Ajman Offshore Company
Ajman Offshore Company

Rietumu Bank Latvia

Description

About the Bank

Please note that this Bank will NOT open accounts for American Companies, American Nationals or anyone dealing with the USA.

Rietumu Bank is one of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals. It offers a full range of banking and financial services to both domestic and international customers. Customers support is available in English, French, Russian and Latvian.

The bank was established in 1992. It has branches in Latvia, France, Russia, Kazakhstan, Belarus, Romania, Ukraine, Armenia, Azerbaijan and China.

Currently the bank has over €1.6 billion in assets.

Required Corporate Documents

We will prepare and submit all required corporate documents to the bank upon application. Please note that if the company is more than a year old, additional documents may be required at further cost.


Required Personal Documents

The bank requires the following personal documents from each account signatory:



Personal Visit

A face-to-face meeting is required either with us in our London offices, or with a representative of Rietumu bank in any of their branches.


Initial Deposit

Initial deposit is required of €250 after the bank account is opened.


Minimum Balance

No minimum balance requirement.


Online Banking

The bank offers advanced online banking including:


Certain transaction limits can be set as an additional security element when performing transactions via Internet-banking. By default, unless noted otherwise when logging in, the following limits are set out:


Clients may also work with their accounts on the go. The bank offers applications for iPhone, iPad and iPod, which allow clients to see history of transactions and make some limited payments in a secure way.


Clients have access to their accounts 24/7.



Debit and Credit Cards

The bank offers debit cards Visa and MasterCard. Debit card account is linked to the clients’ bank account. As a result, clients have the following advantages:



There are no credit limit and security deposit for debit cards. As soon as a client has a positive balance on his credit card account, he may use the card.

The bank also provides credit cards Visa, MasterCard and American Express. Security deposit is required.

The credit cards come without credit limit, meaning that client can only spend amount transferred to the card account. Client can request a credit limit against an extra deposit placed with the bank.


Time Required

The bank usually opens accounts within 7 to 10 business days.


Currencies

The bank opens multi-currency accounts, which allow operating in all major currencies through one bank account.

A multiple currency account gives you the following advantages:


Bank account service implies the following rules:


Bank Fees

Bank Account Fees:



Debit Card Fees:



Other Bank Services

The bank offers deposit accounts with interest rate up to 5% for Euro deposits and up to 4% for US Dollar deposits; all types of Asset Management and Brokerage products.

The bank works and accepts all types of Letters of Credit and Bank Guarantees.



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