Current account opening
Account opening: (1)
Opening of Temporary account (2) / Current accounts for Latvian resident€15 (3)
Account opening for Luminor Group customer non-Latvian resident (4)€100
Account opening for Non-Latvian residentsUpon individual agreement, min. €1000
Initial inspection of documents submitted by electronic money institution, payment institutions and banksUpon individual agreement, min. €1000
Verification of non-EU resident shareholder (5)€500 per company
Account opening in Luminor group banks abroad (4) (6)According to the agreement, min. €300
Inspection of complicated documents and/or opening an account or opening an account for companies that have started the insolvency/liquidation process; for associations, foundations and other non-profit organizationsUpon individual agreement, min. €40
Opening of additional current account and closure of current account:
- via Internet bankFree
- at the Customer Service Center or via Customer Support€10

(1) Fees are paid upfront and are non-refundable
(2) When transferring Temporary account into permanent Current account, the Customer does not have to pay additional fee for opening of the relevant Current account.
(3) The fee is not applicable if the Customer signs with the Bank the agreement on card acceptance service, card acceptance in Internet or Bank Link.
(4) Luminor group banks: Luminor Bank AS, Lithuania Branch; Luminor Bank AS, Estonia.
(5) The fee is charged to legal entities registered in Latvia whose shareholder is non-EU resident and is holding at least 25 per cent of the assets/shares/voting rights and such fee is paid before the verification and before making the decision on whether or not the business relations should be started/continued.
(6) This service is only available to Luminor Bank AS Latvian Branch customers.

More information about Account opening can be found here.

Account maintenance
Monthly maintenance fee of a Current account€4.00 per current account
Monthly fee for electronic money institutions, payment institutions and banks€500
Account balance fee (1) for financial institutions (2) if the total balance exceeds: EUR 1 000 000; SEK 9 500 000; DKK 7 500 000; CHF 1 000 000; JPY 132 000 000; CZK 25 500 000.(Central Bank annual interest rate (3) minus 0.3% point) /360
Account balance fee for other legal entities if the Bank notifies the customer individually 30 calendar days in advance and the total balance exceeds: EUR 1 000 000; SEK 9 500 000; DKK 7 500 000; CHF 1 000 000; JPY 132 000 000; CZK 25 500 000.(Central Bank annual interest rate (3) minus 0.1% point)/360
Termination of business relationsFree
Change in signatory powers (authorization document)€15
Inactive Account administration fee per month, if the Customer fails to fulfil the request of the Bank to transfer the funds from Customer’s Account and/or close the Account within the deadline specified by the Bank€40

(1) The fee is calculated at the end of each day and is applicable if, at the time of calculation, the total balance of all accounts of one customer in the same currency exceeds the total balance in the respective currency indicated above. The fee is calculated by multiplying the total balance by the absolute value (i.e., module) of the respective fee indicated above. The fee does not apply if the Central Bank annual interest rate becomes positive or zero (for financial institutions – if the Central Bank annual interest rate is equal to or exceeds 0.3%).
(2) Financial institutions are entities (including branches, representatives offices etc.) which provide financial services, including but not limited to: credit institutions, credit unions, credit providers and intermediaries, payment institutions, electronic money institutions, other payment service providers, insurance, re-insurance companies and insurance intermediaries, financial brokerage companies, investment management and brokerage companies, collective investment undertakings and asset management companies (including pension funds), companies carrying out the buying and selling of the foreign currency cash, providers of financial leasing or consumer credit services, crowdfunding companies, loan (e.g. peer-to-peer lending) marketplaces.

(3) The Central Bank annual interest rate is the annual interest rate set by the central bank for the respective currency:
• for EUR currency - ECB deposit facility rate,
• for SEK currency - Sveriges Riksbank repo rate,
• for DKK currency - Danmarks Nationalbank Certificates of deposit rate,
• for CHF currency - Swiss National Bank negative interest rate,
• for JPY currency - Bank of Japan complementary deposit facility rate,
• for CZK currency - Czech National Bank deposit facility rate.