What are the bank and transaction fees?

Last updated: November 11, 2020

If you use bank accounts, payment gateways etc. to make or receive payments, the following fees may occur:

  • Bank/merchant account setup fees

  • Bank/merchant account maintenance fees

  • Gateway fees

  • Service fees per transaction charged by banks or gateways involved

  • Currency exchange fees

You can also check the full LHV price list (Valid starting from 1st of November 2018) or TransferWise multi-currency account pricing for more information.

These fees are all considered business expenses, as long as the relevant transactions were related to your business activities.

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