Dear Clients, Due to technical updates, on November 22, 2024, from 9:00 to 9:30 (Riga time), the Bank will process instant payments (SEPA Instant) as regular SEPA payments. During this time, the bank may decline incoming instant payments to your account and return them to the sender. We appreciate your understanding and apologize for any […]

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Please be informed that Magnetiq Bank will be closed on November 18th in observance of the Proclamation Day of the Republic of Latvia. A reminder that visits to the Bank are by appointment only. Wishing you a joyful holiday! Best regards, Magnetiq Bank team

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We are pleased to announce that Magnetiq Bank has once again achieved compliance with the Payment Card Industry Data Security Standard (PCI DSS). This significant milestone demonstrates our unwavering commitment to maintaining the highest data security standards in the financial sector. What is the PCI DSS Certification The PCI DSS is a global security standard […]

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Effective November 6, 2024, we inform you that changes to the price “TERM DEPOSITS” for corporate and individual clients (domestic, EEA, and international) will take effect. Currency Minimum deposit amount 1 month 3 months 6 months 9 months 1 year 2 years EUR 5 000(via Internet bank)20 000(at the branch) 2,15% 2,15% 2,35% 2,50% 2.75% 2,00% Currency […]

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The Magnetiq Bank app is designed to make managing your finances more convenient, faster, and secure. With the new push notification feature, you will always be informed about important events in your account. In the Magnetiq Bank app, you can: Please note: The Magnetiq Bank app will not work on unlocked or modified devices. Download […]

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Effective October 23, 2024, we inform you that changes to the price list for “CURRENT ACCOUNT” for corporate and individual clients (domestic, EEA, and international) will come into effect. From this date, SMS notifications for current account transactions will be available free of charge. Additionally, as of October 28, 2024, changes to the price list […]

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Magnetiq Bank has joined the Fintech Hub LT association, becoming the first Latvian bank to partner with this organization. Joining Fintech Hub LT marks a significant step in Magnetiq Bank expansion, affirming its commitment to working with Fintech companies and startups across the Baltics and the European Economic Area (EEA). This partnership will not only […]

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Introduction: the changing regulatory landscape The FinTech industry is evolving, and regulatory requirements are becoming more stringent. As of April 2025, the European Central Bank (ECB) will no longer allow Electronic Money Institutions (EMIs) and Payment Institutions (PIs) to safeguard their clients’ funds with National Central Banks. This shift means that all non-bank Payment Service

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Please be informed that from September 26th, 2024, changes in the Price list “TERM DEPOSITS” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000(via Internet bank)20 000(at the branch) 2,25% […]

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On September 11, 2024, during a visit to Latvia organized by Latvijas Banka, experts from the Single Supervisory Mechanism (SSM) met with Magnetiq Bank. During the meeting, the experts discussed current FinTech sector trends and various aspects of banking regulation and exchanged insights on experiences from different countries. The event was opened by Roberts Idelsons, […]

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AS Magnetiq Bank, the Latvian bank dedicated to meeting the unique needs of FinTechs, startups, and e-commerce service providers, has achieved a significant milestone by becoming one of the early adopters across Europe to offer Visa B2B Connect. Visa B2B Connect is an innovative, multilateral network that builds on Visa’s reputation and expertise. It provides […]

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The FinTech Latvia Association (FLA) has signed a cooperation agreement with AS Magnetiq Bank. The bank focuses on serving FinTech companies by offering banking infrastructure for business development. This is the first such agreement that an organization representing the FinTech sector has concluded with a Latvian commercial bank. Joining FLA is a significant step in […]

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Please be informed that from October 14th, 2024, changes in the Price list for legal entities will come into force: Time Currency OUR SHA Standard (D+1) 18.00 EUR 0.4% of the payment amount, min EUR 90 0.3% of the payment amount, min EUR 80 Urgent (D) 17.00 EUR 0.5% of the payment amount, min EUR 100 […]

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Please be informed that from August 12th, 2024, changes in the Price list “TERM DEPOSITS” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000(via Internet bank)20 000(at the branch) 2,25% […]

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Starting July 1, 2024, we will be making some changes to our term deposit procedures. We will no longer accept new term deposits in person at 54 Brivibas Str.However, we want to assure you that if your deposit amount exceeds 20 000 EUR, we will gladly continue to accept it, ensuring that you can continue […]

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Please be informed that from June 14th, 2024, changes in the Price list “TERM DEPOSITS” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 2,25% 2,50% 3,00% 3,15% […]

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We want to inform you about working hours during the Midsummer holidays: Please note that Magnetiq Bank operates on an appointment-only basis. We kindly remind you to schedule an appointment before visiting the bank to ensure dedicated assistance and a seamless banking experience.  We wish you a joyful festival! Best regards, Magnetiq Bank team

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After receiving approval from Latvijas Banka, new board members Sandra Rituma, Edgars Valmers, and Maksims Leščinskis started serving on the AS Magnetiq Bank board. Sandra Rituma will oversee the fields of anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT), sanctions risk management, operational compliance, and e-commerce risks. S. Rituma is an experienced [

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Please be informed that from July 31st, 2024, changes in the Price list “Payments” for Private Individuals (domestic) will come into force: We invite you to get acquainted with the Price list here. Magnetiq Bank

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The Latvian Blockchain Association (LBAA) has signed a cooperation agreement with AS Magnetiq Bank, which has become the organization’s official partner in the banking sector. This is the first agreement of its kind that a blockchain industry representative organization has made with a Latvian commercial bank. As a result of this collaboration, Latvian crypto-asset and […]

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Magnetiq Bank is expanding its service range with the innovative digital payment solution Google Pay to simplify payment acceptance for its e-commerce clients and ensure secure and convenient client service. Google Pay offers businesses fast and efficient digital payment acceptance, detailed sales statistics, and digital tools for account management. By integrating this solution, payments are

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As of April 29, 2024, Baiba Preise will no longer serve as the Director of Risk and board member at Magnetiq Bank.Magnetiq Bank team extends its heartfelt gratitude to Baiba Preise for her significant contribution to the bank’s development and stabilization in risk management. We wish Baiba success and fulfilment in her future professional journey […]

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Today, April 19, AS LPB Bank officially changes its legal name to AS Magnetiq Bank, while also introducing a new brand visual identity. The renaming and rebranding of the bank are based on an acquisition deal concluded at the end of 2023, in which Latvia’s leading investment bank, Signet Bank AS, became the sole shareholder […]

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We want to inform you that due to changes in the development strategy of the Bank, starting from June 1, 2024, there will be changes to our range of services. The Bank will discontinue the provision of cash transaction services. In addition, changes in the price list for “Cash Transactions” for both legal entities and […]

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We inform you that on March 21, 2024, a new version of Magnetiq Bank General Terms of Service (hereinafter – GTS) was approved, which will enter into force on June 1, 2024. In the new version of the GTS: We invite you to get acquainted with the changes here. You can find the new GTS version here.

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In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical for governments worldwide. Recognizing this, the European Union took a significant step on 18 February 2020, when the Council adopted a legislative package to tighten the […]

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By the Consumer Rights Protection Law amendments, mortgage borrowers who meet the criteria specified by the law will receive compensation for the mortgage interest payments made in 2024. The State Revenue Service will disburse the compensation for the first quarter of 2024 until April 30, 2024. The Bank will inform the mortgage borrowers about the […]

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We hereby inform you that the Report on commission fees related to the Current Account for the period 01.01.2023 – 31.12.2023 has been prepared for Clients (Private Individuals). The Report can be viewed in the Internet bank (Profile – Profile settings – Report of withheld fees). The information is only prepared for those accounts where […]

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After receiving approval from the Bank of Latvia and the European Central Bank, as well as the consent of the Competition Council, the transaction was completed on December 11, 2023, in which the previous sole shareholder of JSC “LPB Bank”, “Mono” Ltd, sold all its shares to the local investment bank JSC “Signet Bank”. As […]

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Please be informed that from September 29th, 2023, changes in the Price list “LOANS” for Private Individuals will come into force: ***Except for the documentation/transactions that are coordinated according to the requirements specified in the Special conditions of the contract We invite you to get acquainted with the Price list here.

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Please be informed that from October 2nd, 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 2,50% 2,75% 3,25% 3,35% […]

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Please be informed that from August 11th of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 2,25% 2,50% 3,00% […]

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Please be informed that from June 22nd of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 1,85% 2,25% 2,75% […]

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Please be informed that from June 5th of 2023, changes in the Price list “LOANS” for private individuals (Domestic) will come into force: Description Existing Bank clients New Bank clients Consideration of application Free of charge Free of charge We invite you to get acquainted with the Price list here.

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Please be informed that from May 29th of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 1,50% 2,10% 2,50% […]

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Please be informed that from May 15th of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1 Y 2 Y 3 Y 5 Y EUR 5 000 1,30% 1,55% 2,00% […]

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Please be informed that from May 1st of 2023, changes in the Price list “CASH OPERATIONS” for legal entities (Domestic, EEA, Foreign) will come into force: 1. Cash withdrawal1 1.1. EUR2 0,5% of the amount, min. 10 EUR   1.2. Additional fee for cash withdrawal without a previous reservation  0,5% of the amount paid EUR within […]

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Please be informed that from March 27th of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 1 m 3 m 6 m 9 m 1Y 2Y 3Y 5Y EUR 5 000 1,20% 1,40% 1,75% 2,00% 2,50% 2,75% 2,50% […]

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Please be informed that from March 1st of 2023, changes in the Price list “BROKERAGE SERVICES” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: 1. Stocks1(Classic Brokerage 4) Market Brokerage services2 DVP/RVP 3 Safekeeping (monthly) 6 1.1. EEA countries 0.3%min 30 EUR 30 EUR 0.025% 1.2. Baltic markets(NASDAQ OMX Baltic) 0.5%min 30 EUR 3

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Please be informed that from January 16th of 2023, changes in the Price list “TERM DEPOSIT” for legal entities and private individuals (Domestic, EEA, Foreign) will come into force: Currency Minimum deposit amount 6 m 9 m 1Y 2Y 3Y 5Y EUR 5 000 0,80% 1,00% 2,00% 2,20% 2,40% 2,50% Currency Minimum deposit amount 6m […]

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We inform you that on December 15, 2022, a new version of General Terms of Service (hereinafter – GTS) was approved, which will enter into force on March 15, 2023. In the new version of the GTS: We invite you to get acquainted with the changes here. You can find the new GTS version here.

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