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 Wise Coop Wamo.io Payhawk
  Visit Payoneer Visit LHV Visit Paysera Visit Wise Visit Coop Visit Wamo.io Visit Payhawk
Authorized Payment Institution              
Credit institution                
Main Office(s)

US

Estonia Lithuania UK Estonia

Malta & UK

UK
IBAN
Receiving bank details

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

Estonian Lithuanian EU(BE), GBP, USD, AUD, NZD, SGD

Estonian

Estonian IBAN, LHV Bank and GB IBAN for GBP and EUR  Estonian
Supported currencies

150+ currencies

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

30+ currencies 52+ currencies EUR, DKK, SEK, NOK

EUR, GBP

EUR, GBP, USD, BGN

Availability              
  Payoneer LHV Paysera Wise Coop Wamo.io Payhawk
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

e-resident

Strong business plan

Entrepreneur background

Strong connection with Estonia

Physical identification

OÜ registered

e-resident

Strong business plan

Entrepreneur background

Use of service provider for application beneficial

Companies registered within EEA

FATF countries       Available for Bahamas, Botswana, Cambodia, Ghana, Iceland, Mongolia, Pakistan, Panama, Trinidad and Tobago and Zimbabwe      
Restrictions to applicant

According to Payoneer Terms and Conditions

People subject to FATCA reporting requirements

According to Limitations to e-money redemption

According to Wise Acceptable Use Policy 

Accepting only EU countries

FATCA (American citizens)

FATF high-risk countries

No restrictions
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 Wise Acceptable Use Policy  See website here and here  According to Wamo Terms and Conditions See Payhawk Terms of Use
Personal account with business account              
Application process              
  Payoneer LHV Paysera Wise Coop Wamo.io Payhawk
Online              
Processing time Up to 2 days 10-14 days 5 working hours In general 0-2 working days 3 working days Same day Within 24 hours
Services               
  Payoneer LHV Paysera Wise Coop Wamo.io Payhawk
BIC/SWIFT              
SEPA payments Free Free

Yes

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

Credit card

Debit card

Debit card Debit card
Mobile application              
Share capital contribution                
Fees               
  Payoneer LHV Paysera Wise Coop Wamo.io Payhawk
Account opening fee Free See website Free Free 200-500€ 99.99€ Free
Monthly subscription No monthly fee 20€ No monthly fee No monthly fee Starting from 20€ Starting from 19.99€ Starting from 90€
Transactions See website See website See website See website Free of charge (corporate plan) See website See website
Currency conversion inside the account 0.5% of transaction amount 1% of transaction amount no charge See website Yes Yes 0.9% of transaction amount
ATM withdrawal Up to 3.5% See website See website See website Yes 1.99€ per withdrawal 2€  per withdrawal
Support for payment gateways & integration with other platforms                

 

How is your money kept safe?

PayoneerLHVPayseraWiseCoopWamoPayhawk
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.
 

 

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