13. November 2017
On 13 January 2018, changes in LHV Pank General Conditions, Terms and Conditions of Payment Service and Bankcards will enter into force.
General Terms and Conditions
- We supplemented the conditions for the safekeeping and use of security features (PIN calculator, mobile-ID, etc.);
- We specified the grounds for the refusal to establish a customer relationship;
- We reduced the excess of the customer to 50 €;
- We added an explanation to strong authentication;
- We specified the definition of security features.
Payment Service Terms and Conditions
- We added information about the payment of service fees for payments made in the EEA;
- We added a possibility to also use the services described in the terms and conditions through other service providers;
- We added the rules for the strong authentication of customers;
- We supplemented the clauses describing the liability of the customer and the bank;
- We specified the procedure of submitting applications by the customer.
Settlement and Terms of Payment Orders
- We changed the name of the terms and conditions (previously Instructions and terms for payment operations);
- We supplemented the list of possible payment orders;
- We replaced the definition of “banking day” with the definition of “settlement day”;
- We added the payment terms for payments made in the EEA and possibilities of paying the service fee.
Conditions of Private Customer Card
- We reduced the excess of the customer to 50 €;
- We added the rule for the strong authentication of customers.
