An account presents greater opportunities for everyday convenience – transfers, deposits and withdrawals, payment card servicing, financing, and other banking essentials
Open an account at Magnetiq Bank Client Service Centre
An escrow account helps companies and individuals to plan sale and purchase transactions securely with a variety of movable and real properties. The buyer, seller and Magnetiq Bank conclude a tripartite agreement stipulating the term of the transaction
Basic account
Magnetiq Bank provides private individuals that are EU residents, and individuals that have the right to reside in Latvia in accordance with applicable RL legislation (including persons without residence permits who may not be deported from Latvia in accordance with the applicable legislation of the Republic of Latvia) to open and use a basic payment account – the basic account
Denominated in euros, the basic account enables the following services:
Payments
Currency transactions
Our Internet bank enables financial operations and quick access to your cash flow information at any time of day
Authentication tools
Digital code calculator – DIGIPASS DP 310 Digital code calculator –DIGIPASS DP550 SMS Magnetiq Bank mobile appMagnetiq Bank
mobile app
Mobile app makes working with Magnetiq Bank and using services much more secure, convenient, fast and simple.
The mobile app enables 24/7 transactions in the Internet bank from anywhere in the world.
The mobile app is available for iOS and Android smartphones, and clients can easily download the mobile app for free from the App Store and Google Play. Magnetiq Bank app does not work on decoded smartphone devices.
Magnetiq Bank app is intended for:
Instruction:
Application procedure
No other services have to be connected as a prerequisite for opening or accessing a basic account.
A client wishing to open a basic account and receive other available services should submit a signed application to the Magnetiq Bank Client Service Centre (representing that the client has no open payment account or basic account with another bank that provides its payment services in Latvia) and other documents required under the General Terms of Service of the Bank.
The Bank will consider a basic account application and attached documents within 10 business days. Opening of a basic account may be denied, and the Bank is entitled to terminate the Agreement of receiving the Bank’s services in the cases specified in the Payment Services and Electronic Money Law.
