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Opening an account in Rietumu Bank (Latvia)

Opening an account in Rietumu Bank (Latvia)
  • Price:800 eur
  • Term:10-12 days
About bank

Rietumu Bank is a Latvian commercial bank founded in 1992.

It is one of the largest private banks in the Baltic States, specializing in servicing wealthy private and corporate clients. The head office of Rietumu banka Latvia is located in Riga.

At the same time, the bank is represented all over the world and offers a wide range of financial services to clients with companies in Europe, the Baltic States, Ukraine and other regions.

Name
Rietumu Bank
Category
Operational
Opening date
10-12 days
Price
800 eur
Bank Features
  • MasterCard, Visa cards;
  • multilingual staff, speaks Russian;
  • multicurrency accounts and processing;
  • services for E-commerce business;
  • participant of the system of protection of depositors (investors);
  • modern mobile Internet banking Rietum.
Who are the accounts for?

Rietuma banka serves corporate clients who have business connections in the EU and a real presence in the country of registration (office, reporting, local staff, etc.). Accounts for individuals are opened only if there is a real connection with Latvia.

Account types

Current and processing accounts.

Bank rates
Account opening cost:
personal
no commission
corporate
350 EUR
processing
from 500 EUR
Commissions:
for customer identification
100 EUR
for verification of documents
250 EUR
Minimum account balance:
personal
50 000 EUR
corporate
100 000 EUR
Account maintenance from the 3rd month:
personal
30 EUR/month
corporate
200 EUR/month
Account closing:
personal and corporate
100 EUR
Bank visit

According to the procedure for opening an account with Rietumu Bank, a personal meeting with a representative of the bank is required. Upon agreement, our specialists can organize such a meeting in Ukraine (Kyiv).

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Organization of a meeting with the manager of Rietumu Bank in Ukraine
4
Signing bank forms
5
Sending documents to the bank
6
Positive response from the bank
7
Gaining access to the account

Please note that according to international account opening standards, each bank is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming the identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, please contact specialized lawyers for preliminary advice on opening foreign accounts, and we will tell you all the nuances of how to open an account with a Latvian bank - Rietumu Banka.

Popular questions
What types of accounts does Rietumu Bank (Latvia) open?
The Bank opens settlement and processing accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
What is the term for opening an account in Rietumu Bank (Latvia)?
The opening period varies depending on the complexity of the client and the type of account, on average - 10-12 days.
Is it possible to open an account in Rietumu Bank (Latvia) online?
According to the procedure for opening an account in Rietum, a personal meeting with a representative of the bank is required; upon agreement, the meeting can take place in Ukraine.
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