Verified Payments, UAB

Business Focus
providing IBAN accounts

Verified Payments, UAB is an electronic money institution focused on providing IBAN accounts. Verified Payments, UAB offers personal accounts with IBAN, business accounts with IBAN to individuals, companies. Incorporated in Lithuania, Verified Payments, UAB is authorized and regulated by the Bank of Lithuania.

Products
  • personal accounts with IBAN
  • business accounts with IBAN
Clients
  • individuals
  • companies

Area Served

Worldwide

Personal Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
EEA residents
non-EEA residents
Pricing Plans
Standard
Standard+
Payment Cards
Payment cards are not offered together with Personal Account.
Personal IBAN vs EMI Banking Details
While Verified Payments, uses an account holder's personal IBAN for some operations, Verified Payments,'s own banking details are used for the others.
Pricing Plans
Personal Account is offered with several pricing plans for different customer groups, namely Standard, Standard+.
  • Standard
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 1.99 EUR
  • SEPA Outgoing 0.39 EUR
  • SEPA Incoming 0.00 EUR
  • Standard+
  • offered to: non-EEA residents
  • Initial Fee 49.99 EUR
  • Monthly Fee 29.99 EUR
  • SEPA Outgoing 1.99 EUR
  • SEPA Incoming 0.99 EUR

Alternatives to Verified Payments, Personal Account

See Also

Business Account

Payment Cards
physical
virtual
Personal IBAN
available
Customer Groups
standard risk
high risk
very high risk
brokers and funds
Pricing Plans
Standard
High
Very High
Pooled Accounts
Payment Cards
Payment cards are not offered together with Business Account.
Personal IBAN vs EMI Banking Details
While Verified Payments, uses an account holder's personal IBAN for some operations, Verified Payments,'s own banking details are used for the others.
Pricing Plans
Business Account is offered with several pricing plans for different customer groups, namely Standard, High, Very High, Pooled Accounts.
  • Standard
  • offered to: standard risk
  • Initial Fee 50.00 EUR
  • Monthly Fee 10.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 0.00 EUR
  • High
  • offered to: high risk
  • Initial Fee 300.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 2.00 EUR
  • SEPA Incoming 1.00 EUR
  • Very High
  • offered to: very high risk
  • Initial Fee 800.00 EUR
  • Monthly Fee 200.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 5.00 EUR
  • Pooled Accounts
  • offered to: brokers and funds
  • Initial Fee 1500.00 EUR
  • Monthly Fee 300.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 5.00 EUR

Alternatives to Verified Payments, Business Account

See Also

Operations with Cryptocurrencies

No

Verified Payments, do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
Lithuania
Company Number
304576936
BIC
VEPALT21
Authorized By
Bank of Lithuania
Authorization Number
LB000446
Authorization Granted
13 February 2018
Authorized Activities
  • issuance of electronic money
  • refund of electronic money
  • 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)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions
  • money remittance

Verified Payments, UAB is authorized by the Bank of Lithuania (authorization number LB000446) for issuance of electronic money, refund of electronic money, 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), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance. The authorization was granted on 13 February 2018.

EEA Passport
Yes
Deposit Guarantee
No

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

Membership
SWIFT

Verified Payments, UAB is a SWIFT member.

See Also

Contacts

Vilniaus m. sav. Vilniaus m. Gedimino pr. 20, 01103, Vilnius, Lithuania
Website Languages
English

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See Also