What is Private Banking?

Private Banking is a package of financial and non-financial services for private customers possessing substantial capital or other assets, which under contract with the Bank, are provided with Private Banking services. Private Banking service includes all classic banking service, investment operations, tax-related, insurance and legal services and private asset management and planning.

How can I manage my account?

You will be always welcomed at Central office of the Bank in Riga. You can manage account either visiting the Bank in person or using the remote control system – Internet Bank.

Why I must fill in a great deal of documents and answer so many questions?

To meet the requirements established by authorities regulating the financial sector, we must have information about our customers. For example, we need to know origin of your assets to prevent the Bank from being involved in illegal money laundering.
However, availability of your detailed information at the Bank is the certain advantage for you too, since the more we know about you, the better service we can offer to you.

What documents do I need to open an account?

To open an account for your name or the name of your company, we need to acquaint with a number of documents, including your identity documents and registration documents for the company, other documents as mentioned in relevant section on the Bank’s website. Information on our pricelist is also available on the website or you can receive it contacting the private banker or personal manager.

What are the principles and advantages of the Latvian banking system?

Latvian banks ensure protection of private person rights and personal data about depositors in accordance with the fundamental principles and standards of the European banking laws and international regulations.
Local banks have rich experience in international customer handling providing the European high-class services.
Latvian banks conquered popularity all over the world as a reliable and advantageous partner, but capital of Latvia Riga is justifiably acknowledged the regional financial centre of the North West Europe.
Latvian banking system is based in the modern financial laws accounting the latest requirements to financial risk management and prevention from illegal money laundering.

What is the minimal amount of customer funds necessary to start operations at Baltikums Private Banking?

The minimal amount of customer funds necessary to open an account is set individually during negotiations with a potential customer and depends on what customer service program is chosen. While negotiating with the customer, Baltikums Private Banking clarifies the customer’s requirements, interests, and preferences in relation to his/her intention to open the account and offers such service provisions and the minimal investment amount that would allow generating added value to the customer funds allocated at the Bank.
After the account opening confirmation and account details have been received, the customer transfers the minimal investment that was agreed with the Bank and that includes the account opening fee and other payments listed in the Bank’s pricelist, which are necessary to launch the customer’s operations at the Bank. After that, the account is activated.

How and when can I make a deposit?

You can make a deposit by any legal way provided availability of the required documents. We open an account as soon as receive all duly executed documents for account opening, which are prescribed by the laws.