Overview
Rietumu Bank, at a glance.
Rietumu Bank is a bank headquartered in Latvia, regulated by Latvijas Banka. Pricing is agreed with each client. Opening an account takes 3–5 days.
Rietumu Banka AS is a licensed bank in Latvia. Eligible deposits are covered up to €100,000 by the Latvian deposit guarantee scheme.
Why businesses pick Rietumu Bank
- A licensed EU bank with a Latvian IBAN
- Accounts in euro and other major currencies, with currency exchange and cross-conversion
- Escrow, trade finance, lending and e-commerce card acquiring from the same bank
- Business cards for owners, managers and staff
- A personal manager for corporate clients
- Deposits covered up to €100,000
Watch out for
- Fees, accepted countries and company types are not published
- Accounts are opened by contacting the bank, with signing in person or by qualified e-signature
- Some payment routes exclude Russia and Belarus
- Payments have a minimum amount of €200 or equivalent
- Fees can be set individually according to the client's risk and activity
Business fit
Will Rietumu 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 Rietumu Bank's published rules
Needs review
Rietumu Bank works with Corporate businesses, but does not publish the countries it accepts companies from.
Rietumu 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 Rietumu Bank publishes about the businesses it takes on.
Who Rietumu Bank serves
- Import and export
- E-commerce
- Startups and SMEs
- Holding companies
All 6 industries on Rietumu Bank's accepted list
- Corporate businesses
- Baltic and EU companies
- Affluent entrepreneurs
- E-commerce and online merchants
- Trade and international businesses
- Businesses needing FX, escrow, cards or trade finance
Not supported
Industries and countries Rietumu Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Rietumu Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR and other major currencies
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Legal entities
Pricing
What does Rietumu 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
Not published
Monthly fee
Not published
Corporate account
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 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 Rietumu a bank?
Yes. Rietumu Banka AS is a licensed bank in Latvia, supervised by Latvijas Banka, licence 06.01.04.018/245. Eligible deposits are covered up to €100,000.
How much does a Rietumu corporate account cost?
Rietumu does not publish a corporate account price on its public pages, and fees can be set individually according to the client's risk and activity.
Which companies does Rietumu work with?
Its main corporate markets are the Baltic States and other EU countries, and it also serves international companies trading across borders. Applications are reviewed case by case.
How do I open a Rietumu corporate account?
Contact the business team (business@rietumu.lv) or visit the Riga head office, send the company's documents and owner details, and sign the account forms in person or with a qualified e-signature.
Alternatives
How Rietumu Bank compares.
If Rietumu Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Rietumu BankThis pageBank |  | Corporate bankingTrade finance |
 BluOr BankBank | | Remote openingNon-residents accepted |
 Signet BankBank | | Corporate bankingInvestment banking |
 Magnetiq BankBank | | Fintech bankingCrypto-friendly |
 European Merchant BankBank |  | Fintech bankingNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.