Banking comparison

For a complete overview of the options for consideration when choosing a banking or fin-tech 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 the service providers in our Marketplace. As always, be sure to visit their individual websites directly for the latest information.

  Payoneer LHV Paysera Transferwise Stripe Xolo
  Visit Payoneer Visit LHV Visit Paysera Visit Transferwise Visit Stripe Visit Xolo
Authorized Payment Institution            
Credit institution            
Main Office(s)

US

Estonia Lithuania UK US Estonia
IBAN
Receiving bank details

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

Estonian Lithuanian EUR (BE), GBP, USD, AUD, NZD, PLN

DK, DE

See website

DE

Supported currencies

150+

currencies

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

30+ currencies 52+ currencies 135+ currencies EUR
Availability            
  Payoneer LHV Paysera Transferwise Stripe Xolo 
Basic criteria Existing bank account to verify account

e-resident

OÜ registered

Business Plan

OÜ registered

KYC questionnaire

OÜ registered

A physical address of the business owner

OÜ registered

See criteria here

and here

OÜ registered with Xolo

FATF countries       Available for Bahamas, Botswana, Cambodia, Ghana, Iceland, Mongolia, Pakistan, Panama, Trinidad and Tobago and Zimbabwe   Unsupported countries: Afghanistan, Iraq, Iran, Myanmar, North Korea, Sudan, Syria, Uganda, Yemen
Restrictions to applicant

According to Payoneer Terms and Conditions

People subject to FATCA reporting requirements

According to Limitations to e-money redemption

According to TransferWise Acceptable Use Policy 

See website See website
Restrictions to business activity According to Payoneer Terms and Conditions According to General Conditions of AS LHV Pank According to General Payment Service Agreement for Business According to TransferWise Acceptable Use Policy  See website See website
Personal account with business account            
  Payoneer LHV Paysera Transferwise Stripe Xolo
Online            
Processing time Up to 2 days 10-14 days 5 working hours In general 0-2 working days Sign up instantly 24-48 hours
Services             
  Payoneer LHV Paysera Transferwise Stripe Xolo
BIC/SWIFT            
SEPA payments Free Free

Yes

Yes Yes Yes
International payments            
Multiple user accounts            
Credit/debit card/pre-paid Prepaid Mastercard Business Debit Mastercard Business Debit VISA Business Debit Mastercard In progress Business Debit Mastercard
Mobile application            
Share capital contribution Confirm with your account manager            
Fees             
  Payoneer LHV Paysera Transferwise Stripe Xolo
Account opening fee Free See website Free Free Free Included in monthly fee
Monthly subscription No monthly fee 20€ No monthly fee No monthly fee No monthly fee Included in monthly fee
Transactions See website See website See website See website See website Included in monthly fee
Currency conversion inside the account 0.5% of transaction amount 1% of transaction amount no charge See website See website N/A
ATM withdrawal Up to 3.5% See website See website See website N/A 6€
Support for payment gateways & integration with other platforms            

 

How is your money kept safe?

PayoneerLHVPayseraTransferwiseStripeXolo
Payoneer in EU is a licensed e-money issuer and authorized payment institution with the Financial Services Commission of Gibraltar. In the United States, Payoneer is a Registered Money Service Business with U.S. Department of the Treasury FinCEN and licensed money transmitter in 49 U.S. states. In Hong Kong Payoneer is a Licensed Money Service Operator with Hong Kong Customs and Excise Department. In Canada, Payoneer is a Registered Money Service Business with FinTRAC. In Australia, they are licensed by the Australian Securities and Investment Commission. Government-sponsored guarantees or insurance does not apply to funds held in connection with the Payoneer services. However, Payoneer strictly adheres to applicable safeguarding requirements which are designed to ensure the safety and liquidity of funds held on behalf of customers.
 

 

Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request