Compare IBS Lithuania vs SatchelPay

UAB IBS Lithuania Logo
Trustpilot Rating
Reviews 1 | Average
 (3.7)

UAB IBS Lithuania is an electronic money institution focused on digital banking services between Europe and China. UAB IBS Lithuania offers virtual personal IBAN accounts, virtual business IBAN accounts, merchant accounts with IBAN, physical prepaid cards (coming soon), virtual prepaid cards (coming soon), SEPA transfers, SWIFT transfers, international payments, currency exchange, customer payments processing, Alipay, WeChat Pay and UnionPay international acquiring solutions to private individuals, international businesses, financial institutions, merchants. In 2019 UAB IBS Lithuania had total customer funds to be safeguarded of 3.08 mln EUR, UAB IBS Lithuania generated gross profit of 224,000.00 EUR. Incorporated in Lithuania, UAB IBS Lithuania is authorized and regulated by the Bank of Lithuania.

Satchelpay UAB Logo
Trustpilot Rating
Reviews 2 | Average
 (3.7)

Satchelpay UAB is an electronic money institution focused on facilitating global payment transactions. Satchelpay UAB offers virtual personal IBAN accounts, virtual business IBAN accounts, merchant accounts with IBAN, physical prepaid cards, virtual prepaid cards to private individuals, international businesses, financial institutions. In 2019 Satchelpay UAB had total customer funds to be safeguarded of 2.42 mln EUR, Satchelpay UAB generated gross profit of 633,000.00 EUR. Incorporated in Lithuania, Satchelpay UAB is authorized and regulated by the Bank of Lithuania.

IBS Lithuania Business Focus
digital banking services between Europe and China
IBS Lithuania Products
  • virtual personal IBAN accounts
  • virtual business IBAN accounts
  • merchant accounts with IBAN
  • physical prepaid cards (coming soon)
  • virtual prepaid cards (coming soon)
IBS Lithuania Services
  • SEPA transfers
  • SWIFT transfers
  • international payments
  • currency exchange
  • customer payments processing
  • Alipay, WeChat Pay and UnionPay international acquiring solutions
IBS Lithuania Clients
  • private individuals
  • international businesses
  • financial institutions
  • merchants

View IBS Lithuania Profile +

SatchelPay Business Focus
facilitating global payment transactions
SatchelPay Products
  • virtual personal IBAN accounts
  • virtual business IBAN accounts
  • merchant accounts with IBAN
  • physical prepaid cards
  • virtual prepaid cards
SatchelPay Clients
  • private individuals
  • international businesses
  • financial institutions

View SatchelPay Profile +

Compare Personal Accounts

IBS Lithuania SatchelPay
CurrencyEUR, USD, GBP
and 26 more
EUR, GBP, CHF
and 22 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (LT IBAN) available (LT IBAN)
UK Account Number not available not available
Customer GroupsEU residents
non-EU residents
EU residents
non-EU residents
Pricing Plans EU
non-EU
EU
non-EU
Open Account Open Account
 

Currency

IBS Lithuania

Personal Current Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, GBP, HKD, CNY, RUB, DKK, PLN, CZK, NOK, SEK, AUD, CHF, JPY, AED, CAD, HUF, RON, BGN, TRY, KZT, NZD, INR, ILS, MXN, ZAR, SGD, BYN, THB.

SatchelPay

Personal Current Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, CHF, CNY, JPY, AED, TRY, ILS, PLN, HUF, DKK, SEK, NOK, RON, HRK, CZK, AUD, NZD, CAD, MXN, HKD, SGD, RUB, ZAR, SAR.

Payment Cards

IBS Lithuania

Payment cards are not offered together with Personal Current Account.

SatchelPay

Satchelpay Personal Card (MasterCard) can be ordered together with Personal Current Account.

International Transfers

IBS Lithuania

  • SWIFT Transfers
  • SEPA Credit Transfers

SatchelPay

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

IBS Lithuania

  • available for verified customers
  • appears automatically for EUR balances

SatchelPay

  • available for verified customers
  • purchased from 7,00 EUR per month

IBAN Countries

IBS Lithuania

Personal IBANs assigned to Personal Current Account belong to Lithuania.

SatchelPay

Personal IBANs assigned to Personal Current Account belong to Lithuania.

Pricing Plans

IBS Lithuania

Personal Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.

  • EU
  • offered to: EU residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 5.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 30.00 EUR
  • SWIFT Incoming 5.00 EUR
  • Open Account
  • non-EU
  • offered to: non-EU residents
  • Initial Fee 50.00 EUR
  • Monthly Fee 30.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 2.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account

SatchelPay

Personal Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.

  • EU
  • offered to: EU residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 1.00 EUR
  • Closing Fee 50.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 35.00 EUR
  • SWIFT Incoming 5.00 EUR
  • Open Account
  • non-EU
  • offered to: non-EU residents
  • Initial Fee 575.00 EUR
  • Monthly Fee 35.00 EUR
  • Closing Fee 150.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 45.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account

How to Open IBS Lithuania Account

Opening Personal Account
1.
Provide your details online
2.
Upload your proof of address
3.
Upload your proof of identity
4.
Pass video authentication
5.
Account is ready to use in a few minutes
Proof of Address. These documents are accepted as a proof of address: utility bill, bank statement.
Proof of Identity. IBS Lithuania accepts copies of passports; however for Chinese residents both copies of ID Card and Passport are mandatory.
After completing the registration form, IBS Lithuania team will review the registration form and will send an email to the indicated email address with the invitation to the video call in order verify customer's identity.


How to Open SatchelPay Account

Opening Personal Account
1.
Provide your details online
2.
Upload your proof of address
3.
Upload your proof of identity
4.
Pass video authentication
5.
Account is ready to use in a few minutes
Proof of Address. These documents are accepted as a proof of address: utility bill, bank reference, bank statement.


Compare Business Accounts

IBS Lithuania SatchelPay
CurrencyEUR, USD, GBP
and 26 more
EUR, GBP, CHF
and 22 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (LT IBAN) available (LT IBAN)
UK Account Number not available not available
Customer GroupsEU based
non-EU based
high risk, worldwide
EU based
non-EU based
Pricing Plans EU
non-EU
Compliance Intensive
EU
non-EU
Open Account Open Account
 

Currency

IBS Lithuania

Business Current Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, GBP, HKD, CNY, RUB, DKK, PLN, CZK, NOK, SEK, AUD, CHF, JPY, AED, CAD, HUF, RON, BGN, TRY, KZT, NZD, INR, ILS, MXN, ZAR, SGD, BYN, THB.

SatchelPay

Business Current Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, CHF, CNY, JPY, AED, TRY, ILS, PLN, HUF, DKK, SEK, NOK, RON, HRK, CZK, AUD, NZD, CAD, MXN, HKD, SGD, RUB, ZAR, SAR.

Payment Cards

IBS Lithuania

Payment cards are not offered together with Business Current Account.

SatchelPay

Satchelpay Business Card (MasterCard) can be ordered together with Business Current Account.

International Transfers

IBS Lithuania

  • SWIFT Transfers
  • SEPA Credit Transfers

SatchelPay

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

IBS Lithuania

  • available for verified customers
  • appears automatically for EUR balances

SatchelPay

  • available for verified customers
  • purchased from 7,00 EUR per month

IBAN Countries

IBS Lithuania

Personal IBANs assigned to Business Current Account belong to Lithuania.

SatchelPay

Personal IBANs assigned to Business Current Account belong to Lithuania.

Pricing Plans

IBS Lithuania

Business Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU, Compliance Intensive.

  • EU
  • offered to: EU based
  • Initial Fee 50.00 EUR
  • Monthly Fee 10.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 2.00 EUR
  • SEPA Incoming 1.00 EUR
  • SWIFT Outgoing 30.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account
  • non-EU
  • offered to: non-EU based
  • Initial Fee 200.00 EUR
  • Monthly Fee 50.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 3.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 15.00 EUR
  • Open Account
  • Compliance Intensive
  • offered to: high risk, worldwide
  • Initial Fee 500.00 EUR
  • Monthly Fee 200.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 5.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 30.00 EUR
  • Open Account

SatchelPay

Business Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.

  • EU
  • offered to: EU based
  • Initial Fee 375.00 EUR
  • Monthly Fee 35.00 EUR
  • Closing Fee 100.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 45.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account
  • non-EU
  • offered to: non-EU based
  • Initial Fee 1075.00 EUR
  • Monthly Fee 50.00 EUR
  • Closing Fee 250.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 75.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account

How to Open IBS Lithuania Account

Opening Business Account
1.
Provide your details online
2.
Upload your corporate KYC document package
3.
Upload your proof of address
4.
Upload your proof of identity
5.
Pass video authentication
6.
Account is ready to use in up to 3 business days
Proof of Identify. Copies of passports of all ultimate beneficial owners and representative are required.
Proof of Address. Utility bills or bank statements of all ultimate beneficial owners and representative are required.
Corporate Documents. IBS Lithuania requires trade register reference, certificate of incorporation, corporate bank statement, organizational chart showing ultimate beneficial owners.
After completing the registration form, IBS Lithuania team will review the registration form and will send an email to the indicated email address with the invitation to the video call in order verify customer's identity.


How to Open SatchelPay Account

Opening Business Account
1.
Provide your details online
2.
Upload your corporate documents
3.
Upload your company details
4.
Upload your proof of address
5.
Upload your proof of identity
6.
Pass video authentication
7.
Account is ready to use in 1 day - 2 weeks
Proof of Address. These documents are accepted as a proof of address: utility bill, bank reference, bank statement.
Company Details. SatchelPay requires a detailed business description including source of funds, website, incoming and outgoing transfers, involved countries.
Corporate Documents include certificate of incorporation, memorandum and articles of association; appointment of directors and shareholders; certificate of good standing (for companies older than 1 year).