Account Opening for Foreign Customers
Regional Development and Sales Department
Rietumu bank’s customers can open all types of accounts linked to various financial products: accounts and card accounts, savings, investment and escrow accounts.
Both private and corporate entities are eligible to open accounts in Rietumu. To start working with the bank, it is necessary to open a currency account.
All accounts have IBAN format numbers in line with an international standard for identifying bank accounts in EU countries.
You can manage your Rietumu accounts:
You can monitor your accounts using M-bank system, allowing to receive email or mobile phone notifications.
Our experienced specialists offer advisory services and assistance in choosing and opening an account. These specialists will also professionally help you in further cooperation with Rietumu.
You can use this account for transfers, currency exchange, automatic transfers, residual cash inflow management and other bank operations.
The list of acceptable currencies that can be accepted for accounts servicing, transfers, paid out in cash, credited and held on the accounts of the client: EUR, CHF, JPY, RUB, AMD, BYN, CNY, CZK, KZT, NOK, PLN, SEK
Account gives you the following advantages:
Bank account service implies the following rules:
Card account is opened for every credit card in one currency. You can use funds held on a card account to pay for goods and services with a card (in stores and Internet), as well as to withdraw cash in ATMs worldwide.
You can use funds on your card account whether yourself, or you can authorise other individuals to – for this purpose you need to apply for a supplementary card, which will be tied to your account.
Card account allows using direct debit service, i.e. to pay regular invoices automatically; it also allows transferring funds from current to a card account.
Investment account for securities transactions. Customers of Rietumu bank can avail of a comprehensive range of investment services, including FOREX deals, electronic trading platforms, purchase/sale of futures, shares, bonds, contracts for difference, securities loans, investment funds and trust asset management.
An escrow account assists with sale/purchase transactions, including real estate deals by reducing the risk between the involved parties to the minimum. The buyer, the seller and the bank sign an agreement in which they mutually agree on the documents necessary and the terms and conditions of a deal to be carried out, whereas the bank controls observance of these terms conditions. The escrow account can be used for the deals financed by Rietumu and in other cases.
Basic Account of Consumer
JSC “Rietumu Banka” (hereinafter – Bank) ensures that natural persons - consumers and residents of the European Union receive the service “Basic Account of Consumer” for the purposes of the Law on Payment Services and Electronic Money.
To receive the service “Basic Account of Consumer” and if you have any questions about the service please apply to the Bank’s Operation Hall in the Headquarters in Riga.
The Bank takes the decision on provision of the service “Basic Account of Consumer” within 10 (Ten) business days from the date when all documents requested by the Bank have been submitted. Service “Basic Account of Consumer” may be refused in cases specified in the Law on Payment Services and Electronic Money.
It is not required to use other products and services of the Bank in order to receive the service “Basic Account of Consumer”.
Tariffs for a Basic Account of Consumer