UAB IBS Lithuania

Business Focus
digital banking services between Europe and China

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 (coming soon) to private individuals, international businesses, financial institutions, merchants. Incorporated in Lithuania, UAB IBS Lithuania is authorized and regulated by the Bank of Lithuania.

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

Account Opening

Compared to traditional banks, electronic money institutions offer simple, fast and transparent account opening procedures. IBS Lithuania offers the following account opening options:

Business Account

1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Upload your corporate KYC document package
5.
Account is ready to use in up to 3 business days


Personal Account

1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Account is ready to use in a few minutes


Personal Accounts with IBAN

IBS Lithuania offers the following personal accounts with IBAN:

Product Name
Current Account (LT IBAN)
EU
non-EU
Customer Group
all countries
Payment Cards
physical
virtual
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. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
IBAN Countries
Personal IBANs assigned to Current Account belong to Lithuania.
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 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
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

See Also

Business Accounts with IBAN

IBS Lithuania offers the following business accounts with IBAN:

Product Name
Current Account (LT IBAN)
EU
non-EU
Customer Group
all countries
Payment Cards
physical
virtual
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. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
IBAN Countries
Personal IBANs assigned to Current Account belong to Lithuania.
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

See Also

Operations with Cryptocurrencies

No

IBS Lithuania do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
Lithuania
Company Number
304310405
BIC
IBIULT21
Authorized By
Bank of Lithuania
Authorization Number
LB000404
Authorization Granted
29 March 2017
Authorized Activities
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions
  • money remittance

UAB IBS Lithuania is authorized by the Bank of Lithuania (authorization number LB000404) for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, money remittance. The authorization was granted on 29 March 2017.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules UAB IBS Lithuania, can conduct its activities in any of the 31 EEA member states. UAB IBS Lithuania do not participate in deposit guarantee schemes.

See Also

Contacts

Sporto str. 18, 09238, Vilnius, Lithuania
+370 (520) 58 111
Website Languages
English

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See Also