Overview
Okeo Payments, at a glance.
Okeo Payments is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. The company behind Okeo Payments is Okeo Payments UAB. Business accounts cost from €15 a month. Opening an account takes 3–5 days. Representatives and beneficial owners must be citizens of the EEA, Switzerland, Ukraine or the UK; Okeo publishes no rule on where they live.
Okeo Payments UAB is an e-money institution licensed by the Bank of Lithuania (licence No. 71). Customer funds are kept separately from Okeo's own on a dedicated account at a commercial bank in the EU; the Lithuanian deposit guarantee scheme does not cover e-money.
Why businesses pick Okeo Payments
- Named IBANs in EUR, GBP, PLN and USD, up to 10, with your own number
- Free incoming SEPA on Essential; SEPA out €1
- Payments in 15 currencies, including CNY, HKD and SGD
- Published FX rates from 0.5% (PLN) to 0.9% (CNY, HKD, HUF, SGD) on Essential
- Companies from the EEA, Switzerland and the UK, most legal forms
Watch out for
- €25 company verification fee and €15 or €100 a month
- SWIFT top-ups cost €15 (Essential) or €25 (Plus)
- Owners and representatives must be citizens of the EEA, Switzerland, Ukraine or the UK
- No cards
- Trusts, foundations, charities, crypto, gambling and forex refused
Business fit
Will Okeo Payments 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 Okeo Payments's published rules
Likely fit
Okeo Payments lists both United Kingdom companies and Import and export as accepted.
Okeo Payments 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 Okeo Payments publishes about the businesses it takes on.
Who Okeo Payments serves
- Import and export
- E-commerce
- Professional services
- IT and software
- Holding companies
- Travel
Not supported
Industries and countries Okeo Payments does not accept, from its own published lists.
Industries
- Adult industry
- Human trafficking
- Weapons and munitions
- Drugs industry
- Extraction and trading in precious metals, stones, jewelry, fine art
- Trading of animal fur, bones and ivory
- Tobacco and alcohol
- Fake goods/counterfeit consumer products
- Chemicals and related products
- Auctions
- Crypto assets
- Multilevel marketing
- Streaming companies
- Video game arcades
- Casino (gambling sector)
- Unlicensed activities (business operating in breach of licensing requirements)
- Unregulated businesses (e.g., trading at Forex), etc.
Countries
- Not published
Coverage
Where can you use Okeo Payments?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
4 to hold, 15 to pay
Hold and receive · 4 currencies
- EUR
- USD
- GBP
- PLN
Pay out · 15 currencies
- EUR
- USD
- GBP
- CHF
- BGN
- CNY
- CZK
- DKK
- HKD
- HUF
- NOK
- PLN
- RON
- SEK
- SGD
Payment reach
Not published
Who can apply
Company incorporation countries32 countries · show list
- Austria
- Belgium
- Bulgaria
- Switzerland
- Cyprus
- Czechia
- Germany
- Denmark
- Estonia
- Spain
- Finland
- France
- United Kingdom
- Greece
- Croatia
- Hungary
- Ireland
- Iceland
- Italy
- Liechtenstein
- Lithuania
- Luxembourg
- Latvia
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Sweden
- Slovenia
- Slovakia
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private and public limited companies, LLPs and partnerships, Sole proprietorships
Pricing
What does Okeo Payments 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
€25
Monthly fee
€15–100
depends on plan
Essential
Lowest cost€15 per month
€25 setup · €205 in year one
Plus
€100 per month
€25 setup · €1,225 in year one
Bespoke
Custom
Transaction fees
| Cost | Essential | Plus | Bespoke | How it is charged |
|---|---|---|---|---|
| Incoming | ||||
| SEPA | Free | €1 | Not published | No charge |
| SWIFT / international | €15 | €25 | Not published | Fixed fee · Top-up in GBP, USD or EUR by SWIFT |
| Outgoing | ||||
| SEPA | €1 | €2.5 | Not published | Fixed fee |
| SWIFT / international | €7 | €17 | Not published | Fixed fee · Express payment in CHF, GBP, EUR or USD; CNY €15, HKD or SGD €22 |
Other fees
Currency exchange (FX)
| Cost | Essential | Plus | Bespoke | How it is charged |
|---|---|---|---|---|
| FX markup | 0.5% | 0.6% | Not published | Percentage of the amount · PLN 0.5%, CZK/GBP/USD 0.6%, CHF/DKK/NOK/SEK 0.75%, BGN/RON 0.8%, CNY/HKD/HUF/SGD 0.9% |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Join
Choose Join OKEO and the account type; verify your email and phone.
- 2
Identity
Verify your identity online.
- 3
Company
Give the business information and documents and verify the directors and owners.
- 4
Review
Okeo reviews the application, usually within 3 business days of receiving everything.
Documents you need
Not published
FAQ
Your questions, answered.
Is Okeo a bank?
No. Okeo Payments UAB is an e-money institution licensed by the Bank of Lithuania (LB001991, licence No. 71). Funds are safeguarded at an EU commercial bank, not covered by deposit guarantee.
How much does Okeo cost?
€25 for company verification, then Essential €15 or Plus €100 a month. On Essential, incoming SEPA is free, outgoing SEPA €1, SWIFT express payments €7 and SWIFT top-ups €15; FX costs 0.5% to 0.9% by currency.
Which companies can open an account?
Companies registered in the EEA, Switzerland or the UK: private and public limited companies, LLPs, partnerships and sole proprietorships. Representatives and owners must be citizens of the EEA, Switzerland, Ukraine or the UK. Trusts, foundations, charities, associations and public institutions are not served.
Which industries does Okeo refuse?
Adult, weapons, drugs, precious metals and stones, fur and ivory, tobacco and alcohol, counterfeit goods, chemicals, auctions, crypto, MLM, streaming, video-game arcades, casinos and gambling, unlicensed and unregulated businesses such as forex trading.
Alternatives
How Okeo Payments compares.
If Okeo Payments is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Okeo PaymentsThis pageE-money institution |  | Named IBANMulti-currency |
 PayseraE-money institution |  | Low fees16 support languages |
 GenomeE-money institution | | Published pricesVisa cards |
 Wise BusinessE-money institution |   | Low FX costsStandard businesses |
 Revolut BusinessBank | | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.