OREANDA-NEWS. April 09, 2014. In May and June 2014, TKB will introduce changes in the Consolidated Pricelist sections Account Opening and Servicing, Payment Operations and Escrow Account.

From May 5, 2014, changes in the Pricelist will concern opening, closing of accounts and dormant accounts.

In the Pricelist section Account Opening and Servicing the commission for account opening and closing for all non-resident individuals and legal entities will be changed and expressed in the euro (previously in USD).

The fee for a dormant account of residents will be no longer charged, while non-residents will have to pay a constant monthly fee for a dormant account that has not had any client-initiated transactions for more than 6 months, and the customer does not have any other effective agreements with the bank.

From June 1, 2014, changes in the Pricelist will apply to all TKB clients.

The Pricelist section Account Opening and Servicing will provide free of charge opening of accounts to resident individuals.

The Pricelist section Payment Operations will become more transparent and the main changes will be as follows:

 A new Payment Operations section ALL CURRENCIES will be introduced, which will incorporate the commissions that are the same in all currencies.

 Payment operations in EUR will be divided, depending on whether a payment is made to countries of the Single Euro Payments Area (SEPA) or to countries outside the SEPA. Payments to non- SEPA countries will have a new commission OUR GUARANTEED, which will save you extra expenses, requested from the bank by other banks involved. Payments to SEPA countries submitted before 1 p.m. will be executed on the same day.

 Payment operations in USD will be handled with a commission fee in the euro, and you will be offered a new type of transactions in dollars, i.e. privileged payment within one hour.

 For payment operations in RUB, BYR, UAH, KZT the commission fee will be changed for transfers to other banks.

In the Pricelist section Escrow Account, a commission will be added for processing of application, but the commission fee for conclusion of a standard escrow agreement and for amending of agreement provisions will be changed.

For any further information about the changes in the Pricelist and terms of service contact your private banker or TKB Infocenter at 67027777, e-mail - info@tkb.lv.