Investment account

An investment account is intended for investing. Therefore, any transactions not related to investing, e.g. payments of e-invoices, using payment cards, making loan payments etc, are not allowed in this account.

1. Open investment account via Internet banking
2. Deposit money in investment account.
3. Make investments
4. Manage your investments: buy, sell, exchange and top up your investment account at any time.
5. Receive dividends and interest in the investment account.
6. Make withdraw from the investment account by transferring money from it to current account.

An investment account falls under the current and securities account sections of the Pricelist.

• Current account

  Service		Price, EUR
  Receiving
  Account opening		Free of charge
  Opening an additional account	Easier via Internet Banking	Free of charge
  The first verification of documents for customers who hold a personal ID issued outside the EU, the EEA or Switzerland and do not hold a permanent residence permit issued in Latvia.		150.00
  Setting up Swedbank's power of attorney for operating the account	Only in branches	6.00, incl. VAT
  Setting up Swedbank's power of attorney	Only in branches	Free of charge
  Using
  Account maintenance		Free of charge
  Maintaining an inactive account		7.11 a year
  Fee for unauthorized debit balance		0% per annum
  Other services
  Inheritance document processing within 5 business days		12.00, incl. VAT
  Serving with power of attorney issued by Swedbank	Only in branches	Free of charge
  Serving with power of attorney issued by other institution	Only in branches	12.00, incl. VAT (first time) 6.00, incl. VAT (every next time)
  Serving with power of attorney issued by Notary or Orphan's Court	Only in branches	6.00-12.00, incl. VAT
  Closing
  Closing an account	Easier via Internet Banking	Free of charge

  The Bank does not calculate and pay interest on account balances to the Client.

  Effective from 01.07.2018.

• Securities account

  Effective from 01.03.2020

  Service	Price, EUR
  Receiving
  Account opening	0,00-4,50 Via Internet Banking - Free of charge At branches - 4.50
  Account statements
  Statement of holdings	0,00-7,00 Via Internet Banking - Free of charge At branches – 7.00
  Statement of transaction	0,00-7,00 Via Internet Banking - Free of charge At branches – 7.00
  Monthly Securities Safekeeping Fees options Safekeeping fee is calculated based on the value of the portfolio on the last date of the calendar month. Securities are priced according to the month end prices of the Bank’s local agents, market price or nominal value. Bonds are priced at nominal value. Fees are debited on the 20th or later date of the following month from the Client’s cash account linked to the securities account. If Client only holds securities of Estonian, Latvian or Lithuanian companies under liquidation or bankruptcy proceedings according to the Nasdaq CSD SE data, no safekeeping fee is charged. ETF safekeeping fee equals to the safekeeping fee of its trading country. Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fees.
  Swedbank Group funds	Free of charge
  Other investment funds, equities and bonds*
  - Up to 30 000 EUR**	Free of charge
  - From the value above 30 000 EUR**	0.008%
  * Securities registered in Austria, Belgium, Canada, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, UK, USA and Depositary Receipts (ADR, GDR), Eurobonds. ** Swedbank Group Funds are excluded from the calculation of the portfolio value for safekeeping fee calculation.
  Other countries	Subject to agreement
  Other services options Tax relief at source / tax reclaim and general meeting services are subject to availability on each specific market. Maintenance fee of an owner account is charged in addition to monthly securities safekeeping fee. Owner account is an account in the name of the Client opened at Nasdaq CSD SE and used only on behalf of the specific Client. Owner account at Nasdaq CSD SE may be opened only at the branch office.
  Owner securities account opening at Nasdaq CSD SE	50.00
  Owner securities account monthly account maintenance	50.00
  Tax relief at source / tax reclaim	Subject to agreement
  Participation in general shareholder’s meeting	Subject to agreement
  Closing
  All securities account types	Free of charge
  Transactions with securities	See Securities and Other Exchange-traded financial instruments
  Transactions with investment fund units	See Investment Funds

  Effective from 01.03.2020.