FEES & CHARGES

Please click on the appropriate box to make selection!

1. Client:
Private individual
Corporate entity / individual entrepreneur
2. Card issued to resident of:
Latvia
Other country
3. Media:
Plastic
Virtual


FEES & CHARGES for private individuals. MasterCard reloadable cards issued in Latvia to residents of Latvia.
Valid from 5 May 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 20.00 20.00
Card annual fee 2 20.00 20.00
Cash disbursement fee
Swedbank ATMs in Latvia 1%, min. 1.50 1%, min. 1.50
Other ATMs 2%, min. 5.00 2%, min. 5.00
Manual cash disbursement locations 2%, min. 8.00 2%, min. 8.00
Purchase fee Free of charge 0.3%
Card and PIN delivery fee 3
Within Latvia, standard mail 2.00 2.00
Within Latvia, registered mail 5.00 5.00
Overseas, registered mail 30.00 30.00
Overseas, courier mail 4 10.00 + actual cost of courier service 10.00 + actual cost of courier service
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 5 2.00 2.00
Mailed to a Latvian address 3.00 3.00
Mailed to a foreign address 4.00 4.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 10.00 10.00
Balance inquiry fee
Within Latvia 0.60 0.60
Overseas 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 6 10.00 10.00
Closed card account maintenance fee, per month 7 5.00 5.00
Expired card account maintenance fee, per month 8 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Urgent card issuance fee 9 15.00 15.00
Invalid dispute handling fee 15.00 15.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 15.00 15.00
Express overdraft (authorization bonus) issuance fee 15.00 15.00
Currency conversion mark-up fee (charged for card transactions only) 10 3% of the amount 3% of the amount
Standard card account spending & usage limits Limit
Cash withdrawal limit (applies separately to each card issued to a card account) 500 EUR per day or an equivalent in card account currency
Transaction limit (for clients identified by live contact)
for each card attached to the account 5,000 EUR per month or equivalent in card account currency
for each account 10,000 EUR per month or equivalent in card account currency
Transaction limit (for clients identified remotely)
for each card attached to the account 1,500 EUR per month or equivalent in card account currency
for each account 1,500 EUR per month or equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The Issuer mails the card separately from the PIN. The delivery of both the card and the PIN is charged as one flat fee depending on the selected mail type and service.
4 - The Issuer charges the listed fee in addition to the actual cost of the courier mail service, which is also payable by the customer. The actual cost of the courier mail delivery service may vary depending on the territory where the customer has requested the card and PIN to be delivered. The Issuer reserves the right to choose a courier service provider, as well as the media that the Issuer uses to 1) communicate the actual cost of the courier delivery service to the customer and 2) agree on the means of payment of the service fee.
5 - Private individual cardholders (excluding individual entrepreneurs) without access to internet and the Internet Office are entitled to a free-of-charge monthly card account statement that may be issued once a month upon the cardholder’s request and must be collected at the Issuer’s premises.
6 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
7 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
8 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
9 - The fee is charged as a surcharge to the card issuance fee and applies to newly issued cards, renewed and replacement cards. The card is produced and issued within 2 hours after all required documentation has been received by the Issuer. The card can be collected at the Issuer’s head office at Gustava Zemgala gatve 76 (12th floor), Riga, Latvia.
10 - The fee applies when a card transaction is made in a currency other than the card account currency.

FEES & CHARGES for private individuals. MasterCard reloadable cards issued in Latvia to non-residents of Latvia
Valid from 5 May 2017

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 35.00 35.00
Card annual fee 2 35.00 35.00
Cash disbursement fee
ATMs 2%, min. 5.00 2%, min. 5.00
Manual cash disbursement locations 2%, min. 8.00 2%, min. 8.00
Purchase fee 0.3% 0.3%
Card account replenishment fee, % of the deposited amount 3 0.5% 0.5%
Card and PIN delivery fee 4
Within Latvia, standard mail 2.00 2.00
Within Latvia, registered mail 5.00 5.00
Overseas, registered mail 30.00 30.00
Overseas, courier mail 5 10.00 + actual cost of courier service 10.00 + actual cost of courier service
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 6 3.00 3.00
Mailed to a Latvian address 4.50 4.50
Mailed to a foreign address 6.00 6.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 15.00 15.00
Mailed to a foreign address 20.00 20.00
Balance inquiry fee 1.00 1.00
Declined transaction handling fee 7 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 8 10.00 10.00
Closed card account maintenance fee, per month 9 5.00 5.00
Expired card account maintenance fee, per month 10 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Urgent card issuance fee 11 20.00 20.00
Invalid dispute handling fee 20.00 20.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 20.00 20.00
Express overdraft (authorization bonus) issuance fee 20.00 20.00
Currency conversion mark-up fee (charged for card transactions only) 12 3% of the amount 3% of the amount
Standard card account spending & usage limits Limit
Cash withdrawal limit (applies separately to each card issued to a card account) 500 EUR per day or an equivalent in card account currency
Transaction limit (for clients identified by live contact)
for each card attached to the account 5,000 EUR per month or equivalent in card account currency
for each account 10,000 EUR per month or equivalent in card account currency
Transaction limit (for clients identified remotely)
for each card attached to the account 1,500 EUR per month or equivalent in card account currency
for each account 1,500 EUR per month or equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The fee does not apply to incoming payments (reloads, deposits) made with the sole purpose of paying the Issuer’s fees, penalties, interest or any other applicable Issuer’s charges, provided that the payment originator has clearly indicated the corresponding purpose of their payment (reload, deposit) and the amount of such payment or a part thereof, which is to be used for paying the aforementioned charges, is sufficient and may be withheld from the total amount of a single payment (reload or deposit).
4 - The Issuer mails the card separately from the PIN. The delivery of both the card and the PIN is charged as one flat fee depending on the selected mail type and service.
5 - The Issuer charges the listed fee in addition to the actual cost of the courier mail service, which is also payable by the customer. The actual cost of the courier mail delivery service may vary depending on the territory where the customer has requested the card and PIN to be delivered. The Issuer reserves the right to choose a courier service provider, as well as the media that the Issuer uses to 1) communicate the actual cost of the courier delivery service to the customer and 2) agree on the means of payment of the service fee.
6 - Private individual cardholders that are residents of EU member states (excluding individual entrepreneurs) without access to internet and the Internet Office are entitled to a free-of-charge monthly card account statement that may be issued once a month upon the cardholder’s request and must be collected at the Issuer’s premises.
7 - The fee is charged for handling of card transactions that have been declined by the Issuer pursuant to SIA Transact Pro Card usage Terms and Conditions, including, but not limited to, transactions that have been declined due to insufficient funds available on a card account at the time of the attempted transaction.
8 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
9 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
10 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
11 - The fee is charged as a surcharge to the card issuance fee and applies to newly issued cards, renewed and replacement cards. The card is produced and issued within 2 hours after all required documentation has been received by the Issuer. The card can be collected at the Issuer’s head office at Gustava Zemgala gatve 76 (12th floor), Riga, Latvia.
12 - The fee applies when a card transaction is made in a currency other than the card account currency.

FEES & CHARGES for private individuals. MasterCard reloadable virtual cards issued in Latvia to residents of Latvia.
Valid from 5 May 2017

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 15.00 15.00
Card annual fee 2 15.00 15.00
Purchase fee 0.3% 0.3%
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 3 2.00 2.00
Mailed to a Latvian address 3.00 3.00
Mailed to a foreign address 4.00 4.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 10.00 10.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 4 10.00 10.00
Closed card account maintenance fee, per month 5 5.00 5.00
Expired card account maintenance fee, per month 6 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Invalid dispute handling fee 15.00 15.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 15.00 15.00
Express overdraft (authorization bonus) issuance fee 15.00 15.00
Currency conversion mark-up fee (charged for card transactions only) 7 3% of the amount 3% of the amount
Standard card account spending & usage limits Limit
Transaction limit (for clients identified by live contact)
for each card attached to the account 5,000 EUR per month or equivalent in card account currency
for each account 10,000 EUR per month or equivalent in card account currency
Transaction limit (for clients identified remotely)
for each card attached to the account 1,500 EUR per month or equivalent in card account currency
for each account 1,500 EUR per month or equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - Private individual cardholders (excluding individual entrepreneurs) without access to internet and the Internet Office are entitled to a free-of-charge monthly card account statement that may be issued once a month upon the cardholder’s request and must be collected at the Issuer’s premises.
4 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
5 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
6 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
7 - The fee applies when a card transaction is made in a currency other than the card account currency.

FEES & CHARGES for private individuals. MasterCard reloadable virtual cards issued in Latvia to non-residents of Latvia.
Valid from 5 May 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 20.00 20.00
Card annual fee 2 20.00 20.00
Purchase fee 0.3% 0.3%
Card account replenishment fee, % of the deposited amount 3 0.5% 0.5%
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 4 3.00 3.00
Mailed to a Latvian address 4.50 4.50
Mailed to a foreign address 6.00 6.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 15.00 15.00
Mailed to a foreign address 20.00 20.00
Declined transaction handling fee 5 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 6 10.00 10.00
Closed card account maintenance fee, per month 7 5.00 5.00
Expired card account maintenance fee, per month 8 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Invalid dispute handling fee 20.00 20.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 20.00 20.00
Express overdraft (authorization bonus) issuance fee 20.00 20.00
Currency conversion mark-up fee (charged for card transactions only) 9 3% of the amount 3% of the amount
Standard card account spending & usage limits Limit
Transaction limit (for clients identified by live contact)
for each card attached to the account 5,000 EUR per month or equivalent in card account currency
for each account 10,000 EUR per month or equivalent in card account currency
Transaction limit (for clients identified remotely)
for each card attached to the account 1,500 EUR per month or equivalent in card account currency
for each account 1,500 EUR per month or equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The fee does not apply to incoming payments (reloads, deposits) made with the sole purpose of paying the Issuer’s fees, penalties, interest or any other applicable Issuer’s charges, provided that the payment originator has clearly indicated the corresponding purpose of their payment (reload, deposit) and the amount of such payment or a part thereof, which is to be used for paying the aforementioned charges, is sufficient and may be withheld from the total amount of a single payment (reload or deposit).
4 - Private individual cardholders that are residents of EU member states (excluding individual entrepreneurs) without access to internet and the Internet Office are entitled to a free-of-charge monthly card account statement that may be issued once a month upon the cardholder’s request and must be collected at the Issuer’s premises.
5 - The fee is charged for handling of card transactions that have been declined by the Issuer pursuant to SIA Transact Pro Card usage Terms and Conditions, including, but not limited to, transactions that have been declined due to insufficient funds available on a card account at the time of the attempted transaction.
6 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
7 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
8 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
9 - The fee applies when a card transaction is made in a currency other than the card account currency.

FEES & CHARGES for corporate entities and individual entrepreneurs. MasterCard reloadable cards issued in Latvia to residents of Latvia.
Valid from 3 April 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 30.00 35.00
Card annual fee 2 30.00 35.00
Cash disbursement fee
Swedbank ATMs in Latvia 2%, min. 3.00 2%, min. 3.00
Other ATMs 2%, min. 5.00 2%, min. 5.00
Manual cash disbursement locations 2%, min. 8.00 2%, min. 8.00
Purchase fee Free of charge 0.3%
Card and PIN delivery fee (including VAT) 3
Within Latvia, standard mail 4.00 4.00
Within Latvia, registered mail 6.00 6.00
Overseas, registered mail 30.00 30.00
Overseas, courier mail 4 10.00 + actual cost of courier service 10.00 + actual cost of courier service
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 2.00 2.00
Mailed to a Latvian address 3.00 3.00
Mailed to a foreign address 4.00 4.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 10.00 10.00
Balance inquiry fee
Within Latvia 0.60 0.60
Overseas 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 5 10.00 10.00
Closed card account maintenance fee, per month 6 5.00 5.00
Expired card account maintenance fee, per month 7 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Urgent card issuance fee 8 20.00 20.00
Invalid dispute handling fee 20.00 20.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 20.00 20.00
Express overdraft (authorization bonus) issuance fee 20.00 20.00
Currency conversion mark-up fee (charged for card transactions only) 9 3% of the amount 3% of the amount
Standard card account spending & usage limits 10 Limit
Limits for clients identified by live contact
Cash withdrawal limit (applies separately to each card issued to a card account)
Per Day 2,000 EUR or an equivalent in card account currency
Per Month 10,000 EUR or an equivalent in card account currency
Transaction limit
for each card attached to the account 10,000 EUR per month or an equivalent in card account currency
for each account 150,000 EUR per month or an equivalent in card account currency
Limits for clients identified remotely
Cash withdrawal limit (applies separately to each card issued to a card account) 1,000 EUR per day or an equivalent in card account currency
Transaction limit
for each card attached to the account 1,500 EUR per month or an equivalent in card account currency
for each account 1,500 EUR per month or an equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The Issuer mails the card separately from the PIN. The delivery of both the card and the PIN is charged as one flat fee depending on the selected mail type and service.
4 - The Issuer charges the listed fee in addition to the actual cost of the courier mail service, which is also payable by the customer. The actual cost of the courier mail delivery service may vary depending on the territory where the customer has requested the card and PIN to be delivered. The Issuer reserves the right to choose a courier service provider, as well as the media that the Issuer uses to 1) communicate the actual cost of the courier delivery service to the customer and 2) agree on the means of payment of the service fee.
5 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
6 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
7 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
8 - The fee is charged as a surcharge to the card issuance fee and applies to newly issued cards, renewed and replacement cards. The card is produced and issued within 2 hours after all required documentation has been received by the Issuer. The card can be collected at the Issuer’s head office at Gustava Zemgala gatve 76 (12th floor), Riga, Latvia.
9 - The fee applies when a card transaction is made in a currency other than the card account currency.
10 - The limits that are stated in this section apply only to transactions made by payment cards that issued to corporate entities. For transactions made by payment cards that are issued to individual entrepreneurs apply the limits of private individuals.

FEES & CHARGES for corporate entities and individual entrepreneurs. MasterCard reloadable cards issued in Latvia to non-residents of Latvia.
Valid from 3 April 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 35.00 35.00
Card annual fee 2 35.00 35.00
Cash disbursement fee
ATMs 2%, min. 5.00 2%, min. 5.00
Manual cash disbursement locations 2%, min. 8.00 2%, min. 8.00
Purchase fee 0.3% 0.3%
Card account replenishment fee, % of the deposited amount 3 0.5% 0.5%
Card and PIN delivery fee (including VAT) 4
Within Latvia, standard mail 4.00 4.00
Within Latvia, registered mail 6.00 6.00
Overseas, registered mail 30.00 30.00
Overseas, courier mail 5 10.00 + actual cost of courier service 10.00 + actual cost of courier service
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 3.00 3.00
Mailed to a Latvian address 4.50 4.50
Mailed to a foreign address 6.00 6.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 15.00 15.00
Mailed to a foreign address 20.00 20.00
Balance inquiry fee 1.00 1.00
Declined transaction handling fee 6 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 7 10.00 10.00
Closed card account maintenance fee, per month 8 5.00 5.00
Expired card account maintenance fee, per month 9 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro 2.00 2.50
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Urgent card issuance fee 10 20.00 20.00
Invalid dispute handling fee 20.00 20.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 20.00 20.00
Express overdraft (authorization bonus) issuance fee 20.00 20.00
Currency conversion mark-up fee (charged for card transactions only) 11 3% of the amount 3% of the amount
Standard card account spending & usage limits 12 Limit
Limits for clients identified by live contact
Cash withdrawal limit (applies separately to each card issued to a card account)
Per Day 2,000 EUR or an equivalent in card account currency
Per Month 10,000 EUR or an equivalent in card account currency
Transaction limit
for each card attached to the account 10,000 EUR per month or an equivalent in card account currency
for each account 150,000 EUR per month or an equivalent in card account currency
Limits for clients identified remotely
Cash withdrawal limit (applies separately to each card issued to a card account) 1,000 EUR per day or an equivalent in card account currency
Transaction limit
for each card attached to the account 1,500 EUR per month or an equivalent in card account currency
for each account 1,500 EUR per month or an equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The fee does not apply to incoming payments (reloads, deposits) made with the sole purpose of paying the Issuer’s fees, penalties, interest or any other applicable Issuer’s charges, provided that the payment originator has clearly indicated the corresponding purpose of their payment (reload, deposit) and the amount of such payment or a part thereof, which is to be used for paying the aforementioned charges, is sufficient and may be withheld from the total amount of a single payment (reload or deposit).
4 - The Issuer mails the card separately from the PIN. The delivery of both the card and the PIN is charged as one flat fee depending on the selected mail type and service.
5 - The Issuer charges the listed fee in addition to the actual cost of the courier mail service, which is also payable by the customer. The actual cost of the courier mail delivery service may vary depending on the territory where the customer has requested the card and PIN to be delivered. The Issuer reserves the right to choose a courier service provider, as well as the media that the Issuer uses to 1) communicate the actual cost of the courier delivery service to the customer and 2) agree on the means of payment of the service fee.
6 - The fee is charged for handling of card transactions that have been declined by the Issuer pursuant to SIA Transact Pro Card usage Terms and Conditions, including, but not limited to, transactions that have been declined due to insufficient funds available on a card account at the time of the attempted transaction.
7 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
8 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
9 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
10 - The fee is charged as a surcharge to the card issuance fee and applies to newly issued cards, renewed and replacement cards. The card is produced and issued within 2 hours after all required documentation has been received by the Issuer. The card can be collected at the Issuer’s head office at Gustava Zemgala gatve 76 (12th floor), Riga, Latvia.
11 - The fee applies when a card transaction is made in a currency other than the card account currency.
12 - The limits that are stated in this section apply only to transactions made by payment cards that issued to corporate entities. For transactions made by payment cards that are issued to individual entrepreneurs apply the limits of private individuals.

FEES & CHARGES for corporate entities and individual entrepreneurs. MasterCard reloadable virtual cards issued in Latvia to residents of Latvia.
Valid from 3 April 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 15.00 15.00
Card annual fee 2 15.00 15.00
Purchase fee 0.3% 0.3%
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 2.00 2.00
Mailed to a Latvian address 3.00 3.00
Mailed to a foreign address 4.00 4.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 10.00 10.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 3 10.00 10.00
Closed card account maintenance fee, per month 4 5.00 5.00
Expired card account maintenance fee, per month 5 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro Free of charge Free of charge
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Invalid dispute handling fee 15.00 15.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 15.00 15.00
Express overdraft (authorization bonus) issuance fee 15.00 15.00
Currency conversion mark-up fee (charged for card transactions only) 6 3% of the amount 3% of the amount
Standard card account spending & usage limits 17 Limit
Limits for clients identified by live contact
Transaction limit
for each card attached to the account 10,000 EUR per month or an equivalent in card account currency
for each account 150,000 EUR per month or an equivalent in card account currency
Limits for clients identified remotely
Transaction limit
for each card attached to the account 1,500 EUR per month or an equivalent in card account currency
for each account 1,500 EUR per month or an equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
4 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
5 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
6 - The fee applies when a card transaction is made in a currency other than the card account currency.
7 - The limits that are stated in this section apply only to transactions made by payment cards that issued to corporate entities. For transactions made by payment cards that are issued to individual entrepreneurs apply the limits of private individuals.

FEES & CHARGES for corporate entities and individual entrepreneurs. MasterCard reloadable virtual cards issued in Latvia to non-residents of Latvia.
Valid from 3 April 2017.

Tariff Service fee
Card account currency Euro US dollars
Card issuance fee 1 20.00 20.00
Card annual fee 2 20.00 20.00
Purchase fee 0.3% 0.3%
Card account replenishment fee, % of the deposited amount 3 0.5% 0.5%
Card account statement fee
For each billing cycle (month)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 3.00 3.00
Mailed to a Latvian address 4.50 4.50
Mailed to a foreign address 6.00 6.00
For the entire period of usage (not to exceed 1 year)
At the Internet Office Free of charge Free of charge
At the Issuer’s premises 15.00 15.00
Mailed to a foreign address 20.00 20.00
Declined transaction handling fee 4 1.00 1.00
Over-the-limit interest rate, APR % 45% 45%
Late payment fee 5 10.00 10.00
Closed card account maintenance fee, per month 6 5.00 5.00
Expired card account maintenance fee, per month 7 5.00 5.00
Balance transfer fee, when transferred to a Customer's account within
Transact Pro 2.00 2.50
Latvian credit institution or payment institution 1%, min. 3.00 1%, min. 25.00
Invalid dispute handling fee 20.00 20.00
Transaction documentation retrieval fee 15.00 15.00
Non-standard spending/usage limit set-up fee for card or account 20.00 20.00
Express overdraft (authorization bonus) issuance fee 20.00 20.00
Currency conversion mark-up fee (charged for card transactions only) 8 3% of the amount 3% of the amount
Standard card account spending & usage limits 9 Limit
Limits for clients identified by live contact
Transaction limit
for each card attached to the account 10,000 EUR per month or an equivalent in card account currency
for each account 150,000 EUR per month or an equivalent in card account currency
Limits for clients identified remotely
Transaction limit
for each card attached to the account 1,500 EUR per month or an equivalent in card account currency
for each account 1,500 EUR per month or an equivalent in card account currency


1 - The fee is charged for the issuance of each new card and/or replacement card.
2 - The annual fee is charged each year, in the same calendar month when the card was originally issued and after 1 year following the issuance of the card.
3 - The fee does not apply to incoming payments (reloads, deposits) made with the sole purpose of paying the Issuer’s fees, penalties, interest or any other applicable Issuer’s charges, provided that the payment originator has clearly indicated the corresponding purpose of their payment (reload, deposit) and the amount of such payment or a part thereof, which is to be used for paying the aforementioned charges, is sufficient and may be withheld from the total amount of a single payment (reload or deposit).
4 - The fee is charged for handling of card transactions that have been declined by the Issuer pursuant to SIA Transact Pro Card usage Terms and Conditions, including, but not limited to, transactions that have been declined due to insufficient funds available on a card account at the time of the attempted transaction.
5 - Late payment fee applies and is charged when an amount, for which a card account has been overdrawn (whether with or without the Issuer’s authorization), is not repaid to and received by the Issuer on or before the last day of the current billing cycle (month). Late payment fee also applies when a minimum amount, required to pay back a line of credit, has not been received by the Issuer on or before the last day of the grace period, if any, as specified in the cardholder agreement or otherwise agreed between the customer and the Issuer.
6 - The fee starts to apply and is first charged after 1 month following the date when a customer submitted a written request to close the last card attached to the customer’s card account if the account is not used for other services. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance.
7 - The fee starts to apply and is first charged 1 year after the card has expired. Thereafter the fee recurs and is charged once a month until the card account reaches a nil balance if the account is not used for other services.
8 - The fee applies when a card transaction is made in a currency other than the card account currency.
9 - The limits that are stated in this section apply only to transactions made by payment cards that issued to corporate entities. For transactions made by payment cards that are issued to individual entrepreneurs apply the limits of private individuals.