MAGNETIQ BANK

Opening an account with MAGNETIQ BANK (Latvia)

Cost for the private persons from 500

Cost for the legal entities from 800

Opening Term: 3 weeks

Remotely: yes

Magnetiq Bank (LPB Bank) has been successfully operating in the Latvian financial market since 2008. Currently, Magnetiq Bank is one of the most developing financial institutions in Latvia. Now 100% of Magnetiq Bank shares are owned by Signet Bank (Latvia).

Magnetiq Bank will become your reliable partner in the field of e-commerce and will offer unique solutions for the convenience of payment by your customers. Having an account with Magnetiq Bank allows you to accept payments on your online store using Visa, Mastercard and Apple Pay.

Account opening term with Magnetiq Bank from the moment of receipt of the original customer documents in Riga is 4-5 weeks, express account opening is possible by agreement of the parties.

Magnetiq Bank adheres to the principle of ‘know your customer’ and in each case reserves the right to request additional documents, which will lead to an increase in the time for opening an account, and may also refuse to open an account without giving any reason.

For more information on opening an account with Magnetiq Bank and a merchant account for an online store, please contact Maira Consult.

MAGNETIQ BANK advantages

1

Remote opening

2

Multicurrency account

3

E-commerce

4

Merchant account

General Information

Types of accounts

Personal and corporate accounts. Merchant accounts.

Personal visit

The visit is required by agreement with the bank.

Service rates

Account opening fee: For individuals - 300 EUR. For legal entaties - 350 EUR.

Useful information

www.magnetiqbank.com

Stages of account opening

01

Preparation of documents

You fill out our questionnaire and provide us with information about your activities and counterparties. Along with the application form, you must provide corporate documents (for a legal entity) and personal identification documents (for an individual).

02

Analysis of documents

Our specialists analyze the information and documents provided and fill out Magnetiq bank forms.

03

Submission of documents

We send the completed package of documents for opening an account to Magnetiq Bank for review.

04

Passing verification

The director and beneficiary (for a legal entity) or an individual are verified at the bank's branch in Latvia, or upon agreement with the bank, at the bank's representative office in Kyiv, and sign bank forms.

05

Compliance Check

At this stage, Magnetiq Bank verifies the client and may request additional information about the activity and source of funds.

06

Account opening

After opening the account with Magnetiq Bank manager sends the details and the banking service agreement for the client to sign.

Answers to the Most Common Questions:

To open an account in a foreign bank or payment system, please contact the specialists of Maira Consult, who have many years of experience working with foreign banks and payment systems.
The standard term for opening an account in a foreign bank is 2-4 weeks, if all the necessary documents were provided to the bank and identification was completed. Opening an account in the payment system can be done in 2 weeks.
Please contact Maira Consult for a free consultation, to learn more about the requirements of opening an account in a foreign bank or payment system.

Our Contacts

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Messengers

Social Networks

Maira Consult logo