bank is terminated cooperation4 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 withheld from the person who has acquired an asylum seeker or a refugee status, or alternative status.

2 The commission fee is not applied for:

  • any SEB bank Customer plan users (incl. Customer plans participants according to Customer plan conditions);
  • customers under 18 years old.

3 The commission fee is not applied for customers under 18 years old.

4 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.