Banking services in Latvia

Daily banking services

Latvian banks are among the most stable in the European Union.

The largest banks in Latvia – Swedbank, Seb Bank, Luminor, Citadele, LPB Bank.

Both residents and non-residents of the Republic of Latvia can become account holders in one of the Latvian banks. Opening an account in a bank in Latvia is notable for its simplicity, low rates for services and efficiency.

Financial management can be carried out remotely. Consultations and on-line help of support services specialists are available to clients.

Banks do not impose restrictions on the number of transactions per day or the minimum account balance, but they charge a fee for maintaining an account.

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The procedure for opening an account takes from 3 to 21 days. The procedure can be carried out during a personal visit to the bank or remotely, as well as through an intermediary with a power of attorney. You can open an account in a Latvian bank both for legal entity and individual.

You can open not only a transaction account, but also a deposit account.

To open a bank account, you must provide an identity document (passport or ID-card), residence permit in Latvia. Bank accounts are opened in euros, but they can also be used for various currencies.

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