How can I get paid from abroad in Riga?

A global payment account gives you account details in currencies such as USD, EUR or GBP, so clients and marketplaces can pay you locally in their country. You then convert to EUR and withdraw.

What does it cost to convert to EUR?

Costs are the conversion margin plus any withdrawal fee to your local bank in Latvia. Compare both, as they vary a lot between providers.

Who regulates international bank accounts & e-wallets in Riga?

Providers serving customers in Latvia fall under Latvijas Banka (Bank of Latvia, sole supervisor since the FCMC merged into it on 1 January 2023). Credit institutions and payment or e-money institutions are authorised by Latvijas Banka, which took over financial supervision from the former FCMC in 2023, or passport in from another EU state. Check Latvijas Banka's registers of supervised entities before using a provider.

Who uses global payment accounts in Riga?

Freelancers, remote workers, online sellers and small exporters in Riga use them to receive foreign income without opening bank accounts abroad.

Riga Digital Bank · International Bank Accounts & e-Wallets · Latvia

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Compare international bank accounts & e-wallets providers available to Riga, Latvia residents — with clear fees, features, and eligibility in one place.

Eligibility, pricing, and availability vary by provider, residency, and regulation in Latvia. Confirm the terms directly with each provider before opening an account.

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Check the regulator and any provider directly to confirm availability in Latvia before opening an account.

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International Bank Accounts & e-Wallets in Riga: what to know

Global payment accounts help people in Riga, Latvia get paid by clients, marketplaces and platforms in other countries, then convert the money into EUR (Euro). They are popular with freelancers, online sellers and remote workers in Riga.

Currency in Latvia: EUR · Euro
Regulator in Latvia: Latvijas Banka (Bank of Latvia, sole supervisor since the FCMC merged into it on 1 January 2023)(opens in a new tab)
Local accounts in Latvia: Latvian accounts use the IBAN (LV + 2 check digits + 4-character bank code + 13-digit account, 21 characters in total), a format heavily used by Latvian-licensed payment institutions serving international customers.
Payments in Latvia: Latvia is in the euro area, so euro payments travel over SEPA and SEPA Instant through the EBA Clearing pan-European infrastructure, while high-value settlements run through TARGET2-Latvia operated by Latvijas Banka; Swedbank, SEB and Citadele apps offer instant domestic transfers.

Before you sign up in Riga

Check which currencies you can receive, the conversion fee to EUR (Euro), and the withdrawal fee to a local account in Latvia.

Sources: Latvijas Banka · Latvijas Banka: payment systems · IBAN registry: Latvia structure

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Common questions about international bank accounts & e-wallets in Riga

Disclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.