Advantages of current account:
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payments of various urgency and with various types of fees via internetbank;
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multicurrency account – multiple currencies may be transferred to the account. It is up to the customer to choose when and in what currency to convert funds;
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safe and round-the-clock management of your account via the internetbank;
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monitoring of all your transactions via the internetbank.
Documents required for account opening:

For individual
Provide documents confirming the source of funds:
-an account statement from another bank for 6 months,
-tax declaration,
-work reference,
-labor contract,
-private entrepreneur documents, etc.

For legal entities
Foundation documents of the company:
– Document certifying state registration of the company (registration certificate, etc.);
– Documents governing the company’s organisation and activities (articles of association, etc.);
– Document certifying the appointment of a governing body (minutes certifying appointment of the director, etc.);
– Document certifying beneficial owner’s proprietary rights and/or control in the company (certificate of stakes/shares, trust agreement, etc.);
– Documents certifying a person’s right to open/manage/close accounts on behalf of the company, if this person is not indicated in the foundation documents (power of attorney with the Apostille, etc.);
– Documents certifying the legal capacity of a company registered for more than one year at the time of opening an account (Certificate of Good Standing with the Apostille, etc.);
Passport or identity document of the account manager.

Documents of the beneficial owner
– Documents certifying ownership of stakes or management in other companies,
– Statement of account of another company owned by the beneficial owner,
– Bank recommendation / certificate from the bank,
– References / declarations on payment of taxes,
– Confirmation of ownership / sale of movable and immovable property,
– Documents confirming payment of dividends to the beneficiary for significant amounts,
– Documents confirming the receipt of inheritance, etc.
Documents confirming the beneficial owner’s experience and expertise in the declared area of activities:
– Curriculum Vitae,
– Certificate of education,
– Proof of employment / extract from employment record card / employment agreement,
Passport or identity document of the beneficial owner.
For account opening:
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identification of the customer/account manager may take place either at the Bank, or during business trips of the Bank’s employees outside Latvia;
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the customer shall fill in the bank forms required for the account opening; in case of a legal entity, an information letter with a detailed description of the scheme of activities, the main partners, the purpose of using the account, and other information about the company’s activities shall be prepared.
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Please, note that:
decision on the account opening is made within 10 working days on the basis of the documents and information provided by you;
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terms for servicing of accounts are specified in PrivatBank General Regulations for Transactions;
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For additional information, please call:
8515 – for calls from Latvia
+371 6704 1300 – for calling from abroad