EU IBAN Account for Indian Businesses

A European Account That Works Like a Local One — Run From India

Monvenience lets Indian businesses and individuals open a regulated EU IBAN account fully online, without travelling to Europe or setting up a local EU entity. As an Electronic Money Institution (EMI) supervised by the Central Bank of Lithuania, Monvenience gives you SEPA and SWIFT access under the EU's Payment Services Directive.

You apply remotely using your Indian incorporation papers and passport. Once verified, you receive a dedicated Lithuanian (LT) IBAN in your company's name — letting you send and receive euro payments across the 36-country SEPA network as if you were a local European business, while SWIFT handles INR and other currencies globally.

It is built for EXIM houses, exporters and importers, e-commerce sellers, IT and consulting firms, and members of chambers of commerce expanding into Europe.

Why Now: India–EU Trade Is Entering a New Phase

The India–EU economic relationship is deepening fast. On 27 January 2026, India and the European Union concluded negotiations on the India–EU Free Trade Agreement — the largest trade deal either side has ever agreed, covering around two billion people and roughly a quarter of global GDP. Alongside the EU-level agreement, several individual member states have upgraded their bilateral ties with India:

How a EU IBAN Acts Like a Local European Account

An LT IBAN is a bank account number issued under the Lithuanian national identifier ("LT") within the International Bank Account Number standard. Lithuania is a full member of the EU and the SEPA payment zone, so an LT IBAN issued by a licensed EMI is accepted for all SEPA credit transfers and direct debits across Europe.

For an Indian exporter or service business, that means a European buyer can pay you by ordinary SEPA transfer to a euro account that behaves like any local EU account — typically faster and cheaper than a cross-border SWIFT remittance, with no correspondent-bank chain. When you need to move money to or from India, the United States, or elsewhere, the same account's SWIFT capability handles it, including INR.

• Receive euros like a local: EU clients pay your SEPA IBAN directly — no SWIFT fees, faster settlement.
• Send across the EU/EEA: Pay European suppliers, platforms, and partners in euro at SEPA rates.
• Bridge to India and the world: SWIFT handles INR and 20+ currencies from the same login.
• Dedicated & named: The IBAN is in your company's name, not a shared pooled account — as required by Stripe, Amazon, and similar platforms.

Built for India's Exporters, EXIM Houses & Trade Bodies

This account is designed for organisations and individuals across India doing — or planning — business with Europe:

Multi-Currency Support — Including INR

The Monvenience SWIFT multi-currency account supports a wide range of major and emerging market currencies alongside the base EUR SEPA account. INR is fully supported for SWIFT flows:

You receive a dedicated own-name SWIFT IBAN, and switch between your EUR SEPA account and other currencies from a single Monvenience platform login. For the full multi-currency feature set, see the Multi-Currency SWIFT IBAN page.

How an Indian Business Opens the Account

The entire process is remote — applied for and managed from your laptop or mobile in India:

• Prepare Your Documents

  For a company: your Indian incorporation documents (Certificate of Incorporation, register details), plus passport and proof of address for each director and beneficial owner. See the corporate document checklist before you start.

• Apply Online

  Submit your application and upload documents securely. Indian mobile numbers and Indian addresses are accepted for verification — no EU residency required.

• Complete Remote KYC & Compliance

  Monvenience reviews your documents against AML/KYC requirements as mandated by the Central Bank of Lithuania. Compliance checks typically take around two weeks.

• Receive Your Dedicated EU IBAN

  Once approved, your LT IBAN and online banking credentials are issued. Manage the account 24/7 from any browser or the mobile app.

• Add SWIFT Multi-Currency & Cards (Optional)

  From your login panel, add your own-name SWIFT multi-currency option (including INR) and order a physical or virtual Mastercard prepaid card.

Apply to Open Account

Before you apply, review the rates & charges and the corporate documents required.

What It Costs an Indian Business

Account opening is a one-time fee in EUR (excluding VAT). As an India-incorporated company, the non-EU corporate tariff applies; individuals fall under the non-EU private tariff.

Common transfer pricing: SEPA incoming is free; SEPA outgoing is €5; SWIFT incoming is 0.2% (min €10, max €100); SWIFT outgoing is 0.5% (min €15, max €350). Internal Monvenience-to-Monvenience transfers are free, and there are no transaction volume caps with appropriate supporting documentation such as invoices. For the complete schedule — including card fees and limits — see the EU Bank Account Rates & Charges page.

Why Indian Businesses Choose Monvenience

• Genuinely open from India: Indian mobile numbers and addresses are accepted — many providers that advertise online accounts quietly reject non-EU details at verification.
• Local-style euro banking: Receive and send euros on SEPA across 36 countries as if you were a local European account holder.
• SWIFT INR & multi-currency: Route INR and 20+ currencies through one dedicated, own-name account.
• Dedicated, named IBAN: Required by Stripe, Amazon, and similar platforms — not a shared pooled virtual IBAN.
• No transaction volume caps: Transact any amount with supporting invoices, in line with EU regulations.
• EU regulatory security: Supervised by the Central Bank of Lithuania, with funds handled under EU Electronic Money Directive standards.

Frequently Asked Questions