Basic Account of Consumer

The Bank provides natural persons – consumers and residents of the European Union – with access to the “asic Account of Consumer” service in accordance with the Law on Payment Services and Electronic Money.

As part of the “asic Account of Consumer” service, the Bank offers:

• opening and servicing of a current account in EUR currency;
• receipt of identification and authorization tools;
• activation and use of remote management systems;
• crediting of funds to the current account;
• cash withdrawal at the central office of the Bank;
• non-cash transfers, also regular payments, if the recipient’s account is opened in the payment institution located in Latvia or the member state of the European Union or the European Economic Area.

To receive the service “Basic Account of Consumer” and the information on the service please contact 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 rejected 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”.