Current accounts

(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) Customer who already holds an account with Luminor Bank AS in Estonia or Lithuania.
(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.

(1) Direct shareholder is considered to be a person (legal entity or natural person) holding directly>25% shares of the legal entity.
(2) The fee is applied to customers whose field of activity includes:
Organization and running of lotteries and gambling
Business related to ferrous, non-ferrous or precious metals, gems, jewellery
Trade in arms and ammunition
Virtual currency trading / activities related to virtual currencies
Electronic money institution / activities related to electronic money
Payment institution / provision of payment services
Financial services and currency exchange / financial mediation
(3) Monthly fee may also be applied for customers carrying out activities other than listed under footnote (2). Bank informs such customers individually about the applicable monthly fee 30 calendar days in advance.
(4) 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 (for financial institutions – if the Central Bank annual interest rate is equal to or exceeds 0.3%).
(5) 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.
(6) 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.