What documents are required to open a non-EU IBAN account?

You will need a valid passport, proof of address (such as a utility bill or bank statement), and — for corporate accounts — your domestic business incorporation documents. All documents can be submitted remotely.

How long does IBAN account approval take?

Typical KYC verification and account approval takes 2–5 business days. Timelines may extend if documentation is incomplete or if the applicant's jurisdiction requires enhanced due diligence.

Are there countries that cannot open a Monvenience IBAN account?

Yes. Applicants from FATF grey-listed and sanctioned jurisdictions are restricted. You can check the full list of restricted jurisdictions on the Monvenience website before applying.

Which regulatory body supervises Monvenience?

Monvenience's EU IBAN accounts operates under the supervision of the Central Bank of Lithuania (Lietuvos bankas), providing clients with the security and compliance standards of the European financial regulatory framework.

What are the typical fees for an online IBAN account?

For corporate EU accounts, the monthly maintenance fee is €35. Incoming and outgoing SEPA transfers are 0.1% (maximum €100 each). SWIFT incoming is 0.2% (minimum €15, maximum €400) and SWIFT outgoing is 0.5% (minimum €20). Full charges are listed on the EU Bank Account Rates & Charges page.

Online IBAN Account for Non-EU Businesses and Individuals

Q: Can non-EU residents open an online IBAN account?

Yes. Monvenience facilitates fully remote IBAN account opening for both individuals and companies outside the EU, with the account supervised by the Central Bank of Lithuania. You do not need to visit a branch or be a European resident.

Open a regulated European IBAN account entirely online — from anywhere in the world.

🇱🇹 Lithuanian IBAN (LT)

✅ EU Regulated EMI

🌐 SEPA + SWIFT Enabled

🔒 KYC & AML Compliant

💳 Mastercard Prepaid Card

🌍 Open to Non-EU Applicants

Open Your European IBAN Account Fully Online

Monvenience enables non-EU individuals and businesses to open a fully functional, regulated European IBAN account without setting foot in a branch. As an Electronic Money Institution (EMI) supervised by the Central Bank of Lithuania, Monvenience provides SEPA and SWIFT payment access under the EU's Payment Services Directive.

You submit your passport, home country address documents, and business incorporation papers entirely remotely. Once verified, you receive a Lithuanian (LT) IBAN that is accepted across the 36-country SEPA network and globally via SWIFT — in your own name or your company's name.

Pair your account with a Monvenience Mastercard prepaid card for POS and ATM access worldwide, or opt for a virtual NFC card for contactless mobile payments.

Open a European IBAN account online — Monvenience

What Is an LT IBAN 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. IBANs issued under Lithuanian jurisdiction by licensed EMIs are accepted for all SEPA credit transfers and direct debits across Europe, as well as for international SWIFT payments.

Because Lithuania has positioned itself as a hub for fintech regulation, an LT IBAN issued by a Central Bank of Lithuania-supervised institution carries the same standing as an account at a traditional EU bank — without the residency requirements or in-person paperwork that traditional banks impose on non-resident applicants.

Who Is This Account For?

A Monvenience online IBAN account is designed for any business or individual outside the EU that needs reliable access to European payment infrastructure:

💼

Freelancers & Consultants

Receive SEPA payments from EU clients in your own name, issue euro invoices, and avoid costly correspondent bank fees.

🛒

E-commerce & Exporters

Accept SEPA payments from European marketplaces and payment gateways such as Stripe, which require a European IBAN for merchant onboarding.

🏢

Non-EU Startups & SMEs

Establish a credible European payment presence without setting up a local entity or paying high foreign correspondent charges.

🌐

International Contractors

Receive salary, project fees, or retainers from EU employers, contractors, or platforms directly into a dedicated European account.

Currencies Supported

The Monvenience SWIFT multi-currency IBAN account supports a wide range of major and emerging market currencies alongside the base EUR SEPA account:

EUR USD GBP CHF CAD JPY AUD SGD HKD DKK SEK NOK PLN INR MYR CNH BGN CZK HUF RON

Switch between your EUR SEPA IBAN and dedicated own-name SWIFT IBANs for other currencies — all from a single Monvenience platform login.

How Does an LT IBAN Compare to Alternatives?

Account Type	Remote Opening	Currency Support	SEPA Access	Non-EU Eligible	Typical Fees
Monvenience LT IBAN	✅ Fully remote	Multi-currency	✅ Yes	✅ Yes	Low
Traditional EU Bank Account	❌ Branch visit required	EUR only	✅ Yes	⚠️ Restricted	Moderate–High
Consumer Multi-Currency App	✅ Remote, app-based	Multi-currency	✅ Yes	⚠️ Limited countries	Varies
Virtual IBAN Aggregator	✅ Remote	Multi-currency	⚠️ Pooled IBAN	⚠️ Limited	Varies

Key advantage of a Monvenience LT IBAN: a dedicated IBAN issued in your own name or company name, not a shared pooled account. This ensures full compatibility with platforms such as Stripe and Amazon Seller that require a named business IBAN.

Typical Account Fees — Corporate (EU Rate)

Service	Fee
Monthly Maintenance	€35
Card Issuance	€9
Incoming SEPA Transfer	0.1% (max €100)
Outgoing SEPA Transfer	0.1% (max €100)
SWIFT Incoming Transfer	0.2% (min €15, max €400)
SWIFT Outgoing Transfer	0.5% (min €20)

Monvenience-to-Monvenience transfers are free or near-free. There are no transaction volume caps — you can transact any amount with supporting documentation such as invoices. For the complete schedule of charges, see the EU Bank Account Rates & Charges page.

International IBAN Account from Monvenience

How to Open Your Online IBAN Account

Submit Identity Documents

Upload a valid passport and a recent proof of address (utility bill or bank statement from your home country, not older than 3 months). Non-EU citizens must use their international passport.
Provide Business Documents (Corporate Accounts)

Submit your domestic company incorporation certificate, register extract, and details of directors and beneficial owners. All documents can be uploaded digitally.
Complete Remote KYC & Compliance

Our compliance team reviews your documents against AML/KYC requirements as mandated by the Central Bank of Lithuania. Enhanced due diligence may apply to certain jurisdictions.
Receive Your European IBAN

Approval typically takes 2–5 business days. Once confirmed, your LT IBAN and online account credentials are issued. Manage your account 24/7 from any browser or mobile device.
Activate Your Prepaid Card (Optional)

Order a physical or virtual Mastercard prepaid card linked to your IBAN for point-of-sale payments and ATM withdrawals in local currency worldwide.

Apply to Open Account

The diagram below summarises the core features of a Monvenience IBAN account at a glance:

Monvenience International IBAN Account — Feature Overview

Monvenience International IBAN Account — feature overview diagram

KYC, Compliance & Approval Timelines

Operating under an EMI regulated by the Central Bank of Lithuania, Monvenience applies rigorous KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to every application. This protects all account holders and maintains the integrity of the payment network.

Standard account verification takes 2–5 business days. Applications requiring enhanced due diligence — for instance from applicants in higher-risk jurisdictions or those with complex corporate structures — may take longer. Submitting complete, legible, and translated (English) documents significantly reduces processing time.

Monvenience maintains strict AML monitoring on all transactions. Unlimited-value transfers are permitted with appropriate supporting documentation, such as commercial invoices or contracts, in line with European financial regulations.

Why a European IBAN Account?

Global recognition: An IBAN issued within the EU is universally recognised by banks, payment platforms, and marketplaces worldwide.
SEPA network access: Send and receive euro payments across 36 SEPA-member countries as if you were a local — no SWIFT fees, faster settlement.
Multi-currency SWIFT: Send and receive in 20+ currencies from a single account login, eliminating the need for multiple foreign bank accounts.
No transaction volume caps: Unlike many consumer fintech accounts, Monvenience imposes no maximum monthly transaction limits with supporting invoices.
Payment gateway compatibility: Stripe, PayPal, Amazon, and similar platforms often require a European IBAN for merchant or vendor onboarding — this account fulfils that requirement.
EU regulatory security: Supervised by the Central Bank of Lithuania, client funds are handled in accordance with EU Electronic Money Directive standards.

Check Your Country's Eligibility

Account opening is available to most non-EU countries. However, applicants from FATF grey-listed, sanctioned, or restricted jurisdictions are not eligible. Use the tool below to check whether your country of citizenship qualifies. Full details are on the Restricted Jurisdictions page.

Select Country of Citizenship

Frequently Asked Questions

Can non-EU residents open an online IBAN account?

Yes. Monvenience provides fully remote IBAN account opening for individuals and companies registered outside the European Union, subject to KYC and jurisdiction eligibility checks. No EU residency or branch visit is required.

Which regulatory authority supervises Monvenience?

Monvenience's IBAN accounts operates under the supervision of the Central Bank of Lithuania (Lietuvos bankas), an EU central bank that regulates electronic money institutions under the EU Payment Services Directive. This means your account is subject to the same compliance framework as any EU-regulated payment institution.

What documents are required?

For personal accounts: a valid international passport and proof of address (utility bill or bank statement, dated within 3 months). For corporate accounts: passport and address for each director/beneficial owner, plus domestic company incorporation documents.

How long does approval take?

Standard KYC approval takes 2–5 business days. Timelines may be longer for applications requiring enhanced due diligence. Submitting complete, English-language documents from the outset minimises delays.

Are there restricted or sanctioned countries?

Yes. Applicants from FATF grey-listed jurisdictions and internationally sanctioned countries are not eligible. See the full restricted jurisdiction list or use the eligibility checker above.

What currencies are supported?

The SEPA account operates in EUR. The SWIFT multi-currency account supports EUR, USD, GBP, CHF, CAD, JPY, AUD, SGD, DKK, HKD, INR, SEK, NOK, PLN, MYR, CNH, HUF, RON, CZK, BGN, and more. Both IBAN types are accessible from a single account platform.

Where can I find the full fee schedule?

A complete breakdown of account maintenance fees, SEPA and SWIFT transfer charges, card fees, and other costs is available on the EU Bank Account Rates & Charges page.