Rietumu Banka - for business and private banking.

Private Corporate

Account maintenance

Client servicing*

*The commission fee is not applied during the first 3 months from the date of the first account opening

Individual servicing

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

Other fees related to Client servicing *

*in accordance with the Law of the Republic of Latvia on the Prevention of Money Laundering and Terrorism and Proliferation Financing

*from the average balance of the assets on the accounts of the Client in the Bank calculated for the last 90 days until the moment of application of the commission fee

- The payment of the commission fee does not exempt the Client from the obligations stipulated by the Terms and Conditions of JSC "Rietumu Banka" and Client Agreement as well as the applicable law, including but not limited to, the obligation to fully reimburse all of the Bank's losses

Account maintenance

Client servicing*

*The commission fee is not applied during the first 3 months from the date of the first account opening

Individual servicing

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

Other fees related to Client servicing *

*in accordance with the Law of the Republic of Latvia on the Prevention of Money Laundering and Terrorism and Proliferation Financing

*from the average balance of the assets on the accounts of the Client in the Bank calculated for the last 90 days until the moment of application of the commission fee

Servicing of a client – resident of the Baltic states (Latvia, Lithuania or Estonia), if all beneficial owners of the company are the residents of the Baltic states

*The commission fee is not applied during the first 3 months from the date of the first account opening

*For a group of clients with the same beneficial owner the Relationship Balance is equal to the sum of the claims only for the category of the group's companies with the highest minumum balance requirment

*The commission fee is not applied during the first 3 months from the date of the first account opening

Servicing of a client – resident of the Baltic states (Latvia, Lithuania or Estonia), if at least one of the beneficial owners is a non-resident of the Baltic states

*The commission fee is not applied during the first 3 months from the date of the first account opening

Individual servicing

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

Other fees related to Client servicing *

*in accordance with the Law of the Republic of Latvia on the Prevention of Money Laundering and Terrorism and Proliferation Financing

*from the average balance of the assets on the accounts of the Client in the Bank calculated for the last 90 days until the moment of application of the commission fee

Account maintenance

*The commission fee is not applied during the first 3 months from the date of the first account opening

Individual servicing

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

Other fees related to Client servicing *

*in accordance with the Law of the Republic of Latvia on the Prevention of Money Laundering and Terrorism and Proliferation Financing

*from the average balance of the assets on the accounts of the Client in the Bank calculated for the last 90 days until the moment of application of the commission fee

Maintenance

Account maintenance

Client servicing*

If the average monthly balance on all accounts of the client (incl. a group of clients with the same beneficial owner) is 20 000 EUR or more

If the average monthly balance on all accounts of the client (incl. a group of clients with the same beneficial owner) is less than 20 000 EUR

Inactive client maintenance (no client transactions over the previous two years and no active banking products)

Individual servicing

Individual customer servicing

Consideration of the client's question on an individual basis

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

For the account balance over 100 000 CHF

Other fees related to Client servicing *

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)

Individual monitoring of the Client with a feature of politically exposed person

Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)

Аnalysis of the operations on the accounts of the Client

The commission fee for the failure of the Client to submit information and documents in due time, indicated by the Bank in the request and/or in case when submitted documents and information do not correspond to the requirements set out by the Bank

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy

Maintenance of the Client accounts starting with the third month upon receipt of the application for closing (if funds are not withdrawn)

Maintenance of a multi-currency account, where, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, financial operations are terminated

Storage of non-withdrawn funds of the client, with whom the Bank has terminated cooperation in accordance with the definition under the Law on the Prevention of Money Laundering and the Financing of Terrorism and Proliferation

Account maintenance

Client servicing*

If an average monthly balance on all accounts of the client (incl. a group of clients with the same beneficial owner) is 250 000 EUR or more

If an average monthly balance on all accounts of the client (incl. a group of clients with the same beneficial owner) is less than 250 000 EUR

Relationship Balance (minimum balance requirement on all accounts of the client)*

The commission fee for not observing the minimum balance requirements (Relationship Balance)

Inactive client maintenance (no client transactions over the previous two years and no active banking products)

Individual servicing

Individual customer servicing

Consideration of the client's question on an individual basis

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

For the account balance over 100 000 CHF

Other fees related to Client servicing *

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)

Individual monitoring of the Client with a feature of politically exposed person

Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)

Аnalysis of the operations on the accounts of the Client

The commission fee for the failure of the Client to submit information and documents in due time, indicated by the Bank in the request and/or in case when submitted documents and information do not correspond to the requirements set out by the Bank

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy

Maintenance of the client accounts in 2 months after receiving the application for closing (if funds are not withdrawn)

Maintenance of a multi-currency account, where, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, financial operations are terminated

Storage of non-withdrawn funds of the client, with whom the Bank has terminated cooperation in accordance with the definition under the Law on the Prevention of Money Laundering and the Financing of Terrorism and Proliferation

Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy

Servicing of a client – resident of the Baltic states (Latvia, Lithuania or Estonia), if all beneficial owners of the company are the residents of the Baltic states

Client servicing*

Relationship Balance (minimum balance requirement on all accounts of the client)*

The commission fee for not observing the minimum balance requirements (Relationship Balance)

Inactive client maintenance (no client transactions over the previous two years and no active banking products)

Servicing of a client – resident of the Baltic states (Latvia, Lithuania or Estonia), if at least one of the beneficial owners is a non-resident of the Baltic states

Client servicing*

Relationship Balance (minimum balance requirement on all accounts of the client)*

The commission fee for not observing the minimum balance requirements (Relationship Balance)

Inactive client maintenance (no client transactions over the previous two years and no active banking products)

Individual servicing

Individual customer servicing

Consideration of the client's question on an individual basis

Application on a negative interest rate for the balance of a current and of an investment money account in the currency of CHF

For the account balance over 100 000 CHF

Other fees related to Client servicing *

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)

Individual monitoring of the Client with a feature of politically exposed person, when main share of the company is owned by a resident of Latvia

Individual monitoring of the Client with a feature of politically exposed person, when main share of the company is owned by a non-resident of Latvia

Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)

Аnalysis of the operations on the accounts of the Client

The commission fee for the failure of the Client to submit information and documents in due time, indicated by the Bank in the request and/or in case when submitted documents and information do not correspond to the requirements set out by the Bank

- financial reporting

- documents approving the actual activities in the country of registration

- client’s questionnaire

- document on compliance with sanctions

- other documents

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy

Maintenance of the client accounts in 2 months after receiving the application for closing (if funds are not withdrawn)

Maintenance of a multi-currency account, where, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, financial operations are terminated

Storage of non-withdrawn funds of the client, with whom the Bank has terminated cooperation in accordance with the definition under the Law on the Prevention of Money Laundering and the Financing of Terrorism and Proliferation

Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy

Account maintenance

Client servicing*

Relationship Balance (minimum balance requirement on all accounts of the client)*

The commission fee for not observing the minimum balance requirements (Relationship Balance)