The Mastercard Business payment card is just like any international credit card, the only difference being that it is tied to the company's current account. Mastercard Business payment card will significantly extend the functionality of your current account, as well as make the company's money more easily available for making day-to-day payments. You can issue the Mastercard Business card to the employees of your company to pay for various purchases, as well as to cover business travel expenses – they will be able to use the money held in the company’s current account within the limits set by you.
For greater security of the funds held in your current account the bank has set transaction limits. The limit is the maximum amount of banking transactions that can be carried out within a specified time period. If necessary, the standard limits set by the bank can be changed.
You can open an account and apply for the SEB bank payment card via the Internet banking or at any branch of SEB bank.
The Mastercard Business payment card is made within a couple of business days. The cardholder's name as well as the company’s name will appear on the card.
The card is valid for four years, and upon the expiry thereof the bank will automatically make and issue a new card to you. If your company uses the SMS banking service provided by SEB banka, you will receive a timely text message suggesting you to collect the new payment card.
Use Internet banking for companies or Telebanka, to conveniently get information about the card transactions carried out.
Apply for a free consultation at the the business consultant of SEB bank!
In force from | In force to | |
---|---|---|
Payment card agreement terms and conditions for legal entities |
16.05.2019
|
In force
|
Chargeback purchase or ATM cash-out application |
|
In force
|
Chargeback ATM cash-in application |
|
In force
|
Services | Fees | ||
---|---|---|---|
Fee for preparing a card/additional card, if activated in a bank’s branch or by calling the customer’s centre | 10.00 EUR | ||
Fee for preparing a card/additional card, if activated in the internet bank, mobile app or ATM | 5.00 EUR | ||
Fee for use of the card/additional card (per month)1 | 2.00 EUR | ||
Replacing a card/additional card, if activated in a bank’s branch or by calling the customer’s centre | 10.00 EUR | ||
Replacing a card/additional card, if activated in the internet bank, mobile app or ATM | 5.00 EUR | ||
Commission for purchase | Free of charge | ||
Cash withdrawal in another bank | 2%, min 3.00 EUR | ||
Cash withdrawal at ATMs of: | |||
• SEB bank | 1%, min 1.00 EUR | ||
• SEB group (Estonia, Lithuania) | 1%, min 1.00 EUR | ||
• in Latvia: Swedbank | 1%, min 1.00 EUR | ||
• other banks | 2%, min 3.00 EUR | ||
Cash deposit at SEB bank’s ATM: | |||
• up to 6,000 EUR within one calendar month for all customer's accounts | Free of charge | ||
• upon exceeding monthly credits of 6,000 EUR for all customer's accounts | 0,1% of transaction amount | ||
Others charges and terms related to Mastercard Business |
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Fee for sending card/ additional card by post: | |||
• Within the territory of Latvia | 0.00 EUR | ||
• Abroad | 6.00 EUR | ||
Reviewing a complaint2, 3 | Free of charge | ||
Change of PIN code in SEB bank’s ATMs | Free of charge | ||
Fee for unblocking PIN code of a card in SEB bank’s ATMs, if the PIN has been entered incorrectly for 3 consecutive times while using POS terminal | Free of charge | ||
Change of card transaction limit within SEB bank's standard limit (branch)4 | 5.00 EUR | ||
Change of card transaction limit above the standard maximum limit set by SEB bank4 | 10.00 EUR | ||
Checking the account balance through ATMs of: | |||
• SEB bank | Free of charge | ||
• other banks in Latvia | 0.45 EUR | ||
• other banks abroad | 1.00 EUR | ||
Fee for urgent card issue5 | 30.00 EUR | ||
Surcharge on currency exchange when the currency of the card’s main account is not that of the transaction currency6 | 3% | ||
Calculation period | 1 month |
The limit of cash withdrawal from ATMs within a period of time up to 24 hours for users of Mastercard Business as legal entities is 1,500 EUR.
Total cash deposit limit in ATMs with all customer’s cards is 9,000 EUR per month.7
The limit of purchases within a period of time up to 24 hours is 5,000 EUR.
For other services (current account maintenance, transactions in the account, processing of the customer’s documents etc.) which SEB bank provides to customers in relation to payment card servicing, the customer pays in accordance with SEB bank’s General Price list for Corporate Customers.
A maximum of 200 banknotes can be deposited in an ATM in a single deposit transaction.
1 The fee is related to cards which have not been prepared within Entrepreneurs plan. The fee applies starting with the second month of using the card.
2 If processing of the complaint involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.
3 Application shall be deemed received by us:
• on the current working day if the application is submitted and received before 16:00;
• on the next working day if the application is submitted after 16:00.
In case working day is shortened according to the law, the above deadline shall be one hour prior to end of the shortened working day.
4 Includes changes in POS, ATM and monthly spending limits.
5 If the card is ordered on business day by 12:00, it will be available at the Rīdzene branch on the same day after 16:00. If the card is ordered after 12:00, it can be received at Rīdzene branch on the next business day after 16:00.
6 Information about exchange rates is available on the home page of International card organizations https://www.mastercard.com/global/currencyconversion/index.html and
https://www.visaeurope.com/making-payments/exchange-rates.
7 SEB bank has the right to unilaterally reduce or increase the cash deposit limit upon evaluation of the Customer's business and personal activities.
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