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Parex Group / Services / Current account / For private persons

For private persons

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Those having the possibility to visit the bank or its representative office in person will need to show the bank specialist his or her valid passport.

To complete your account opening remotely, you will need to
1 fill in and sign the account opening paperwork. Please contact our client service, mentioning your citizenship and the country of residence to get the paperwork and completing guide. It is convenient to contact our client service using the account opening form. You are welcome to contact us by phone (+371 6 7010 000) or e-mail (info@parexgroup.com) as well;
2 get your specimen signature on the bank form notarized by a NOTARY PUBLIC, and certified with APOSTILLE (or LEGALIZED, for countries that are not members to Hague convention). Notarization has to be made in English or, should this be impossible, officially translated into English. The notarized and apostilled (or LEGALIZED, for countries that are not members to Apostille Convention) passport copy also has to be provided;
3 mail the paperwork to the bank;
4 pay the account opening fee (see below).

The account opening costs consist of:

  • the account opening fee ($50);
  • the online banking tool chosen. For fax banking and unrestricted online banking, Parex banka provides a Digipass signature calculator ($50). For restricted online banking with LVL 5000 or other currency equivalent one-time limit and LVL 15000 or other currency equivalent daily limit, a Code Card (a plastic card with a set of fixed authorization codes) is offered free of charge to owners of “normal” private accounts. To learn more about online banking, please visit the online banking section;
  • debit card issuance is $50 (optional);
  • courier delivery of the account package is at least $50.

So, for instance, a “light” account set (account + restricted internet banking with code card + delivery) costs $100, whereas a “full” set of account + Digipass + debit card + delivery costs $200.