Overview
ibsettle, at a glance.
ibsettle is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. The company behind ibsettle is UAB IBS Lithuania. Business accounts cost from €10 a month. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
ibsettle is an e-money institution: the account holds e-money, not a bank deposit, and no deposit insurance applies. Its terms do not describe how client money is safeguarded.
Why businesses pick ibsettle
- IBAN in your company's own name
- Opened fully online, with remote identification
- Takes companies from outside the EEA, at a higher price tier
- Published price list for each type of client
- Licensed gambling, crypto and trusts considered with pre-approval
Watch out for
- €50 a month and €500 to apply for companies outside the EEA
- International transfers cost at least €20, and €50 out for non-EEA companies
- Balances above an average €50,000 a month are charged 0.05% a month
- Companies from 47 countries refused, including Morocco, Pakistan, Kenya and Jordan
- Trustpilot score of 3.1 from 5 reviews
Business fit
Will ibsettle 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 ibsettle's published rules
Likely fit
ibsettle lists both United Kingdom companies and International businesses needing EUR/SEPA payments as accepted.
ibsettle 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 ibsettle publishes about the businesses it takes on.
Who ibsettle serves
- Import and export
- E-commerce
- Startups and SMEs
All 4 industries on ibsettle's accepted list
- International businesses needing EUR/SEPA payments
- Businesses needing named IBANs and multi-currency balances
- Companies making international bank transfers
- Businesses needing currency exchange and account statements
Not supported
Industries and countries ibsettle does not accept, from its own published lists.
Industries
- Weapons, defense, military, explosives and semi-military goods/services
- Atomic power
- Auction houses and penny auctions
- Bearer corporations
- Binary options and prohibited or unlicensed financial trading
- Carbon credits
- Child pornography, prostitution and escort services
- Cultural artefacts, ivory and protected species
- Scrap metal
- Sanctioned jurisdictions or UBOs and terrorism supporters
- Drug paraphernalia
- Extractive industries including trading
- UN/EU-sanctioned groups and persons
- Major-offence sanctioned clients
- Illegal or counterfeit goods
- Marijuana and narcotics
- Non-financial institutions providing foreign currency, money orders or traveller’s cheques
- Non-regulated non-profit and non-government organisations
- Shell banks and shelf companies
- Pawnbrokers
- Pseudo-pharmaceuticals, nutraceuticals, supplements, smart drugs/nootropics
- Political groups, associations, embassies and consulates
- Ponzi/pyramid schemes
- Unauthorised multi-level marketing and get-rich-quick schemes
- Unlicensed financial institutions
- Unlicensed gambling/gaming including online gambling and betting
- Unregistered charities
- Rough diamonds
Countries
- Afghanistan · owners
- American Samoa · owners
- Mali · owners
- Belarus · owners
- Morocco · owners
- Mozambique · owners
- Burkina Faso · owners
- Myanmar (Burma) · owners
- Burundi · owners
- Nicaragua · owners
- Cambodia · owners
- Niger · owners
- Central African Republic · owners
- North Korea · owners
- Pakistan · owners
- Cuba · owners
- Palau · owners
- Congo - Kinshasa · owners
- Russia · owners
- Samoa · owners
- Eritrea · owners
- Senegal · owners
- Ethiopia · owners
- Somalia · owners
- Guam · owners
- South Sudan · owners
- Guatemala · owners
- Sudan · owners
- Guinea · owners
- Syria · owners
- Guinea-Bissau · owners
- Tanzania · owners
- Haiti · owners
- Iran · owners
- U.S. Virgin Islands · owners
- Iraq · owners
- Uganda · owners
- Jordan · owners
- Vanuatu · owners
- Kenya · owners
- Venezuela · owners
- Lebanon · owners
- Yemen · owners
- Libya · owners
- Zimbabwe · owners
- Bosnia & Herzegovina · owners
- Trinidad & Tobago · owners
- Afghanistan · company or owners
- American Samoa · company or owners
- Mali · company or owners
- Belarus · company or owners
- Morocco · company or owners
- Mozambique · company or owners
- Burkina Faso · company or owners
- Myanmar (Burma) · company or owners
- Burundi · company or owners
- Nicaragua · company or owners
- Cambodia · company or owners
- Niger · company or owners
- Central African Republic · company or owners
- North Korea · company or owners
- Pakistan · company or owners
- Cuba · company or owners
- Palau · company or owners
- Congo - Kinshasa · company or owners
- Russia · company or owners
- Samoa · company or owners
- Eritrea · company or owners
- Senegal · company or owners
- Ethiopia · company or owners
- Somalia · company or owners
- Guam · company or owners
- South Sudan · company or owners
- Guatemala · company or owners
- Sudan · company or owners
- Guinea · company or owners
- Syria · company or owners
- Guinea-Bissau · company or owners
- Tanzania · company or owners
- Haiti · company or owners
- Iran · company or owners
- U.S. Virgin Islands · company or owners
- Iraq · company or owners
- Uganda · company or owners
- Jordan · company or owners
- Vanuatu · company or owners
- Kenya · company or owners
- Venezuela · company or owners
- Lebanon · company or owners
- Yemen · company or owners
- Libya · company or owners
- Zimbabwe · company or owners
- Bosnia & Herzegovina · company or owners
- Trinidad & Tobago · company or owners
Coverage
Where can you use ibsettle?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
20+ currencies
EUR across Europe and about 20 currencies worldwide; the full list is not published.
Payment reach
Not published
Who can apply
Company incorporation countries203 countries · show list
- Åland Islands
- Albania
- Algeria
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- Cook Islands
- Costa Rica
- Côte d’Ivoire
- Croatia
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Estonia
- Eswatini
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guernsey
- Guyana
- Heard & McDonald Islands
- Honduras
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Kazakhstan
- Kiribati
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Palestinian Territories
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Georgia & South Sandwich Islands
- South Korea
- Spain
- Sri Lanka
- St. Barthélemy
- St. Helena
- St. Kitts & Nevis
- St. Lucia
- St. Martin
- St. Pierre & Miquelon
- St. Vincent & Grenadines
- Suriname
- Svalbard & Jan Mayen
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Tunisia
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vatican City
- Vietnam
- Wallis & Futuna
- Western Sahara
- Zambia
Owner nationality and residency203 countries · show list
- Åland Islands
- Albania
- Algeria
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- Cook Islands
- Costa Rica
- Côte d’Ivoire
- Croatia
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Estonia
- Eswatini
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guernsey
- Guyana
- Heard & McDonald Islands
- Honduras
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Kazakhstan
- Kiribati
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Palestinian Territories
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Georgia & South Sandwich Islands
- South Korea
- Spain
- Sri Lanka
- St. Barthélemy
- St. Helena
- St. Kitts & Nevis
- St. Lucia
- St. Martin
- St. Pierre & Miquelon
- St. Vincent & Grenadines
- Suriname
- Svalbard & Jan Mayen
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Tunisia
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vatican City
- Vietnam
- Wallis & Futuna
- Western Sahara
- Zambia
Company types
Legal entities (no sole traders); trusts and foundations only with pre-approval
Pricing
What does ibsettle 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 €50
depends on plan
Monthly fee
€10–200
depends on plan
Lithuanian residents
Lowest cost€10 per month
€50 setup · €170 in year one
EEA residents
€30 per month
€200 setup · €560 in year one
International
€50 per month
€500 setup · €1,100 in year one
Compliance intensive
€200 per month
€1,000 setup · €3,400 in year one
Transaction fees
| Cost | Lithuanian residents | EEA residents | International | Compliance intensive | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| SEPA | Free | €1 | €5 | 0.1%, min €5 | No charge |
| SWIFT / international | 0.1%, min €20 | 0.1%, min €20 | 0.15%, min €30 | 0.3%, min €30 | Percentage, with a minimum charge |
| Outgoing | |||||
| SEPA | €2 | €2 | 0.04%, min €5 | 0.2%, min €5 | Fixed fee |
| SWIFT / international | 0.1%, min €20 | 0.1%, min €20 | 0.15%, min €50 | 0.5%, min €70 | Percentage, with a minimum charge |
| To another ibsettle account | Free | Free | Free | Free | No charge |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Live rate shown during the exchange |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Start online
Begin onboarding on ibsettle.com and complete remote identification.
- 2
Application
Fill in the application form and upload the business and owner documents.
- 3
Review
ibsettle checks the company; it may ask for notarised, apostilled or translated copies.
- 4
Account live
Once approved, the account and its IBAN are opened.
Documents you need
Not published
FAQ
Your questions, answered.
Is ibsettle licensed?
Yes. UAB IBS Lithuania holds an e-money institution licence (No. 10, authorisation LB000404) from the Bank of Lithuania. It is not a bank; balances are e-money.
How much does ibsettle cost?
It depends on the client category: Lithuanian residents pay €50 to apply and €10 a month, EEA residents €200 and €30, international clients €500 and €50, and compliance-intensive clients €1,000 and €200. SEPA out costs €2 for Lithuanian and EEA clients.
Can a company outside the EU open an ibsettle account?
Yes, in the International category, unless the company or its owners are from one of the 47 countries ibsettle refuses.
Which countries does ibsettle refuse?
Its list includes Afghanistan, Belarus, Bosnia and Herzegovina, Cambodia, Cuba, Guatemala, Iran, Iraq, Jordan, Kenya, Lebanon, Morocco, Myanmar, North Korea, Pakistan, Russia, Senegal, Syria, Tanzania, Trinidad and Tobago, Uganda, Venezuela, Yemen, Zimbabwe, Crimea and the Donetsk and Luhansk regions.
Alternatives
How ibsettle compares.
If ibsettle is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ibsettleThis pageE-money institution |  | Named IBANNon-residents accepted |
 PayseraE-money institution |  | Low fees16 support languages |
 ConnectPayE-money institution | | 80+ currenciesOnline businesses |
 WallterE-money institution | | High-risk industriesCrypto-friendly |
 FinciE-money institution | | Fast openingMastercard cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.