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RIETUMU Bank Account

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RIETUMU Banka is a Latvian commercial bank that was established in 1992. With its head quarter located in Riga, it is one of the largest private banks in the Baltic States, specializing in corporate banking and affluent individuals. The Bank is well represented in the global market, providing a full range of financial services to customers all over Europe and other regions. The bank’s services include not only standard banking products, such as crediting, financing trade operations, deposits and international payments, but also it provides consulting services (including tax consultations), brokerage services, asset management, and assistance in obtaining a residence permit in Latvia.

We are glad to assist you with the account opening in Rietumu Bank.

Country of registration:Latvia
Year of foundation:1992
Languages supported:English, Russian, and Latvian.
Currencies supported:Multi-currency account including USD, EUR, CHF, JPY, RUB, GBP. Other 90 currencies remittance available through Cross-Currency EUR Payment.
Type of account:Personal account and business account
Documents required for the account opening:Personal account: passport, proof of residence, and signed bank's forms.
Business account: certified copies of corporate documents, passport, proof of residence, and signed bank's forms.
Personal appearance of beneficiaries:The visit in one of the bank's offices is required.
Restrictions on the account opening:Hong Kong, Singapore, and EU registered companies.
Processing time of the account opening:5-7 working days, with all required documents provided. 
Minimum deposit required:EUR 10,000 (not frozen)
Minimum balance required:EUR 10,000
Internet-banking:Available (free of charge)
Debit / ATM cards:Available (Visa and MasterCard)
Credit cards:Available (MasterCard Signia), EUR 30,000 security deposit required.
Personal banker:Available
Fee charged by the Bank for account opening:EUR 250
Maintenance fee:EUR 20 per month
Charge for incoming funds:Free of charge
Charge for outgoing funds:Min EUR 15, max EUR 80. The fee depends on the remitted currency and the area of the transfer.

Terms and conditions are subject to change.

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