Current accounts | Luminor
Current account opening and maintenance
SERVICEPRICE
Opening of Temporary account* / Current accountsEUR 15,00**
Initial inspection of documents submitted by non-resident/ account openingUpon individual agreement, min, EUR 1000,00
Initial inspection of documents submitted by electronic money institution and payment institution / RIKO*** account openingUpon individual agreement, min, EUR 1000,00
Inspection of complicated documents and 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, EUR 40,00
Opening of additional Current accounts and closure of Current accounts at Service places or Call centerEUR 5,00
Opening of additional Current accounts and closure of Current accounts at Internet-bankFree of charge
Maintenance of a Current account:EUR 3,50 per Current account per month
Maintenance of a Current RIKO*** account for electronic money institutions and payment institutionsEUR 5,00 per Current account per month
Account balance monthly fee for financial institutions***** - balance exceeds 1 000 000 EUR - balance exceeds 10 000 000 SEK - balance exceeds 7 500 000 DKK - balance exceeds 1 000 000 CHF - balance exceeds 116 000 000 JPY - balance exceeds 25 500 000 CZKThe annual interest rate set by the Central bank****** minus 0,30% (actual/360)
Termination of business relations and closure of Customer's last Current accountFree of charge
Change of Signature Sample and Stamp Imprint Card or issue of additional card to CustomerEUR 15,00
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 BankEUR 40,00
Penalty for Delayed Payment for NDEA****0,20% per day

* When transferring Temporary account into permanent Current account, the Customer does not have to pay additional fee for opening of the relevant Current account or execution of the “Business package for new companies”.
** 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.
*** Account, which number contains letters “RIKO” (LVxxRIKOxxxxxxxxxxxxx).
**** Account, which number contains letters “NDEA” (LVxxNDEAxxxxxxxxxxxxx).
***** Financial institutions are credit institutions (including branches and representative offices thereof) as well as financial merchants (including branches and representative offices thereof) according to the definition specified in the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, e.g. savings-and-loans banks, payment institutions, electronic money institutions, insurance merchants and insurance intermediaries, investment brokerage companies, asset management companies (including pension funds), etc. No account balance fee applies when the Central bank interest rate in the respective currency becomes positive.
****** The annual interest rate set by the Central bank is:
• 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.