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Changes in SEB price list for business customers
On 1 September 2022 the new service fees for legal entities as well as changes in the internet bank, and payment cards terms and conditions will take effect. Please find the details of the updates for business customers below.
Change in fees
The new pricelist of SEB services and transactions for business customers will take effect on 1 September 2022.
The new fees in comparison with the earlier ones are presented in the table below.
Current account
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Opening1: | ||
| - to non-residents (per each account) | 35.00 EUR | 50.00 EUR |
| - for companies that have started insolvency or liquidation process | - | 50.00 EUR |
| - in SEB Group outside Latvia | By agreement, min 50.00 EUR | - |
| First verification of documents: | ||
| - for residents – legal entities registered in Latvia, whose owners, beneficial owners or signatory persons have not received an identity document or residence permit in Latvia; - for non-residents – legal entities which are not registered in Latvia. |
By agreement, min 500.00 EUR | By agreement, min 700.00 EUR |
| - for Payment and Electronic money institutions | 500.00 EUR | 700.00 EUR |
| Servicing per month: | ||
| - for non-residents legal entities (taxpayers) established in the EEA and outside the EEA | 30.00 EUR | 50.00 EUR |
| - for Payment and Electronic money institutions | 500.00 EUR | 700.00 EUR |
| Customer's funds administrating monthly fee for Customer with whom SEB bank has terminated cooperation2 | 50.00 EUR per month | 75.00 EUR per month |
1 Minimum opening deposit is 20.00 EUR or its equivalent in another currency.
2 The commission fee is applied if Customer has not fulfilled SEB bank requirements about account (incl. securities account) balance transfer until date mentioned in SEB bank's notification sent to Customer. Fee is charged each month from funds that are not transferred to Customer account opened in another credit institution according to SEB bank request.
Escrow account
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Re-entering the agreement or changing the terms of agreement | By agreement, min 35.00 EUR | By agreement, min 50.00 EUR |
Estate late account
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Document handling | 100.00 EUR | By agreement, min 150.00 EUR |
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| SMS message (for each) | 0.09 EUR | 0.13 EUR |
| E-mail message (for each) | 0.09 EUR | 0.13 EUR |
Intrabank payment in branch
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Between accounts of one customer at SEB bank (incl. transfers to a savings deposit) | 3.00 EUR1 | 5.00 EUR1 |
| To another customer's account at SEB bank if the customer has applied for the Entrepreneurs plan | 3.00 EUR | 5.00 EUR |
| To another customer's account at SEB bank | 3.00 EUR | 5.00 EUR |
| Currency exchange within one account | 3.00 EUR | 5.00 EUR |
1 Transfer to a deposit account is free of charge.
European payment in branch
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Standard SEPA payment if the customer has applied for the Entrepreneurs plan (a certain number depending on the type of the plan) | 4.00 EUR | 5.00 EUR |
| Standard SEPA payment | 4.00 EUR | 5.00 EUR |
Documents on account transactions
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Preparation of an account statement or account reference for a set period up to and including December 31, 2013 | 5.00 EUR (at the Bank's branch) | - |
| Preparation of an account statement or account reference for a set period from January 1, 2014 (including merchant account statement) | Free of charge (in electronic channels) / 0.40 EUR for 1 page, min 3.00 EUR (at the Bank's branch) | - |
| Preparation of an account statement or account reference (including merchant account statement): | ||
| - In electronic channels | - | Free of charge |
| - At the Bank's branch | - | 0.40 EUR for 1 page, min. 8.00 EUR |
| Sending account statement or account reference: | ||
| - | 3.00 EUR | |
| - By post: | ||
| - Within the territory of Latvia | - | 0.40 EUR for 1 page, min 4.00 EUR |
| - Abroad | - | 0.40 EUR for 1 page, min 10.00 EUR |
Processing of documents
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Printing / confirmation of executed payment orders | 2.00 EUR for each issue and / or confirmation of a payment order | 5.00 EUR for each issue and / or confirmation of a payment order |
| Identification of the customer's representative in the Branch of SEB Lithuania or SEB Estonia1 | - | 150.00 EUR (plus VAT 31.50 EUR) |
| Servicing with powers of attorney | 10.00 EUR (plus VAT 2.10 EUR) – fee for receipt (verification) of the power of attorney for the first time; 5.00 EUR (plus VAT 1.05 EUR) – for each subsequent service time | - |
| Servicing with a power of attorney issued in Latvia | - | 15.00 EUR (plus VAT 3.15 EUR) – fee for receipt (verification) of the power of attorney for the first time; 7.00 EUR (plus VAT 1.47 EUR) – for each subsequent service time |
| Servicing with a power of attorney issued abroad | - | 50.00 EUR (plus VAT 10.50 EUR) – fee for receipt (verification) of the power of attorney for the first time; 15.00 EUR (plus VAT 3.15 EUR) – for each subsequent service time |
1 Fee is charged for the identification of each representative.
Mastercard Business Credit cards
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Cash deposit at SEB bank’s ATM: | ||
| - upon exceeding monthly credits of 6,000 EUR for all customer's accounts | 0,1% of transaction amount | 0,2% of transaction amount |
Mastercard Business Payment cards
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Cash deposit at SEB bank’s ATM: | ||
| - upon exceeding monthly credits of 6,000 EUR for all customer's accounts | 0,1% of transaction amount | 0,2% of transaction amount |
Temporary card
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Cash deposit at SEB bank’s ATM: | ||
| - upon exceeding monthly credits of 6,000 EUR for all customer's accounts | 0,1% of transaction amount | 0,2% of transaction amount |
Other charges and terms related to payment cards
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Fee for sending card/additional card by post: | ||
| - Within the territory of Latvia | Free of charge | 1.00 EUR |
| - Abroad | 6.00 EUR | 10.00 EUR |
Letters of Credit
Letters of Credit line
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Processing of the Letter of Credit line, increasing the limit | 0,5%, min 150.00 EUR | - |
| Term prolongation for a Letter of Credit line | 0,2%, min 150.00 EUR | - |
| Other changes to the Letter of Credit line agreement upon the customer's request | 0,5%, min 50.00 EUR | - |
| Processing of the Letter of credit line/its amendments | - | By agreement |
Import Letters of Credit
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Letter of Credit utilization, type of collateral: cash cover in SEB bank | 0,2% of the amount of the Letter of Credit, min 70.00 EUR | 0,2% of the amount of the Letter of Credit, min 70.00 EUR1 |
1 Account balance fee shall be applied for the balance of funds in the accounts as indicated in SEB bank's General Price list for Corporate Customers..
Export Letters of Credit
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Payment under assignment of proceeds | - | 20.00 EUR |
Guarantees/International guarantees
Guarantee line
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Processing a guarantee line, increasing the limit | 0,5%, min 150.00 EUR | - |
| Term prolongation for a guarantee line | 0,2%, min 150.00 EUR | - |
| Other changes to the guarantee line agreement upon the customer's request | 0,5%, min 50.00 EUR | - |
| Processing of the Guarantee line/its amendments | - | By agreement |
Guarantees/International guarantees/Stand-by letters of credit
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Issuance of Guarantee/Stand-by Letter of Credit, type of collateral: another collateral | 1%, min 190.00 EUR | By agreement, min 190.00 EUR |
| Guarantee utilization fee, type of collateral: cash cover in SEB bank | min 1% per year, min 70.00 EUR | min 1% per year, min 70.00 EUR1 |
| Amendment/cancellation of a Guarantee upon the customer's request | 70.00 EUR | - |
| Amendment/cancellation of a Guarantee | - | 70.00 EUR |
| Verification of the authenticity/cancellation/processing of other information of a Guarantee issued by another bank upon the customer's request | 100.00 EUR | - |
| Verification of the authenticity/cancellation/processing of other information of a Guarantee issued by another bank upon the customer's request in case SEB bank is not the advising bank | - | 100.00 EUR |
1 Account balance fee shall be applied for the balance of funds in the accounts as indicated in SEB bank's General Price list for Corporate Customers.
Investment loan/Working capital loan
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Uninsured collateral maintenance1 | 10.00 EUR per month | 20.00 EUR per month |
1 Commission fee is applied if the collateral is not insured (insurance policy is not provided to the bank) more than 30 days since expiration of the previous insurance policy.
Additional services
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Document submission for registration of the pledge | 50.00 EUR | - |
| Document submission for registration of the pledge in paper format | - | 50.00 EUR |
Brokerage fees for orders submitted to the Internet bank in the stock exchanges of the following countries
| Service | Price until August 31, 2022 (inclusive) | Price from September 1, 2022 |
|---|---|---|
| Scandinavian and German shares | 0,25%, min 15.00 EUR | 0,25%, min 10.00 EUR |
| USA shares | 0,25%, min 15.00 EUR, fee cannot be less than 0.015 USD per share | 0,25%, min 10.00 EUR, fee cannot be less than 0.015 USD per share |
