Conditions of Growth Account agreement

Effective as of 08.06.2026

  1. General provisions

    1. Growth account agreement (hereinafter Agreement) is an agreement entered into by AS LHV Pank (hereinafter Bank) and a Customer who has an Account in the Bank (hereinafter Customer) under which the Customer authorizes the Bank to execute transactions, in the name and/or account of the Customer, transactions with Securities according to the growth account (hereinafter Growth Account) plan previously selected by the Customer.
    2. Upon entry into the Agreement the Customer and the Bank shall agree how the Bank will provide the services specified in section 1.1 (incl. which Securities shall be the object of the Growth Account).
    3. These terms and conditions of the Agreement (hereinafter the Conditions) constitute an inseparable part of the Agreement and they apply to the Agreement in so far as the Bank and the Customer have not agreed otherwise.
    4. In addition to the terms and definitions set forth in the Conditions, also the terms and definitions provided in the Bank’s General Conditions and the Conditions of Provision of Investment Services shall apply.
    5. In matters not regulated by the Agreement the Bank and the Customer shall follow, in addition to the Conditions, also the General Conditions and the Conditions on Provision of Investment Services, incl. other documents referred to therein.
    6. The Agreement is governed by the law of the Republic of Estonia.

  2. Execution of Transactions

    1. The Bank shall perform, in the name and/or account of the Customer, Transactions within the amount transferred to the Growth Account by the Customer from which the transaction fee and Growth Account management fee shall be deducted.
    2. Payments can be made to the Growth Account by means of payment order, standing order and/or amounts received from debit card payments (the latter hereinafter: Microinvestment).
    3. The Customer selects the activation of Microinvestment and the method for calculating amounts received from debit card payments in the Agreement.
    4. Micro-investing can be used simultaneously within one or multiple Growth Accounts, and the accounting involves all the payments made with the Customer’s debit cards. If micro-investing is activated across multiple Growth Accounts, the amount received from a debit card payment is not divided equally between all of the Customer’s Growth Accounts; instead, the full amount is transferred separately to each Growth Account.
    5. The Customer shall pay the Growth Account management fee and transaction fees for Transactions pursuant to the Bank’s Price List.
    6. Transactions with Securities are carried out in accordance with the General Terms and Conditions, the terms for the provision of investment services, and the Bank’s Price List. In the case of the sale of Securities, the quantity of the Securities to be sold is displayed. The funds received from the sale are transferred to the Customer’s Account that is not linked to the Growth Account. If the Customer does not have such an Account, the funds received from the sale are transferred to the Growth Account.
    7. The Customer hereby grants the Bank all the authorisations and rights to conclude Transactions on behalf of and/or the account of the Customer to the extent of the amount transferred to the Growth Account. When performing its duties arising from the Agreement, the Bank shall conclude transactions only with Securities that are the object of the Growth Account.
    8. The Bank shall conclude Transactions once a week and within a certain period of time. The period of time for execute Transactions is specified on the Website.
    9. The quantity of Securities acquired in the Growth Account shall be rounded to the third decimal place. As a result thereof, the Customer may acquire fractions of Securities in the Growth Account. Fractions of Securities, including Securities registered with the ECRS, can be acquired only in the name of the Bank and on the account of the Customer. Fractions of Securities can only be sold to the Bank.
    10. The Customer does not have the right to determine the quantity of Securities being the object of the Transaction.
    11. The precondition for concluding a Transaction is the receipt of the necessary amount of money in the Customer’s Growth Account. The Customer shall be responsible for ensuring that there are sufficient funds on the Growth Account to perform the Transaction.
    12. The Customer shall monitor the performance and relevance of the Securities serving as the object of the Growth Account, among other any information published about the Securities, and if necessary, consider changing the Growth Account plan and/or the choice of the Securities serving as the object of the Transactions and/or the amount invested, or the termination of the Agreement.
    13. The Bank has the right to rely on the information provided by the Customer, including the suitability of the Customer’s selected Securities, unless the Customer has informed the Bank otherwise.

  3. Amendment of the agreement

    1. The Customer has the right to change the Growth Account plan, and/or the selection of Securities being the object of the Transactions and/or the amount of money to be invested, in accordance with the options offered by the Bank.

  4. Validity and termination of the agreement

    1. The Agreement shall enter into force upon its conclusion and is concluded for an indefinite term.
    2. The Customer has the right to terminate the Agreement at any time.
    3. The Bank has the right to ordinarily terminate the Agreement by giving at least 2 (two) months’ prior notice or terminate it with immediate effect in accordance with the provisions of the General Conditions or the conditions for the provision of investment services.
    4. In case of a Customer who is a legal person, the Bank has the right to ordinarily terminate the Agreement by adhering to the term of advance notification stipulated in the General Conditions.