Multi-currency account
An option to make payments in over 20 currencies from a single account
- The money credited to the account is held in the same currency
- You can exchange currencies at any time convenient for you
If you engage in transactions in various currencies, we encourage you to use a multi-currency current account. Using Internet banking, you can easily add additional currencies to the existing account or open a new current account.
By default, your company’s account has a single currency, and the incoming payments in other currencies would be exchanged to the base currency of the account. To start benefiting from the advantages offered by a multi-currency account, you would need to add additional currencies to the account.
In the multi-currency current account, you can keep funds in multiple currencies:
- in the base currency of the account as specified by you (the primary currency selected by you for a particular account is the base currency of that account). Changing of the base currency of your account is only possible at the branch of SEB banka;
- additional currencies of the account that you choose from the list offered by the bank.
If no additional currencies are added, then all incoming funds will be exchanged to the base currency of the account at the bank’s exchange rate.
The commission fee for the servicing of a multi-currency current account does not depend on the number of currencies tied to it and will be levied on the 4th day of each month.
You can use a multi-currency account just like any other current account for:
- money transfers,
- currency exchange,
- e-invoices,
- regular payments,
- cash transactions
- transactions with cards,
- other bank transactions.
Payments from the multi-currency account
If you need to make a transfer of a certain currency, however the balance of the payment currency is not sufficient, you can use an option to exchange the currency within your the multi-currency account via Internet banking, as well as transfer the required amount from the additional currency selected by you to the currency of the intended payment.
Payment limits
Payment limits (daily and monthly limits) are defined on the account level via Internet banking – you can make payments within the limit with all currencies tied to the account (if necessary, by exchanging them or transferring from other currencies in order to ensure a sufficient amount in the payment currency).
Transactions with cards from a multi-currency account
When paying for your purchases with the card tied to your company’s multi-currency current account and without exchanging currencies, the balance will be available to you only in euro. If the purchase amount exceeds the balance in euro, exchange currency to the euro or transfer other currencies to the account.
This does not apply to credit cards because credit card accounts do not have the multi-currency account functionality.
This does not apply to credit cards because credit card accounts do not have the multi-currency account functionality.
| In force from | In force to | |
|---|---|---|
| Current account agreement terms and conditions |
15.08.2017
|
20.06.2021
|
| Current account agreement terms and conditions (LAT) |
21.06.2021
|
|
| Services | Fees |
|---|---|
| Opening | Free of charge |
| The first-time inspection of documents for the customers who have a personal identity document issued outside the EEA and who do not have the residence permit in the EEA1 | 200.00 EUR |
| Servicing per month2 | 0.70 EUR |
| Customer's funds administrating monthly fee for Customer with whom SEB bank is terminated cooperation3 | 50.00 EUR/ per month |
| Closing (including transfer of the account balance to another account at SEB banka) | Free of charge |
1 The commission fee is not withheld from the person who has acquired an asylum seeker or a refugee status, or alternative status.
2 The commission fee is not applied for:
- any SEB bank Customer plan users (incl. Customer plans participants according to Customer plan conditions);
- customers under 18 years old.
3 The commission fee is applied if Customer until date mentioned in SEB bank to Customer sent notification not fulfilled SEB bank requirements about account (incl. securities account) balance transferring. Fee is charged each month from funds which are not transferred after SEB bank request to Customer account opened in another credit institution.