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Multi-currency account

Multi-currency account

An option to make payments in over 20 currencies from a single account

  • The money credited to the account is held in the same currency
  • You can exchange currencies at any time convenient for you

If you engage in transactions in various currencies, we encourage you to use a multi-currency current account. Using Internet banking, you can easily add additional currencies to the existing account or open a new current account.

By default, your company’s account has a single currency, and the incoming payments in other currencies would be exchanged to the base currency of the account. To start benefiting from the advantages offered by a multi-currency account, you would need to add additional currencies to the account.

In the multi-currency current account, you can keep funds in multiple currencies:

  • in the base currency of the account as specified by you (the primary currency selected by you for a particular account is the base currency of that account). Changing of the base currency of your account is only possible at the branch of SEB banka;
  • additional currencies of the account that you choose from the list offered by the bank.

If no additional currencies are added, then all incoming funds will be exchanged to the base currency of the account at the bank’s exchange rate.

The commission fee for the servicing of a multi-currency current account does not depend on the number of currencies tied to it and will be levied on the 4th day of each month.

You can use a multi-currency account just like any other current account for:

  • money transfers,
  • currency exchange,
  • e-invoices,
  • regular payments,
  • cash transactions
  • transactions with cards,
  • other bank transactions.

Payments from the multi-currency account

If you need to make a transfer of a certain currency, however the balance of the payment currency is not sufficient, you can use an option to exchange the currency within your the multi-currency account via Internet banking, as well as transfer the required amount from the additional currency selected by you to the currency of the intended payment.

Payment limits

Payment limits (daily and monthly limits) are defined on the account level via Internet banking – you can make payments within the limit with all currencies tied to the account (if necessary, by exchanging them or transferring from other currencies in order to ensure a sufficient amount in the payment currency).

Transactions with cards from a multi-currency account

When paying for your purchases with the card tied to your company’s multi-currency current account and without exchanging currencies, the balance will be available to you only in euro. If the purchase amount exceeds the balance in euro, exchange currency to the euro or transfer other currencies to the account.
This does not apply to credit cards because credit card accounts do not have the multi-currency account functionality.

This does not apply to credit cards because credit card accounts do not have the multi-currency account functionality.

Services Fees
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 residence permit in the EEA1 200.00 EUR
Servicing per month Free of charge
Maintaining of an inactive account2, 3 10.00 EUR per year
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 fee applies if, within at least the last 12 months, there have been no transactions initiated by the Customer in any of the Customer’s Current accounts, if none of the balances on the Customer’s Current accounts is greater than 10 EUR (or the equivalent amount in another currency), and if the Customer does not have an active agreement entered into with the SEB bank or with the subsidiaries of the SEB bank.

3 No fee applies to customers under 18 years of age.

Contacts

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