IBANERA - any reviews ?

tomboy

New Member
surfing the web, found Home - Ibanera

Ibanera operates under UAB Phoenix Payments, a company registered in Lithuania (a European Union member state) with company code 304920426 and with registered address at Mesiniu g. 5, Vilnius, Lithuania. UAB Phoenix Payment is an Electronic Money Institution (EMI license No. 40) authorised and regulated by the Bank of Lithuania (BoL). BoL is subject to regulation of the European Central Bank. View our license here

EMI from lithuania, did anyone use it? any review ?
 

Wesker

New Member
Many EMIs are from Lithuania.

It seems to be easy to get a license there.

I’ll try them out.
 

Wesker

New Member
I thought they had an app to open the account.

They don’t so I’ll try to find some reviews before going ahead.
 

Nyep

Trusted Member
Business Angel
They only received their license 8 months ago. Fees are pretty bad.
In their category 2 (non-EEA companies or higher risk EEA companies):

€500 to open an account
Up to 0.08% for a SEPA transfer
Up to 0.35% for a SWIFT transfer
€150/mo to "maintain" an account
€500/mo to "maintain" an inactive account
€500 to close an account
€2000 if any requested documents aren't provided by a deadline they determine
 

TurnedToRobot

Trusted Member
Business Angel
Just another one out of many. Nothing that let them stick out.
 

tomboy

New Member
They only received their license 8 months ago. Fees are pretty bad.
In their category 2 (non-EEA companies or higher risk EEA companies):

€500 to open an account
Up to 0.08% for a SEPA transfer
Up to 0.35% for a SWIFT transfer
€150/mo to "maintain" an account
€500/mo to "maintain" an inactive account
€500 to close an account
€2000 if any requested documents aren't provided by a deadline they determine
insanely stupid fee
 

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