Frequently Asked Questions
BlueOrange is a bank. Its registered name is AS BlueOrange Bank.
The bank has been using the new BlueOrange brand since January 2017.
The bank operates in accordance with the applicable legislation of the Republic of Latvia and is regulated by the Financial and Capital Market Commission (FCMC).
The bank was established on 22 June 2001.
BlueOrange is one of the top 10 banks in Latvia. To find out more about the bank and its history, please visit our About Us page.
Bank is headquartered in Riga, Latvia. Detailed contact information is available here.
The bank's ATMS are situated in Riga only. You can find precise locations here (in Latvian).
The bank provides banking services in Latvia, the Baltic states and Europe.
Currently, the bank employs 214 people.
The bank’s operations are subject to the applicable legislation of the Republic of Latvia and are supervised by the RL Financial and Capital Market Commission (FCMC).
BlueOrange is a member of the Association of Latvian Commercial Banks (ALCB). The ALCB is part of the European Banking Federation (EBF). For more information, please visit the ALCB website.
As a bank registered in Latvia, BlueOrange is subject to the national laws and regulations of Latvia, including the Deposit Guarantee Law.
The law specifies that, regardless of the date on which funds are deposited, the guaranteed compensation per depositor for funds deposited with a bank in Latvia is equal to the amount of their guaranteed deposit, but no more than EUR 100,000. To find out more about the regulations that apply to the bank, please visit the Regulations section on our website.
The bank operates within the SWIFT system with the code CBBRLV22.
In 2014, the bank established a charity foundation. BeOpen is primarily engaged in charitable endeavours and support for the most vulnerable groups in local society, including children with special needs. To find out more about the bank’s charity foundation, please read our Charity section.
Important information about payment cards
Information about what to do in case of loss or theft of a card, safety rules for using a card, unlocking or changing a PIN code, as well as functions with a card that are available in the Internet Bank can be found on the Payment cards page in the Banking services section above.
** Free-of-charge cash withdrawal totalling up to EUR 500.00 at any ATM in Latvia and worldwide (including BlueOrange ATMs) is accounted for a certain period (calendar month), where the transaction fee is reserved at the time of the transaction, but then cancelled at the time of write-off of the transaction.
As soon as the total amount of cash withdrawals in ATMs exceeds EUR 500.01, the transaction fee is reserved and deducted in accordance with the bank’s applicable pricelist.
The total amount of free-of-charge ATM cash withdrawal is accounted per calendar month based on the date of the transaction at the ATM.
** These rules apply only to EU customers.
Open an Account
The Bank offers the possibility of remote account opening for new clients in Latvia. This means that you no longer have to arrive to the Bank office in Riga in person. To open a bank account remotely, you need an internet connection, an identification document to be presented to the Bank representative during a video call, and an existing account at another bank within the European Union.
Remote identification is simple and convenient — you just need to enter the BlueOrange Client Cabinet, authorise there with your email or Facebook profile, and fill-in the application by adding an image of your passport or ID card. Then you will receive an electronic invitation to join a video conversation, during which you will present to the Bank representative the identity document previously submitted. Your application will then be processed, and a payment card will be delivered to you within few days; the instructions for connecting to the Internet Bank will be sent to your mobile phone.
If, however, it is more convenient for you to meet with the Bank representative in person in order to open an account, you are always welcome to visit the BlueOrange Client Service Centre in Riga, 2 Jekaba Street.
For more details on the remote identification please read here.
Yes, our bank opens accounts for clients internationally.
You will need to fill out a current account application and provide an identification document (such as a passport or ID card) and a set of legal documents regarding your business.
The Bank’s policies do not allow account opening for companies registered in Panama, Belize, BVI, Seychelles or the Marshall Islands.
Yes, the bank offers account opening for companies registered in the British Isles.
Please get in touch with your private banker.
The fee will depend on the payment priority (Standard, Urgent, Express) and payer allocation (BEN, SHA, OUR).