Account Fees for Business

1. Account opening:

free of charge

2. Account management1 (excl. non-residents and PSP)2

EUR 3.00 / month

3. Closing the account

Free of charge

4. Verification of representation documents of the client's representative3

3.00 EUR

5. Data verification, identifying the Customer4

400.00 EUR

6. Fee for keeping funds where the client does not transfer funds to other accounts after the end of the business relationship

0.05 % (min. EUR 3.00)

7. Provision of account statement:

7.1. In bank's units:

7.1.1. for a day

EUR 1.00 (VAT included)

7.1.2. for a month

EUR 2.00 (VAT included)

7.1.3. per quarter

EUR 4.00 (VAT included)

7.1.4. for a year

EUR 12.00 (VAT included)

7.2. via internet bank

free of charge for the last 5 years

7.3. via mobile app

free of charge for the last 6 months

8. The fee charged on balances in the accounts in EUR in excess of EUR 1,000,0005

European Central Bank deposit facility rate (per cent) / 360 days (fee applies only if the European Central Bank deposit facility rate is negative)

9. The fee charged from Financial Institutions6 on balances in the accounts in EUR in excess of EUR 500,0005

The European Central Bank deposit facility rate (per cent) minus 0.5 percentage points / 360 days (the fee applies only if the European Central Bank deposit facility rate is lower than 0.5 per cent)

1 The commission fee is debited from the Client's Account (applicable to each Account held by the Client) regardless of the performed / not performed transactions on the last day of each month. If there are insufficient funds to debit the Commission Fee, the Bank shall debit this Commission Fee (or a part thereof) at any time later, when funds appear in any Client’s Account. The commission does not apply to securities transactions / savings / savings / deposit accounts.

2 Non-residents, PSPs, resident legal entities which founder (shareholder) is a non-resident holding 25% or more of the assets / shares / voting rights or the beneficiary is a non-resident natural person, and legal entities which activities are classified as high-risk activities shall be subject to an individual rate, the amount of which shall be offered to the Customer prior the conclusion of the Account Agreement or in the course of the business relationship by informing the Customer individually before 30 calendar days. The Bank shall also have the right to require a deposit from the Customer for the entire duration of the Bank Account Agreement.

High-risk activities:

  • activities involving ferrous, non-ferrous or precious (rare) metals, precious stones, jewellery, pieces of art;
  • trade in motor vehicles (except trade in agricultural machinery);
  • trade in petroleum products;
  • organisation and conduct of lotteries, gambling;
  • charitable activity;
  • exchange of currency;
  • insurance or reinsurance

3 The Comission fee shall apply to: (I) a natural person - for verification of the Customer's representation document at the register and / or the assignment of representative to the Customer's account (s) management so that the representative could be provided with the information, documents, conclude transactions and other permissible activities.

4 The commission applies to: a non-resident legal entity and a resident legal entity whose founder (shareholder) is a non-resident holding 25% or more of the assets / shares / voting rights, or to the beneficiary who is a non-resident natural person. This fee applies both at the beginning of the business relationship and during the course of the business relationship (e.g., in the event of a change of manager / beneficiary / shareholder, etc.). Data verification is performed only after payment of the Commission fee. In case the Bank decides not to open an account due to preventive reasons or the Customer due to personal reasons, the Commission fee paid by the Customer shall not be refunded.

5 The fee does not apply if the European Central Bank (ECB) deposit facility rate is positive. Otherwise (i.e. if the ECB deposit facility rate is negative and if the total balance of all the Customer's bank accounts exceeds the limit specified in the table), the fee is calculated at the end of each calendar day. The fee for the previous calendar month is debited by the 10th day of the following calendar month in accordance with the procedure set out in Artea bank Payment Services Rules. The ECB annual interest rate for using the deposit facility is published here.

6 The fee will not be applied if the European Central Bank (ECB) deposit facility interest rate is equal to or higher than 0.5%. Otherwise (i.e. if the ECB deposit facility interest rate is lower than 0.5% and if the total balance of all the Customer's bank accounts exceeds the limit specified in the table), the fee is calculated at the end of each calendar day. The fee for the previous calendar month is debited by the 10th day of the following calendar month in accordance with the procedure set out in Artea bank Payment Services Rules. The ECB annual interest rate for the use of the deposit facility is published here.

Financial institutions are enterprises (including branches, representative offices, etc.) that provide financial, investment, insurance services, including but not limited to banks, credit unions and other credit institutions, payment institutions, electronic money institutions, insurance companies and insurance brokers, brokerage firms, investment companies, collective investment undertakings, pension funds