Business Accounts with IBAN Offered by E-Money Institutions

Electronic money institutions offer accounts with personal IBAN to business entities. Such accounts provide more flexibility and involve less costs than traditional bank accounts, in particular:

  • 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.
  • Accounts are usually multi-currency, allowing to have funds in different currencies within one account.
  • Although accounts are uniquely identified within the EMI, personal IBANs (as well as other account numbers) can be assigned to account balances in various currencies.
  • Personal IBANs are used in certain payment transactions, usually in SEPA payments, some EMIs have started offering usage of personal IBANs for SWIFT payments. In other payment transactions the EMI's banking details are used.
  • Transfer fees are usually lower than offered by banks.
  • Payment cards can be ordered together with the account.

Product Name
ePayments e-Wallet
Customer Groups
  • all countries
Payment Card
Currency
EUR, USD, RUB
Currency
ePayments e-Wallet is a multi-currency account, allowing the account holder to have funds in EUR, USD, RUB.
Payment Cards
ePayments Business Card (MasterCard) can be ordered together with ePayments e-Wallet.
Personal IBAN
  • available for verified customers
  • can be used for EUR balances only
  • appears automatically for EUR balances
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • other transfers
Pricing Plans
ePayments e-Wallet is offered with a single pricing plan for all customers.
ePayments e-Wallet

offered to: all countries

Monthly Fee 2.50 EUR
SEPA Outgoing 0.50 EUR
SEPA Incoming 0.00 EUR
SWIFT Outgoing 15.00 EUR
SWIFT Incoming 0.00 EUR
Product Name
Current Account
EU
non-EU
Customer Groups
  • EU based
  • non-EU based
Payment Card
Currency
EUR, USD, GBP
and 26 more
Currency
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.
Payment Cards
IBS Personal Card (MasterCard) can be ordered together with Current Account.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • other transfers
Pricing Plans
Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.
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
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
Product Name
Checking Account
SEPA
non-SEPA
International
Customer Groups
  • SEPA based
  • non-SEPA based
  • international
Payment Card
Currency
EUR, USD, RUB
and 26 more
Currency
Checking Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, RUB, DKK, PLN, NOK, SEK, CZK, AUD, CHF, JPY, CAD, HUF, RON, BGN, GEL, TRY, CNY, KZT, NZD, HKD, INR, ILS, MXN, ZAR, RSD, SGD, BYN, THB.
Payment Cards
A payment card can be ordered together with Checking Account.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • urgent SEPA transfers
  • other transfers
Pricing Plans
Checking Account is offered with several pricing plans for different customer groups, namely SEPA, non-SEPA, International.
SEPA

offered to: SEPA based

Free transfers between Paysera users
Favourable exchange rates
Global local and international transfers
Instant transfers (SEPA Instant)

Initial Fee 0.00 EUR
Monthly Fee 0.00 EUR
SEPA Outgoing 0.15 EUR
SWIFT Outgoing 7.00 EUR
non-SEPA

offered to: non-SEPA based

Free transfers between Paysera users
Favourable exchange rates
Global local and international transfers
Instant transfers (SEPA Instant)

Initial Fee 10.00 EUR
Monthly Fee 1.00 EUR
SEPA Outgoing 0.50 EUR
SWIFT Outgoing 7.00 EUR
International

offered to: international

Free transfers between Paysera users
Favourable exchange rates
Global local and international transfers
Instant transfers (SEPA Instant)

Initial Fee 100.00 EUR
Monthly Fee 10.00 EUR
SEPA Outgoing 5.15 EUR
SWIFT Outgoing 37.00 EUR
Product Name
Current Account
Freelancer
Start
Standard
Professional
Customer Groups
  • EEA, Switzerland
Payment Card
Currency
USD, GBP, EUR
and 26 more
Currency
Current Account is a multi-currency account, allowing the account holder to have funds in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.
Payment Cards
Revolut Business Card can be ordered together with Current Account.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • other transfers
Pricing Plans
Current Account is offered with several pricing plans for different customer groups, namely Freelancer, Start, Standard, Professional.
Freelancer

offered to: EEA, Switzerland

For personal freelance accounts with up to £100K incoming funds per month

Monthly Fee 6.99 GBP
Start

offered to: EEA, Switzerland

Less than £100K of incoming funds per month

Monthly Fee 25.00 GBP
Standard

offered to: EEA, Switzerland

From £100K to £1M of incoming funds per month

Monthly Fee 100.00 GBP
Professional

offered to: EEA, Switzerland

More than £1M of incoming funds per month

Monthly Fee 1000.00 GBP
Product Name
Business Account
Customer Groups
  • all countries *)
Payment Card
Currency
EUR, USD, GBP
and 4 more
Currency
Business Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, GBP, RUB, CNY, JPY, AED.
Payment Cards
Payment cards are not offered together with Business Account.
Personal IBAN
  • available for verified customers
  • appears automatically
Pricing Plans
Business Account is offered with a single pricing plan for all customers.
Business Account

offered to: all countries *)

Product Name
Current Account
EU
non-EU
Customer Groups
  • EU based
  • non-EU based
Payment Card
Currency
EUR, GBP, CHF
and 22 more
Currency
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
Satchelpay Business Card (MasterCard) can be ordered together with Current Account.
Personal IBAN
  • available for verified customers
  • purchased from 7,00 EUR per month
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • receiving SWIFT transfers
  • sending SWIFT transfers
EMI Banking Details Operations
  • other transfers
Pricing Plans
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
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
Product Name
IBAN Account
Category 1
Category 2
Category 3
Customer Groups
  • EEA based, low risk
  • EEA based, high risk; non-EEA based, low risk
  • non-EEA based, high risk
Payment Card
Currency
EUR, USD, AED
and 28 more
Currency
IBAN Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, GBP, HKD, HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, ZAR.
Payment Cards
A payment card can be ordered together with IBAN Account.
Personal IBAN
  • available for verified customers
  • appears automatically
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • sending SWIFT transfers
Pricing Plans
IBAN Account is offered with several pricing plans for different customer groups, namely Category 1, Category 2, Category 3.
Category 1

offered to: EEA based, low risk

Initial Fee 250.00 EUR
Monthly Fee 50.00 EUR
SEPA Outgoing 1.00 EUR
SEPA Incoming 1.00 EUR
SWIFT Outgoing 35.00 EUR
Category 2

offered to: EEA based, high risk; non-EEA based, low risk

Initial Fee 500.00 EUR
Monthly Fee 150.00 EUR
SEPA Outgoing 3.00 EUR
SEPA Incoming 3.00 EUR
SWIFT Outgoing 40.00 EUR
Category 3

offered to: non-EEA based, high risk

Initial Fee 750.00 EUR
Monthly Fee 250.00 EUR
SEPA Outgoing 5.00 EUR
SEPA Incoming 5.00 EUR
SWIFT Outgoing 50.00 EUR

EU stands for the European Union and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

SEPA stands for the Single Euro Payment Area and consists of Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.

See Also