Changes in Luminor’s Service Rules from 15 August 2019

As we continue to simplify and unify the daily services offered by Luminor, we have made some changes in the Rules of Accounts and we have prepared unified Rules of Deposits for all Luminor customers. The change in the Rules of Accounts and the unified Rules of Deposits will become effective as of 15.08.2019.

 Rules of Accounts
 Rules of Deposits

The main changes that will have some impact on the customers, whose account numbers contain letters “RIKO”:

• Upon the calculation of the interest for deposits and account balance, as well as a payment expressed in per cents, a year conditionally consisting of 360 days will be taken as a basis. However, upon the calculation of the interest for deposits and account balance, as well as a payment expressed in per cents, GBP (pound sterling of the Great Britain), a year conditionally consisting of 365 days will be taken as a basis.
• You will be able to choose where to receive the interest for the balance on the savings account, to your savings account or current account.
• The unified Rules of Deposits provide more options for automatic extension of the term deposits.

The main changes that will have some impact on the customers, whose account numbers contain letters “NDEA”:

• The interest for the balance on the savings account will be paid to private individuals monthly.

The unified Rules of Deposits replace the current Term deposit Account Opening and Maintenance Rules, General Terms and Conditions for Savings accounts, General Terms and Conditions for Term Deposit Accounts.

Read the Terms and Conditions