Securities Trading
Shares and ETF trading commissions:
Purchasing and selling foreign shares/ETF in internet bank or by phone 0.5% of the amount min. €50
Purchasing and selling shares at stock exchanges of the Baltic states (1) 0.4% of the amount, min. €5.70
Subscription to equities during initial public offering 0.1% of the amount, min. €2
Debt securities trading commissions:
Purchase/sale of debt securities in the secondary market 0.50% of the trade value, min. €50
Subscription to debt securities during initial offering 0.50% of the trade value, min. €20
Mutual funds trading commissions:
Investing in mutual funds via Luminor internet bank or by phone 1% of the transaction amount min. €15
Investing in Nordea mutual funds via Luminor internet bank or by phone 1% of the transaction amount min. €1

(1) The fee is charged for executed or partially executed transaction only. It is debited in transaction trade currency or its equivalent in another currency pursuant to the currency exchange rate imposed by the Bank as of the settlement date. Some stock exchanges may charge additional duties or levies.

Ex-ante Information on Costs and Charges of Investment Products can be found here.

More information about Investment services can be found here.

Securities Transfers
Free-of-payment transfers (FOP)(1):
- Within the Bank (paid only by the sender) €10
- Transfer of financial instruments registered in the Baltic states from Luminor to another credit institution in the Baltic states €15
- Transfer of financial instruments registered in the Baltic states to Luminor from another credit institution in the Baltic states €1.50
- Transfer of financial instruments registered in foreign countries (except the Baltic states) from/to Luminor to/from another credit institution €40
Against payment transfers (DVP/RVP):
- Within the Bank €10
- If the transaction involves the transfer of financial instruments from/to other bank €40
- If the transaction involves the transfer of financial instruments registered in the Baltic states from/to another bank €15

(1) In case of inheritance the fee is paid by the recipient.

More information about Investment services can be found here.

Financial instrument account monthly maintenance fee
Custody fee (monthly payment): (1)
- Financial instruments in the financial instruments account 0.015% (min. €1)

(1) Custody fee is calculated and debited from current/investment account by the 15th calendar day of the following month.
Custody fee is calculated based on the portfolio value on the last calendar day of the month. Portfolio value is calculated based on nominal value for bonds and non-listed securities, market value for equities and exchange traded funds, net asset value (NAV) of the investment fund units. Where the market value of the securities is not available, the last most recent available price is used for portfolio value calculation. Where such market value is not available either, the portfolio value of the securities is calculated based on the nominal value of the securities.
Custody fee is calculated in Euro, for securities issued in foreign currencies fee is calculated in accordance with the official exchange rate announced by the European Central Bank.

More information about Investment services can be found here.

Other Financial instrument account related services
Financial instruments account opening and closing Free
Deregistration of financial instruments €8
Participation in the meeting of share/debt securities holders (1) €100
Processing of voluntary corporate events related to financial instruments 35
Other services related to the financial instruments (2) As individually agreed
Financial instruments account statement and related documents:
- via the Internet Bank Free
- at a Customer Service Center Free
- by mail €10

Note: For the purpose of this pricelist terms "financial instruments" and "securities" should be treated as interchangeable. Reference to "securities" shall mean the same as reference to "financial instruments".

(1) Does not include the resepresentation of a client.
(2) Power of attorney, certificate, certificate for blocking of financial instruments according to the customer request, others.

If Bank is obliged to pay any taxes, fees, interest, penalties or incur other costs that are not covered in the Bank’s Price List and are related to the provision of securities safekeeping, execution and any other relevant service to the Client, and which are not caused by the Bank's gross negligence or wilful misconduct, the Bank shall have the right to debit such amounts from the Client’s Current Account without prior Client’s consent.