Overview
BluOr Bank, at a glance.
BluOr Bank is a bank headquartered in Latvia, regulated by Latvijas Banka. Business accounts cost €5 a month. Opening an account takes 10+ business days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
BluOr Bank AS is a licensed bank in Latvia. Eligible deposits are covered up to €100,000 under Latvia's Deposit Guarantee Law.
Why businesses pick BluOr Bank
- A licensed EU bank with a low monthly fee of €5
- Companies from the EU, EEA, Switzerland and the UK can open the account remotely
- Accepts non-residents: company owners may live outside Latvia
- Instant and standard SEPA payments at €0.40 each
- Visa Business cards, deposits, trade finance and an API
- Deposits covered up to €100,000
Watch out for
- Document review can take more than 10 business days, and the review fee is not refunded if the bank refuses
- Companies from other countries must apply in person in Riga
- Depending on the business and its ownership, the monthly fee can be raised to as much as €10,000
- Maritime businesses pay an extra €500 a month
- Each person with an identity document issued outside the EU costs an extra €250 to verify
- Card payments in another currency cost 3%
Business fit
Will BluOr Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on BluOr Bank's published rules
Likely fit
BluOr Bank lists both United Kingdom companies and Startups and SMEs as accepted.
BluOr Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What BluOr Bank publishes about the businesses it takes on.
Who BluOr Bank serves
- Startups and SMEs
- Import and export
- Holding companies
Not supported
Industries and countries BluOr Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use BluOr Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR, USD and other major currencies
Payment reach
Not published
Who can apply
Company incorporation countries32 countries · show list
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- Iceland
- Liechtenstein
- Norway
- Switzerland
- United Kingdom
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Legal entities, Partnerships, Foundations
Pricing
What does BluOr Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
€50
Monthly fee
€5
Current account
€5 per month
€50 setup · €110 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| Outgoing | ||
| SEPA | €0.4 | Fixed fee · Urgent payment; an express payment costs €15 |
| SEPA Instant | €0.4 | Fixed fee · Up to €30,000 |
| SWIFT / international | €15–70 | Fixed fee; varies by plan · Foreign-currency transfer: €15 with charges paid by the recipient, €25 otherwise, €70 from €50,000 |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | €5 | Fixed fee · Per exchange, at the bank's rate |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Monthly card fee | €5 | Fixed fee |
| Card FX | 3% | Percentage of the amount |
| ATM withdrawal | 2% + €4 | Percentage plus a fixed fee · At other banks' ATMs; €2 at BluOr ATMs |
Onboarding
From application to live account.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is BluOr Bank a bank?
Yes. BluOr Bank AS is a licensed bank in Latvia, supervised by Latvijas Banka. Eligible deposits are covered up to €100,000.
How much does a BluOr Bank corporate account cost?
Reviewing the documents and opening the account costs €50, and the account costs €5 a month. Instant and urgent SEPA payments cost €0.40. Foreign-currency transfers cost €15 to €70. Higher fees apply to some business profiles.
Can a foreign company open an account remotely?
Companies from Latvia, the EU, the EEA, Switzerland and the UK can apply and open the account remotely. Companies from other countries apply in person at the client service centre in Riga.
How long does it take to open an account?
BluOr says the first review of documents may take more than 10 business days, depending on the scope, complexity and geography of the business. A faster review within 5 business days costs €200.
Alternatives
How BluOr Bank compares.
If BluOr Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 BluOr BankThis pageBank |  | Remote openingNon-residents accepted |
 ConnectPayE-money institution |  | 80+ currenciesOnline businesses |
 BilderlingsE-money institution |   | Direct IBANHigh-risk industries |
 PayseraE-money institution |  | Low fees16 support languages |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.