Price list changes for business customers starting October 1, 2021 | Luminor
Price list changes for business customers starting October 1, 2021
Please be informed that from the 1st of October 2021, the amended Luminor Pricelist will come in effect.
The changes in our current pricelist are being made in order to clarify the terms and prices, to ensure better pricelist structure, as well as to unify the prices of services and products in the Baltic States.
The terminology of price list has been updated according to Glossary of Terms.
Accounts
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Account management Statements of account |
€5 per month Issuing of account statements for period indicated by a customer - at the Customer Service Center |
€5 per month (max €60) Issuing of account statements for period indicated by a customer |
Change fee price, added max possible fee price |
Other services
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Other services Bank statements |
€10 - Standard references: opened/closed accounts and their balances (1) On agreed basis, at least €15, except the information which has to be provided free of charge according to the laws of the Republic of Lithuania - Non-standard references (1) (1) Bank statements issued within 10 business days. |
Drafting of a reference upon the Customer’s request: €10 - Standard reference about opened/closed accounts and their balances (1) On agreed basis, at least €30, except the information which has to be provided free of charge according to the laws of the Republic of Lithuania - Non-standard references (1) (1) Bank statements issued within 10 business days. |
Change fee name and price |
| Other services | €10 + Courier costs Courier delivery |
New fee |
Payment cards
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Visa Business Debit Card issuance/renewal |
€8 per year Card administration fee |
€2 per month Monthly fee for card administration |
Change fee name and price |
| Payment Cards (Visa Business Debit, Visa Business) Visa Business Electron (No longer issued from 01 04 2020) Debit and credit cards issuing |
€25 Card issuing in an urgent procedure (in 2 working days) |
€30 Card issuing in an urgent procedure (in 2 working days) |
Change fee price |
| Payment Cards (Visa Business Debit, Visa Business) Visa Business Electron (No longer issued from 01 04 2020) Cash withdrawal and deposit |
0.5%, min. €1 Cash withdrawal at Luminor ATMs in Baltic countries and SEB ATMs in Lithuania |
0.5%, min. €1 Cash withdrawal at Luminor ATMs in Baltic countries and Medus ATMs in Lithuania. |
Change fee name starting from August 9th |
| Payment Cards (Visa Business Debit, Visa Business) Visa Business Electron (No longer issued from 01 04 2020) Cash withdrawal and deposit |
0.06% Cash depositing at Luminor ATMs with cash-in function |
0.06% Cash depositing at Luminor and Medus ATMs |
Change fee name starting from August 9th |
| Visa Business Card issuance/renewal (Credit card) |
€27 Card issuance fee |
€15 Credit card issuing |
Change fee name and price |
| Visa Business Card issuance/renewal (Credit card) |
€27 per year Card administration fee |
€3 per month Fee for card administration |
Change fee name and price |
| Visa Business Card issuance/renewal (Credit card) |
€27 Card replacement |
€15 Card replacement |
Change fee price |
| Visa Business Credit limit |
Free Agreement fee for a credit limit |
New fee and footnote added | |
| Visa Business Credit limit |
12% Credit limit annual interest |
New fee | |
| Other cards' related services | PIN code reminder: Free - In Internet bank €5 - at Customer Service Center or via Customer Support |
New fee |
Payments
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Incoming payments | €10 Incoming SHA payments (2) (2) SHA – the beneficiary pays fees of Luminor Bank and intermediary banks. Intermediary bank fees are deducted from the transferred amount. |
€10 Incoming SHA/BEN payments (2) (2) The fee applies to incoming payments with option SHA/BEN received via SWIFT in all currencies from outside EEA and in any other currency than Euro if a payment is received from within EEA. BEN - all fees are applied to the beneficiary. SHA – the beneficiary pays fees of Luminor Bank and intermediary banks. Intermediary bank fees are deducted from the transferred amount. |
Change fee name and footnote |
| Other payment services Cancellation, amendment and investigation of the payment |
Free In case of mistake by Luminor |
New fee | |
| Other payment services Cancellation, amendment and investigation of the payment |
€3 Cancellation request of a payment order within Luminor Lithuania €10 + extra costs (3) Cancellation or investigation request of a payment order in Euros to another bank of the Single Euro Payments Area member states (1) (1) Full list of countries can be found on the European Central Banks' webpage https://www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html. (3) Extra costs - commission, determined by correspondent bank and/or beneficiary bank apart from the Bank for payment order investigation or correction. |
€20 Euro payment to Lithuania or the Single Euro Payments Area member states (1) (1) Full list of countries can be found on the European Central Banks' webpage https://www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html. |
Change fee name and price |
| Other payment services Cancellation, amendment and investigation of the payment |
€20 + extra costs (3) Cancellation or clarification request of a payment in other currency when the beneficiary’s account is at another bank registered in Lithuania (if it is sent from the Bank). (3) Extra costs - commission, determined by correspondent bank and/or beneficiary bank apart from the Bank for payment order investigation or correction. |
€50 + extra costs (2) Payments in any currency to outside Single Euro Payments Area member states and payments in currencies other than euro to Single Euro Payments Area member states (1) - up to 6 months after receipt of payment order. (1) Full list of countries can be found on the European Central Banks' webpage https://www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html. (2) Extra costs - commission, determined by correspondent bank and/or beneficiary bank apart from the Bank for payment order investigation, cancellation or correction. |
Change fee name and price |
| Other payment services Cancellation, amendment and investigation of the payment |
€40 + extra costs (3) Cancellation or investigation request of a payment if it is sent from the Bank (2). (2) Applies to payments in Euros outside of the Single Euro Payments Area member states and payments in other currencies. (3) Extra costs - commission, determined by correspondent bank and/or beneficiary bank apart from the Bank for payment order investigation or correction. |
€100 + extra costs (2) - over 6 months after receipt of payment order. (2) Extra costs - commission, determined by correspondent bank and/or beneficiary bank apart from the Bank for payment order investigation, cancellation or correction. |
Change fee name and price |
| Other payment services Other services related to payments |
€6 for each Bank’s confirmation or SWIFT copy of payment |
€10 for each Confirmation of SWIFT or SEPA payment statement |
Change fee name and price |
| Other payment services Other services related to payments |
€3 Payment transaction printout and confirmation |
€5 Payment transaction printout and confirmation |
Change fee price |
Loans
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| All loan products | 1% of the loan amount, min. €300 (applying using e-channels and signing electronically: 1% of the amount, min. €200) Agreement fee |
1% of the loan amount, min. €150 Agreement is signed electronically and application was sent using e-channels 1% of the loan amount, min. €250 Agreement and/or application is signed physically in a paper way |
Change fee name and price |
| All loan products | 1% of the loan amount, min. €300 (applying using e-channels and signing electronically: 1% of the amount, min. €200) Agreement amendment fee |
1% of the loan amount, min. €150 Agreement is signed electronically and application was sent using e-channels 1% of the loan amount, min. €250 Agreement and/or application is signed physically in a paper way |
Change fee name and price |
| All loan products | €200 Consent to subsequent pledge of immovable property provided as collateral to the Bank in favour of other creditor in case of refinancing |
€250 Consent to subsequent pledge of immovable property provided as collateral to the Bank in favour of other creditor in case of refinancing |
Change fee price |
Leasing
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Fees for Leasing services | From 0.7% of the purchase cost, min. €150 Agreement execution fee |
1% of the purchase cost, min. €200 Agreement execution fee (1) (1) Standard fees are indicative and may vary based on agreement between the parties. |
Change price and footnote added |
| Fees for Leasing services | Left unpaid interest Termination of the financial lease agreement in case the lease term matures in up to 3 months |
0.5% from the outstanding amount on the request date, at least €150 (+ VAT, in case of Operating Lease) Termination of the financial lease agreement in case the end of the lease term is up to 3 months |
Change fee price |
| Fees for Leasing services | 0.5% on the outstanding amount as of the request date, min. €150 Fee for transfer of liabilities |
1% of the purchase cost, min. €200 Fee for transfer of liabilities |
Change fee price |
| Fees for other Leasing services | €3 + VAT per unit Resending of administrative penalties, other documents received in the name of the customer |
€10 + VAT per unit Resending of administrative penalties, other documents received in the name of the customer |
Change fee price |
| Fees for other Leasing services | €15 + VAT per unit Report about paid interest compensated by Agricultural Credit Guarantee Fund |
New fee | |
| Fees for other Leasing services | €150 + VAT Luminor Lizingas UAB/ Luminor Bank AS Lithuanian Branch acceptance for additional insurance company |
Remove from price list |
Factoring
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Factoring services | 1.5% of the factoring limit (min. €350) Contract fee |
As agreed, up to 1% of the factoring limit amount, but no less than 350 € Fee of the Factoring Agreement |
Change fee name and price |
| Factoring services | 1.5% of the factoring limit being increased / prolonged (min. €200) Factoring limit increase / Factoring maturity prolongation |
As agreed, up to 1% of the factoring limit amount, but no less than 350 € Factoring limit increase / Factoring maturity prolongation |
Change fee price |
| Factoring services | Starting from 0.1% from the invoice amount (min. €3) Invoice administration/ acceptance fee |
Starting from 0.1% from the invoice amount (min. €3) Agreement - Administration Fee |
Change fee name |
Digital channels
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Digital channels | €15 Code calculator (except Digipass 300C) issuance or replacement (1) (1) A code calculator can be unlocked three times. If the calculator is blocked for the fourth time, it can no longer be unlocked. To use the calculator again, you will need to purchase a new one for the price shown in the price list. |
€15 Code calculator Digipass 260 issuance or replacement (1) (1) A code calculator can be unlocked three times. If the calculator is blocked for the fourth time, it can no longer be unlocked. To use the calculator again, you will need to purchase a new one for the price shown in the price list. |
Change fee name |
| Digital channels | €5 Unblocking of Code calculator in a Customer Service Center |
€5 Unblocking of Code calculator in a Customer Service Center by phone |
Change fee name (adding that services is also available remotely) |
| Digital channels Bridge |
€23 Monthly administration fee |
€25 Monthly administration fee |
Change fee price |
| Digital channels Bridge |
€30 Agreement amendment fee |
€20 Agreement amendment fee |
Change fee price |
SWIFT services
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| SWIFT services Request for payment (MT101) |
€40 per account (with other banks) Service activation |
€ 50 Subscription to service (applied per account (IBAN basis) for IN/OUT MT101 services) |
Change fee name and price |
| SWIFT services Request for payment (MT101) |
According to Internet bank outgoing payment prices Execution of received MT 101 |
According to Payment price list Request for payment execution (MT101) |
Change fee name |
| SWIFT services Request for payment (MT101) |
€15 per account / month (to other banks) Receiving of MT 101 service administration fee €15 per account / month (to other banks) Sending of MT 101 service administration fee |
€15 per month Service maintenance (applied per account (IBAN basis) for IN/OUT MT101 services) |
Change fee name and price |
| SWIFT services Request for payment (MT101) |
Free Service termination |
New fee | |
| SWIFT services Request for payment (MT101) |
Free Sending request for payment MT101 |
New fee | |
| SWIFT services Account information services (MT940, MT941, MT942) |
€50 Service activation |
€50 Subscription to service (applied per account (IBAN basis) for each BIC mentioned in the agreement for IN/OUT MT940/MT941/MT942 services) |
Change fee name |
| SWIFT services Account information services (MT940, MT941, MT942) |
Free Service termination |
New fee | |
| SWIFT services Account information services (MT940, MT941, MT942) |
€30 per account / month Sending account statement (MT 940) |
€30 per account / month Sending account statement MT940 to other bank (applied per account per each BIC) |
Change fee name |
| SWIFT services Account information services (MT940, MT941, MT942) |
€20 per account / month Sending account balance report (MT 941) |
€1 per message Sending account balance interim report MT941 to other bank (applied per account per each receiver BIC) |
Change fee calculation rules |
| SWIFT services Account information services (MT940, MT941, MT942) |
€20 per account / month Transaction report (MT 942) |
€1 for each report Sending transaction report MT942 to other bank (applied per account per each receiver BIC) |
Change fee calculation rules |
| SWIFT services Account information services (MT940, MT941, MT942) |
€15 per account / month Receiving Account statement (MT 940) €10 per account / month Receiving Account balance report (MT 941) €10 per account / month Receiving Transaction report (MT 942) |
€15 per account / month Receiving account statement (MT940), balance report (MT941) or transaction report (MT942) from other bank (applied per account (IBAN basis)) |
Change fee name and price |
Collection of payments
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Collection of payments Luminor E-Commerce Gateway |
1.5% of transaction amount, min. €0.15 Transaction processing (Luminor Link, Payment Initiation Service, Online Card Acquiring) 3% of transaction amount, min. €0.30 Transaction processing (corporate and non-EEA cards) |
As agreed in a contract (1) Transaction processing 1) Transaction processing if the agreement is signed before 2021.09.01 fee price is: - 1.50% of Transaction amount, min. €0.15; - (for corporate and non-EEA cards) 3% of Transaction amount, min. €0.30. |
Change fee name and price, and footnote added |
| Collection of payments Payment card acceptance at the points of sale |
As agreed in a contract Commission fee on the transaction amount |
New fee | |
| Collection of payments Payment card acceptance at the points of sale |
Free Electronic transaction report |
New fee |
Investments services
| Product name in price list | Fee price and/or name currently | Fee price and/or name starting from 2021 10 01 | Type of change |
|---|---|---|---|
| Investments services Luminor Trade Platform |
35 USD or €30 W-8BEN-E form processing and certification for US market access in Luminor Investor and Luminor Trade platforms |
New fee | |
| Investments services Luminor Trade Platform |
8% per annum (3) Interest for negative cash account balance in Luminor Investor and Luminor Trade platforms (3) Interest on the negative Luminor Investor and Luminor Trade cash account balance is calculated at the rate of the current interbank ask rate, plus fixed additional interest rate of 8%. Interest is deducted at the beginning of the month for the days of the previous month when account had a negative cash balance. |
New fee and footnote added | |
| Investments services Luminor Trade Platform |
Fee is applied according to the service provider pricelist Subscription to real time data |
Prices available in the platform Subscription for real time data in Luminor Investor and Luminor Trade platforms |
Changed fee name |
You can find all the updated Price list here, valid from 2021 10 01.