Business Accounts with IBAN Offered by E-Money Institutions

Electronic money institutions offer virtual business accounts with IBAN:

  • Accounts can be opened online; supporting documents are submitted online, authentication is also performed online.
  • Accounts fees depend on a company's risk level, assigned based on the country of incorporation, the company's activities.
  • Transfer fees are usually lower than offered by banks.
  • Payment cards can be ordered together with the account.

Product Name
Business Account Category 1
Customer Group
EEA based, low risk
Payment Card
Monthly Fee
50.00 EUR
IBAN
Payment Card
Initial Fee
250.00 EUR
Monthly Fee
50.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
1.00 EUR
Incoming SEPA Payment
1.00 EUR
Outgoing SWIFT Payment
35.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account Category 2
Customer Group
EEA based, high risk
non-EEA based, low risk
Payment Card
Monthly Fee
150.00 EUR
IBAN
Payment Card
Initial Fee
500.00 EUR
Monthly Fee
150.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
3.00 EUR
Incoming SEPA Payment
3.00 EUR
Outgoing SWIFT Payment
40.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
3.00 EUR
Product Name
Business Account Category 3
Customer Group
non-EEA based, high risk
Payment Card
Monthly Fee
250.00 EUR
IBAN
Payment Card
Initial Fee
750.00 EUR
Monthly Fee
250.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
5.00 EUR
Incoming SEPA Payment
5.00 EUR
Outgoing SWIFT Payment
50.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
5.00 EUR
Product Name
Business Account
Customer Group
all countries
Payment Card
Monthly Fee
2.50 EUR
IBAN
Payment Card
Initial Fee
n/a
Monthly Fee
2.50 EUR
Closing Fee
n/a
Outgoing SEPA Payment
0.50 EUR
Incoming SEPA Payment
0.00 EUR
Outgoing SWIFT Payment
15.00 EUR
Incoming SWIFT Payment
0.00 EUR
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account
Customer Group
EEA based, low risk
Payment Card
Monthly Fee
9.99 EUR
IBAN
Payment Card
Initial Fee
0.00 EUR
Monthly Fee
9.99 EUR
Closing Fee
n/a
Outgoing SEPA Payment
0.00 EUR
Incoming SEPA Payment
0.00 EUR
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account+
Customer Group
EEA based, high risk
non-EEA based, low risk
Payment Card
Monthly Fee
99.99 EUR
IBAN
Payment Card
Initial Fee
299.99 EUR
Monthly Fee
99.99 EUR
Closing Fee
n/a
Outgoing SEPA Payment
0.99 EUR
Incoming SEPA Payment
0.99 EUR
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account SEPA
Customer Group
SEPA based
Payment Card
Monthly Fee
0.00 EUR
IBAN
Payment Card
Initial Fee
0.00 EUR
Monthly Fee
0.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
0.15 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
7.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account non-SEPA
Customer Group
non-SEPA based
Payment Card
Monthly Fee
1.00 EUR
IBAN
Payment Card
Initial Fee
10.00 EUR
Monthly Fee
1.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
0.50 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
7.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account International
Customer Group
international
Payment Card
Monthly Fee
10.00 EUR
IBAN
Payment Card
Initial Fee
100.00 EUR
Monthly Fee
10.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
5.15 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
37.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
1.00 EUR
Revolut Ltd
United Kingdom
Product Name
Business Account Freelancer
Customer Group
EEA, Switzerland
Payment Card
Monthly Fee
6.99 GBP
IBAN
Payment Card
Initial Fee
n/a
Monthly Fee
6.99 GBP
Closing Fee
n/a
Outgoing SEPA Payment
n/a
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
n/a
Revolut Ltd
United Kingdom
Product Name
Business Account Start
Customer Group
EEA, Switzerland
Payment Card
Monthly Fee
25.00 GBP
IBAN
Payment Card
Initial Fee
n/a
Monthly Fee
25.00 GBP
Closing Fee
n/a
Outgoing SEPA Payment
n/a
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
n/a
Revolut Ltd
United Kingdom
Product Name
Business Account Standard
Customer Group
EEA, Switzerland
Payment Card
Monthly Fee
100.00 GBP
IBAN
Payment Card
Initial Fee
n/a
Monthly Fee
100.00 GBP
Closing Fee
n/a
Outgoing SEPA Payment
n/a
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
n/a
Revolut Ltd
United Kingdom
Product Name
Business Account Professional
Customer Group
EEA, Switzerland
Payment Card
Monthly Fee
1000.00 GBP
IBAN
Payment Card
Initial Fee
n/a
Monthly Fee
1000.00 GBP
Closing Fee
n/a
Outgoing SEPA Payment
n/a
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
n/a
Incoming SWIFT Payment
n/a
Free Transfers Included
n/a
Internal Transfer Fee
n/a
Product Name
Business Account EU
Customer Group
EU based
Payment Card
Monthly Fee
35.00 EUR
IBAN
Payment Card
Initial Fee
375.00 EUR
Monthly Fee
35.00 EUR
Closing Fee
100.00 EUR
Outgoing SEPA Payment
5.00 EUR
Incoming SEPA Payment
0.00 EUR
Outgoing SWIFT Payment
45.00 EUR
Incoming SWIFT Payment
10.00 EUR
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account non-EU
Customer Group
non-EU based
Payment Card
Monthly Fee
50.00 EUR
IBAN
Payment Card
Initial Fee
1075.00 EUR
Monthly Fee
50.00 EUR
Closing Fee
250.00 EUR
Outgoing SEPA Payment
5.00 EUR
Incoming SEPA Payment
0.00 EUR
Outgoing SWIFT Payment
75.00 EUR
Incoming SWIFT Payment
10.00 EUR
Free Transfers Included
n/a
Internal Transfer Fee
0.00 EUR
Product Name
Business Account Basic
Customer Group
all countries
Payment Card
Monthly Fee
20.00 EUR
IBAN
Payment Card
Initial Fee
150.00 EUR
Monthly Fee
20.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
4.00 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
4.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
7
Internal Transfer Fee
n/a
Product Name
Business Account Standard
Customer Group
all countries
Payment Card
Monthly Fee
40.00 EUR
IBAN
Payment Card
Initial Fee
150.00 EUR
Monthly Fee
40.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
4.00 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
4.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
15
Internal Transfer Fee
n/a
Product Name
Business Account Premium
Customer Group
all countries
Payment Card
Monthly Fee
80.00 EUR
IBAN
Payment Card
Initial Fee
150.00 EUR
Monthly Fee
80.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
4.00 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
4.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
30
Internal Transfer Fee
n/a
Product Name
Business Account Ultra UE
Customer Group
all countries
Payment Card
Monthly Fee
100.00 EUR
IBAN
Payment Card
Initial Fee
600.00 EUR
Monthly Fee
100.00 EUR
Closing Fee
n/a
Outgoing SEPA Payment
4.00 EUR
Incoming SEPA Payment
n/a
Outgoing SWIFT Payment
4.00 EUR
Incoming SWIFT Payment
n/a
Free Transfers Included
31
Internal Transfer Fee
n/a

See Also