In addition to these tight banking laws, the requirement for both simplicity and privacy in opening and operating accounts has been heeded in the country and especially at the Bank. Excellent English is spoken by the Bank staff, and both phone and fax communications to and from Latvia are as good as anywhere in the world. Banking Services Provided By The Bank Personal accounts feature the full range of the Latvian Bank's remote banking services, including the possibility to operate one's account via the Internet and via fax as well as to access cash with ATM cards issued by the bank. Applying online lets you obtain an account number within one business day, and the account is being automatically reserved and made eligible for credits right away - this means your payers or you yourself can send funds to this account. Accounts feature the multi-currency function that enables to credit the account with different currencies and also to make payments in different currencies, irrespective of the current balance of that specific currency.
Personal accounts bear no interest.
Savings accounts are offered as supplements to personal accounts. Please click here for current interest rates. You will also have to send the bank a notarised copy of your passport. The account will be activated in full after these items are returned to the bank.