Citadele Account Type

Citadele offers a variety of account types to cater to different trading needs, including:

• Corporate Account: Designed for businesses, this account allows for multicurrency transactions and provides a full suite of banking services including remote management and brokerage activities. The cost to open a corporate account is approximately €500, and the account opening period is typically 2-3 weeks.

• Financial Instrument Account: This account is intended for investing in various financial instruments such as shares, bonds, and investment funds. To open this account, customers must have a current account or payment card account with Citadele and access to the online banking system.

• Investment Account: This account type allows for simplified tax calculations and declarations, suitable for personal investments in securities. It is a multi-currency account, and the opening process can be completed online.

Citadele Broker Account Opening Process

To open an account with Citadele, follow these steps:

• Sign Up: For existing customers, log into the online banking system. New customers must first open a current account.

• Application Submission: Fill out the necessary application forms for the desired account type. For a corporate account, this may include providing apostilled documents and registration details.

• Documentation:

• For private applicants: A questionnaire and a certified copy of a passport.
• For business units: A questionnaire, legalized constituent documents, and a certificate of good standing if the company has been in existence for more than a year.

• Remote Account Management: Once the account is opened, customers can manage their accounts remotely without the need for physical presence, allowing for efficient banking operations.

• Approval Time: The account opening process typically takes about 2-3 weeks for corporate accounts, while financial instrument accounts can be opened within 3 hours of application submission.

For more details, visit Citadele's website.