Overview
European Merchant Bank, at a glance.
European Merchant Bank is a bank headquartered in Lithuania, regulated by Bank of Lithuania. Business accounts cost from €0 a month. Opening an account takes 2 business days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
European Merchant Bank UAB is a licensed specialised bank supervised by the Bank of Lithuania.
Why businesses pick European Merchant Bank
- A licensed bank in Lithuania, inside the euro area
- Free account and free opening for Lithuanian companies, with SEPA transfers at €0.40
- Accepts companies registered outside Lithuania and owners who live abroad
- Banks fintechs, payment institutions and e-money institutions, with safeguarding accounts
- Instant SEPA payments and SWIFT in euro and other currencies
- Accounts usually open in 2 business days
Watch out for
- Companies registered outside Lithuania pay at least €3,000 to open and at least €250 a month
- Each owner living outside Lithuania costs €300 to verify, or €500 if outside the EU
- SWIFT payments cost €40 to send and €30 to receive for companies outside Lithuania
- Higher-risk Lithuanian customers pay €50 a month
- Accepted countries, cards and prohibited industries are not published
Business fit
Will European Merchant Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on European Merchant Bank's published rules
Needs review
European Merchant Bank works with Financial institutions, but does not publish the countries it accepts companies from.
European Merchant Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What European Merchant Bank publishes about the businesses it takes on.
Who European Merchant Bank serves
- Financial institutions
- Startups and SMEs
- Import and export
Not supported
Industries and countries European Merchant Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use European Merchant Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR account
SWIFT payments can be sent and received in other currencies.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Legal entities, Self-employed people (Lithuania), Financial institutions
Pricing
What does European Merchant Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From €0
depends on plan
Monthly fee
€0–250
depends on plan
Companies in Lithuania
Lowest cost€0 per month
€0 setup · €0 in year one
Companies outside Lithuania and financial institutions
€250 per month
€3,000 setup · €6,000 in year one
Transaction fees
| Cost | Companies in Lithuania | Companies outside Lithuania and financial institutions | How it is charged |
|---|---|---|---|
| Incoming | |||
| SEPA | Free | Free | No charge |
| SWIFT / international | €20 | €30 | Fixed fee |
| Outgoing | |||
| SEPA | €0.4 | €2 | Fixed fee |
| SEPA Instant | €0.4 | €2 | Fixed fee |
| SWIFT / international | €8–25 | €40 | Fixed fee; varies by plan · €8 in euro to Europe, €14 in euro elsewhere, €25 in other currencies |
Other fees
Onboarding
From application to live account.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is European Merchant Bank a bank?
Yes. European Merchant Bank UAB, known as EMBank, holds a specialised bank licence from the Bank of Lithuania, number LB000485.
How much does an EMBank business account cost?
For Lithuanian companies opening and the monthly fee are free, and a SEPA transfer costs €0.40. Companies registered outside Lithuania and financial institutions pay at least €3,000 to open and at least €250 a month, with SEPA transfers at €2 and SWIFT payments at €40.
Can a company outside Lithuania open an account?
Yes. EMBank has a separate price list for companies not incorporated in Lithuania and for financial institutions. Owners who live outside Lithuania are also accepted, with a verification fee per owner.
How long does it take to open an account?
EMBank says accounts usually open in 2 business days. All account openings are handled online.
Alternatives
How European Merchant Bank compares.
If European Merchant Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 European Merchant BankThis pageBank |  | Fintech bankingNon-residents accepted |
 ConnectPayE-money institution | | 80+ currenciesOnline businesses |
 PayseraE-money institution |  | Low fees16 support languages |
 BankeraPayment account provider | Not published | Crypto-friendlyHigh-risk industries |
 MistertangoE-money institution | | Non-residents acceptedHigh-risk industries |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.