Cards for youth (aged 7-17)

Special offer for children under the age of 18

Receive code calculato free of charge (standard fee – 9 EUR).

A Contactless Junior card will be your child’s first payment card for payments in shops, withdrawing money from ATMs, as well as for on-line purchases. Moreover, no monthly fee will be charged for the junior’s first card.

A Contactless Junior card will be your child’s first payment card for payments in shops, withdrawing money from ATMs, as well as for on-line purchases. Moreover, no monthly fee will be charged for the junior’s first card.
	Contactless Mastercard Junior payment card

Contactless Mastercard Junior payment card

Advantages
How to apply
Pieces of advice
Documents
Price list

Advantages to juniors and children

Convenient payments for purchases in Latvia, on-line and abroad

The money available on the card may be viewed conveniently using the mobile application

A possibility to request money from parents through the mobile application in a few seconds

A possibility to withdraw cash from ATMs

Advantages to parents

A possibility to set the daily and monthly spending limits

Arrange a regular payment order through the internet bank for transferring the pocket money automatically

If necessary, extra money can be transferred through the mobile application or the internet bank within a couple of seconds

You will be able to view the type and amount of your child’s expenditure in a simple and expedient manner

How to apply for the card?

If a child is aged between 7 and 15 years, his/her legal representative must visit any SEB branch bringing his/her passport or ID card as well as the child’s identity document (if your passport doesn’t have an entry about children, birth certificate is required).
A junior aged 16- 17 years may visit the branch on his/her own, carrying his/her identity document.

Book the exact date and time of the branch visit online.

How to receive the card?

When applying for the card at the branch, choose how you will receive the card, i.e., by post or at SEB branch.
The card will be made within 5 working days, and no monthly fee will be charged for the usage of it.

What children should know about the use of the card

Before you entrust using of the card to your child, talk through all security aspects with him/her, tell him/her what to do if he/she loses the card. You should keep you card in a safe place, memorise the PIN of the card and must not disclose it to anyone, nor keep it written on a piece of paper together with the card or in the memory of your mobile phone.

Treat your card with care – a damaged card can become invalid. If you have lost your card or if it has been stolen, it needs to be blocked immediately. You can do that by calling the 24/7 helpline of SEB bank +371 26668777 (it is best that this number is saved in the child’s phone). The card will be blocked, and the money in the account will stay safe. If the card is found after the bank has already been notified of the loss of the card, do not use the card and contact the bank again.
Bear in mind the rules of a safe use of the card when making online purchases. Make sure that you use the services of only certified online shops and service providers.
For added security of the funds held in your current account, the bank has set transaction limits.
If you enter a wrong PIN in the POS terminal three times consecutively, the card will be automatically blocked for security reasons. You can unblock the card at ATMs, by entering the correct PIN.

	In force from	In force to
Payment card for minors agreement terms and conditions	16.05.2019	In force
Chargeback purchase or ATM cash-out application		In force
Chargeback ATM cash-in application		In force

	In force from	In force to
Payment card agreement terms and conditions for private persons	16.05.2019	In force
Chargeback purchase or ATM cash-out application		In force
Chargeback ATM cash-in application		In force

Special offer for children under the age of 18

Receive code calculato free of charge (standard fee – 9 EUR).

Services	Fees
Fee for card preparing¹	1.20 EUR
Fee for use of the card (per month)²	Free of charge
A monthly fee for the use of card after reaching the age of 18 years	1.20 EUR
Replacing a card	6.00 EUR
Commission for purchase	Free of charge
Cash withdrawal in another bank	2%, min 3.00 EUR
Cash withdrawal at ATMs of:
Up to 600 EUR within one calendar month for the customer's all accounts • SEB bank • SEB group (Estonia, Lithuania) • in Latvia: Swedbank	Free of charge
Exceeding monthly expenses of 600 EUR within one calendar month for the customer's all accounts • SEB bank • SEB group (Estonia, Lithuania) • in Latvia: Swedbank	0,29% of transaction amount
• other banks	2%, min 3.00 EUR
Cash withdrawal at business operators' outlets	Free of charge
Cash deposit at SEB bank’s ATM:
• up to 6,000 EUR within one calendar month for all customer's accounts	Free of charge
• upon exceeding monthly credits of 6,000 EUR for all customer's accounts	0,1% of transaction amount
Others charges and terms related to Mastercard Junior debit card
Reviewing a complaint^{3, 4}	Free of charge
Change of PIN code in SEB bank’s ATMs	Free of charge
Fee for unblocking PIN code of a card in SEB bank’s ATMs, if the PIN has been entered incorrectly for 3 consecutive times while using POS terminal	Free of charge
Change of card transaction limit within SEB bank's standard limit (branch)⁵	5.00 EUR
Change of card transaction limit above the standard maximum limit set by SEB bank⁵	10.00 EUR
Checking the account balance through ATMs of:
• SEB bank	Free of charge
• other banks in Latvia	0.45 EUR
• other banks abroad	1.00 EUR
Fee for urgent card issue⁶	30.00 EUR
Surcharge on currency exchange when the currency of the card’s main account is not that of the transaction currency⁷	3%

The limit of cash withdrawal from ATMs within a period up to 24 hours for users of Mastercard Junior debit card is 70 EUR.

Total cash deposit limit in ATMs with all customer’s cards is 7,000 EUR per month.⁸

The limit of purchases within a period up to 24 hours for users of Mastercard Junior debit card is 1,000 EUR.

For other services (current account maintenance, transactions in the account, processing of the customer’s documents etc.) which SEB bank provides to the customer in relation to payment card servicing, the customer pays in accordance with SEB bank’s General Price list for individuals.

A maximum of 200 banknotes can be deposited in an ATM in a single deposit transaction.

¹ Charged when the new or renewed card is activated.

² Upon reaching the age of 18 years, a monthly fee for the use of Mastercard Junior is applied.

³ If processing of the complaint involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.

⁴ Application shall be deemed received by us:
• on the current working day if the application is submitted and received before 16:00;
• on the next working day if the application is submitted after 16:00.

In case working day is shortened according to the law, the above deadline shall be one hour prior to end of the shortened working day.

⁵ Includes changes in POS, ATM and monthly spending limits.

⁶ If customer orders the card on business day by 12:00, it will be available at the Rīdzene branch on the same day after 16:00 or on the next day after 12.00 at any branch of Riga region*. If the card is ordered after 12:00, it can be received at Rīdzene branch on the next business day after 16:00 or on the day after past 12:00 – at any branch of Riga region*.

*Excluding Spices and Dienvidu branches.

⁷ Information about exchange rates is available on the home page of International card organizations
https://www.mastercard.com/global/currencyconversion/index.html

⁸ SEB bank has the right to unilaterally reduce or increase the cash deposit limit upon evaluation of the Customer's business and personal activities.

Customers until 18 years of age get Contactless Mastercard and VISA Style card for the same price and limits as applied for Mastercard Junior.