Luminor Investor
Price
Share and ETF trading commissions:
American Stock Exchange, when value of one share is below 10 USDUSD 0.015 per share, but not less than USD 14
American Stock Exchange, when value of one share is above 10 USDUSD 0.018 per share, but not less than USD 14
Euronext Amsterdam, Euronext Brussels0.1% of Trade amount, but not less than EUR 10
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount, but not less than DKK 29
Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount, but not less than EUR 10
London Stock Exchange (IOB)0.1% of Trade amount, but not less than USD 14
London Stock Exchange0.1% of Trade amount, but not less than GBP 7
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD0.015 USD per share, but not less than USD 14
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share, but not less than USD14
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount, but not less than USD 25
Oslo Stock Exchange0.1% of Trade amount, but not less than NOK 62
Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange0.1% of Trade amount, but not less than EUR 10
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount, but not less than SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Blue-chip)0.1% of Trade amount, but not less than CHF 15
Warsaw Stock Exchange0.3% of Trade amount, but not less than PLN 72
Hong Kong Exchange0.15% of Trade amount, but not less than HKD 140
Investing in mutual funds Commission fee 1 % of the invested amount
Investing in debt securities 0.20% of the transaction value, min. EUR 15
Custody fee0.01% of the amount, min. EUR 0.50 per month
Other services:
Exchange Data Subscription*Free of charge
Security transfer from other bank/ broker to Luminor Investor Free of charge
Security transfer from Luminor Investor to other bank/ brokerEUR 30 per ISIN
Annual withholding tax on income earned in USA**USD 90
Tax Reclaim Service for Beneficial Owners***The fee is applied according to the "Tax reclaim Service for beneficial Owners" pricelist
Cash transfer from Luminor Investor account 2 EUR/ 2,70 USD / 1,70 GBP / 17 NOK / 18 SEK / 9 PLN


*For clients who trade equities and subscribe to real time market data, Luminor Bank has introduced a refund scheme where fees are refunded. Read more about subscribing to Exchange Data Subscription.
**The detailed information on the Annual withholding tax on income eraned in USA, can be found by using this link. ***When you invest cross border, your investment income may be over-taxed before you receive it. Luminor Investor clients, who choose to use our partner's "Tax Reclaim Service for Beneficial Owners" services be able to reclaim some or all of this tax.

Discretionary portfolio management service
Price
Cash transfer from Luminor Investor accountFree
Management feeAs agreed with the client (plus Value Added Tax (VAT))
Performance feeAs agreed with the client (plus Value Added Tax (VAT))
Share and ETF trading commissions:
American Stock Exchange, when value of one share is below 10 USDUSD 0.015 per share but not less than USD 14
American Stock Exchange, when value of one share is above 10 USDUSD 0.018 per share but not less than USD 14
Euronext Amsterdam, Euronext Brussels0.1% of Trade amount but not less than EUR 10
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount but not less than DKK 29
Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount but not less than EUR 10
London Stock Exchange (IOB)0.1% of Trade amount but not less than USD 14
London Stock Exchange0.1% of Trade amount but not less than GBP 7
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD0.015 USD per share but not less than USD 14
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share but not less than USD 14
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50 000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50 000 USD0.15% of Trade amount but not less than USD 25
Oslo Stock Exchange0.1% of Trade amount but not less than NOK 62
Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange0.1% of Trade amount but not less than EUR 10
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount but not less than SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Blue-chip)0.1% of Trade amount but not less than CHF 15
Warsaw Stock Exchange0.3% of Trade amount but not less than PLN 72
Hong Kong Exchange0.15% of Trade amount but not less than HKD 140
Commission fee for investing in mutual funds0.25% of the trade amount
Investing in debt securities0.2% of the transaction value, but not less than EUR 15
Custody fee0.01% of the amount, but not less than EUR 0.50 per month
Other services:
Exchange Data SubscriptionFree of charge
Security transfer from other bank/broker to Luminor InvestorFree of charge
Security transfer from Luminor Investor to other bank/ brokerEUR 30 per ISIN
Annual withholding tax on income earned in USAUSD 90
Tax Reclaim Service for Beneficial OwnersThe fee is applied according to the "Tax reclaim Service for beneficial Owners" price list
Securities account
Price
Opening an internal Luminor Bank securities accountFree
Opening Nasdaq CSD securities account4 €
Closing a securities accountFree
Securities account monthly maintenance fee
Price
An Nasdaq CSD securities account with no securities0.60 €
An Nasdaq CSD securities account with no securities or where the total value of securities held is:
up to 10,000 euros0.60 €
from 10,000 to 100,000 euros1.50 €
more than 100,000 euros3.50 €
An internal Luminor securities account that holds:
Fund units or Nordea index-linked bondsFree
Funds that are not managed by Nordea Investment Funds S.A. nor Nordea Funds Ltd0.15% of the value of securities
Global securities (Australia, Austria, Belgium, Canada, Denmark, Euroclear (fixed income), Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland, UK, USA).0.01% of the value of securities, min 1.60 €
Global securities of other marketsBy agreement

* VAT is added to the monthly fee. The bank debits the monthly fee from the current account related to the securities account in the calendar month following the month when the fee is calculated.

Fund transactions
Price
Equity funds, mixed funds and funds of funds:
Subscription1%, min 1 €
Redemption1%, min 1 €
Regular investment by standing order1%
Bond funds:
Subscription0.50%, min 1 €
Redemption0.50%, min 1 €
Regular investment by standing order0.50%
Reserve or money market funds:
Subscription0.30%, min 1 €
Redemption0.30%, min 1 €
Regular investment by standing order0.30%
Switch transaction3.20 €
Funds managed by Nordea Funds Ltd.
Equity funds - Redemption1%
Bond funds - Redemption0.50 %
Index-linked bonds
Sale of index-linked bonds3rd party fee - 0,2 % from the nominal value applied by counterparty Nordea Bank AB (publ) (fee is included in the price)
Transaction with defined counterparty6 €
Funds that are not managed by Nordea Investment Funds S.A. nor Nordea Funds Ltd
Redemption 1%, min 25 €

* The transaction fee is debited to the transaction currency.

Securities trading
-
Equities trading(5)Price
Estonia0.20%, min 3.20 €
Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Latvia, Lithuania, Netherlands, Norway, Spain, Sweden, Switzerland, UK, USA0.20%, min 20 €
Poland0.30%, min 30 €
Singapur0.50%, min 50 €
Other marketsBy agreement
Bonds trading
Subscription to bonds(5)0.10%, min 20 €
Subscription of Estonian bonds (5) registered in Nasdaq CSDFee stated in the prospectus, min 3.20 €
Secondary market bond trades(5)Local market: 0.10% min 40 € Eurobond market: 0.30% min 40 € Other bonds: according to agreement but not more than 2%, min 40 €
Other securities transactions
Securities transaction within Luminor Bank Estonia6 €
Nasdaq CSD securities - FOP4.50 €
Nasdaq CSD securities - FOP between Nasdaq CSD and another depository18 €
Nasdaq CSD securities - DVP3.20 €
Transactions with non-Nadsaq CSD securities of below countries with counterparty outside Luminor Bank Estonia:
Euroclear (fixed income), Austria, Belgium, Canada, France, Germany, Ireland, Italy, Netherlands, Poland, Spain, Switzerland, UK40 €
Australia, Hong Kong, Singapore and Japan, USA70 €
Other countriesBy agreement
Transfer of the whole balance of Nasdaq CSD securities account:
To another custodian15 €
From another custodian to Luminor BankFree
Cancellation/Correction(4)Service fee for a cancelled transaction

(4) If the bank incurs costs from the cancellation of a transaction order due to price changes, penalties payable to other institutions and so forth, the bank will debit the costs from the customer's current account.
(5) This service is only available to customers of Private Banking.

Reports
Price
Nasdaq CSD securities account periodic statement:
For calendar yearFree
Per day, per 10 days, per month or per quarter by post (local)3 €
Per day, per 10 days, per month or per quarter by post (international)6.50 €
Per day, per 10 days, per month or per quarter by e-mail0.30 €
Nasdaq CSD securities account statement from branch or by fax3 €
Statements at customer’s request:
from a branch officeFree
from Netbank (not digitally signed)Free
from Netbank (digitally signed)5 €
by email (digitally signed, encrypted)5 €

* VAT is added to the securities account statement fee.

Other securities related services
Price
Nasdaq CSD securities: Registering a pledge10 €
Nasdaq CSD securities: Transaction with pledged securities15 €
Other securities related servicesBy agreement
Issuing documents which allow customer to participate in AGM/EGM20 € + external costs
Instructing custodian banks about voluntary corporate actions based on customer instruction20 € + external costs
Other services related to corporate actionsas individually agreed