Account with ABLV Bank
Our company provides services for opening accounts with ABLV Bank for legal entities and individuals, as well as connecting Internet acquiring to merchant accounts of this financial institution. ABLV Bank is located in Latvia. This country is a member of the European Union, so deposits are guaranteed by the state. Like in many European countries, the economy of the Republic of Latvia is currently in recession. However, economic difficulties in the region have not led to the degradation of the banking system. On the contrary, the lack of clients within the country has prompted Latvian banks to focus on foreign clients, attracting them with a large number of options, high quality of service and extreme flexibility in opening accounts. One such bank is ABLV. Our company offers you to open a multi-currency account with ABLV Bank.
ABLV Bank was founded in 1993 and was called “Aizkraukles banka” (Aizkraukle Bank). Already at the beginning of its activity, it carried out large-scale work on servicing foreign clients. The bank became one of the first Latvian banks to implement Internet banking systems. Since 2011, it has changed its name to ABLV and has successfully mastered the field of lending and investment management. Today, ABLV Bank is a member of the Association of Latvian Commercial Banks and is the largest among independent private banks in Latvia.
Opening an account with ABLV Bank
ABLV Bank offers its clients a wide range of settlement and cash services, its own online account management system, the possibility of opening a multi-currency account and merchant accounts for Internet companies as an organization of acquiring system elements that allow receiving and sending payments in almost any currency in the world.
Currently, Latvian banks are not interested in excessive formalism when working with new clients. For this reason, ABLV Bank may be one of the candidates for participation in schemes involving the complete concealment of beneficiaries. Opening an account without a personal presence takes 2-3 weeks, which is somewhat longer than in other foreign banks. Below is the basic information related to opening an account with ABLV Bank.
| Account opening fee | 400 EUR |
| Terms | 2-3 weeks after the bank receives all the documents |
| Presence at the bank | Not required |
| Availability of Russian-speaking staff | All employees speak Russian fluently |
| Branch or representative office in Moscow | No |
| Representative offices in other European countries | Ukraine |
| Internet Banking | Available |
| Internet banking implementation | DIGIPASS (code cards) |
| Other remote account management options | Telephone banking |
| Plastic cards | VISA, Master Card |
| Initial deposit amount | Not set |
| Official website | www.ablv.com |
A foreign currency account with ABLV Bank allows the client to avoid currency conversion when making or receiving payments, which significantly reduces operating expenses. ABLV Bank’s tariffs are lower than those of most European banks, and the cost of maintaining accounts is not too high.
Tariffs for basic services of ABLV Bank
| Current account maintenance | 20 EUR per month |
| Commission on transactions | Up-to-date information is available on the bank’s website |
| Card fees | Visa / Master Card Classic – 50 EUR per year Visa / Master Card Gold – 100 EUR per year |
| Internet banking maintenance | Free of charge |
Current account with ABLV Bank
Our company will quickly open an account for you with ABLV Bank. We will prepare and fill out the bank forms and necessary applications for you, as well as translate and apostille the documents. In addition to the list below, the bank will require information about the intended use of this account or merchant account, the company’s activities, and the beneficiaries.
List of documents required to open a foreign currency account with ABLV Bank:
• Certificate of company registration
• Company’s Articles of Association
• Document of appointment of the director
• Power of attorney for the account manager
• Certificate of Good Standing (for companies older than 1 year)
• Passport or other identity document for the account manager
If you have decided to open an account with ABLV Bank, we invite you to use our services. You will only need to provide a minimum set of documents, our specialists will do the rest. We will carry out our work quickly and efficiently. Contact us.
