OREANDA-NEWS. December 31, 2009. The main purpose of the "Unified Personal Current Account Switching Principles" ("the Unified Principles") is to enable retail customers of banks to switch their current account between banks based in Latvia or Latvian branches of foreign based banks.

The Unified Principles give customers an opportunity to terminate their account contract with the present bank and/or to transfer their direct debit contracts and standing order contracts to a new bank, unless specific circumstances precluding that exist.
Information to customers about switching personal current accounts (In Latvian)

For further information, see related documents, the website of the Association of Commercial Banks of Latvia, or visit any Swedbank branch.