ABLV Bank Account

Our company specialises in 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. As in many European countries, the economy of the Republic of Latvia is currently in a state of recession. However, the economic difficulties in the region have not led to the degradation of the banking system. On the contrary, the lack of domestic clients has prompted Latvian banks to focus on foreign clients, attracting them with a large number of options, high quality of service and exceptional flexibility in opening accounts. One such bank is ABLV. Our company offers you to open a multicurrency 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 multicurrency account and merchant accounts for Internet companies as an organization of acquiring system elements, allowing you to receive and send 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 slightly longer than in other foreign banks. Below is the basic information regarding 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 English-speaking staff	All employees speak English well
Branch or representative office in London	No
Representative offices in other European countries	Ukraine
Internet banking	Yes
Internet banking implementation	DIGIPASS (code cards)
Other remote account management options	Telephone banking
Plastic cards	VISA, Master Card
Initial deposit amount	Not set
Official site	www.ablv.com

A foreign currency account with ABLV Bank allows the client not to resort to currency conversion when making or receiving payments, which significantly reduces operating costs. ABLV Bank’s tariffs are lower than those of most European banks, and the cost of maintaining accounts is not too high.

Tariffs for the main services of ABLV Bank

Current account maintenance	20 EUR per month
Commission on operations	Up-to-date information is available on the bank’s website
Cost of cards	Visa / Master Card Classic – 50 EUR per year Visa / Master Card Gold – 100 EUR per year
Internet banking service	Free

Current account with ABLV Bank

Our company will quickly open an account for you with ABLV Bank. We will prepare and fill out bank forms and necessary forms for you, translate and apostille documents. In addition to the list below, the bank will require information about the purpose of using this account or merchant account, the activities of the company and the beneficiaries.

List of documents required to open a foreign currency account with ABLV Bank:

• Certificate of company registration
• Company charter
• Document on the appointment of a director
• Power of attorney for the account manager
• Certificate of Good Standing (for companies over 1 year old)
• Passport or other identity document for the account manager

If you decide to open an account with ABLV Bank, we suggest using our services. You will only need a minimum set of documents, our specialists will do the rest. We will do our job quickly and efficiently. Contact us.