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News: July 2007:
For the accounts
that will have the initial deposit under 50.000 euros,
the bank is now requesting the client to go to the bank in person, or meet
with one of the bank representatives, when they travel to Europe to meet
with the clients.
News February
2008:
Please note that on April 1, 2008 the Bank will introduce some changes in
charging the service fee for maintaining the dormant accounts of corporate
clients, whose legal country of residence is other than Latvia.
Hereinafter the service fee of EUR 50 for maintaining the dormant accounts
will be withheld each month from corporate current accounts, non-residents
of Latvia, if within three (3) subsequent calendar months the average
monthly balance on the client account (or a group of client accounts
jointly) is less than EUR 10.000 (or the equivalent in other currency).
All currencies held on client account are taken into consideration in
calculation of average monthly account balance.
Alterations in charging the service fee for the dormant account maintenance
of corporate clients will incure on April 1, 2008. The tariff will be
charged considering the client account balance throughout the previous three
(3) months, that is January, February and March of 2008.
Criteria of charging the monthly EUR 50 service fee for maintaining the
dormant corporate accounts of the Latvian residents remain unchanged. The
fee will be withheld from these accounts, if within three (3) subsequent
calendar months client account (or a group of client accounts jointly) has:
· average monthly balance of less than EUR 10.000 (or the equivalent in
other currency);
or
· monthly credit turnover of less than EUR 50.000 (or the equivalent in
other currency).
We would also like to remind that the fee is not applicable to clients who
use loan or overdraft facilities in the Bank, as well as to new customers
within first six (6) months from account opening date (this applies to both
residents and non-residents of Latvia).
The Bank ceases to charge the fee if the average monthly balance or turnover
of the client account group exceeds the threshold amount(s) set or in case
the Bank issues a loan to the client.
- One of the 4-th Largest Bank in
the
country,
and one of the largest in the Northern European region !!
-
The country is a NATO member, now an EU member
- Internet Banking
available
- A "not-so-obvious" offshore bank account
- NO bank or commercial references for the account holders !
- offshore bank account in the largest bank in "The Switzerland of Northern
Europe",
- Added security using a digital device or digital certificate
- VIP Personal Banking available (have your own account manager)
- ...see below more advantages...
Quick overview:
Minimum Requirements:
- Residential address verification. One of the following documents is
sufficient: recent utility bill, bank account or credit card statements, ID
cards bearing residential address, tax assessments or similar documents
confirming residential address of the account applicant.
- Notarized copy with
apostille of
signature sample card, and notarized copy of passport. You must identify
yourself with the passport when you notarize (with apostille) the signature
sample card. Otherwise you will need to obtain apostille for the passport
copy too, and not all countries issue apostille on passport copies.
If you
don't want to get the apostille for the
signature sample card, the bank's employee can be
available for the meetings in Paris, Luxembourg and possibly other cities in
France. We can arrange for an appointment for you if you want.
VIP service:
The Bank's VIP service division provides services following individual
schemes on the basis of standard service and using the possibilities of
other Bank's departments.
Having signed up for this service you get a dedicated manager that works
with you on daily basis.
This service is highly recommended for companies and individuals who equire
strict control of their financial flows.
Internet Access
The Internet account
management system is the system of electronic settlement that allows you to
manage your bank accounts on-line. You can check your accounts
around the clock, receive balance information, transfer money
internationally, including currency conversions, examine the payment history and
receive a summary for any period among other services.
Current Account. This is a regular bank account. The name of the
account matches the name of it's actual owner. Account management by Internet
Banking, with help of Digipass device or digital certificates for added security. The account may be
either Personal or Corporate. The bank do not offer checks, because cashing
an international check takes 3-12 weeks!, and this option is not viable with
offshore banking.
Debit and Credit cards are just the same as in the other banks. Here
are the prices:
VISA Classic EC/MC Mass €250 (security deposit
= Credit Limit + €250)
VISA Business EC/MC Business €290 (security deposit
= Credit Limit + €250)
VISA GOLD EC/MC GOLD €350 (security deposit
= Credit Limit + €450)
PLATINUM €700 (security deposit
= Credit Limit + €750)
Maestro/VISA Electron €180
International ATM CashCard (Private account)
This is quite interesting product. This card is a pure ATM card, that
allows client to withdraw funds in ATM machines. It's benefit is that name of the
actual user is not embossed on the card!. Only card number and card account
number are on the card.
International ATM CashCard Plus (Corporate account)
If you do care about your privacy and confidentiality, you should definitely pay
your attention to this card. The system is the following: You
open a Corporate Account, supplying the
bank with Notarized copies of Corporate Documentation and ID Notarized copy of the person
who will manage the account. Further, you can order as many
cards (each has it's own account number) as you wish and give these cards to
your employees. Every card holder have to send his Notarized ID to the Bank.
Trading services.
Apart from standard banking services the bank offers Trading services.
The Bank provides investment-brokerage and asset management services to
private and corporate entities.
The Bank offers a wide range of global financial instruments and brokerage
products, including: futures, bonds, options, Forex, online equity trading,
funds of largest investment companies, asset management.
The bank offers you a wide range of electronic trading platforms for
direct and easy on-line trading with equities and options on the US
exchanges, with no intermediaries and necessity to call your broker.
You can choose one of four platforms varying by functionality, customizing
settings and access levels to the exchanges.
Please be advised that apart from brokerage products for active trading, the
bank offers an investment product, not requiring from the investor his
direct participation in implementing transactions on financial markets. In
particular, are offered various Funds (including hedge-funds) that are
managed by largest and most successful investment companies in the world.
Currently, you have an opportunity to acquire a share in over 20 Funds via
the Bank - starting with most conservative ones and ending with most
aggressive and highly profitable ones.
Bank charges:
| Operations (services) |
Charges |
| Outgoing Transfer *: |
|
| to another account in the
Bank |
€ 0.20 |
| to the account
held with other Bank: |
-- Regular transfer 0.2% :
Examples:
€20 for any amount between €1 - to €1,000 transferred,
to a maximum of
€100 fee for any transfer above €50,000 |
(min € 20, max € 100) |
| -- Urgent transfer ( during
1 day ) |
0.3% (min € 40, max €
150) |
| -- Express transfer ( during
2 hours ) |
0.4% (min € 60, max €
150) |
| * --
sending BANK rates only. In case if the payment originator wishes to pay
the correspondent bank’s charge – additional charges will be applied: |
Current Accounts
- a fully operational account for a day-to-day use.
Use this account for wiring the funds to your business partners, and they
will see the remitter name. As with
any of our products - you are safe with this one.
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Beneficial
Owner identity is not revealed and protected by strict nondisclosure laws;
All correspondence with a Bank is digitally protected by the
test-keys;
Account has no reporting requirements;
Initial deposit is not required;
Supports multi-currency feature: one account number for any
currency
|
Personal Current Account: |
- Notarized copy
with
apostille of
signature sample card, and notarized copy of passport
-
Residential address verification. One of the following documents is
sufficient: recent utility bill, bank account or credit card statements,
ID cards bearing residential address, tax assessments or similar
documents confirming residential address of the account applicant.
|
| Corporate
Current Account: |
- Notarized copy
with
apostille or original of Certificate of Registration ;
- Notarized copy
with
apostille or original of Statutes (Memorandum, Articles, By-Laws);
- Notarized
copy with
apostille or original of Power of Attorney (if not nominated in Statutes);
- Notarized copy with
apostille of
signature sample card, and notarized copy of passport
|
Personal - € 350; (€=EURO)
Corporate - € 450
(€=EURO)
Included:
- paperwork processing;
- coding device.
Note: If you would like to receive account opening
documentation by courier (DHL, FedEx or UPS), please add € 100
extra to your payment. Otherwise it will be sent to you by registered
post.
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