Accounts
| Product name in price list | Fee price and name currently | Fee price and name starting from 01.04.2022 | Type of changes |
|---|---|---|---|
| Current accounts Current account opening |
€100 Account opening for Luminor Group customer non-Latvian resident (4) (4) Luminor group banks: Luminor Bank AS, Lithuania Branch; Luminor Bank AS, Estonia. |
€100 Account opening for existing Luminor Group customer non-Latvian resident (4) (4) Customer who already holds an account with Luminor Bank AS in Estonia or Lithuania. |
Fee name changed, footnote adjusted |
| Current accounts Current account opening |
Upon individual agreement, min. €1000 Account opening for Non-Latvian residents |
Upon individual agreement, min. €1000 Account opening for Non-resident of Latvia, registered in the EEA |
Fee name changed |
| Upon individual agreement, min. €1000 Account opening for Non-resident of Latvia, registered outside the EEA |
Fee name changed | ||
| Current accounts Account maintenance |
€4 per current account per month Monthly maintenance fee of a Current account |
€4.50 per current account per month Monthly maintenance fee of a Current account |
Fee price changed |
| Current accounts Account maintenance |
€60 Additional maintaining the account monthly fee for: - Non-resident of Latvia, registered in the EEA (except Luminor Group customer non-Latvian resident) |
New fee added | |
| Current accounts Account maintenance |
€60 Additional maintaining the account monthly fee for: - Non-resident of Latvia, registered outside the EEA |
New fee added | |
| Current accounts Account maintenance |
€60 Additional maintaining the account monthly fee for: - Latvian resident with at least one direct shareholder (4) non-EEA resident (4) Direct shareholder is considered to be a person (legal entity or natural person) holding directly>25% shares of the legal entity. |
New fee and footnote added | |
| Current accounts Account maintenance |
(Central Bank annual interest rate (3) minus 0.3% point) /360 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. (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. |
(Central Bank annual interest rate (3) minus 0.3% point) /360 Account balance fee (1): - for financial institutions (2) if the total balance exceeds: EUR 0; SEK 0; DKK 0; CHF 0; JPY 0; CZK 0. (1) The fee is calculated at the end of each day and is applicable if, at the time of calculation, the total balance of current 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 sum above the limit 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. (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. |
Thershold changed |
| Current accounts Account maintenance |
(Central Bank annual interest rate (3) minus 0.1% point)/360 Account balance fee (1): - 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. (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%). (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. |
(Central Bank annual interest rate (3) minus 0.1% point)/360 Account balance fee (1): - for other legal entities if the Bank notifies the customer individually 15 calendar days in advance and the total balance exceeds: EUR 500 000; SEK 5 000 000; DKK 3 750 000; CHF 500 000; JPY 65 000 000; CZK 12 500 000. (1) The fee is calculated at the end of each day and is applicable if, at the time of calculation, the total balance of current 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 sum above the limit 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. (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. |
Thershold changed conditions for notification changed |
Packages
| Product name in price list | Fee price and name currently | Fee price and name starting from 01.04.2022 | Type of changes |
|---|---|---|---|
| Set of services Business package 25 |
€15 Monthly fee |
€18 Monthly fee |
Fee price changed |
Investments
Investment section in the price list is restructured to make it more clear according to products we offer inlc. adjusting fee names.
| Product name in price list | Fee price and name currently | Fee price and name starting from 01.04.2022 | Type of changes |
|---|---|---|---|
| Financial Instrument account Securities Trading |
Up to 2% of the price, min. €50 Purchase/sale of bonds in the secondary market |
Up to 2% of the price, min. €50 Investing in debt securities via Luminor internet bank or by phone |
Fee name changed |
| Financial Instrument account Securities Trading |
1% of the transaction amount (min. €15 / USD 20) Trading in mutual funds: (3) Investing in mutual funds via Luminor internet bank (3) Luminor Bank AS Latvian Branch receives inducements (commission) from investments fund managers for the distribution of investment fund units to the clients. The rates of commission received differ by investment fund. For further information on the inducements received and paid by Luminor Bank AS please refer to the document „Inducement Policy for the Provision of Investment and Ancillary Services“ available on the website of the Bank. |
1% of the transaction amount min. €15 Mutual funds trading commissions: Investing in mutual funds via Luminor internet bank or by phone |
Fee name changed and footnote removed |
| Financial Instrument account Securities Trading |
1% of the transaction amount (min. €1 / USD 1.30) Trading in mutual funds: (3) Investing in Nordea mutual funds via Luminor internet bank (3) Luminor Bank AS Latvian Branch receives inducements (commission) from investments fund managers for the distribution of investment fund units to the clients. The rates of commission received differ by investment fund. For further information on the inducements received and paid by Luminor Bank AS please refer to the document „Inducement Policy for the Provision of Investment and Ancillary Services“ available on the website of the Bank. https://luminor.lv/en/private/information-investors#important-documents |
1% of the transaction amount min. €1 Mutual funds trading commissions: Investing in Nordea mutual funds via Luminor internet bank or by phone |
Fee name changed and footnote removed |
| Financial Instrument account Other Financial instrument account related services |
€20 + external costs Issuing documents which allow customer to participate in AGM/EGM |
As individually agreed Participation in the meetings of shareholders |
Fee price and name changed |
| Financial Instrument account Other Financial instrument account related services |
€20 + external costs Instructing custodian banks about voluntary corporate actions based on customer instruction |
€20 + external costs Processing of financial instruments related optional corporate events |
Fee name changed |
| Luminor Investor platform Luminor Investor account monthly maintenance fee |
0.01% from total amount per month, min. €0.50 Custody fees (1) for stocks and ETFs: (1) Custody fee is calculated separately for equities, bonds and mutual funds. €0.50 per month minimum fee is applied for mutual funds asset class. No minimum fee is applied for equities and bonds. The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters). |
0.01% of the total account value Monthly custody fee for securities in Luminor Investor platform (1) (1) Custody fee is calculated separately for equities, bonds and mutual funds. €0.50 per month minimum fee is applied for mutual funds asset class. No minimum fee is applied for equities and bonds. The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters). |
Fee price and name changed |
| Luminor Investor platform Other Luminor Investor platform related services |
USD 90 Fee for U.S. source income reporting to IRS (2) (2) The detailed information on the Annual withholding tax on income earned in USA, can be found here. |
USD 90 Fee for U.S. source income reporting to IRS (1) (1) Fee applied if customer has USA related instruments without valid W8-BEN form. The detailed information on the Annual withholding tax on income earned in USA, can be found here. |
Footntoe adjusted |
| Luminor Investor platform Other Luminor Investor platform related services |
Free+ external costs Corporate actions processing |
New fee added |