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
Free of Charge
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
10 EUR monthly

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

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

Individual servicing

Individual customer servicing
50 EUR monthly
Consideration of the client's question on an individual basis
100 EUR

Current account interest in RUB

Account balance exceeding 3 000 000 RUB
1 % annually

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
1.5 % annually

Other fees related to Client servicing *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Individual monitoring of the Client with a feature of politically exposed person
20 EUR monthly
Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
Penalty for the actions of the Client, which resulted in reasonable suspicion of the Bank in regard to the violations by the Client of the normative acts (in the sphere of prevention of the money laundering, national and international sanctions, market manipulation, unlawful use of the inside information and other areas)
10 % *, min 5000 EUR

*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 penalty

Penalty 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 in the request to the Client
500 EUR

- The payment of the penalty 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

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy
500 EUR
Maintenance of the Client accounts starting with the third month upon receipt of the application for closing (if funds are not withdrawn)
information at the Bank
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
information at the Bank
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 Terrorism Financing
information at the Bank

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
Free of Charge
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
30 EUR monthly

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

Relationship Balance (minimum balance requirement on all accounts of the client)*
50 000 EUR
Penalty for not observing the minimum balance requirements (Relationship Balance)
4 EUR per day

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

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

Individual servicing

Individual customer servicing
100 EUR monthly
Consideration of the client's question on an individual basis
100 EUR

Current account interest in RUB

Account balance exceeding 3 000 000 RUB
1 % annually

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
1.5 % annually

Other fees related to Client servicing *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Individual monitoring of the Client with a feature of politically exposed person
50 EUR monthly
Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
Penalty for the actions of the Client, which resulted in reasonable suspicion of the Bank in regard to the violations by the Client of the normative acts (in the sphere of prevention of the money laundering, national and international sanctions, market manipulation, unlawful use of the inside information and other areas)
10 % *, min 5000 EUR

*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 penalty

Penalty 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 in the request to the Client
500 EUR

- The payment of the penalty 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

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy
500 EUR
Maintenance of the client accounts in 2 months after receiving the application for closing (if funds are not withdrawn)
information at the Bank
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
information at the Bank
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 Terrorism Financing
information at the Bank
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly

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*
25 EUR monthly

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

Relationship Balance (minimum balance requirement on all accounts of the client)*
10000 EUR

*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

Penalty for not observing the minimum balance requirements (Relationship Balance)
4 EUR per day

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

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

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*
100 EUR monthly

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

Relationship Balance (minimum balance requirement on all accounts of the client)*
10000 EUR

*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

Penalty for not observing the minimum balance requirements (Relationship Balance)
6 EUR per day

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

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

Individual servicing

Individual customer servicing
100 EUR monthly
Consideration of the client's question on an individual basis
100 EUR

Current account interest in RUB

Account balance exceeding 3 000 000 RUB
1 % annually

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
1.5 % annually

Other fees related to Client servicing *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
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
20 EUR monthly
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
50 EUR monthly
Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
Penalty for the actions of the Client, which resulted in reasonable suspicion of the Bank in regard to the violations by the Client of the normative acts (in the sphere of prevention of the money laundering, national and international sanctions, market manipulation, unlawful use of the inside information and other areas)
10 % *, min 5000 EUR

*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 penalty

Penalty 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 in the request to the Client:
- financial reporting
5 EUR per day
- documents approving the actual activities in the country of registration
5 EUR per day
- client’s questionnaire
5 EUR per day
- document on compliance with sanctions
5 EUR per day
- other documents
100 EUR - 500 EUR

- The payment of the penalty 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

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy
500 EUR
Maintenance of the client accounts in 2 months after receiving the application for closing (if funds are not withdrawn)
information at the Bank
Maintenance of the multicurrency account, on which execution of financial operations is terminated according to the Terms and Conditions of JSC "Rietumu Banka" and Customer Agreement
information at the Bank
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 Terrorism Financing
information at the Bank
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly

Account maintenance

Client servicing*
200 EUR monthly

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

Relationship Balance (minimum balance requirement on all accounts of the client)*
100 000 EUR

*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

Penalty for not observing the minimum balance requirements (Relationship Balance)
6 EUR per day

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

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

Individual servicing

Individual customer servicing
100 EUR monthly
Consideration of the client's question on an individual basis
100 EUR

Current account interest in RUB

Account balance exceeding 3 000 000 RUB
1 % annually

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
1,5 % annually

Other fees related to Client servicing *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Individual monitoring of the Client with a feature of politically exposed person
100 EUR monthly
Individual monitoring of the operations on the accounts of the Client (Rate is fixed by the Bank depending on the client’s risk level)
information at the Bank
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
Penalty for the actions of the Client, which resulted in reasonable suspicion of the Bank in regard to the violations by the Client of the normative acts (in the sphere of prevention of the money laundering, national and international sanctions, market manipulation, unlawful use of the inside information and other areas)
10 % *, min 5000 EUR

*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 penalty

Penalty 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 in the request to the Client:
- financial reporting
5 EUR per day
- documents approving the actual activities in the country of registration
5 EUR per day
- client’s questionnaire
5 EUR per day
- document on compliance with sanctions
5 EUR per day
- other documents
100 EUR - 500 EUR

- The payment of the penalty 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

Analysis of the client which resulted in a decision to terminate the relationship due to non-compliance with the Bank's Client Policy
500 EUR
Maintenance of the client accounts in 2 months after receiving the application for closing (if funds are not withdrawn)
information at the Bank
Maintenance of the multicurrency account, on which execution of financial operations is terminated according to the Terms and Conditions of JSC "Rietumu Banka" and Client Agreement
information at the Bank
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 Terrorism Financing
information at the Bank
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly