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Luminor Latvia review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Luminor Latvia suits teens and students who want an easy-access euro account with no monthly cost and interest on the balance. The monthly fee of €0 matches the site median, and a variable rate of 1.85% pays for keeping money there.

Key facts

Best for
A free euro everyday account for younger users, with interest on the balance.
Monthly fee
€0↗
Currencies
14↗
Free ATM withdrawals
€750 to €1,200↗
Transfer fee
0.36 EUR per SEPA EUR payment in digital channels; 5.00 EUR in branch or by phone↗
Legal entity
Luminor Bank AS↗
Headquarters
Latvia↗
Support channels
Phone, Help-centre↗
Audience
Teens
Pricing model
No monthly fee
Features
Free ATM withdrawals
Official website
luminor.lv

Savings

Headline rate
1.85%↗
Rate type
Variable↗
Minimum deposit
€10↗
Access terms
Unlimited term; request payout at least 7 calendar days in advance and receive savings without a commission fee; less than 7 days in advance costs 0.5% of the amount, min 5 EUR↗
Account kind
Easy access↗

Money transfer

Delivery time
Same business day for SEPA euro payments ordered before 15:15; non-EUR payments to other banks: 2 business days ordinary, next business day urgent, same business day express↗
Payout methods
Bank↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • The monthly fee of €0 matches the site median of €0, so nothing recurs to budget for
  • A minimum deposit of €10 makes it a straightforward first account to open
  • Cash machine access under free atm, with an allowance of €750 to €1,200
  • The service is built around teen, so it is aimed at younger customers

Cons

  • Outgoing euro payments carry a larger flat charge in branch or by phone than in the digital channels
  • Taking savings out with less notice than required costs a percentage of the amount plus a minimum charge
  • Support runs on phone and help centre only, so questions go by phone or the help centre
Luminor Latvia

Ready to try Luminor Latvia?

Scored 9.3 / 10 by VaultCue.

See alternatives

Who it suits

  • Teens and students, since teen is the customer group the bank names
  • Savers who want an easy-access account, listed as easy access with a variable rate
  • Euro users who want cash machine access, covered under free atm

Who should look elsewhere

  • Pixpay FR, which charges a monthly fee of €3.99
  • Credit Agricole Egypt Member Get Member, at a monthly fee of EGP 50
  • JazzCash, a Pakistani wallet account at a monthly fee of PKR 0 rather than euro savings

Rates and card terms

The headline rate on the account is 1.85% and the rate type is variable, so what you earn on your balance can move with the bank.

The company behind it

The account is run by Luminor Bank AS, which is headquartered in Latvia, so it is a locally based bank rather than a branch of a foreign group. Help is offered through phone and help centre, which means you can call or work through the help centre. Phone support is the most common channel among the accounts on the site, at 79.5%.

How Luminor Latvia compares

Where Luminor Latvia is available

Available
Estonia, Latvia, Lithuania

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there a monthly fee to keep this account open?+

No. The monthly fee is €0, and the account sits in the no-monthly-fee group that covers 91.7% of the accounts on the site. On monthly fee it ranks 1 of 500 brands, so there is no recurring charge to budget for.

Does my balance earn interest?+

Yes. The headline rate is 1.85% and the rate type is variable, so the return can rise or fall with the bank. The median headline rate for everyday accounts on the site is 3.25%, so this is a modest rate next to the rest of the market.

How much do I need to open the account?+

The minimum deposit is €10, so a small opening amount is enough to get going. The site median minimum deposit is €0.11 and the everyday-account median is €0, which puts this entry point close to the usual threshold for this kind of account.

What does it cost to send euros out?+

Payouts run to a bank account, and euro payments to other banks carry a small flat fee in the digital channels with a higher one in branch or by phone. Order before the daily cut-off and a SEPA euro payment still goes out the same business day, so paying online keeps cost and speed together.

How many currencies can I hold?+

The bank handles 14 currencies, against a site median of 5 and an everyday-account median of 9. The account is euro based, so most spending and saving happens in euro, with payouts going to a bank account.

What do I get at cash machines?+

Cash machine use is part of the deal: free atm covers an allowance of €750 to €1,200 a period, so everyday withdrawals cost nothing. Free cash machine access sits with 52.9% of the accounts on the site and 64.6% of everyday accounts, so it is common rather than rare.

Can I get at my money quickly?+

The account is easy access, so everyday money is reachable as soon as you need it. Money placed for a term runs with a notice requirement: a request made with enough notice comes back with no commission charge, while a late request costs a percentage of the amount plus a minimum charge.

Who is this account aimed at?+

The bank lists teen as its customer group, and teen customers account for 31.3% of the accounts on the site. Luminor Bank AS is based in Latvia, so the service is built around one home market with a euro account at its core.

Can I get help when something goes wrong?+

Help comes through phone and help centre, which means a phone call or the help centre rather than live chat. Phone support is offered by 79.5% of the accounts on the site and a help centre by 86.1%, so both routes are common in this market.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Related by the facts

Luminor Latvia

Luminor Latvia

A free euro everyday account for younger users, with interest on the balance.

9.3/10See alternatives