Opening of Accounts

Fees for Business customers

Current account

Opening of current account
Mono-currency account in EUR currency EUR 150
Multi-currency account EUR 450
International Customer set registration fee (opening of current account, issuing of one Payment Card Visa Electron, Maestro or Cash Card Cirrus (EUR, USD) free of charge for the first year, registration of Citadele Online Banking and issue of Digipass or Digipass Go3 for one user, registration of Citadele SMS Bank)
If opening a mono-currency account in EUR EUR 200
If opening a multi-currency account EUR 500
Verification of authority on representing of the legal entity (non-resident of LR), current customer of Citadele Bank in connection with account servicing and new services providing in connection with or amendments in the current services, on the basis of the documents presented by customer EUR 75 or EUR 1001
Processing of Signature and Seal Samples Card in Citadele Bank free of charge
Change of signature and Seal Samples card EUR 50
Maintenance of current account2:
For legal entities EU non-residents EUR 50 per month3
if a payment card attached to account has expired, new card has not been issued to the customer, for the first year of card’s inactivity EUR 3 per month4
if a payment card attached to account has expired, new card has not been issued to the customer, for the second and further years of card’s inactivity EUR 15 per month4
Maintenance of inactive customer’s account2,5:
if there have not been customer’s initiated transactions performed on the account for more than 12 months and customer has no other contracts concluded with Citadele Bank EUR 75 per month4
if there have not been customer’s initiated transactions performed on current account for more than 3 years and customer has no other contracts concluded with Citadele Bank EUR 150 per month4
Renewal of the current account after its closure with the previous IBAN number (as agreed with Citadele Bank) EUR 100
Application of negative interest rate for the legal entity’s current account balance which is equal to or exceeds CHF 100 000, SEK 1 000 000 or DKK 750 0008 1% per annum
Closure of account:
if account is closed according to the customer’s initiative and less than 12 months have passed after opening of the account (the fee is applied only to accounts with no payment card attached) free of charge6
in other cases EUR 1007

Effective from 01.09.2017.

 

Attorneys for transactions with safe-box

Issuing of power of attorney in Citadele Bank for legal entities for transactions with safe-box EUR 10

Effective from 01.01.2015.

 

Escrow Account

Opening, servicing and closure of an escrow account free of charge
Processing of standard agreement of escrow account (lending excluded)9 0.4% of transaction amount (min. EUR 70)
Processing of non-standard agreement of escrow account (lending excluded) individually, information in Citadele Bank
Processing of amendments of escrow agreement (lending excluded, per each time10 EUR 30
Information presenting to escrow parties on account credit, escrow conditions fulfilment free of charge
Opening of current account in Citadele Bank for escrow parties free of charge11
Processing of escrow account agreement for legal entities, if escrow account is used within the lending transaction12 0.5% of transaction amount (min. EUR 145, max. EUR 715)

Effective from 01.03.2016.

 


1 In instances of change of Signatures and Seal Samples Card, additional fee for change of Signatures and Seal Samples Card is not applied.
2If currency of the account is not EUR, fee is charged in equivalent.
3 If there are insufficient funds with the account for charging a fee or commission, the charges are accrued and carried forward to the next month. If customer has several current accounts, then commission is charging for one account at the discretion of the bank.
4 Till account balance is zero.
5 Not applicable if the current account maintenance fee determined for legal entities – EU non-residents is applicable.
6 If account balance exceeds zero at the moment of the closure of the account, commission fee is charged for the amount of the balance of the account, but not exceeding EUR 100.
7 Fee is applied if account balance is less than indicated amount.
8 Applicable for the entire amount of the current account balance for the actual days when the account’s end-of-the-day balance is equal to or exceeds the specific amounts.
9 Processing of escrow account agreement for legal entities – SIA “Citadele līzings un faktorings” (CLF) customers, if escrow account is used within transaction, when the loan is issued by CLF, for Rural support service project realization – EUR 25.
10 Processing of amendments of escrow account agreement for legal entities – SIA “Citadele līzings un faktorings” (CLF) customers, if escrow account is used within transaction, when the loan is issued by CLF, for Rural support service project realization – EUR 25 (per each time).
11 In cases if current account shall not be used for further business activity transactions or private payments.
12 Commission fee may be increased in specific instances.