Šiaulių Bankas AB offered the new pricing for corporate clients


Šiaulių Bankas AB offers new daily bank service pricing for corporate clients from 1 March of this year, by presenting service plans for business. These plans stand out by very competitive fees and are suitable for needs of different size companies.

Due to size of companies, number of employees, usage of business specification daily bank service among bank‘s corporate clients significally differ. After analysis of corporate clients, Šiaulių bankas prepared a new pricing which by not overpaying for daily bank services is of the essence. If the account is active, there is no need to pay taxes, this is the exceptional offer in the market. If the company is small and conducts only several transaction annualy, the offered plan is without monthly fees, and the fees are applied only for carried out transaction operations. Larger companies have the plan which main principal is – the more transactions are made, the lower cost of operations is going to be.

As shows the analysis of corporate clients of Šiaulių Bankas, most of the smaller companies need only one account, however the number of daily operations carried out during month may differ. For example, companies or non-governmental organisations which rarely use bank services, Šiaulių Bankas recommend to use the service plan “Smart”. There is no fee for this monthly plan and taxes are applied only for an actual operation in an account.

For larger companies holding several accounts and actively using daily services, Šiaulių Bankas offers the plan “Premium” – first 15 transactions will cost 0.35 euros, however making more transactions the cost will gradually decline, e.g. exceeding the limit of 200 transactions, the price of other transactions shall be only 0.15 euros.

By calculations of Šiaulių Bankas, the company which chose Šiaulių Bankas “Premium“ plan, can save up to 30 percent of taxes paid for daily bank services. This is a significant amount which the company may allocate for other business matters.

Šiaulių Bankas also draws Your attention that from 1 April 2017 a new account management fee of EUR 1.50 per month will come in force for corporate customers.

Funding of Small and medium-sized business (SMB) is one of the strategic business directions of Šiaulių Bankas. The loans for SMB companies constitute more than 60 percent of bank load portfolio. During 2016 number of Šiaulių Bankas corporate clients increased by 3 percents. Prestigous financial journal published in Great Britain “Global Banking & Finance Review” acknowledged Šiaulių Bankas as the best small and medium-sized business bank in Lithuania in 2016.

More information about service plans for business in here.