Citadele banka

Citadele banka is a Latvian bank headquartered at Republikas laukums 2A in Riga, offering services to businesses in the Baltic states. Its legal entities and terms differ by market, so conditions should be checked for the relevant country.

Business accounts

The bank provides current multi-currency accounts and temporary accounts for companies. An account can be linked to an accounting system for salaries and other transfers. Certain new Latvian companies can open a temporary account remotely and later convert it into a permanent one, which shortens the start of operations while a company is being established.

Acquiring

Citadele also lists merchant acquiring: POS acquiring and Phone POS, a solution that turns a mobile phone into a terminal. This makes it possible for a business to combine its account with card acceptance at one bank.

Markets

The profile covers Latvia, Estonia and Lithuania. Terms, fees, currencies, card networks and onboarding documents vary between the legal entities in each market, and the profile does not give detailed figures.

Who it suits

The offer fits Baltic companies and start-ups that want a multi-currency account and in-store card acceptance. Ask the bank which entity serves your country and what documents it requires.