For new companies

Customer can start using:

• a current account;
• Business Internet Bank;
• SWIFT services.

Requirements:

• The company must have been active in conducting settlements at Swedbank for the last six months.
• The company has to have a connection with the country where the account is requested to be opened. The opening of an account has to be justified and necessary for the business activities of the company.
• The documents necessary for account opening have to be in English.

The time it takes to open an account will depend on the chosen bank.

The requested information contains personal data and we will process such personal data in accordance with Bank’s Principles of Processing Client Data.

The fee is expressed as a percentage per year (360 days) and is equal to the interest rate published by the central bank of the relevant currency. Interest is calculated daily on the end-of-day balance that exceeds the limit and is rounded to two decimal places. The fee is calculated on the basis of the aggregate balance of all the client’s current accounts in a given currency (excluding accounts belonging to the group). The calculated fee is debited from the client’s account once a month, on the 15th day of the month following the month of invoicing, at the latest. The fee does not apply if the interest published by the central bank is zero or positive.

Example: If the total end-of-day balance on the current accounts is EUR 2,000,000 and the interest rate of the European Central Bank is -0.5%, then the account balance fee for that day is 2,000,000 - 1,000,000 = 1,000,000 * 0.5%/360 = EUR 13.89.

The fee is expressed as a percentage per year (360 days) and is equal to the interest rate published by the central bank of the relevant currency. Interest is calculated daily on the end-of-day balance of the group account that exceeds the limit and is rounded to two decimal places. The calculated fee is debited from the client’s account once a month, on the 15th day of the month following the month of invoicing, at the latest. The fee does not apply if the interest published by the central bank is zero or positive.

Example: If the total end-of-day balance on the group account is EUR 2,000,000 and the interest rate of the European Central Bank is -0.5%, then the account balance fee for that day is 2,000,000 - 1,000,000 = 1,000,000 * 0.5%/360 = EUR 13.89.