Overview
Walletto, at a glance.
Walletto is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. The business account has no monthly fee. Opening an account takes 3–5 days.
E-money is not a deposit. It is safeguarded by segregation at a credit institution or central bank, or in secure low-risk assets; no deposit guarantee applies.
Why businesses pick Walletto
- The Standard plan has no monthly fee, no opening fee and free SEPA payments
- A corporate IBAN in your company's name
- Open to self-employed people as well as companies
- Mastercard cards and card acquiring from the same provider
Watch out for
- The Bank of Lithuania fined Walletto €290,000 on 14 April 2026 for breaches of anti-money-laundering and e-money rules
- Confirm its current regulatory standing with Walletto and on the Bank of Lithuania register before applying
- The Advanced plan charges €1,000 to apply, €20 plus 0.5% on outgoing SEPA payments and 0.5% a year on balances
- Euro only
- Card spending in other currencies costs 3%
- Companies outside the EEA are served only when they approach Walletto themselves
Business fit
Will Walletto 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 Walletto's published rules
Needs review
Walletto works with Businesses needing corporate IBANs, but does not publish the countries it accepts companies from.
Walletto 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 Walletto publishes about the businesses it takes on.
Who Walletto serves
- E-commerce
- Marketplaces
- Affiliate marketing
- Startups and SMEs
All 5 industries on Walletto's accepted list
- Businesses needing corporate IBANs
- E-commerce
- Marketplaces
- Affiliate/payment businesses
- Companies needing card issuing and acquiring
Not supported
Industries and countries Walletto does not accept, from its own published lists.
Industries
- Unlicensed financial institutions, including unlicensed currency exchanges and money-remittance providers
- Persons involved in illegal internet gambling
- Business types/practices on an International Card Organisation prohibition list
- Illegal activities/products/services, including illegal online casinos, sports betting, betting, reverse auctions and lotteries
- Peripheral support of illegal activities, including prescription drugs, illicit substances/components and drug paraphernalia
- Weapons, firearms and munitions of any kind
- Production/trade in tobacco
- Wildlife or wildlife products
- Human trafficking or related actions
- Radioactive-material production/trade
- Animal fur, bones and ivory
- Cannabis, including medical cannabis
- Donations, charities and non-profits, except well-established/reputable international charities and EEA-registered charities
- Adult industry involving bestiality, child pornography, necrophilia, rape or other banned content
- Goods/services whose sale, supply, delivery, offering or marketing is prohibited or restricted in the seller’s or any customer’s jurisdiction
- Protected works of art, history and culture
- Quick-enrichment, Ponzi, snowball, investment-club or similar schemes
- Escort services
- Mass-email/SMS services or customer-marketing lists
- Restricted electronics such as cable-TV decoders, radars and surveillance equipment
Countries
- Not published
Coverage
Where can you use Walletto?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR
- EUR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Self-employed people
Pricing
What does Walletto 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
Free
Business Standard
Lowest cost€0 per month
€0 setup · €0 in year one
Business Advanced
€0 per month
€1,000 setup · €1,000 in year one
Transaction fees
| Cost | Business Standard | Business Advanced | How it is charged |
|---|---|---|---|
| Incoming | |||
| SEPA | Free | 0.5% + €5 | No charge |
| Outgoing | |||
| SEPA | Free | 0.5% + €20 | No charge |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | €5 | Fixed fee |
| Physical card issue | €10 | Fixed fee |
| Monthly card fee | €5 | Fixed fee |
| Card FX | 3% | Percentage of the amount |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 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
- Certificate of incorporation
- Dated Enterprise Register extract showing shareholders/directors
- Valid ID document
- Possible proof of address/source of funds/activity and translations/legalisation/Apostille
FAQ
Your questions, answered.
Is Walletto a bank?
No. WALLETTO UAB is an e-money institution licensed by the Bank of Lithuania, register code LB000452, since March 2018.
Has Walletto been sanctioned by its regulator?
Yes. The Bank of Lithuania's register records a €290,000 fine on 14 April 2026 for breaches of anti-money-laundering rules, e-money institution rules and reporting requirements. The register shows the licence as valid. Check the register and ask Walletto about its current standing before you apply.
How much does a Walletto account cost?
Business Standard has no monthly fee and free SEPA payments. Business Advanced costs €1,000 to apply and charges €5 plus 0.5% on incoming and €20 plus 0.5% on outgoing SEPA payments. Cards cost €5 to €10 to issue and €5 a month.
Which businesses does Walletto not accept?
Its terms exclude unlicensed financial institutions and currency exchanges, illegal internet gambling, businesses on the card schemes' prohibited lists, and illegal activities.
Alternatives
How Walletto compares.
If Walletto is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 WallettoThis pageE-money institution |  | Named IBANFree plan |
 VerifoE-money institution | | Named IBANSole traders |
 PayseraE-money institution |  | Low fees16 support languages |
 PayswixE-money institution | | Named IBANSEPA and SWIFT |
 GenomeE-money institution | | Published pricesVisa cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.