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Maintenance

Account maintenance

Client servicing1

If the average monthly balance on all accounts of the client (incl. a group of clients with the same beneficial owner) is 20 000 EUR2 or more
Free of Charge3
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 EUR2
10 EUR monthly3
Inactive client maintenance (no client transactions over one year and no active banking products)
40 EUR monthly5
Relationship Balance (minimum balance requirement on all accounts of the client)4
50 000 EUR4
The commission fee for not observing the minimum balance requirements (Relationship Balance)4
4 EUR per day4

1The commission fee is not applied during the first 3 months from the date of the first account opening.

2For an EU residents who is not a resident of the Republic of Latvia: if an average monthly balance on all accounts of the client (including a group of clients with the same beneficial owner) is 250 000 EUR or more- free of charge

3For an EU residents who is not a resident of the Republic of Latvia: if an average monthly balance on all accounts of the client (including a group of clients with the same beneficial owner) is less than 250 000 EUR, a fee of EUR 30 per month shall apply.

4Applicable only to an EU residents who is not a resident of the Republic of Latvia.

5For an EU residents who is not a resident of the Republic of Latvia – 100 EUR monthly.

Individual servicing

Individual customer servicing
50 EUR monthly6
Consideration of the client's question on an individual basis
100 EUR per hour

6For an EU residents who is not a resident of the Republic of Latvia – EUR 100 per month.

Other fees related to Client servicing*

Provision of services to a client posing increased risk12
500 EUR13
Individual monitoring of the Client with a feature of politically exposed person
20 EUR monthly7
Fee for additional verification12
500 EUR13
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
The commission fee 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 %14, min 5000 EUR
The commission fee for the failure of the Client to submit the information and documents and/or if submitted information and documents do not correspond with the Bank`s requirements15
500 EUR
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’s accounts 2 months after receiving the application for closing the account (if funds are not withdrawn)
100 EUR monthly8
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
100 EUR monthly9
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 Proliferation16
100 EUR monthly10
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy11
1000 EUR monthly11

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

7For an EU residents who is not a resident of the Republic of Latvia – EUR 50 per month.

8For an EU residents who is not a resident of the Republic of Latvia – 200 EUR per month.

9For an EU residents who is not a resident of the Republic of Latvia – 200 EUR per month for the first 6 months, and 1000 EUR per month starting from the 7th month.

10For an EU residents who is not a resident of the Republic of Latvia – 200 EUR per month for the first 6 months, and 1000 EUR per month starting from the 7th month.

11Applicable only to an EU residents who is not a resident of the Republic of Latvia.

12The bank applies a fee for additional examination and compliance verification of documents related to the client's transaction / payment / operation, depending on the client's risk level, complexity, type of activity, and risk factors. Higher fee is applied in case of higher risk factors.

13For Account maintenance for private individuals - residents of the Republic of Latvia, the amount of remuneration is up to EUR 7,500; for EU residents who are not residents of the Republic of Latvia, the remuneration amount is up to EUR 15,000.
Bank can unilaterally set for the client an individual rate of remuneration for the Bank’s services and to cancel the same. The parties may agree on a special amount of the remuneration for a specific transaction with assets, stipulating it in an additional agreement made between the parties.

14From 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.

15The 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.

16The commission fee is not summed up with the commission for a multi-currency account's maintenance, on which, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, the execution of financial transactions has been terminated.

Account maintenance

Client servicing1

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
Relationship Balance (minimum balance requirement on all accounts of the client)1
50 000 EUR
The commission fee for not observing the minimum balance requirements (Relationship Balance)
4 EUR per day
Inactive client maintenance (no client transaction for over one year and no active banking products, or administration of assets of a deceased client)
100 EUR monthly

1The commission fee is not applied during the first 3 months from the date of the first account opening.

Individual servicing

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

Other fees related to Client servicing*

Provision of services to a client posing increased risk2
EUR 5003
Individual monitoring of the Client with a feature of politically exposed person
50 EUR monthly
Fee for additional verification2
EUR 5003
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
The commission fee 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 %4, min 5000 EUR
The commission fee for the failure of the Client to submit the information and documents and/or if submitted information and documents do not correspond with the Bank`s requirements5
500 EUR
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’s accounts 2 months after receiving the application for closing the account (if funds are not withdrawn)
200 EUR monthly
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
First 6 months 200 EUR per month, afterwards 1000 EUR per month
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 Proliferation6
First 6 months 200 EUR per month, afterwards 1000 EUR per month
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly

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

2The bank applies a fee for additional examination and compliance verification of documents related to the client's transaction/payment/operation, depending on the client's risk level, complexity, type of activity, and risk factors. Higher fee is applied in case of higher risk factors.
3Account maintenance for non-resident - private individuals: maximum remuneration amount is EUR 15 000.
Bank can unilaterally set for the client an individual rate of remuneration for the Bank’s services and to cancel the same. The parties may agree on a special amount of the remuneration for a specific transaction with assets, stipulating it in an additional agreement made between the parties.

4From 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.

5The 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.

6The commission fee is not summed up with the commission for a multi-currency account's maintenance, on which, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, the execution of financial transactions has been terminated.

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 servicing1
25 EUR monthly
Relationship Balance (minimum balance requirement on all accounts of the client)2
10000 EUR
The commission fee for not observing the minimum balance requirements (Relationship Balance)1
4 EUR per day
Inactive client maintenance (no client transaction for over one year and no active banking products, or administration of assets of a deceased client)
130 EUR monthly

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

2 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 minimum balance requirement.

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 servicing3
100 EUR monthly
Relationship Balance (minimum balance requirement on all accounts of the client)4
10000 EUR
The commission fee for not observing the minimum balance requirements (Relationship Balance)3
6 EUR per day
Inactive client maintenance (no client transactions over one year and no active banking products)
250 EUR monthly

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

4 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

Individual servicing

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

Other fees related to Client servicing*

Provision of services to a client posing increased risk5
EUR 5006
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
Fee for additional verification5
EUR 5006
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
The commission fee 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 %7, min 5000 EUR
The commission fee for the failure of the Client to submit the information and documents and/or if submitted information and documents do not correspond with the Bank`s requirements8
  
- 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
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’s accounts – resident of the Baltic states (Latvia, Lithuania or Estonia) 2 months after receiving the application for closing the account (if funds are not withdrawn):
 
- if all beneficial owners of the company are the residents of the Baltic states
First 6 months 100 EUR per month, afterwards 400 EUR per month
- if at least one of the beneficial owners is a non-resident of the Baltic states
First 6 months 200 EUR per month, afterwards 400 EUR per month
Maintenance of a multi-currency account, where, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, financial operations are terminated9
 
- if all beneficial owners of the company are the residents of the Baltic states
First 6 months 100 EUR per month, afterwards 500 EUR per month
- if at least one of the beneficial owners is a non-resident of the Baltic states
First 6 months 200 EUR per month, afterwards 1000 EUR per month, after 2 years 1% of actual balance, min 1000 EUR per month
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 Proliferation10

- if all beneficial owners of the company are the residents of the Baltic states
500 EUR monthly
- if at least one of the beneficial owners is a non-resident of the Baltic states
First 6 months 500 EUR per month, afterwards 5000 EUR per month, after 2 years 1% of actual balance, min 5000 EUR per month
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly

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

5The bank applies a fee for additional examination and compliance verification of documents related to the client's transaction/payment/operation, depending on the client's risk level, complexity, type of activity, and risk factors. Higher fee is applied in case of higher risk factors.
6Account maintenance for resident - corporate entities: maximum remuneration amount is
EUR 7 500.
Bank can unilaterally set for the client an individual rate of remuneration for the Bank’s services and to cancel the same. The parties may agree on a special amount of the remuneration for a specific transaction with assets, stipulating it in an additional agreement made between the parties.

7From 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.

8The 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.

9validity of the documents confirming the status of a legal entity or the authority of the persons managing the account (accounts) expired more than 1 year ago.

10The commission fee is not summed up with the commission for a multi-currency account's maintenance, on which, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, the execution of financial transactions has been terminated.

Account maintenance

Client servicing1
200 EUR monthly
Relationship Balance (minimum balance requirement on all accounts of the client)2
100 000 EUR
The commission fee for not observing the minimum balance requirements (Relationship Balance)1
6 EUR per day
Inactive client maintenance (no client transaction for over one year and no active banking products, or administration of assets of a deceased client)
350 EUR monthly

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

2 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 minimum balance requirement.

Individual servicing

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

Other fees related to Client servicing*

Provision of services to a client posing increased risk3
EUR 5004
Individual monitoring of the Client with a feature of politically exposed person
100 EUR monthly
Fee for additional verification3
EUR 5004
Аnalysis of the operations on the accounts of the Client
200 EUR per hour
The commission fee 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 %5, min 5000 EUR
The commission fee for the failure of the Client to submit the information and documents and/or if submitted information and documents do not correspond with the Bank`s requirements6

- 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
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’s accounts 2 months after receiving the application for closing the account (if funds are not withdrawn)
First 6 months 300 EUR per month, afterwards 500 EUR per month
Maintenance of a multi-currency account, where, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, financial operations are terminated7
First 6 months 500 EUR per month, afterwards 1000 EUR per month, after 2 years 1% of actual balance, min 1000 EUR per month
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 Proliferation8
First 6 months 700 EUR per month, afterwards 5000 EUR per month, after 2 years 1% of actual balance, min 5000 EUR per month
Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly

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

3The bank applies a fee for additional examination and compliance verification of documents related to the client's transaction/payment/operation, depending on the client's risk level, complexity, type of activity, and risk factors. Higher fee is applied in case of higher risk factors.
4Account maintenance for non-resident - corporate entities: maximum remuneration amount is EUR 15 000.
Bank can unilaterally set for the client an individual rate of remuneration for the Bank’s services and to cancel the same. The parties may agree on a special amount of the remuneration for a specific transaction with assets, stipulating it in an additional agreement made between the parties.

5From 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.

6The 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.

7Validity of the documents confirming the status of a legal entity or the authority of the persons managing the account (accounts) expired more than 1 year ago.

8The commission fee is not summed up with the commission for a multi-currency account's maintenance, on which, in accordance with the Terms and Conditions of JSC “Rietumu Banka” and Client Agreement, the execution of financial transactions has been terminated.

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