Thinking about the needs of seniors, we have partnered with the Latvian Pensioners’ Federation and created a special product that allows you to save funds free of charge to compensate for the funeral expenses in the amount of up to EUR 3,000.
Save funds free of charge
Account opening and maintenance is free of charge
Safe keeping of funds
Safety of the funds is guaranteed by the Deposit Guarantee Fund
Quick receipt of funds
The beneficiary previously specified by the senior may receive the saved funds quickly and easily on presentation of the death certificate
No additional charges
The money is paid out without additional charges
Frequently asked questions
Who may apply for receipt of the savings?
The person specified as the beneficiary of the funds on presentation of the death certificate and documents certifying funeral expenses (invoices, contracts, etc.).
When is it possible to apply for the pay-out of savings?
You may apply for the pay-out of the funds within 30 days of the date of issuing the death certificate.
What is the application process?
Upon arrival at the Bank, the beneficiary must submit the necessary documents and complete a Written Undertaking certifying that he or she will receive the funds in cash and that he or she will reimburse the funds in the event of claims by heirs or third parties.
How are the savings paid out?
A customer service specialist of PNB Banka will issue cash within two banking business days after receiving and examining the documents.
What amount is paid out?
The amount envisaged for reimbursement of funeral expenses is paid out based on documents certifying the funeral expenses, but not more than EUR 3,000. The funds are paid out once in full.