Account in Latvijas Pasta Banka
Latvia is the center of the Baltics and the most “Russian-speaking” of the republics of this region. Its advantages include both a favorable geographical location and a well-developed banking sector. The latter can also be said to be focused on close and comprehensive cooperation with foreign clients. Our company offers you the opportunity to open an account with Latvijas Pasta Banka.
Latvijas Pasta Banka is one of the most promising Latvian banks. Licensed in 2008. In the first year of its operation, Latvijas Pasta opened a number of correspondent accounts with Russian, German and Lithuanian banks. The Bank is a member of MasterCard, the worldwide card payment system. Since 2011, Latvijas Pasta Banka has been a member of the Association of Latvian Commercial Banks and is confidently building up its potential. Today, the bank’s interests allow it to develop in the field of Internet business and organize the connection of acquiring to the bank’s merchant account. The bank’s management has announced its intention to catch up with the leaders of the Latvian banking service.
Opening an account with Latvijas Pasta Banka
Latvijas Pasta Banka is a young bank that is rapidly gaining momentum. The range of services offered by the bank is quite extensive, factoring and e-commerce are worth mentioning separately. The bank’s e-commerce services provide its customers with access to the global electronic payments market. The Bank offers merchant account opening and Internet acquiring services for accepting credit card payments. Although these services are intended for a wide range of Internet companies, the bank is ready to work only with law-abiding low-risk Internet businesses.
Opening an account with Latvijas Pasta Banka can be done literally within 24 hours. Among the main advantages of the bank is the availability of Russian-language service. Below is a list of the main services provided by Latvijas Pasta Banka.
| Account opening fee | 600 EUR |
| Terms | Account details and Internet banking keys – within 24 hours |
| Presence at the bank | Not required |
| Availability of Russian-speaking staff | Available |
| Branch or representative office in Moscow | No |
| Representative offices in other European countries | No |
| Internet Banking | Available |
| Other remote account management options | Telephone banking, Digipass |
| Plastic cards | Master Card Standart/Gold/Platinum |
| Initial deposit amount | 70 EUR |
| Official website | lpb.lv/ru |
Foreign currency account in Latvijas Pasta Banka – will allow you to securely save your funds. There is also an opportunity to open a term deposit, which provides for the payment of interest not only at the end of the term, but also monthly.
The Bank provides its clients with ample opportunities for remote management of a current account with Latvijas Pasta Banka. This is Internet banking, a special Telephone banking system, as well as a system of electronic coding devices Digipass. Below is the basic information about the cost of these services.
Tariffs for basic services of Latvijas Pasta Banka
| Current account maintenance | 10 EUR per month |
| Transaction fee | Up-to-date information on the bank’s website |
| The cost of card maintenance | MasterCard Standard – 50 EUR per year MasterCard Gold – 120 EUR per year MasterCard Platinum – 300 EUR per year |
| Internet banking registration | Free |
| The cost of the Digipass coding device | 50 EUR |
| Connecting the Telephone Banking system | Free |
| Telephone Banking Fee | 10 EUR per month |
Current Account with Latvijas Pasta Banka
Opening an account with Pasta Banka is possible remotely. The bank strictly complies with all the requirements of regulators and is NOT a candidate for use in schemes involving the complete concealment of business owners. This bank is a financial institution that strictly follows the “Know Your Customer” principle. Working with Pasta Banka involves the unambiguous identification of the individuals who are the true owners of the account, the depth of due diligence at Latvijas Pasta Banka is quite large, and well-prepared documentation is required to pass them.
List of documents required to open a foreign currency account with Latvijas Pasta Banka:
• Certificate of registration
• Articles of Association
• Copy of the company’s list of participants (or shareholders)
• Power of attorney for the account manager
• Identity card of the account manager
Our specialists will competently fill out all special questionnaires and bank forms for you. In addition, our company also undertakes the translation and apostille of documents. We will do everything to make the account registration as quick as possible and are ready to provide any assistance in opening a bank account with this bank. If you are interested in an account with Latvijas Pasta Banka, please contact us.
