Opening a salary account is the first step in your cooperation with Swedbank. Along with opening an account you get the access to a wide range of modern services and advantages of Swedbank customers. Your account can be used for receiving your regular income (salary, pension, allowance, etc.) as well as for all kinds of transactions in Latvian lats and other currencies.
You can apply for an account at Swedbank and order a payment card right here on the website by filling out this application form.
- Please provide information about yourself and choose the card which suits you best.
- As soon as the card is ready, you will receive an invitation to collect the card at the Swedbank branch you selected to the phone number you supplied.
- Make sure you have your passport or ID card with you when visiting the branch.
- Opening and maintaining an account is free of charge!
Having an account in Swedbank will ensure the following at your disposal:
Various solutions for paying bills - we have ensured that paying bills via Swedbank Internet banking is easy and convenient
Payments within Swedbank - the fastest payments that are completed in several minutes' time and are free of charge
Payments to other banks of Latvia - fast and secure transactions in local currency to your account or other person
International payments - fund transactions to a beneficiary whose account is in a foreign bank, as well as payments to other Latvian banks in foreign currency
Other Swedbank accounts
Escrow account - to minimize the risk between partners in case of buying or selling real estate, cars or other property by securing the deal
Securities account - for depositing securities and for making payments pertaining to securities transactions
Receive your salary in your Swedbank account and use 218 day-to-day services for free
Opening an account and receiving your regular income in it will make managing your finances more convenient and beneficial.
You will have 218 free day-to-day services at your disposal, including the best Internet banking site in Latvia that offers quick and convenient fund transactions, account statements, budget planning tool for easier planning of your expenses, and many other functions.
Use up to 17 currencies in one place
Possibilities and conditions for account opening
You can open a bank account in any of Swedbank branches. You will need the following documents:
- Personal identification document - passport or ID card (for residents of Latvia - citizens and non-citizens)
- For minors (residents of Latvia - citizens and non-citizens):
Age Required documents Additional requirements From 7 to (and including) 14 years
- Certificate of birth
- Passport or id card (if exists)
must come together with at least one of the parents or legal guardians (parent(s) or guardian(s) must have their passports or ID cards with them) 15 years old
- Certificate of birth
- Passport or id card (obligatory)
must come together with at least one of the parents or legal guardians (parent(s) or guardian(s) must have their passports or ID cards with them) from 16 years old Passport or id card
- For non-residents (including persons with residence permits in Latvia) - identification document valid for travelling (passport, ID card) and Latvian residence permission (if exists).
If a non-resident wants to open an account, including persons with residents permits in Latvia, the bank evaluates the necessity of account opening, which might take up to 3 weekdays. In the evaluation process the bank may require additional documents, for example, documents regarding employment, studies, real estate ownership in Latvia or regarding starting or reuniting of the family in Latvia.
If you wish to switch your current account from one of the Latvian commercial banks to Swedbank, all the actions regarding closing and switching of your account in another bank are carried out by Swedbank according to the united principles of switching account for private individuals, developed by the Association of Commercial Banks of Latvia.
These principles cover your rights to switch your account and/or associated transaction (direct debit or standing orders) from one Latvian bank to another. According to them the switching takes up to 45 working days.
Additional information may be found on the website of the Association of Commercial Banks of Latvia.
Swedbank accounts are multi-currency accounts, in which you can keep 17 different currencies
Swedbank offers multi-currency accounts, which means that you don't have to open separate accounts for each currency, since your account will be suitable for keeping 17 different currencies: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HUF, JPY, LTL, LVL, NOK, PLN, RUB, SEK, SGD, USD.
If there is only one currency marked as "allowed" on an account, for example LVL, EUR or USD, it means that in case funds are credited in a currency that is not on the "allowed" list, they will get converted to the base currency of the account. Example: a credited RUB transaction remains in RUB if it is an allowed currency on the account. And a credited RUB transaction will get converted to LVL, if LVL is the base currency and RUB is not allowed.
You can convert currencies at any time on the Internet banking site
If you have to work with different currencies we suggest you mark all of them as allowed on your account. After that you will be able to make currency exchange by yourself at any time via Internet banking, in the section Day to day banking / Currency exchange. In the same section you can see the list of available currencies.