Banking comparison

For a complete overview of the options for consideration when choosing a banking or fintech service for your company, please first visit our e-Residency Banking Basics overview.

The e-Residency programme is committed to helping e-residents access a broad range of business banking and other financial tools. We are constantly gathering feedback from the e-Residency community and working with the private sector to identify the best solutions. Below you'll find a reference guide for the current list of services we've identified and established communication with in our Marketplace. As always, be sure to visit their individual websites directly for the latest information.

  Holvi Payoneer LHV
  Visit Holvi Visit Payoneer Visit LHV
Authorized Payment Institution      
Credit institution      
Main Office(s) Finland

US

Estonia
IBAN
Receiving bank details
Finnish

USD, GBP, EUR, CAD, AUD, MXP, JPY

Estonian
Supported currencies

EUR

 

150+

currencies

AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, JPY, NOK, PLN, RUB, SEK

Availability       
  Holvi Payoneer LHV
Basic criteria

e-resident

OÜ registered

Existing bank account to verify account

e-resident

OÜ registered

Business Plan

FATF countries      
Restrictions to applicant

American citizens/people subject to FATCA reporting requirements

According to Payoneer Terms and Conditions

People subject to FATCA reporting requirements

Restrictions to business activity

According to

Acceptable Use Policy for restrictions.

According to Payoneer Terms and Conditions According to General Conditions of AS LHV Pank
Personal account with business account      
 Application process       
  Holvi Payoneer LHV
Online      
Processing time 2-3 days Up to 2 days 10-14 days
Services       
  Holvi Payoneer LHV
BIC/SWIFT      
SEPA payments

Depending on plan.

Free Free
International payments      
Multiple user accounts      
Credit/debit card/pre-paid

Business  Debit Mastercard

Prepaid Mastercard Business Debit Mastercard
Mobile application      
Share capital contribution   Confirm with your account manager  
  Fees      
  Holvi Payoneer LHV
Account opening fee Free Free See website
Monthly subscription 9 - 98€
Review plans
No monthly fee 20€
Transactions See website See website See website
Currency conversion inside the account N/A 0.5% of transaction amount 1% of transaction amount
ATM withdrawal See website Up to 3.5% See website
Support for payment gateways & integration with other platforms      

 

How is your money kept safe?

HolviPayoneerLHV
Holvi is regulated and supervised by the Finnish Financial Supervisory Authority (FIN-FSA). They are a subject applicable to Finnish, EU and international anti-money laundering (AML) laws and regulations. Read more. As per the EU Payment Services Directive (2007/64/EC) and the Finnish Payment Institutions Act, Holvi customer funds are kept segregated from Holvi company funds. Deposits are not covered by any guarantee fund or compensation scheme because customer funds are segregated from Holvi funds. Read more.
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