ACCOUNTS FOR BUSINESSES

Business accounts for different purposes and projects.

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For any business

Apply regardless of how old and experienced your business is.

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Extensive opportunities

Make use of our range of services, from temporary accounts to current accounts.

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Financial management

Control your company’s finances both in the online bank and mobile app.

Citadele accounts

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All businesses need an idea, starting capital and a bank account. A Citadele account is a powerful motor which will drive your business forward. Our highly experienced consultants will find the solution to ensure that your business can receive loans and guarantees, make international transactions, and use the most up-to-date e-commerce and card acceptance tools.


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Temporary account

Taken the first steps in launching a business and now need a business account? We have worked to ensure that opening one is as simple as possible. Open a temporary account remotely*:

  • Fill in an application to open a temporary account.**
  • Once your temporary account is open, you will receive an electronically-signed letter from the bank by email, in which we will give you your temporary account number.
  • Pay in your base capital.
  • Once you have founded your business, transfer your temporary account into a permanent account remotely.

* Only newly-founded businesses in the Republic of Latvia with a single founder can open a temporary account remotely.
** Before founding your business, check whether you have selected a unique name: https://www.ur.gov.lv/en/.

Business current account

Once a business has been founded, it’s time for a current account. A Citadele current account gives you more opportunities to run your day-to-day business conveniently and successfully.

  • Multi-currency accounts can make payments in several currencies. Citadele clients can also make transfers in USD.
  • Easily link your account to your accounting programme for wage payments and other transfers.
  • Use your account for both transfers and cash transactions, using our payment cards for withdrawing and depositing cash from our ATMs.
  • Make payments and oversee your account using the online bank and mobile app.
  • If you are not yet our customer but can represent your company alone, fill out the application and questionnaire remotely. All you need is a qualified SmartID, eID or eSignature MOBILE for identification and signing the application.
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Escrow accounts for businesses

Do you have a serious transaction in mind, but want to reduce the risk of the other party not fulfilling their obligations? For these situations, we offer an escrow account. The bank ensures that, once one party has fulfilled their obligations, the other party pays.

  • Complete real estate and other transactions.
  • There may be an increased commission fee if there are more than three parties involved in the transactions; the agreement must be prepared in another language; the account needs to be opened urgently; or the standard terms and conditions are changed per the customer’s request.
  • Please bear in mind that, when submitting an application, all involved parties must sign.
  • Apply for a Transaction Account remotely by signing an application form using eParaksts and emailing it to info@citadele.lv, or by filling in a free-form order through the online bank and attaching an application. You can also submit an application at any of our customer service locations.
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Open an account without coming to a branch

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Fill out the application

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Choose the most suitable payment plan

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Get access to banking services in a few minutes

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Fill out the application

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Choose the most suitable payment plan

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Get access to banking services in a few minutes

Ready to apply?

Authorize with the most convenient method for you - Qualified Smart-ID, eID, eSignature MOBILE.
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Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
What you need to know before applying?

If you are not yet our business customer, you can join us without coming to the bank! Now you just have to complete an application on the Citadele’s website. Fill it in and we will deliver the card to you free of charge within Latvia.

To become a customer using an application on the Citadele website, the following criteria must be met:

  • the legal form of the company is SIA (Ltd.), individual merchant (IK), farm undertaking or fishery undertaking (ZS).
  • your company is registered in the Register of Enterprises of the Republic of Latvia with a turnover of up to 30 000 EUR.
  • your company is solvent.
  • the company carries out economic activity in Latvia.
  • you have been issued a passport or identity card of citizen or non-citizen of the Republic of Latvia.
  • you have the right to represent the company individually.
  • you have a qualified electronic signature - eSignature maintained by SmartID QES or LVRTC in Latvia.

If any of the above criteria is not met, please visit any of our branches, bringing an identity document.

Please note that when you become a customer of Citadele banka remotely, initially your company account will be limited. The maximum total amount of incoming transactions per month can be up to 30 000 EUR. This condition can be changed upon visiting a branch of the bank.
 

What services will I receive?

When applying remotely, choose the most advantageous payment plan for your company. This will provide your company with:

  • a certain number of free SEPA transfers (depending on the type of plan);
  • unlimited number of free intrabank transfers;
  • a certain number of free current accounts;
  • a certain number of free X Business Cards with an account in the first year of service.

In addition, an application for the Online Banking is processed:

  • if you are already a customer of the bank and use Citadele Online Banking with the authorization device MobileSCAN, you will be able to choose whether to use the existing connection or create a new one (a new MobileSCAN license and login will be issued);
  • if you do not currently use Citadele Online Banking or you have another authorization device, you will be issued a new Online Banking Agreement with a new login name and MobileSCAN license.
     

I have completed the application. What to do next?

After you have finished completion of the application, a bank representative will contact you if necessary. If the application is successful and no additional information is required, you will receive the following information in the near future:

  • an e-mail about the successful completion of the application and instructions on how to proceed;
  • an SMS with the login to the Online Banking (if a new Online Banking Agreement was drawn up).

 

To view detailed information about the services you applied for, go to the section of the website “My applications”.

To view the status of your application and detailed information about the services of by Citadele banka you applied for, log in with a secure electronic signature.

After you have been granted access to the Online Banking, create a password with which you will be able to identify yourself by telephone on behalf of the company.

Be sure to do this, because if you have questions about your company’s services and would like to contact us by telephone, we will need to identify you as a company representative. When you call us, we will ask for your telephone password and you will have to state it. Without this password, we will not be able to verify by telephone that you are authorized to represent the company and will not be able to provide any information about the company’s accounts and other products.

How to activate Online Banking?
If you are a new user of the Online Banking and you need to activate the authorization device MobileSCAN for the Online Banking, go to the section of the website “My applications”

To activate MobileSCAN, log in to the section “My Applications”.

After authorization, you will see detailed information about the company’s application, the services applied for and the activation of MobileSCAN.

In addition, download Citadele’s mobile app from Google play or App store to enable MobileSCAN activation.

After activating your Online Banking, create the company’s password for telephone identification.

Be sure to do this, because if you have questions about your company’s services and would like to contact us by telephone, we will need to identify you as a company representative. When you call us, we will ask for your telephone password and you will have to state it. Without this password, we will not be able to verify by telephone that you are authorized to represent the company and will not be able to provide any information about the company’s accounts and other products.

How to fill in the application?

To start the completion, click on “Business customers” > “Become a customer” > “Become a customer” > “Become a customer remotely” and read the basic conditions. Before filling in the application, choose the most suitable type of authorization.

Why can’t I use my Online Banking to fill in and sign an application?

A qualified electronic signature, which is legally equivalent to a handwritten signature, must be used to complete the application. Qualified electronic signatures in Latvia are:

  • SmartID QES;
  • eSignature maintained by LVRTC.

Who should I contact in case of technical problems with the service?

Contact us at 6701 0000 or info@citadele.lv.

Can I fill in the application and apply for corporate banking services remotely, if the planned turnover exceeds 30 000 EUR?

If the monthly turnover of your company exceeds 30 000 EUR, you will be able to apply for banking services only in person.

What are the costs of the service?

Registration and sending the card by post is free of charge. You can read information on the costs of the payment plan here.

How to fill in the application if I cannot sign it individually?

If you do not have the right to sign the application individually, you must apply for a face-to-face visit to the bank’s branch with the other signatories.

Do I, as an individual, have to be a Citadele customer to apply for corporate banking services remotely?

No, you do not have to be a Citadele customer. However, if you want to become one, download the Citadele mobile app and select the section “Become a bank customer”.

What is the application process?

  • Go to the section of the website “Business customers” > “Become a customer” > “Become a customer” > “Become a customer remotely”.
  • Read the basic conditions.
  • Choose the most convenient type of authorization.
  • Fill in information about your company.
  • Sign the application with a pre-selected qualified electronic signature.

What will happen to banking services if I exceed the limits?

  • If you receive more than 30 000 EUR in your account in the current month, banking services will be limited. In this case, a bank representative will contact you and advise you on further actions.
  • If you already know that you will receive more than 30 000 EUR per month in the company’s account, apply for a face-to-face visit to the bank’s branch in time.

Are there any additional conditions?

When you become a bank customer on the Citadele website, initially your account will have a maximum total amount of incoming payments of 60 000 EUR per month that you can receive in your account. This condition can be changed upon arrival at a branch of the bank.

How soon will I be able to start using banking services?

The account and Citadele Online bank are available immediately after you have received an e-mail about successful submission of the application, you will receive an X Business Card by post within a week. Activate the card in the mobile app or Online bank and use it for making payments.

What are the conditions for completing the application?

To become a customer using an application on the Citadele website, the following criteria must be met:

  • the legal form of the company is SIA (Ltd.), individual merchant (IK), farm undertaking or fishery undertaking (ZS).
  • your company is registered in the Register of Enterprises of the Republic of Latvia with a turnover of up to 30 000 EUR.
  • your company is solvent.
  • the company carries out economic activity in Latvia.
  • you have been issued a passport or identity card of citizen or non-citizen of the Republic of Latvia.
  • you have the right to represent the company individually.
  • you have a qualified electronic signature - eSignature maintained by SmartID QES or LVRTC in Latvia.

I already have the Online Banking of the bank, will I be able to use the existing connection if I apply for corporate services remotely?

  • If the authorization device for the existing Online Banking is MobileSCAN, you will be able to use the existing connection. A bank specialist will contact you to clarify whether you want to draw up a new Online Banking Agreement or use the current one.
  • If you do not have MobileSCAN yet, log in to your Online Banking and connect it.

How soon will I be able to receive my X Business Card?

Within a week after completing the application. You will receive two shipments – the X Business card is sent first and a few days later – the PIN code.

Can my company be refused to become a bank customer?

The bank may refuse to become a customer in cases specified in regulatory enactments and in accordance with the bank’s internal regulatory documents, for example, if the bank cannot verify the legality of the company’s income or if the authorized person provides false information to the bank.

How long does it take to complete an application on the website?

It takes an average of 10 minutes to complete the application.

More questions
What you need to know before applying?

If you are not yet our business customer, you can join us without coming to the bank! Now you just have to complete an application on the Citadele’s website. Fill it in and we will deliver the card to you free of charge within Latvia.

To become a customer using an application on the Citadele website, the following criteria must be met:

  • the legal form of the company is SIA (Ltd.), individual merchant (IK), farm undertaking or fishery undertaking (ZS).
  • your company is registered in the Register of Enterprises of the Republic of Latvia with a turnover of up to 30 000 EUR.
  • your company is solvent.
  • the company carries out economic activity in Latvia.
  • you have been issued a passport or identity card of citizen or non-citizen of the Republic of Latvia.
  • you have the right to represent the company individually.
  • you have a qualified electronic signature - eSignature maintained by SmartID QES or LVRTC in Latvia.

If any of the above criteria is not met, please visit any of our branches, bringing an identity document.

Please note that when you become a customer of Citadele banka remotely, initially your company account will be limited. The maximum total amount of incoming transactions per month can be up to 30 000 EUR. This condition can be changed upon visiting a branch of the bank.
 

What services will I receive?

When applying remotely, choose the most advantageous payment plan for your company. This will provide your company with:

  • a certain number of free SEPA transfers (depending on the type of plan);
  • unlimited number of free intrabank transfers;
  • a certain number of free current accounts;
  • a certain number of free X Business Cards with an account in the first year of service.

In addition, an application for the Online Banking is processed:

  • if you are already a customer of the bank and use Citadele Online Banking with the authorization device MobileSCAN, you will be able to choose whether to use the existing connection or create a new one (a new MobileSCAN license and login will be issued);
  • if you do not currently use Citadele Online Banking or you have another authorization device, you will be issued a new Online Banking Agreement with a new login name and MobileSCAN license.
     

I have completed the application. What to do next?

After you have finished completion of the application, a bank representative will contact you if necessary. If the application is successful and no additional information is required, you will receive the following information in the near future:

  • an e-mail about the successful completion of the application and instructions on how to proceed;
  • an SMS with the login to the Online Banking (if a new Online Banking Agreement was drawn up).

 

To view detailed information about the services you applied for, go to the section of the website “My applications”.

To view the status of your application and detailed information about the services of by Citadele banka you applied for, log in with a secure electronic signature.

After you have been granted access to the Online Banking, create a password with which you will be able to identify yourself by telephone on behalf of the company.

Be sure to do this, because if you have questions about your company’s services and would like to contact us by telephone, we will need to identify you as a company representative. When you call us, we will ask for your telephone password and you will have to state it. Without this password, we will not be able to verify by telephone that you are authorized to represent the company and will not be able to provide any information about the company’s accounts and other products.

How to activate Online Banking?
If you are a new user of the Online Banking and you need to activate the authorization device MobileSCAN for the Online Banking, go to the section of the website “My applications”

To activate MobileSCAN, log in to the section “My Applications”.

After authorization, you will see detailed information about the company’s application, the services applied for and the activation of MobileSCAN.

In addition, download Citadele’s mobile app from Google play or App store to enable MobileSCAN activation.

After activating your Online Banking, create the company’s password for telephone identification.

Be sure to do this, because if you have questions about your company’s services and would like to contact us by telephone, we will need to identify you as a company representative. When you call us, we will ask for your telephone password and you will have to state it. Without this password, we will not be able to verify by telephone that you are authorized to represent the company and will not be able to provide any information about the company’s accounts and other products.

How to fill in the application?

To start the completion, click on “Business customers” > “Become a customer” > “Become a customer” > “Become a customer remotely” and read the basic conditions. Before filling in the application, choose the most suitable type of authorization.

Why can’t I use my Online Banking to fill in and sign an application?

A qualified electronic signature, which is legally equivalent to a handwritten signature, must be used to complete the application. Qualified electronic signatures in Latvia are:

  • SmartID QES;
  • eSignature maintained by LVRTC.

Who should I contact in case of technical problems with the service?

Contact us at 6701 0000 or info@citadele.lv.

Can I fill in the application and apply for corporate banking services remotely, if the planned turnover exceeds 30 000 EUR?

If the monthly turnover of your company exceeds 30 000 EUR, you will be able to apply for banking services only in person.

What are the costs of the service?

Registration and sending the card by post is free of charge. You can read information on the costs of the payment plan here.

How to fill in the application if I cannot sign it individually?

If you do not have the right to sign the application individually, you must apply for a face-to-face visit to the bank’s branch with the other signatories.

Do I, as an individual, have to be a Citadele customer to apply for corporate banking services remotely?

No, you do not have to be a Citadele customer. However, if you want to become one, download the Citadele mobile app and select the section “Become a bank customer”.

What is the application process?

  • Go to the section of the website “Business customers” > “Become a customer” > “Become a customer” > “Become a customer remotely”.
  • Read the basic conditions.
  • Choose the most convenient type of authorization.
  • Fill in information about your company.
  • Sign the application with a pre-selected qualified electronic signature.

What will happen to banking services if I exceed the limits?

  • If you receive more than 30 000 EUR in your account in the current month, banking services will be limited. In this case, a bank representative will contact you and advise you on further actions.
  • If you already know that you will receive more than 30 000 EUR per month in the company’s account, apply for a face-to-face visit to the bank’s branch in time.

Are there any additional conditions?

When you become a bank customer on the Citadele website, initially your account will have a maximum total amount of incoming payments of 60 000 EUR per month that you can receive in your account. This condition can be changed upon arrival at a branch of the bank.

How soon will I be able to start using banking services?

The account and Citadele Online bank are available immediately after you have received an e-mail about successful submission of the application, you will receive an X Business Card by post within a week. Activate the card in the mobile app or Online bank and use it for making payments.

What are the conditions for completing the application?

To become a customer using an application on the Citadele website, the following criteria must be met:

  • the legal form of the company is SIA (Ltd.), individual merchant (IK), farm undertaking or fishery undertaking (ZS).
  • your company is registered in the Register of Enterprises of the Republic of Latvia with a turnover of up to 30 000 EUR.
  • your company is solvent.
  • the company carries out economic activity in Latvia.
  • you have been issued a passport or identity card of citizen or non-citizen of the Republic of Latvia.
  • you have the right to represent the company individually.
  • you have a qualified electronic signature - eSignature maintained by SmartID QES or LVRTC in Latvia.

I already have the Online Banking of the bank, will I be able to use the existing connection if I apply for corporate services remotely?

  • If the authorization device for the existing Online Banking is MobileSCAN, you will be able to use the existing connection. A bank specialist will contact you to clarify whether you want to draw up a new Online Banking Agreement or use the current one.
  • If you do not have MobileSCAN yet, log in to your Online Banking and connect it.

How soon will I be able to receive my X Business Card?

Within a week after completing the application. You will receive two shipments – the X Business card is sent first and a few days later – the PIN code.

Can my company be refused to become a bank customer?

The bank may refuse to become a customer in cases specified in regulatory enactments and in accordance with the bank’s internal regulatory documents, for example, if the bank cannot verify the legality of the company’s income or if the authorized person provides false information to the bank.

How long does it take to complete an application on the website?

It takes an average of 10 minutes to complete the application.

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Online card acceptance

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