Rates, Charges and Documents

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Banking
Investments
  • Settlement and Cash Services

    Go to the service page "Current Account"Current Account

    Rates and Charges for Foreign Customers

    Current account opening


    Individuals

    Legal entities

    Internetbank registration free of charge free of charge

    First electronic code card issue

    free of charge

    free of charge


     

    Current account maintenance


    Individuals

    Legal entities

    Internetbank maintenance free of charge free of charge

    Notification on current account transactions (SMS or e-mail)

    free of charge

    free of charge

    Unblocking of the Internetbank user ID and change of the Internetbank password free of charge free of charge
    Change of the current account password free of charge free of charge


     


    Internetbank and authorization tools

    Internetbank registration, unblocking, and password change

    free of charge
    First electronic code card issue

    free of charge

    Electronic code card

    card change

    free of charge

    Digipass 270 or
    Digipass 300 Comfort

    issue or change

    free of charge

    unblocking

    free of charge

    Mobile Digipass issue free of charge

    References, statements and reports

    Account statement or report upon request

    for current calendar year 15 EUR + VAT

    for previous years

    30 EUR + VAT

    Other kind of reference (including references addressed to auditors or the State Revenue Service)

    100 EUR + VAT

    Reference notarization

    50 EUR


    Other services

    Courier mail1

    delivery within Latvia

    5 EUR

    delivery to another member state of the European Union 40 EUR
    delivery to Russia, Belarus, Ukraine 40 EUR
    delivery to other countries 60 EUR

    Arranging translation of identification documents

    actual expenses


    1 The maximum weight per package is 1.5 kg.

    Go to the service page "Payments"Payments to Cash Account

    Outgoing payments in EUR for individuals and Latvian legal entities
    Payment type In Internetbank In other cases Cut-off time1
    Beneficiary bank is within EEA2 and payment does not exceed 1 000 EUR
      standard free of charge 5 EUR 15:00
    Beneficiary bank is within EEA2 and payment exceeds 1 000 EUR
      standard 0.35 EUR 5 EUR 15:00
    Beneficiary bank outside EEA2:
      standard 15 EUR 25 EUR 15:00


    1 Payments of all types (standard, urgent, express) are processed by the Bank on bank days, provided the payments are received by the Bank before the stated cut-off time (Latvian time), and the funds are transferred to the beneficiary, beneficiary bank, or intermediary bank on the payment processing date
    2 The EEA countries are all member states of the EU (Austria, United Kingdom, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Croatia, Estonia, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden), as well as Iceland, Liechtenstein, and Norway.
     

    Outgoing payments in EUR for foreign legal entities
    Payment type In Internetbank In other cases Cut-off time1
    Beneficiary bank is within EEA2 and payment does not exceed 10 000 EUR
      standard 10 EUR 20 EUR 15:00
    Beneficiary bank is outside EEA2 or payment exceeds 10 000 EUR
      standard 15 EUR 25 EUR 15:00


    1 Payments of all types (standard, urgent, express) are processed by the Bank on bank days, provided the payments are received by the Bank before the stated cut-off time (Latvian time), and the funds are transferred to the beneficiary, beneficiary bank, or intermediary bank on the payment processing date
    2 The EEA countries are all member states of the EU (Austria, United Kingdom, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Croatia, Estonia, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden), as well as Iceland, Liechtenstein, and Norway.

    Correction, cancellation, investigation, and refund of a payment

    Cancellation or refund of payment to an account with ABLV Bank, AS in liquidation1

    10 EUR

    Correction, cancellation, or investigation of other payment that is made to / from a bank:

        in Latvia

    10 EUR

        outside Latvia

    100 EUR + actual investigation costs or in accordance with Rates and Charges of a correspondent bank


    1 Only provided consent by the beneficiary, to whom funds have been credited according to initial payment details. The commission is paid by the service requestor.

    Go to the service page "Cash Services"Cash Services

    Cash withdrawal1

    EUR (coins and banknotes)
    0,2%, min. 3 EUR

    USD (banknotes)

    0,5%, min. 3 EUR

    Cash deposit

    EUR (coins and banknotes)
    3 EUR

    USD (banknotes)

    0.2%, min. 3 EUR, max. 50 EUR


    1Withdrawal of third-party funds only.

    Download documents

  • Loans/Liabilities

    Go to the service page "Loans/Liabilities"Mortgage Loans

    Mortgage Loan

    Amendments to conditions:


        changing the repayment date

    30 EUR

        in collateral agreements, including changing the pledger

    1% of the loan balance, min. 500 EUR

        novation of the loan / collateral agreement

    1% of the loan balance, min. 500 EUR

        amendments to other conditions

    1% of the loan balance, min. 100 EUR

    Processing of additional collateral

    free of charge

    Documents processing in case of early repayment

    free of charge


    Personal loan for refinancing of liabilities

    Amendments to conditions

    50 EUR

    Documents processing in case of partial early repayment

    free of charge

    Fixed interest rate on the capital use, p.a. 14%

    Other Services for Individuals

    Pledge registration with Riga or Riga district Land Register, or Enterprise Register, or amendments to it

    50 EUR + VAT +actual expenses

    Processing or review of Refinancing agreement1

    1 000 EUR

    Scheduled privatization on behalf of the customer

    50 EUR + VAT + actual expenses

    Pledge inspection

    50 EUR + VAT

    Giving a consent2


        to actions with the pledged real estate

    30 EUR + VAT

        for other purposes

    subject to negotiation, min. 50 EUR + VAT

    Discharge of encumbrance or mortgage in Land Register

    30 EUR + VAT


    1 The charge applies in case when customer refinances its liabilities to the Bank to another credit institution or, when collateral is sold that secures execution of liabilities to the Bank and the amount of sale is directed to execution of liabilities of customer to the Bank and an interbank agreement is entered into about a respective transaction.
    2 If document notarization is required, the customer shall also pay for the notary services.

    Go to the service page "Loans/Liabilities"Loan for Business Needs

    Loans for Corporate Entity1


    Extension of the term


      up to 150 000 EUR

    2% of the loan amount, min. 500 EUR

      above 150 000 EUR

    1% of the loan amount

    Credit interest rate (on the loan use and overdue)

    determined individually

    Commitment fee2

    1% p.a. of the loan amount not disbursed

    Amendments to conditions

    0.2% of the loan amount, min. 500 EUR

    Supervision of construction

    actual expenses

    Processing of documents in case of partial or complete early repayment of the loan

    1% of the amount being repaid, min. EUR 500


    1 The fees are charged in the loan currency. If the stated currency of the fee differs from the loan currency, the fee is debited in the loan currency, performing currency exchange at the currency exchange rate set by the Bank as at the moment of withholding the fee.
    2 The fee is applied in case of extending the term of the loan disbursement beyond the standard one set forth in the loan agreement.

    Other Services

    Registration of pledge, novation or discharge of pledge with public registers of Latvia or other countries

    50 EUR + VAT + actual expenses

    Registration of purchase agreement with the State Land Service

    50 EUR + VAT + actual expenses

    Go to the service page "Loans/Liabilities"Long-Term Commercial Loans

    Loans1


    Extension of the term


      up to 150 000 EUR

    2% of the loan amount, min. 500 EUR

      above 150 000 EUR

    1% of the loan amount

    Credit interest rate (on the loan use and overdue)

    determined individually

    Commitment fee2

    1% p.a. of the loan amount not disbursed

    Amendments to conditions

    0.2% of the loan amount, min. 500 EUR

    Supervision of construction

    actual expenses

    Processing of documents in case of partial or complete early repayment of the loan

    1% of the amount being repaid, min. EUR 500


    1 The fees are charged in the loan currency. If the stated currency of the fee differs from the loan currency, the fee is debited in the loan currency, performing currency exchange at the currency exchange rate set by the Bank as at the moment of withholding the fee.
    2 The fee is applied in case of extending the term of the loan disbursement beyond the standard one set forth in the loan agreement.

    Other Services

    Registration of pledge, novation or discharge of pledge with public registers of Latvia or other countries

    50 EUR + VAT + actual expenses

    Registration of purchase agreement with the State Land Service

    50 EUR + VAT + actual expenses

    Go to the service page "Loans/Liabilities"Short-Term Commercial Loans

    Short-term loan for LC financing / for LC’s issuing bank financing1
    Amendments to conditions
    100 EUR


    1 The fees are charged in the overdraft/short-term loan currency. In case of fixed fee, it is charged in the fee currency by making invoice to the client.

    Overdraft and short-term loan rates (on the capital use and overdue), p.a.1
    Interest on the capital use under issued technical overdraft
    60% (per year)


    1 The interest rates provided are indicative; interest rates are determined individually in each particular case.

  • Insurance

    Go to the service page "Insurance"Insurance

    Service fees  
    Preparing insurance policy free of charge
    Check of submitted policy of an insurer accepted by the bank1 free of charge
    Check of submitted policy of an insurer not accepted by the bank 150 EUR


    1 To see the list of insurance companies accepted by ABLV Bank, AS, visit the bank’s website or refer to the bank.


    Pledged property insurance terms  
    Maximum allowable own risk:  
        apartment 150 EUR
        private house 750 EUR
        commercial object determined individually
    Reinstatement value per 1 m2  
        apartment, private house 1 000 EUR
        commercial object determined individually
  • Documentary Operations

    Go to the service page "Documentary Letters of Credit"Documentary Letters of Credit

    Receiving Export Letter of Credit (the Bank’s Customer is a Seller of Goods)

    Advising on issuing/ increasing the amount

    0.1% of the amount, min. 200 EUR, max. 1 000 EUR

    Taking-up of documents (per set of documents1)

    0.2% of the amount specified in documents, min. 200 EUR

    Repeated taking-up of documents in case of their replacement (per document) 100 EUR

    Handling

    50 EUR per month

    Letter of credit investigation

    50 EUR

    Amendment of conditions: advising, transferring

    100 EUR

    Advising on assignment of proceeds 0.1% of the amount, min. 200 EUR, max. 1 000 EUR
    Issue of / advising on amendment of assignment of proceeds 100 EUR

    Presentation of discrepant documents2

    50 EUR

    Expiry of the letter of credit without utilisation, or cancellation

    100 EUR


    1 All documents relating to a single shipment document are considered a set of documents. Several railway bills are considered a single shipment document if they are included in a single bill.
    2 The commission is paid by the letter of credit receiver.


    Additional Services

    Issuance of reference concerning documentary operations

    100 EUR

    Sending information via SWIFT (per message)

    10 EUR

    Long-distance call

    actual expenses

    Go to the service page "Bank Guarantees"Bank Guarantees

    Issuing Guarantee


    Application review1

    150 EUR


    Issuing (if the client pays commission in advance before the guarantee maturity date)2

    1% of the amount p.a., min. 150 EUR


    Issuing2

    1.3% of the amount p.a., min. 150 EUR3

    Amendment of conditions: issuing, changing cover type

    100 EUR


    Request for payment under guarantee 0,2% of the amount, min. 200 EUR
    Taking-up of documents for guarantee amount reduction (per set of documents4)

    0.2% of the amount specified in documents, min. 200 EUR


    Cancellation

    100 EUR


    Confirmation5
    upon request


    1 Including preparing/amending draft guarantee.
    2 Commission shall be applicable in case a cover account is used to cover the guarantee liabilities. In other cases, additional commission shall be applicable, as agreed upon with the Bank. Commission shall be calculated for the guarantee period, assuming in calculations that a year consists of 360 days and a month consists of 30 days.
    3 This commission shall be applied for the preceding month, if in the preceding month the client has failed to provide funds available to the Bank for withholding commission in advance before the guarantee maturity date. Commission shall be withheld once per month: at the beginning of the month for the preceding month or when closing the guarantee. At least minimum commission shall be withheld for the whole guarantee period.
    4 All documents relating to a single shipment document are considered a set of documents. Several railway bills are considered a single shipment document if they are included in a single bill.

    5 Commissions of the confirming bank shall be charged in addition to the commissions of ABLV Bank, AS.


    Receiving Guarantee

    Advising on issuing/ increasing the amount

    0,1% of the amount, min. 200 EUR, max. 1 000 EUR

    Advising on issuing guarantee in paper format

    200 EUR

    Advising on amendment of conditions

    100 EUR

    Request for payment under guarantee

    0,2% of the amount, min. 200 EUR

    Cancellation

    100 EUR


    Additional Services

    Issuance of reference concerning documentary operations

    100 EUR + VAT

    Sending information via SWIFT (per message)

    10 EUR

    Long-distance call

    actual expenses

    Download documents

  • Safe Deposit Boxes

    Go to the service page "Safe Deposit Boxes"Safe Deposit Boxes

    Individual Safe Deposit Box Rental

    Safe Deposit Box Type

    Internal Dimensions of Safe Deposit Box —
    height x width x depth (mm)

    Charge (per month)

    S

    55 x 260 x 400

    20 EUR

    M

    145 x 260 x 400

    30 EUR

    L

    245 x 260 x 400

    45 EUR

    XL

    180 x 560 x 400

    55 EUR

    XXL

    280 x 560 x 400

    65 EUR

    XXXL

    435 x 560 x 400

    75 EUR


    Related services

    Safe Deposit Box Management (per month)

    10 EUR1

    Safe Deposit Box keys keeping in the Bank

    free of charge

    Safe Deposit Box сontents keeping in common safe upon expiry of the rental rights

    double rental charge

    Forced opening of the Safe Deposit Box (one-off charge)

    150 EUR

    Safe Deposit Box’s lock replacement with issuing new key (one-off charge)

    150 EUR


    1 The charge for this service does not include the Safe Deposit Box rental charge.

    Download documents

  • Savings

    Go to the service page "Savings"Savings

    Deposit with Interest Repayment at the End of the Term

    Interest rates per annum valid from February 21, 2018. 3 month 6 month 12 month
    USD

    10 000 … 1 000 000

    1.43

    1.60

    1.89

    EUR

    10 000 … 1 000 000

    0.00

    0.00

    0.00


    Additional Conditions

    Placing a deposit

    free of charge

    Deposit premature withdrawal

    free of charge

    Short-term deposit

    Interest rates (p.a.) Up to 30 days
    USD

    1 000 000 and more

    0.94

    EUR

    1 000 000 and more

    0.00


    Additional Conditions

    Placing a deposit

    free of charge

    Deposit premature withdrawal

    free of charge

    EXTRA deposit

    Interest rates (p.a.) 6 month
    USD

    10 000 and more

    5.00

    EUR

    10 000 and more

    5.00

    GBP 10 000 and more 5.00
    RUB 500 000 and more 5.00

    Additional Conditions

    Placing a deposit

    free of charge

    Deposit premature withdrawal

    free of charge

    Card Credit or AMEX Guarantee Security Deposit1

    Interest rates (p.a.)


    USD

    1,00

    EUR

    0,00

    GBP

    0,11


    1 At the end of deposit term, the Bank extends the current card credit or AMEX guarantee security deposit on new conditions and applies interest rate determined in the Rates and Charges to it. Interest for card credit or AMEX guarantee security deposit is paid once per calendar year, on the 1st of September.

  • Brokerage Services

    Go to the service page "Bond Market Transactions"Bond Market Transactions

    Bonds Transactions1

    Bonds denominated in USD

    0,08% (min. 100 USD)

    Bonds denominated in EUR

    0,08% (min. 100 EUR)

    Bonds denominated in RUB

    0,20% (min. 50 USD)

    Bonds denominated in other currency

    information available upon request


    1In some regulated markets additional duties and fees may apply (e.g., Stamp Duty, Financial Transaction Tax, etc.).

    Other Services

    Transaction confirmation in the Internetbank or via e-mail

    free of charge

    Go to the service page "Transactions in Stock, ETF and stock options markets"Transactions in Stock, ETF markets

    Stocks Transactions, including ETF (Exchange Traded Funds)1, 2

    Russia


        stocks, incl. ETF, denominated in USD

    0,25% (min. 50 USD)

        stocks, incl. ETF, denominated in RUB

    0,20% (min. 50 USD)

    USA (USA stock exchanges, OTC)


        stock price is up to 1.00 USD (including) 0.010 USD per stock (min. 50 USD)
        stock price is above 1.00 and up to 5.00 USD (including) 0.015 USD per stock (min. 50 USD)
        stock price is above 5.00 USD 0.025 USD per stock (min. 50 USD)

    Canada

    0.35% (min. 60 CAD)

    United Kingdom


        stocks, incl. ETF, denominated in GBP

    0,35% (min. 50 GBP)

        stocks, incl. ETF, denominated in USD

    0,35% (min. 50 USD)

    Switzerland, Denmark, Norway, Sweden, other Eurozone countries (excluding Greece)

    0,35% (min. 50 EUR)

    Latvia, Estonia, Lithuania

    0,35% (min. 25 EUR)

    Other countries

    information available upon request


    1 In some regulated markets additional duties may apply (e.g., Stamp Duty, Financial Transaction Tax, etc.). 

    2 Commission fee is charged in the transaction currency and is applied to all stocks traded on the regulated market of the respective country or on the multilateral trading system, regardless the issuer’s country of residence. In case minimum commission is applied, and the commission currency differs from the transaction currency, the commission is charged in the trade currency, taking into account Bloomberg exchange rate on the trade date.

    Other Services

    Transaction confirmation in the Internetbank or via e-mail

    free of charge

    Go to the service page "Transactions with Investment Funds Managed by ABLV Asset Management, IPAS"Transactions with certificates of mutual funds managed by other managers


    Transactions with certificates of mutual funds managed by other managers

    Selling of certificates of mutual funds managed by other managers

    information available upon request



    Other Services

    Transaction confirmation in the Internetbank or via e-mail

    free of charge

  • Securities Custody

    Go to the service page "Securities Custody"Securities Custody

    Financial Instruments’ Account

    Financial instrument custody1
         Financial instruments that are held with Nasdaq CSD SE:

            investment certificates of ABLV Asset Management, IPAS open-end investment funds

    free of charge

            financial instruments issued by ABLV Bank, AS

    free of charge

            other financial instruments

    0,12% (p.a.)

        Other financial instruments

    0,24% (p.a.)

    Financial instrument transfers2:

        book transfer

    free of charge

        from ABLV Bank, AS account to account in another bank

    0.1% of the market value3 (min. 50 EUR)


    1 The fee is calculated based on the portfolio monthly average market value equivalent in EUR. The fee is withheld monthly in EUR unless other currency is designated by a client. For the portfolios on Quik Trader ABLV trading platform the fee is withheld in RUB. The portfolio monthly average market value is calculated and the fee is withheld applying the respective currency rate set by the European Central Bank on the relevant day of the month. From the ABLV Asset Management, IPAS clients and from open-end investment funds managed by ABLV Asset Management, IPAS no fee is charged.

    2 Where an order for transfer is received by the Bank on a Bank day before 17:00 (Latvian time), the same Bank day is considered the day of accepting the order for execution, but in case the order for transfer is received after 17:00 (Latvian time), it is considered accepted for execution on the following Bank day.
    3 Market value is determined on the day of the client’s transfer order execution. If market value is not determined, the Bank determines it independently. The coupon income accrued is not included in calculation of bonds market value. The fee is withheld in the currency of financial instrument, if it is USD, EUR or RUB. In other cases the fee is withheld in EUR, converting at the Bank's general rate on the day of the transfer order execution. The Bank has the right to withhold an additional fee of 0.1% of the market value (min. 200 EUR), if transfer of financial instruments is made using the services of particular agency companies.


    Reports

    Investment portfolio status report:


        regular in the Internetbank (monthly / quarterly)

    free of charge

        upon request

    10 EUR (per report)

    Financial instrument transactions report (upon request)

    10 EUR (per report)



    Corporate Actions

    Participation in corporate actions1

    information available upon request (min. 50 EUR)

    Other Services

    Reference on the account status

    20 EUR + VAT

    Any other references

    100 EUR + VAT

    Transaction confirmation in the Internetbank or via e-mail
    free of charge

    1 The fee is applied, if participation in corporate actions takes place by the client order and is withheld in EUR.