Pricelist
| Consideration of the account opening package, account opening, account closure | |
| Consideration of the account opening package (natural persons, residents of Latvia)* | EUR 50* |
| Consideration of the account opening package (natural persons, non-residents of Latvia)* | EUR 300* |
| Consideration of the account opening package (legal entities, residents of Latvia, with beneficial owners, residents of Latvia)* | EUR 150* |
| Consideration of the account opening package (legal entities, residents of Latvia, when one of the beneficial owners is non-resident of Latvia)* | EUR 350* |
| Consideration of the account opening package (legal entities, non-resident of Latvia)* | EUR 450* |
| Special fee charged for consideration of the account opening package**, *** | EUR 300-3000**, *** |
| Opening of Current, Separate, Joint account plus Internet Banking service, including the issuance of DigiPass identifier (one piece) or a one-time connection of DigiPass for Mobile application | free of charge |
| Opening of Current, Separate, Joint account plus Internet Banking service (including the issuance of DigiPass identifier (one piece) or a one-time connection of DigiPass for Mobile application in an urgent manner (within 5 full working days after submission of all required documents to Bank)** | EUR 300 |
| Opening of Temporary account | EUR 30 |
| Opening of Temporary account (valid from 01.08.2020.) | free of charge |
| Consideration of the Temporary account opening package* (valid from 01.08.2020.) | EUR 30* |
| Inactive / dormant account fee (Temporary Account)**** (valid from 01.08.2020.) | EUR 50 / per month**** |
| A paid-in capital confirmation fee (a paid-in capital confirmation is a documentary evidence of paid-in capital) (if the client holds a temporary account) | EUR 20 |
| Fee charged for holding funds in a closed account if the account is closed according to sub-cl. 2.6.2 of the Terms and Conditions of the Customer Service Agreement (per month) | 5.00% of the balance available at the account closure date (min. EUR 1,000.00) |
* The fee once paid is not refundable if the account is not opened
** The fee is charged in addition to consideration fee of the account opening package and is not refundable if the account is not opened
*** Special fee will apply where a client meets a set of specific criteria established by the Bank (available at the Bank upon request)
**** the Temporary account is considered to be inactive / dormant when Bank finds that the Start-Up is registered with the Companies Registry of the Republic of Latvia or the company incorporation authority of the respective jurisdiction, but the documents referred to in the terms and conditions of the temporary account have not been submitted to Bank within a one-week time frame after the Start-Up has been registered with the Companies Registry of the Republic of Latvia or the company incorporation authority of the respective jurisdiction
| Personalized client service and account maintenance related fees | |
| Personalized natural person, resident of Latvia, service* | EUR 30 / per month* |
| Personalized natural person, resident of Latvia, service, if client’s investment volume is EUR 10 000.00 and more (not including deposits and account balances)* | free of charge* |
| Personalized legal entity, resident of Latvia, service (if beneficial owners are residents of Latvia)* | EUR 50 / per month* |
| Personalized legal entity, resident of Latvia, service (when 50.00 % or more of the beneficial owners are non-residents of Latvia)* | EUR 150 / per month* |
| Personalized natural person, non-resident of Latvia, service* | EUR 150 / per month* |
| Personalized legal entity, non-resident of Latvia, service* | EUR 300 / per month* |
* These are standard fees charged for personalized service. Depending on the volume of client’s assets and/or the level of risk posed by client, Bank may charge other fee. Please contact Bank for more information about personalized service fees.
| Processing of application for standard transaction* | EUR 250 |
| Processing of application for non-standard transaction | as agreed (min. EUR 500) |
| Opening and maintaining of the escrow account for standard transaction* | 0,50 % of the transaction value (min. EUR 50) |
| Opening and maintaining of the escrow account for non-standard transaction | as agreed (min. EUR 1000) |
| Modification of the escrow account agreement for standard transaction* | 0,20 % of the transaction value (min. EUR 100) |
| Modification of the escrow account agreement for non-standard transaction | as agreed (min. EUR 150) |
* A standard transaction means a transaction to purchase real estate (having a clear title, i.e. one which is not encumbered or otherwise burdened) or any other asset in the Republic of Latvia, as sealed between a single buyer and a single seller, on the understanding that the amount will be paid out against the relevant industry-recognized title document (a document transferring ownership). Also, a standard transaction means any other transaction of a similar nature.
| Foreign currency exchange transactions | |
| Cash conversion | at the Bank’s exchange rate |
| Non-cash conversion* | at the Bank’s exchange rate* |
* You can convert one currency into another in the Internet Banking environment. Alternatively, you can seek assistance from Bank’s dealer (working days: 9:00 am to 6:00 pm; tel. 67000 466 or 67000 472).
| Transfers to account | |
| Intra-bank transfers: | free of charge |
| Inward EUR transfer (SEPA): | |
| up to EUR 10 000.00, EEA residents | free of charge |
| above EUR 10 000.00, EEA residents | EUR 0.40 |
| Intra-bank transfers | Electronic services (via the Internet Banking System) |
| Intra-bank transfers to own account | free of charge |
| Intra-bank transfers to other client accounts EUR: | |
| up to EUR 10 000.00, EEA residents | EUR 0.40 |
| above EUR 10 000.00, EEA residents | EUR 2.00 |
| Transfers in EUR | electronic services (via the Internet Banking System) | ||
| SEPA (1) transfer. If a transfer is to other bank in Latvia and payment order is delivered for execution before 15:00 - same-day-value transfer, if after 15:00 or payment is to other bank abroad of Latvia - Next-day-value transfer. | |||
| SHA(2): | |||
| up to EUR 10 000.00, EEA residents | EUR 0.40 | ||
| above EUR 10 000.00, EEA residents | EUR 5.00 | ||
(1) SEPA – a standardized EUR payment in SEPA member countries (28 countries of the European Union, as well as Norway, Lichtenstein, Iceland, Switzerland and Monaco). Payments must be executed in accordance with SEPA requirements (payment order must inter alia contain: a) BIC number of the bank beneficiary, b) recipient s IBAN, c) is the bank beneficiary direct or indirect member of SEPA, d) charge code „SHA”, e) payment details/purpose of payment). The Bank is not liable if the banks involved in the payment do not execute SEPA payments.
(2) SHA – the customer (sender) pays commissions of Baltic International Bank. Commissions of the intermediary banks and the bank beneficiary are paid by the recipient.
* Please contact Bank for additional information about Bank’s fees.
| Payment Cards for Natural Persons | |
| Annual Fee for Card | |
| Mastercard STANDARD | EUR 45* |
| Masterсard GOLD | EUR 100 |
| Mastercard PLATINUM | EUR 250 |
| Mastercard WORLD ELITE | EUR 550 |
| * One card without credit limit | free of charge |
Payment Cards for Natural Persons
| Payment Cards for Legal Entities | |
| Annual Fee for Card | |
| Mastercard BUSINESS | EUR 70* |
| Masterсard BUSINESS GOLD | EUR 100 |
| Mastercard WORLD BUSINESS | EUR 400 |
| * One card without credit limit | free of charge |
Payment Cards for Legal Entities
* Please contact Bank for additional information about Bank’s fees.
| fee in EUR | 1 week | 1 month | 3 months | 6 months | 1 year | 2 years |
| 75x300x350 | 14 | 40 | 72 | 142 | 240 | 400 |
| 95x300x350 | 18 | 46 | 100 | 170 | 270 | 460 |
| 150x300x350 | 22 | 50 | 120 | 200 | 330 | 540 |
| 200x300x350 | 28 | 66 | 142 | 214 | 340 | 630 |
| 300x300x350 | 42 | 100 | 186 | 270 | 510 | 910 |
| 75x300x350 extra fireproof safe |
28 | 80 | 144 | 284 | 480 | 800 |
| 150x300x350 extra fireproof safe |
44 | 100 | 240 | 400 | 660 | 1080 |
| 300x300x350 extra fireproof safe |
84 | 200 | 284 | 540 | 1020 | 1820 |
|
Minimum term of Safe deposit box rent out - 1 week |
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INVESTMENTS IN BOND MARKET
| Transactions in Financial Instruments (Foreign Markets) | |
| Transactions on bonds |
0.15%, min. EUR 100.00 (1,2) (percentage of the transaction value) |
| Transactions with initial public offering of the bonds or illiquid bonds (bond issue up to EUR 100 million) | up to 1.50 % of the transaction value (min EUR 200.00) (1,2) |
| Custody fee (per month) (1,3) | |
| Bonds | 0.25% per year, min. EUR 25.00 per month |
| Other transactions | |
| FI account opening | free of charge |
| Maintenance and administration of financial-instrument account* | EUR 15.00 per month |
*if the portfolio s value exceeds zero, the account administration fee is not applicable while custody fee is applicable
| Receive Free of Payment | EUR 50.00 (1,2) |
| Delivery Free of Payment | 0.30% percentage of the transaction value, min. EUR 50.00 (1,2) |
| Receive versus Payment (RVP) | EUR 50.00 (1,2) |
| Delivery versus Payment (DVP) | 0.15% percentage of the transaction value, min. EUR 50.00 (1,2) |
| Internal securities transfers | EUR 10.00 per ISIN |
| Fee for outgoing securities transfer for Clients who meet shell-entity criteria and/or assigned a significant degree of risk |
0.40% of the transaction value (1,2) (min. EUR 200.00) |
| Non-standard securities transfer (outgoing or incoming) | up to 0.40% of the transaction value (1,2) (min. EUR 200.00) |
| Order alteration /cancellation | EUR 50.00 |
| Financial-instrument account statement to be provided on predetermined regularity, except for account statement generated in the Internet Banking environment | EUR 10.00 |
| Financial-instrument account statement provided upon customer’s request, except for account statement generated in the Internet Banking environment | EUR 25.00 |
| Corporate action fee charged for participation in corporate actions (excluding coupon payments, dividend payments) | EUR 100.00 per instruction |
| Processing and submission of documents related to tax forms (W8-BEN, W8-BENE and others) | EUR 150.00 per instruction |
| Fee charged under the circumstances of excluding the bonds from the Bond List of the exchange | 0.20% of the face value of FI |
Settlement and Delivery Timeframes of Financial Instruments
Transactions in financial instruments shall be settled (the funds shall be withdrawn from the account) not later than five banking days after the execution of the transaction, or at such later time as stipulated by international market practice pursued by the respective financial-instrument markets. The financial instruments shall be delivered (the financial instruments shall be remitted into the account) not later than the date when the respective financial instruments have entered Bank’s account. The specific delivery date shall depend on the terms and conditions of the respective trading facility (execution venue) and Bank’s Counterparties to the transaction.
Notes:
(1) Transaction fee (for transactions in financial instruments) does not include possible additional fees and other payments charged by vehicle companies (such as stock exchanges, foreign regulators of the financial instruments markets, and associations of professional stock market participants.
(2) Settlement fee (min EUR 50.00) is charged additionally according to the requirements of Bank’s counterparties.
(3) Custody fee is calculated based on the aggregate market value of the FI held in the portfolio as at the last working day of every month. If the aggregate market value of the bonds held in the FI portfolio is below the face value of the bonds held in the FI portfolio, then the face value of the bonds will only be used to calculate the volume of the portfolio. The Bank calculates the fee (in EUR) based on and deducts the fee from the aggregate market value of the FI held in the portfolio. For this purpose, the Bank converts the currency, in which the FI are denominated, into euros according to the Bank’s exchange rate valid for the date when the fee is calculated. The calculation of the fee does not take into account the accrued coupon..
(4) Complete turnover = purchase + sale of 1 contract (position opening and position closing); the fee is paid in the currency in which the contract is denominated
(5) For the purpose of calculating the fees, the financial-instrument portfolio means a group of financial instruments held in the FI Account; the group is segregated from all other Client-owned FI according to the following features:
- according to the features as specified on Client s application;
- FI purchased / transferred by Client through BIB TRADER trading platform;
- all other FI.
INVESTMENTS IN STOCK MARKET
| Transactions in Financial Instruments (Foreign Markets) | |
| Transactions on U.S. stock exchanges, stocks |
- 0.35%, min USD 50.00 (1) (percentage of the transaction value), if stock price is equal to or more than USD 6.50 - USD 0.025 per stock, min USD 50.00 (1), if stock price is less than USD 6.50 |
|
Transactions on the stock exchanges of Western and Northern Europe, stocks |
0.35%, min. USD 50.00/EUR 50.00/GBP 50.00 (1) |
| Transactions on other stock exchanges (Eastern Europe, Singapore, Australia, Hong Kong, Middle Asia) | as agreed (1) |
| Investment funds /CIUs |
up to 2.00% of the transaction value (min EUR 100.00) |
| Custody fee for FI of foreign issuers (per month)(1,2) | |
| Stocks | 0.25% per year, min. EUR 25.00 per month |
| Other transactions | |
| FI account opening | free of charge |
| Maintenance and administration of financial-instrument account* | EUR 15.00 per month * |
*if the portfolio s value exceeds zero, the account administration fee is not applicable while custody fee is applicable
| Receive Free of Payment | EUR 50.00 (1,3) |
| Delivery Free of Payment | 0.30% of the market value calculated as at banking day preceding the date of concluding the transaction, min. EUR 50.00 (1,3) |
| Receive versus Payment (RVP) | EUR 50.00 (1,3) |
| Delivery versus Payment (DVP) | 0.30% of the market value calculated as at banking day preceding the date of concluding the transaction, min. EUR 50.00 (1,3) |
| Internal securities transfers | EUR 10.00 per ISIN |
| Fee for outgoing securities transfer for Clients who meet shell-entity criteria and/or assigned a significant degree of risk |
0.40% of the transaction value (1,2) (min. EUR 200.00) |
| Non-standard securities transfer (outgoing or incoming) |
up to 0.40% of the transaction value (1,2) (min. EUR 200.00) |
| Order alteration /cancellation | EUR 50.00 |
| Financial-instrument account statement to be provided on predetermined regularity, except for account statement generated in the Internet Banking environment | EUR 10.00 |
| Financial-instrument account statement provided upon client’s request, except for account statement generated in the Internet Banking environment | EUR 25.00 |
| Corporate action fee charged for participation in corporate actions (excluding coupon payments, dividend payments) | EUR 100.00 per instruction |
| Processing and submission of documents related to tax forms (W8-BEN, W8-BENE and others) | EUR 150.00 per instruction |
Settlement and Delivery Timeframes of Financial Instruments
Transactions in financial instruments shall be settled (the funds shall be withdrawn from the account) not later than five banking days after the execution of the transaction, or at such later time as stipulated by international market practice pursued by the respective financial-instrument markets. The financial instruments shall be delivered (the financial instruments shall be remitted into the account) not later than the date when the respective financial instruments have entered Bank’s account. The specific delivery date shall depend on the terms and conditions of the respective trading facility (execution venue) and Bank’s Counterparties to the transaction.
Notes:
(1) Transaction fee (for transactions in financial instruments) does not include possible additional fees and other payments charged by vehicle companies(such as stock exchanges, foreign regulators of the financial instruments markets, and associations of professional stock market participants.
(2) Custody fee is calculated based on the aggregate market value of the FI held in the portfolio as at the last working day of every month. The Bank calculates the fee (in EUR) based on and deducts the fee from the aggregate market value of the FI held in the portfolio. For this purpose, the Bank converts the currency, in which the FI are denominated, into euros according to the Bank’s exchange rate valid for the date when the fee is calculated.
(3) Settlement fee (min EUR 50.00) is charged additionally according to the requirements of Bank’s counterparties.
(4) Complete turnover = purchase + sale of 1 contract (position opening and position closing); the fee is paid in the currency in which the contract is denominated
(5) For the purpose of calculating the fees, the financial-instrument portfolio means a group of financial instruments held in the FI Account; the group is segregated from all other Client-owned FI according to the following features: according to the features as specified on Client s application; FI purchased / transferred by Client through BIB TRADER trading platform; all other FI.
REPO TRANSACTIONS
| Fee charged for conclusion of repo agreement | EUR 400.00 |
| REPO percent rate | as agreed |
| Min. REPO term | 1 day |
| Fee for REPO transaction (fee is not charged, if the number of securities remains unchanged when extending REPO transaction term) | EUR 50.00 |
FUTURES CONTRACTS
| Trading futures | USD 30.00, EUR 30.00, GBP 30.00 the complete turnover (1) |
Settlement and Delivery Timeframes of Financial Instruments
Transactions in financial instruments shall be settled (the funds shall be withdrawn from the account) not later than five banking days after the execution of the transaction, or at such later time as stipulated by international market practice pursued by the respective financial-instrument markets. The financial instruments shall be delivered (the financial instruments shall be remitted into the account) not later than the date when the respective financial instruments have entered Bank’s account. The specific delivery date shall depend on the terms and conditions of the respective trading facility (execution venue) and Bank’s Counterparties to the transaction.
Notes
1 Complete turnover = purchase + sale of 1 contract (position opening and position closing); the fee is paid in the currency in which the contract is denominated
INVESTMENT FUNDS
| Purchase of bond investment fund units | 1.50% of the transaction amount, a minimum of EUR 100.00 |
| Purchase of balanced investment fund units | 1.75% of the transaction amount, a minimum of EUR 100.00 |
| Purchase of equity investment fund units | 1.75% of the transaction amount, a minimum of EUR 100.00 |
| Purchase of hedge fund units | 2.50% о of the transaction amount, a minimum of EUR 400.00 + Counterparties commission fee |
| Purchase of Money-market fund units | EUR 100.00 + Counterparties commission fee |
| Sale of bond investment fund units | 0.50% of the transaction amount, a minimum of EUR 100.00 |
| Sale of balanced investment fund units | 0.75% of the transaction amount, a minimum of EUR 100.00 |
| Sale of equity investment fund units | 0.75% of the transaction amount, a minimum of EUR 100.00 |
| Sale of hedge fund units | 1.25 of the transaction amount, a minimum of EUR 400.00 + Counterparties commission fee |
| Sale of Money-market fund units | EUR 100.00 + Counterparties commission fee |
The Bank may obtain extra benefits for the distribution of the products of third parties from the product owner or sales points that provide the option of purchasing the product. The amount of this extra benefit is calculated according to the algorithm developed by the payer of the extra benefit and depends, among other things, on the amount of money accumulated by the Bank in this product. The client is entitled to request to be provided with a detailed explanation of the procedure for calculation of the extra benefit in respect of each individual payer of the benefit.
| Custody fee (per month) (1,2) | |
| Fund units | 0.25% per year, min. EUR 25 per month |
(1) Transaction fee (for transactions in financial instruments) does not include possible additional fees and other payments charged by vehicle companies(such as stock exchanges, foreign regulators of the financial instruments markets, and associations of professional stock market participants.
(2) Custody fee is calculated based on the aggregate market value of the FI held in the portfolio as at the last working day of every month. If the aggregate market value of the bonds held in the FI portfolio is below the face value of the bonds held in the FI portfolio, then the face value of the bonds will only be used to calculate the volume of the portfolio. The Bank calculates the fee (in EUR) based on and deducts the fee from the aggregate market value of the FI held in the portfolio. For this purpose, the Bank converts the currency, in which the FI are denominated, into euros according to the Bank’s exchange rate valid for the date when the fee is calculated. The calculation of the fee does not take into account the accrued coupon.
STRUCTURED PRODUCTS
| Transactions involving structured products | 1.00% of the transaction value (1) |
(1) In addition, a settlement fee can be charged upon request of Bank’s Counterparties, but no less than EUR 40.00.
For distribution of third-party products, Bank may receive inducement from the product owner or from trading venues providing the opportunity to purchase the product.
The sum of the inducement
- is calculated using the algorithm set forth by the payer of the inducement, and
- depends, among other things, on the amount of money accumulated in the product by Bank.
client has the right to request for a detailed explanation regarding the manner of calculating the inducement with respect to each individual payer of the inducement.
TRADING FOREX AND CFD VIA BIB TRADER
| BIB TRADER platform access and funds transfer fees | |
| User Access Fee charged by the trading platform | EUR 100.00/month |
| Minimum deposit amount (to be eligible to use BIB TRADER platform) |
USD 50 000.00 (or equivalent in another currency) |
| Funds transfer from the BIB TRADER account to the account held with Baltic International Bank | free of charge |
| Fee for a voice-based deal or a deal transacted according to client s order by fax or internet banking system transacted via client s platform | USD 50.00 * |
* The fee is only charged for the executed order, irrespective of the volume (size) of the transaction or the cumulative number of lots.
Settlement and Delivery Timeframes of Financial Instruments
Transactions in financial instruments shall be settled (the funds shall be withdrawn from the account) not later than five banking days after the execution of the transaction, or at such later time as stipulated by international market practice pursued by the respective financial-instrument markets. The financial instruments shall be delivered (the financial instruments shall be remitted into the account) not later than the date when the respective financial instruments have entered Bank’ s account. The specific delivery date shall depend on the terms and conditions of the respective trading facility (execution venue) and Bank’s Counterparties to the transaction.
| Forex trading | |
| Fee charged for forex transactions (except for SPOT metals) | The fee is charged per trade twice, i.e. at the time of position opening and at the time of position closure. The fee totals 0.006% for the traded volume/lot that is the equivalent of one million units of the base currency (e.g. for the opening and the closure of the position USD 1 million worth, you will pay USD 60.00 for the position opening and USD 60.00 for the position closure)* |
* The fee is charged in quote currency of the instrument and will be converted into the currency of the Guarantee Deposit account, according to the exchange rate established by the Business Partner (counterparty).
| CFD trading | |
| Trading in CFD and SPOT metals | The fee is charged per trade twice, i.e. at the time of position opening and at the time of position closure. The fee totals 0.009% for the traded volume/lot that is the equivalent of one million units of the base currency (e.g. for the opening and the closure of the position USD 1 million worth, you will pay USD 90.00 for the position opening and USD 90.00 USD for the position closure)* |
* The fee is charged in quote currency of the instrument and will be converted into the currency of the Guarantee Deposit account, according to the exchange rate established by the Business Partner (counterparty).
| Considering of a Loan Application | 0.05 % of the agreement sum, min. EUR 300 |
| Loan Origination | up to 1.50 % of the agreement sum, min. EUR 1 000 |
| Loan Rate | Individual |
* Please contact Bank for additional information about Bank’s fees.
| Import Letter of Credit (the Bank’s client is a Buyer of Goods) | |
| Advice of documentary operations specialist | free of charge |
| Application review, incl. Preparing draft letter of credit | EUR 150 |
| Issuing letter of credit / Increasing the amount | 0.20% of the amount (min. EUR 200) |
| Taking up of documents (per set of documents)* | 0.20% of the amount (min. EUR 200) |
* On set of documents are documents, applicable for one transportation document
Please contact Bank for additional information about Bank’s fees.
| Export Letter of Credit (the Bank’s client is a Seller of Goods) | |
| Advice of documentary operations specialist | free of charge |
| Advising / Increasing the amount of letter of credit | 0.10% of the amount (min. EUR 200, max. EUR 1 000) |
| Taking-up of documents (per set of documents)* | 0.20% of the amount (min. EUR 200) |
* On set of documents are documents, applicable for one transportation document
Please contact Bank for additional information about Bank’s fees.
| Import Documentary Collection (the Bank’s client is a Buyer of Goods) | |
| Advice of documentary operations specialist | free of charge |
| Advising of import documentary collection | EUR 50 |
| Delivery of documents against payment/acceptance | 0.20% of the amount (min. EUR 150) |
| Delivery of documents free of payment | EUR 50 |
| Return of documents | EUR 50 |
| Amendment or cancellation | EUR 50 |
* Please contact Bank for additional information about Bank’s fees.
| Export Documentary Collection (the Bank’s client is a Seller of Goods) | |
| Advice of documentary operations specialist | free of charge |
| Documentary Collection | 0.20% of the amount (min. EUR 150) |
| Amendment or cancellation | EUR 50 |
* Please contact Bank for additional information about Bank’s fees.
| Issuing Guarantee | |
| Advice of documentary operations specialist | free of charge |
| Application review, incl. preparing draft guarantee | EUR 150 |
| Issuance of guarantee (with cash collateral) | 1.00% per year (min. EUR 150) |
* Please contact Bank for additional information about Bank’s fees.
| Receiving Guarantee | |
| Advice of documentary operations specialist | free of charge |
| Advising / Increasing the amount of guarantee | 0.10% of the amount (min. EUR 200, max. EUR 1 000) |
| Request for payment under guarantee | 0.20% of the amount (min. EUR 200) |
* Please contact Bank for additional information about Bank’s fees.
| Consulting service | free of charge |
* Please contact Bank for additional information about Bank’s fees.
Full Bank's pricelist is available here.