Overview
Wittix, at a glance.
Wittix is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. Pricing is agreed with each client. Opening an account takes 3–5 days.
Client funds are held separately from Wittix's own money in safeguarding accounts at partner banks. This is safeguarding, not deposit insurance.
Why businesses pick Wittix
- IBAN in your company's name, with local account details in Lithuania, Germany, Denmark, the UK and Luxembourg
- Holds 23 currencies and pays out in 35
- Currency exchange from 0.08% to 0.35%, falling with volume
- Bulk payments and Visa cards for teams
- A dedicated account manager
Watch out for
- Prices are set for each customer and not published
- An application fee is charged once the account is approved
- Crypto exchanges, charities outside Europe and North America, and multi-level marketing are not accepted
- Accepted countries are not published
Business fit
Will Wittix 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 Wittix's published rules
Needs review
Wittix works with IT companies, but does not publish the countries it accepts companies from.
Wittix 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 Wittix publishes about the businesses it takes on.
Who Wittix serves
- IT and software
- E-commerce
- Professional services
- Startups and SMEs
All 8 industries on Wittix's accepted list
- IT companies
- Global e-commerce sellers
- Logistics
- Construction
- Consultants
- Marketing agencies
- Retail/electronics businesses
- Internationally operating SMEs
Not supported
Industries and countries Wittix does not accept, from its own published lists.
Industries
- Escort and dating with sexual intention
- Pornography / prostitution
- Weapons, firearms and munitions, military goods and services
- Unregulated auction houses/platforms
- Illegal narcotics, controlled substances, mimicking substances and equipment designed to produce/use them
- Illegal gambling/trading
- Trading in prime-bank guarantees, debentures, letters of credit or medium-term notes
- Nonprofit organisations and charities from countries outside Canada, EEA/EU, Switzerland, USA, Australia or New Zealand
- Unregistered charities from any region
- Multi-level marketing, pyramid schemes and get-rich-quick schemes
- Trade of restricted/endangered animal species and derived products
- Harmful programs such as viruses or spyware
- Unlicensed online pharmacies
- Transactions related to culturally, historically, archaeologically or religiously important artifacts or rare scientific valuables
- Unlicensed gambling
- Crypto exchanges / ICOs
- Training/courses on investments and finance (crypto/forex)
- Unlawful/fraudulent activity
- Sanctions-subjected persons, entities or countries
- Deceptive or predatory websites
- Tax evasion
- Spam
Countries
- Not published
Coverage
Where can you use Wittix?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
23 currencies
Including EUR, GBP, USD, DKK, SEK and AED; payments out in 35 currencies.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Wittix 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
Not published
Monthly fee
Not published
Tailored pricing
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.08–0.35% | Percentage of the amount; varies by plan · Falls as monthly volume rises |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Submit the business application with the company's details.
- 2
Verification
Owners, directors and authorised persons complete identity checks.
- 3
Review
Wittix reviews most applications within one to three business days.
- 4
Pricing and activation
You receive your pricing once approved, and the account is opened.
Documents you need
- Proof of operational address issued within 90 days/3 months
- Certificate of incorporation where applicable
- Memorandum/articles
- Business licence/authorisation where applicable
- Client/supplier invoices or contracts
- First-funding bank statement/invoice/contract
- Authorised-person passport or EU/EEA ID/residence permit
- Additional structure/jurisdiction/activity documents as requested
FAQ
Your questions, answered.
Is Wittix a bank?
No. Wittix, UAB is an e-money institution licensed by the Bank of Lithuania, register code LB001873. Client funds are safeguarded at partner banks.
How much does a Wittix business account cost?
Prices are set for each customer by activity and risk and are given after approval. Currency exchange costs from 0.08% to 0.35% depending on monthly volume.
Which currencies does Wittix support?
You can hold up to 23 currencies, including EUR, GBP, USD, DKK, SEK and AED, and pay out in 35.
Which businesses does Wittix not accept?
Its acceptable use policy excludes crypto exchanges and token offerings, pornography and escort services, weapons, illegal or unlicensed gambling, multi-level marketing, unlicensed online pharmacies, and charities from outside Europe, North America, Australia and New Zealand.
Does Wittix offer cards?
Yes. Virtual and physical Visa business cards for the company and its team.
Alternatives
How Wittix compares.
If Wittix is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 WittixThis pageE-money institution |  | Local IBANsBulk payments |
 ConnectPayE-money institution | | 80+ currenciesOnline businesses |
 GenomeE-money institution | | Published pricesVisa cards |
 SatchelE-money institution | | European IBANMastercard cards |
 3S MoneyE-money institution |    | Local IBANsNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.