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Opening an account in Revolut payment system (Lithuania)
- Price:500 EUR
- Term:from 1 day
The REVOLUT payment system was until recently a startup that became very popular due to the convenience and quality of the product. This payment system was established in 2015 in London as an alternative to traditional banks, after which it expanded its activities internationally, including in Lithuania, where the company has a banking license.
Today it is a British-Lithuanian neobank, present in Europe, Canada, Asia, New Zealand, and many other regions.
The company has more than 40 million users and is focused on serving all types of businesses, as well as private clients from the EU and EEA.
- Virtual, physical debit cards VISA/Mastercard.
- It is possible to link several virtual and/or physical cards to one account (maximum 200 cards per person).
- Clients are provided with SWIFT details, local GBP details (sort code and account number), and local EUR details (LT IBAN for internal transfers within the EEA).
- Revolut works with more than 25 currencies (dollar, euro, pound, francs, etc.) and supports more than 150 countries.
- International payments are available in the following currencies: GBP, EUR, USD, ZAR, TRY, SAR, SGD, SEK, RON, PLN, NZD, NOK, MXN, JPY, ILS, HUF, HKD, DKK, CZK, CHF, CAD, AUD, BGN, QAR, THB and AED.
- There is an option to connect Google Pay and Apple Pay to a virtual card and API for payments.
- There is no fee for currency conversion up to 1000 EUR.
- Convenient and functional mobile application.
- Revolut is cryptocurrency-friendly and accepts companies that use blockchain technology and cryptocurrency payments.
- There is a cryptocurrency exchange option that allows users to convert currencies to Bitcoin, Litecoin, Ethereum, Bitcoin Cash or XRP.
- It is possible to create and send invoices within the Revolut app.
- The payment system offers several business plans for different purposes and business specifics.
- The company operates in partnership with many brands, which allows customers to enjoy discounts and benefits, including when traveling.
- Revolut offers various types of insurance, including travel insurance and medical insurance for overseas travel.
- Revolut's 24/7 support via in-app chat allows users to get help at any time.
Revolut accepts legal entities registered in the territories of the European Economic Area, Singapore, Switzerland, Great Britain, USA, British Colonies, and Indian Ocean Territories.
To open an account, you must document your residence address in one of the permitted countries.
Current accounts for corporate and personal needs. Merchant accounts.
Personal accounts are only available to EU/EEA citizens. For citizens of Ukraine, it is possible to open an account with Revolut only if they have a residence permit or a residence address in the EEA.
Revolut is a technology company that has provided a completely remote procedure for opening an account.
Registration of an account involves filling out personal and corporate information, and attaching documents requested by the payment system for the company and the owner (account manager).
After the account is registered, all entered information is sent to compliance. During the process, managers may request additional documents.
Please note that according to international standards for opening accounts, each payment system is required to adhere to the KYC procedure, and therefore will require documents and data confirming identity, business, and wealth for identification. Also, a financial institution may, based on its internal rules, refuse cooperation without giving reasons.
In order to avoid such negative consequences, contact specialized lawyers for preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in the Revolut payment system.