UAB Seven Seas Europe

UAB Seven Seas Europe Logo
Business Focus
facilitating payments between Europe and China

UAB Seven Seas Europe is an electronic money institution focused on facilitating payments between Europe and China. UAB Seven Seas Europe offers personal virtual accounts with IBAN, business virtual accounts with IBAN, SEPA transfers, SWIFT transfers, currency exchange to individuals, businesses. In 2019 UAB Seven Seas Europe had total customer funds to be safeguarded of 1.69 mln EUR, UAB Seven Seas Europe generated gross profit of 97,000.00 EUR. Incorporated in Lithuania, UAB Seven Seas Europe is authorized and regulated by the Bank of Lithuania.

Products
  • personal virtual accounts with IBAN
  • business virtual accounts with IBAN
Services
  • SEPA transfers
  • SWIFT transfers
  • currency exchange
Clients
  • individuals
  • businesses

Personal Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
EEA residents
non-EEA residents
Pricing Plans
EEA
non-EEA
Payment Cards

Payment cards are not offered together with Personal Account.

Personal IBAN vs EMI Banking Details
While Seven Seas Europe uses an account holder's personal IBAN for some operations, Seven Seas Europe's own banking details are used for the others.

Pricing Plans

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

  • EEA
  • offered to: EEA residents
  • Initial Fee 50.00 EUR
  • Monthly Fee 1.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 25.00 EUR
  • SWIFT Incoming 0.00 EUR
  • non-EEA
  • offered to: non-EEA residents
  • Initial Fee 50.00 EUR
  • Monthly Fee 1.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 25.00 EUR
  • SWIFT Incoming 0.00 EUR

Alternatives to Seven Seas Europe Personal Account

See Also

Business Account

Business Account
Payment Cards
physical
virtual
Personal IBAN
available
Customer Groups
EEA based
non-EEA based
Pricing Plans
EEA
non-EEA
Payment Cards

Payment cards are not offered together with Business Account.

Personal IBAN vs EMI Banking Details
While Seven Seas Europe uses an account holder's personal IBAN for some operations, Seven Seas Europe's own banking details are used for the others.

Pricing Plans

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

  • EEA
  • offered to: EEA based
  • Initial Fee 100.00 EUR
  • Monthly Fee 5.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 25.00 EUR
  • SWIFT Incoming 0.00 EUR
  • non-EEA
  • offered to: non-EEA based
  • Initial Fee 100.00 EUR
  • Monthly Fee 5.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 25.00 EUR
  • SWIFT Incoming 0.00 EUR

Alternatives to Seven Seas Europe Business Account

See Also

Operations with Cryptocurrencies

No

Seven Seas Europe do not conduct operations with cryptocurrencies.

See Also

Financial Highlights

Customer Funds (2019)
1.69 mln EUR  (+1,011.84%)
Gross Profit (2019)
97,000.00 EUR  (+36.62%)
Total Equity (2019)
512,000.00 EUR  (+27.36%)

Company Details

Country of Registration
LTLithuania
Company Number
304632897
BIC
SESOLT21
Authorized By
Bank of Lithuania
Authorization Number
LB000437
Authorization Granted
21 December 2017
Authorized Activities
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions

UAB Seven Seas Europe is authorized by the Bank of Lithuania (authorization number LB000437) for execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 21 December 2017.

EEA Passport
Yes
Deposit Guarantee
No

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

Membership
SWIFT
SEPA

UAB Seven Seas Europe is a SWIFT member and a SEPA (SCT) scheme participant.

See Also

Contacts

Vilniaus m. sav. Vilniaus m. Olimpiečių g. 1-5, 09235, Vilnius, Lithuania
Website Languages
GBEnglish
CNChinese

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See Also