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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 one year and no active banking products)
40 EUR monthly

Individual servicing

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

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

Individual monitoring of the Client with a feature of politically exposed person
20 EUR monthly
Commission fee for additional analysis/compliance verification of the client/operation/transaction/payer/documents*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

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 % *, 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 commission fee

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 requirements
500 EUR

- 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

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 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
100 EUR monthly
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*:
100 EUR monthly

* the 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 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
The commission fee 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 one year and no active banking products)
100 EUR monthly

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 *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

Individual monitoring of the Client with a feature of politically exposed person
50 EUR monthly
Commission fee for additional analysis/compliance verification of the client/operation/transaction/payer/documents*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

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 % *, 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 commission fee

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 requirements
500 EUR

- 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

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 Proliferation*:
First 6 months 200 EUR per month, afterwards 1000 EUR per month

* the 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

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

The commission fee 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 one year and no active banking products)
130 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

The commission fee 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 one year 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 per hour

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

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
Commission fee for additional analysis/compliance verification of the client/operation/transaction/payer/documents*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

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 % *, 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 commission fee

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 requirements
  
- 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 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

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 terminated*:
 
- 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

* validity 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

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*:
 
- 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

* the 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

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

The commission fee 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 one year and no active banking products)
350 EUR monthly

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 *

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

Servicing of increased risk clients (Rate is fixed by the Bank depending on the client’s risk level)*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

Individual monitoring of the Client with a feature of politically exposed person
100 EUR monthly
Commission fee for additional analysis/compliance verification of the client/operation/transaction/payer/documents*
Individually, min 500 EUR

* The amount of the commission is determined unilaterally by the Bank according to the client's complexity, type of activity and risk factors. A higher commission is applied to higher risk factors.

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 % *, 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 commission fee

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 requirements
  
- 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 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

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 terminated*
First 6 months 500 EUR per month, afterwards 1000 EUR per month, after 2 years 1% of actual balance, min 1000 EUR per month

* validity 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

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*:
First 6 months 700 EUR per month, afterwards 5000 EUR per month, after 2 years 1% of actual balance, min 5000 EUR per month

* the 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

Fee for maintaining a multicurrency account of the client which does not comply with the Bank's Client Policy
1000 EUR monthly
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