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
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

Personal Current Account

Currency
EUR, USD, GBP
and 26 more
Payment Cards
physical
virtual
Personal IBAN
available (LT IBAN)
UK Account Number
not available
Customer Groups
EU residents
non-EU residents
Pricing Plans
EU
non-EU
Currency
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.
Payment Cards
IBS Personal Card (MasterCard) can be ordered together with Personal Current Account. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
IBAN Countries
Personal IBANs assigned to Personal Current Account belong to Lithuania.
Personal IBAN vs EMI Banking Details
While IBS Lithuania uses an account holder's personal IBAN for some operations, IBS Lithuania's own banking details are used for the others.
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
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

Opening 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


See Also

Business Current Account

Currency
EUR, USD, GBP
and 26 more
Payment Cards
physical
virtual
Personal IBAN
available (LT IBAN)
Customer Groups
EU based
non-EU based
Pricing Plans
EU
non-EU
Currency
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.
Payment Cards
IBS Personal Card (MasterCard) can be ordered together with Business Current Account. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
IBAN Countries
Personal IBANs assigned to Business Current Account belong to Lithuania.
Personal IBAN vs EMI Banking Details
While IBS Lithuania uses an account holder's personal IBAN for some operations, IBS Lithuania's own banking details are used for the others.
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
Business 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
  • 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

Opening 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


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.

Membership
SWIFT
SEPA

UAB IBS Lithuania is a SWIFT member and a SEPA scheme participant.

See Also

Contacts

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

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See Also