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Business Debit Card

Assistant for daily business purchases

  • Convenient daily payments for you, less work for your accountant.
  • Comprehensive transaction monitoring via Internet Banking and the mobile app.
  • Mobile contactless payments with the mobile app.
  • View card’s PIN code and card details in the app.
  • New! Manage card expenses easily
Payment cards compared
  • A debit card for all types of purchases in stores and online, as well as cash deposits and withdrawals.
    Paying in online stores requires the card to registered for secure internet shopping.
  • Convenient management of card transactions via Business Internet Banking or the mobile app which makes accounting easier for the company.

Activate Internet shopping for the card
  • New! Cardholder with internet bank access to company’s bank account, linked to payment card can check the card’s PIN code, card number, expiry date, Security code/CVC2 code in Swedbank app.
  • Order the card to your company's contact address.
  • Pay for your purchases easily with contactless payments! Add Business Debit card to Apple Pay, Google Pay, Fitbit Pay, Garmin Pay solution, or use Swedbank app to tap your Android phone.
  • Now in our mobile app you can see a list of places where your digitized card is linked to. Watch a tutorial.
  • Contactless payments with card up to EUR 50 without PIN entry.
  • Cards for several users can be linked to one account.
  • New cards are issued with the default limits.
  • Individual usage limits and user rights can be set up for the card after it’s issued (e.g. permit or not permit payments with the card, cash withdrawals/deposits, account balance checking).
  • Limits and rights on the Business Internet Banking site and the mobile app can be modified by users with full-access rights mode or by a legal representative who has the right to represent the company singly according to the Register of Enterprises regardless of the access rights mode.

  • The card can be ordered:

    • On the Business Internet Banking site;
    • By contacting the bank by phone on 67 444444;
    • In the nearest Swedbank branch.

    The most convenient option is to apply for and conclude the Card agreement on the Business Internet Banking site.
    The application can be filled out by any Internet Banking user of the company. The application must be confirmed and the Card agreement must be signed within 7 days by a user:

    • With full-access rights mode.
    • Who is authorized to represent the company singly according to the Register of Enterprises.
    • Who has logged in to Internet Banking with the Smart-ID or eID.

  • Card delivery within 5-10 days:

    • By post to the company’s contact address provided to the bank anywhere in the world. For security reasons, cards are sent by post inactive.
    • At any Swedbank branch all across Latvia.

Order the card
  • The card is renewed automatically if stated so in the Card Agreement or on the Business Internet Banking site, and its renewal satisfies the Card Agreement conditions.
  • Card renewal can be enabled or cancelled, and the card delivery method and address can be changed no later than 2 months before expiry date of the current card.
  • The renewed debit card will be delivered at least 1 week before expiration of the previous card to the company’s contact address provided to the bank or the relevant Swedbank branch.
  • For renewed cards, the PIN remains the same.
  • If the renewed card is received by post, it can be activated via Business Internet Banking here by users with the full or transaction access rights using any of the bank’s authentication tools or by the card holder by making a purchase in a physical store by inserting the card into the POS terminal and entering the PIN at the time of purchase or by performing the usual operations in an ATM.

Order the debit card to your company’s contact address

  • Delivery of cards by post is free of charge.
  • Make sure that a correct contact address of the company is provided before ordering the card.
Card ordered on a business day: Time and place of receipt
Spice or Ķīpsala branch Other branches or card delivery to an address
by 12.30 Within 5 hours On next business day
by 12.30 On next business day On business day after the next
Product/Service Price, EUR
Ordering and issuance
New or replaced card Also in cases when the card is lost, stolen, or damaged. Automated fee upon card activation. 6,00
Renewed card Issuance of the new card after validity period of previous card was expired is free of charge. Free of charge
Urgently produced card options 41,00 Accelerated production and delivery of cards can be ordered at a branch or by calling us on 67 444 444. The card can be collected at bank branches or at the company’s contact address specified to the bank.
Receiving
By post Free of charge
At a branch 6,00
Using
Monthly fee 0,00 - 2,00 Business debit card monthly fee:
- Standard - 2.00
- Newly created companies that open an account within 12 months of registering the company, first year - 0,00 		The card's monthly fee will be automatically debited from account in the beginning of every month.
Card purchases in Latvia and abroad Free of charge
Currency exchange markup 2,95% The fee is charged if the transaction (purchase or cash withdrawal) is made in a currency other than the card currency.Information on current Exchange Rates available on International Card Organization websites www.mastercard.com and www.visaeurope.com
Cash operations See Cash transactions via ATMs and Retail outlets
Changes in Card Agreement (incl. change in limits, permitted services, card delivery method) Easier via Internet Banking 6,00
Card claim processing Free of charge If processing of the claim involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.
Checking the account balance:
- In ATMs of Swedbank in Latvia Free of charge
- In other banks' cash machines in Latvia and worldwide 0,40
Printout of last 5 card transactions at Swedbank ATMs in Latvia 0,20
Changing and unblocking the card's PIN in Swedbank ATMs in Latvia Free of charge In case of entering PIN incorrectly three consecutive times in a POS terminal.
Closing
Closing the card Easier via Internet Banking Free of charge
Default card limits Limits, EUR
Purchases 1400
For cash withdrawals 1400
For cash deposits 15000

Effective from 19.08.2020.

documentTerms of usage of Cards for business

documentTerms of usage of Cards for business

If the card received by post:

  • If the card agreement for new or replaced card is already signed, the card can be activated via Business Internet Banking by a user with the full or transactions access rights mode or by a legal representative with the right to represent the company individually according to the Register of Enterprises regardless of the access rights mode. Renewed debit cards can be activated via Business Internet Banking by a user with the full or transaction access rights mode or by a legal representative with the right to represent the company individually according to the Register of Enterprises regardless of the access rights mode or by a card holder by making a purchase in a physical store by inserting the card into the POS terminal and entering the PIN at the time of purchase or by performing the usual operations in an ATM.
  • If the Card Agreement is not signed at the moment of ordering the card, the card can be activated via Business Internet Banking only together with signing the agreement.

    The Card Agreement may be signed by a person:

    • Who is authorized to represent the company singly according to the Register of Enterprises.
    • Who has logged in to Internet Banking with the Smart-ID or eID.

The Card Agreement may be signed by a person who is authorized to represent the company singly according to the Register of Enterprises and who has logged in to Internet Banking with the Smart-ID or eID.

At branch:

  • Before issuance, the card is activated by a branch employee.
  • If the Card Agreement is already signed by both parties, then the card can be collected by the company’s authorized signatory or the cardholder.
  • If the Card Agreement is not signed at the moment of ordering the card, then before receiving it the agreement must be signed by the company’s authorized signatory who, according to data at the bank’s disposal or Register of Enterprises, is authorized to represent the company.

Activate the card
  • If necessary, the card can be closed immediately or suspended temporarily on the Business Internet Banking site or the mobile app. A suspended card can be re-activated within 10 days via Business Internet Banking or the mobile app, as well as by presenting the card and an identity document (passport or eID) at any Swedbank branch.
  • If the suspended card is not re-activated within 10 days, it will automatically be closed.
  • If a payment card is stolen, it must be closed immediately. This can be done on the Business Internet Banking site, in the mobile app, by sending a message to the bank or by contacting the bank by phone on 67 444 444.
  • If the card is lost or stolen abroad and it’s not possible to get in touch the bank, then the card can be suspended by calling the MasterCard 24h international assistance line on +1 636 722 7111.
  • For a new card, the PIN is issued in a separate envelope upon collecting the card at branch.
  • For renewed cards, the PIN remains the same.
  • If you wish to change the existing PIN, this can be done in Swedbank ATMs in Latvia by choosing the option “Other operations” > “PIN change”.
  • If you can’t remember the PIN, you can check it in the Swedbank app. The PIN code can be viewed in app only by the cardholder who has access to the card related account via the company’s Internet Bank.

  • For security reasons, PIN may be entered incorrectly only twice. After the third time, the card will automatically be blocked:

    • If the card is blocked in POS terminal, it may be unblocked in Swedbank ATMs by entering correct PIN at first attempt.
    • If the card gets blocked in ATM a new card must be ordered.

  • Card transactions can be disputed by sending a message to the bank on the Business Internet Banking site, by contacting the bank by phone on 67 444 444, or by visiting the nearest branch if:

    • You discover transactions in the account statement that you haven’t agreed on with the merchant or service provider;
    • ATM cash deposit or withdrawal has been unsuccessful.

For example, if the ATM fails to dispense cash during withdrawal operation but the amount in question has been debited or if the amount deposited is not added to the account.

Your company's financial security is one of Swedbank's top priorities. We encourage you to be responsible users of payment cards and to observe the security conditions for payment cards usage.

  • Only the cardholder - the person whose name appears on the card - may use the card. Do not let anyone, even a close person, to use the card issued in another person’s name.
  • Make sure that you as a cardholder always know where your payment card is.
  • If you pay by card, do not let the person serving you take it to a back room on their own because card data may be stolen.
  • Always check the transaction amount that you approve with the card.
  • Check card transactions regularly via Business Internet Banking or the Swedbank mobile app. If any transaction seems suspicious, please contact the bank immediately.
  • It is not recommended to send card number by e-mail or disclose it over the telephone when making a purchase because card data may be misused for fraudulent transactions but, if there are no other options, please be extra careful.
  • Be careful when using the ATMs of other banks. Some ATMs return payment card before dispensing the money. Make sure that you collect your payment card and the requested amount of cash before you leave the ATM.

  • A cardholder receive a new card and also a PIN in a separate envelope. A cardholder receive a new card and also a PIN in a separate envelope.

    • Renewed cards will keep their former PIN.
  • Do not tell or show the PIN to anyone, not even to bank employees.
  • Memorise it, do not write down the PIN on the card or anywhere else where it can be seen by others.
  • New! Check your card’s PIN code in the Swedbank app. Its secure, easy and will help, if you forget your original PIN or cannot remember it after changing.
  • For payment approval, try to enter the PIN so that no one else can see it. The card can be stolen and be used by somebody else. If the card with PIN code is used by a thief, it is the customer’s own responsibility.
  • If you suspect that the PIN has become known to someone else or if the bank has notified you of the need to change your PIN, the cardholder must change it immediately. It can be done at any Swedbank ATM. When selecting new PIN, do not re-use your old PIN.
  • Do not use identical PIN codes for different cards for the ease of memorising them.

  • For security reasons, PIN may be entered incorrectly only twice. After the third time, the card will automatically be blocked:

    • If the card is blocked in POS terminal, it may be unblocked in Swedbank ATMs by entering correct PIN at first attempt.
    • If the card gets blocked in ATM or you can’t remember the PIN, a new card must be ordered.
  • If a payment card is lost or stolen, it must be closed immediately. This can be done on the Business Internet Banking site or the mobile app, by sending a message to the bank or by contacting the bank by phone on 67 444 444. For security reasons, we advise cardholders to keep Swedbank's phone number in their phone's memory.
  • If the card is lost or stolen abroad and it’s not possible to get in touch the bank, then the card can be suspended by calling the MasterCard 24h international assistance line on +1 636 722 7111 (charged).

Information about possible risks
Failure to fulfil your financial commitments in full increases the cost of the financing you receive and may have an adverse impact on your credit history. Furthermore, if the contract is terminated due to a serious breach on your part, compulsory recovery of the debt may be undertaken and you could lose ownership of the mortgaged property.

Two small business owners. A man holds a finished product, a woman a tablet.

Mastercard® Business Bonus

Valuable benefits and offers for businesses.

From time-saving apps to dedicated business travel discounts.

  • Complete your business tasks more easily
  • Optimise your processes and improve your operational management
  • Use booking and car hire discounts
 Discover offers here

Joining the programme is free of charge, no need to register nor share any personal information. Just use your eligible Mastercard business card.
  • Where can I order the debit card?
    • The most convenient option is to do it via Business Internet Banking.
    • By contacting the bank by phone on 67 444444.
    • At your nearest branch.

    Via Business Internet Banking:

    • The application can be filled out by any Business Internet Banking user of the company.
    • The application must then be confirmed and the Card Agreement must be signed within 7 days by a user who, according to the Register of Enterprises, is entitled to represent the company singly and is logged in to Internet Banking with the Smart-ID or eID.
    • If the Card Agreement is not signed, the application is deleted and production of the card is not started.

    By contacting the bank:

    By a person who, according to the Register of Enterprises, is entitled to represent the company singly.

    At branch:

    The card can be ordered by the company’s authorized signatory (one or several) who is entitled to represent the company according to information at the disposal of the bank or according to the Register of Enterprises.

  • Where can I apply for the credit card?

    Via Business Internet Banking:

    • The application can be filled out and confirmed by any Business Internet Banking user who, according to the Register of Enterprises, is entitled to represent the company singly.
    • After receiving your application, a bank employee will contact you in 1 business days' time to arrange the next steps.

    Branches

    The card can be applied for by the company’s authorized signatory (one or several) who is entitled to represent the company according to information at the disposal of the bank or according to the Register of Enterprises.
  • How and who can get a card?

    By post (for free worldwide):

    To the company’s contact address provided on the Internet Banking site. This is convenient and saves your time. Cards are sent by post inactive and separately from the PIN (for renewed cards the PIN is not sent as it remains the same). Who can activate cards delivered by post via Internet Banking and how?

    At any branch:

    • If the Card Agreement is already signed (also applies to renewed debit cards), the card can be collected by the company’s authorized signatory or by the cardholder by presenting a passport or ID card.
    • If the Card Agreement is not signed or in case of credit card renewal, the card can only be collected by the company’s authorized signatory together with signing the Card Agreement.
  • How to change the way the card is received?

    The most convenient way is to do so in the Our company cards section of the Business Internet Banking site by clicking “Agreement” .

    • Card delivery method can be changed by users with full-access rights in Business Internet Banking.
    • Card delivery method can be changed no later than 60 days (for debit cards) or 35 days (for Credit cards) before the card's expiration date.
  • Who and how can activate card delivered by post in Internet Banking?

    In the Company cards section of the Business Internet Banking website:

    • If the agreement on a new or replaced card is already signed, the card may be activated by a user with the full or transactions access rights mode.
    • Renewed debit cards, can be activated via Business Internet Banking by a user with the full or transaction access rights mode or by a legal representative with the right to represent the company individually according to the Register of Enterprises regardless of the access rights mode or by a card holder by making a purchase in a physical store by inserting the card into the POS terminal and entering the PIN at the time of purchase or by performing the usual operations in an ATM.
    • If you’ve received the card for the first time and the Card Agreement was not signed at the time ordering, the card can only be activated together with signing the agreement.
    • The Card Agreement may be signed by a person who has the right to represent the company individually according to the Register of Enterprises and is logged in to Business Internet Banking with the Smart-ID, eParaksts mobile or eID.
    • Before activation, please make sure that the cardholder and company details shown on the card are correct.

    Attention! The card must be activated within 30 days of it being received by post. Cards not activated on time will be irreversibly closed due to security reasons.
  • What are the card limits?

    The following limits and user rights apply for all cards:

    • On cash deposits and withdrawals.
    • On card purchases.
    • On viewing account transactions and past payments.

    When a card is produced, it has the default limits but after the card is issued, also personalized limits may be set up. We encourage doing so via Business Internet Banking.

    Default limits for the Debit card are avaliable here, but for Credit cards - here.

  • Who can view and modify the limits and how?
    The most convenient way of checking out the limits is doing so in the Our company cards section of the Business Internet Banking site by selecting the appropriate card next to the respective card. To change the card limits, the user must have full-access rights in Business Internet Banking or according to the Register of Enterprises, is entitled to represent the company singly.
  • What card operations may be restricted via ATM?
    It is possible to restrict cardholder’s access to the balance of account linked to the card and last 5 performed transactions. To do it, you need to change the cardholder’s rights. The most convenient way is doing so in the Our company cards by selecting the appropriate card.
  • Will my Mastercard card work abroad?
    Mastercard cards are accepted for payment in all retail outlets worldwide where the Mastercard logo is shown and the retailer accepts that type of cards.
  • How is card currency exchanged from the card’s principal currency to other currency?

    At the moment of settlement, exchange to the necessary currency takes place automatically. The account must have sufficient balance in the card's principal currency.

    Settlements in foreign currencies are subject to currency exchange mark-up for the debit card and credit cards according to the Price List.

  • Where can I find information about exchange rates?
    Information about current exchange rates is available on the websites of the international card organizations: Mastercard and Visa.
  • Is there a possibility that my card might not be accepted?
    There are no restrictions on use of cards on the part of the bank, however every retailer is free to choose what type of cards to accept.
  • How is the transaction amount reserved and debited?
    At the moment of transaction, the amount is reserved in the account to which the card is linked. The amount reserved is debited from the account when the bank receives complete information about the transaction from the merchant but no later than within 30 days after the transaction was performed.
  • How is the amount for a credit card transaction reserved?
    • Purchases with the Business Credit Card have an interest free period of up to 30 days for using the credit limit - from the time of purchase until the 1st date of the following month.
    • Purchases with the Business Gold Credit Card have an interest free period of up to 40 days for using the credit limit - from the time of purchase until the 10st date of the following month.
    • During the interest-free period, the purchase amount is reserved and no interest accrues on the reserved amount for drawing on the credit limit.
    • In isolated cases, for purchases made during last days of the month and about which information has been received at the bank belatedly, the interest-free period and the amount reservation time be automatically extended to the 1st or 10th date (depending on the credit card type) of the month following the next month.

    Attention! The interest-free period is not in force for transfers and cash withdrawals from the credit card account and interest starts to accrue on the outstanding credit limit immediately after the transaction.

  • How is the used credit repayable?
    • All used credit limit (for purchases, transfers and cash transactions) is automatically transferred from the credit card account until the 1st date (for Business Credit Card) or until the 10st date (for Business Gold Credit Card).
    • If the current account does not have enough funds for automatic repayment of the amount of the credit limit, partial repayment does not take place and the interest calculation also begins for the purchases for which the interest-free period has ended.
    • The Company may at any time repay the used credit limit itself, including the necessary funds on the credit card account, thereby terminating the interest calculation.

    Attention!

    • The credit limit used for purchases is always reserved until the end of the interest-free period, regardless of the company's funds in the credit limit account.
    • On the 1st or 10th date of each month (depending on the type of credit card), at the same time as the automatic repayment of the used credit limit, the card-linked current account is also charged:

    - Monthly fee for using a credit card

    - Interest on credit limit usage
  • What’s ‘Internet shopping’?
    This means double protection of your online purchases with repeated authentication provided by Mastercard Identity Check and Visa Secure solutions. The logos Mastercard Identity Check and/or Visa Secure are featured in the online stores which have joined the programme. To find out more, see here!
  • Where can I register the card for internet shopping?

    On the Internet Banking site under “Company cards” by clicking the button “Internet shopping”.

    Settings can be changed by user having at least transactions profile to the card account, or a company’s legal representative, who is authorized to represent the company singly according to the Register of Enterprises and has logged in to Internet Banking with the Smart-ID or eID.

    Registration is necessary for new cards only. If the card is renewed or replaced, the settings of the previous card are kept.

  • How can I check whether the card is registered for internet shopping?
    The registration status is visible on the Business Internet Banking site in section “Company cards”. Active (orange) button next to the card means that the card is registered for internet shopping. Inactive (grey) button means that the card is not registered for internet shopping.
  • Can the card be used for paying at all online retail outlets?

    Yes. The card be used for paying if the merchant accepts this type of cards and has not set any special restrictions. We strongly encourage to carefully read the customer service and product delivery terms & conditions on the retailer’s website.

    Even greater security requirements under EU directive take effect from Jaunary 2021. Card payments may fail at some online stores. In such cases information about other payment options can be provided to you only by the retailer.

  • What could be the reason I can't pay online with a card?

    Even greater security requirements under EU directive take effect from Jaunary 2021. Card payments may fail at some online stores. In such cases information about other payment options can be provided to you only by the retailer.

    The most frequent reasons for refusing a purchase could be:

    • Internet shopping feature may be not enabled for the card.
    • The account lacks sufficient funds.
    • Card's purchase transaction limit is exceeded.
    • The card has expired.
    • Software settings of the device used, or web browser settings are not compatible with the retailer’s solution.
    • The device’s cache memory has not been cleared.
    • The retailer has set restrictions for transactions (e.g. cards of a specific type or cards issued in a specific country are not accepted). For detailed information, see the merchant’s website.
  • What do to if a card purchase that I haven’t made shows up in the account statement?

    You need to fill out the bank message form “Company cards”.

    Important! It is necessary to block the card with which an unauthorized transaction was performed in the “Company cards” section of the Internet Banking or by calling 67 444 444.
  • Who can suspend a card and how?
    • On the Business Internet Banking site – users with full-access rights mode or according to the Register of Enterprises, is entitled to represent the company singly.
    • In the Swedbank mobile app for companies – a person who according to data of the Register of Enterprises is entitled to represent the company singly or is the cardholder themselves.
    • By contacting the bank by phone on 67 444 444 – a person who is entitled to represent the company singly or is the cardholder themselves.
    • By visiting the bank’s branch – the authorized signatory (one or several) who is entitled to represent the company according to information at the disposal of the bank or according to the Register of Enterprises, and the cardholder themselves.
  • What to do in case the card is stolen?

    If a card is stolen, it must be closed immediately:

    • On the Business Internet Banking site by sending a message to the bank.
    • By contacting the bank by phone on 67 444444.
    • If it’s not possible to get in touch with the bank, then the card can be suspended by calling the card 24h international assistance line: Mastercard on +0800-96-4767, Visa on +8000-02288.
  • Is it possible to re-activate a blocked card and within what timespan?

    The operation of a blocked card can be restored:

    • If the card has been blocked on the Business Internet Banking site, its operation can be restored within 10 days by a user having the full rights in the section “Company’s cards” selecting the appropriate card.
    • If the card has been blocked at a branch, its operation can be restored within 70 days by visiting a bank’s branch and producing the passport or ID card and also taking the blocked card with you.

    Attention! If the suspended card is not re-activated within this timespan, it will automatically be closed.

Extra funds for company’s everyday operations and unexpected payments.

In addition to the Business Credit Card features, includes travel insurance for the card holder and 3 of their colleagues.
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Quite an occurrence…

-15% on Business CASCO

Contacts

“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

Useful links

Legal information

This is Internet Banking site of companies offering financial services - "Swedbank" AS, "Swedbank Līzings" SIA, "Swedbank Atklātais Pensiju Fonds" AS, "Swedbank Ieguldījumu Pārvaldes Sabiedrība" AS, "Swedbank P&C Insurance" AS Latvia branch, "Swedbank Life Insurance" SE Latvia branch. Before signing any agreement read the terms and conditions of the respective service.