How to open a payment system account in GRP Limit
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
April, 2020
Last contact
September, 2023
Last update
November, 2023
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- Regulated by the Central Bank of Lithuania;
- It is possible to open a current account;
- There is a service of fast account opening (+ 250 EUR);
- It is possible to open an offshore account;
- Compliance fee for "complex" structures - 1 000 EUR;
- Provide IBAN for Euro payments;
- Possible issue of cards;
- Communication is conducted in English
Cost
2750 USD
Beginning of cooperation
April, 2020
Last contact
September, 2023
Last update
November, 2023
General information and GSL rating
2018
Year of foundation
Lithuania
Country of license issue
Lithuanian CB
Regulator
GSL rating
Year of foundation
2018
History
Founded in 2018
Personnel
Communication is conducted in English
Payment system owners
Private company
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
0
Minimal balance, €
Yes
Do they work with offshore companies
Yes
Do they require a substance
Minimal turnover, €
No restrictions
Restrictions by jurisdiction
It is possible to open an offshore account
Tariffs and services
50
Array
50
Array
25
Account maintenance, €/month
—
Acquiring commission
Array
Fee for outgoing payments (SEPA) - 1 EUR / 0.1% / 0.25% / 0.5% (depending on tariff)
Array
Fee for incoming payments (SEPA) - 0% / 0.1% / 0.5% (depending on tariff)
Account maintenance, €/month
Monthly fee for current account maintenance - from 25 to 300 EUR (depending on the tariff)
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
Yes
Business description
Detailed
Types of accounts
Current
Document requirements
Completed bank forms; copy of client's passport; proof of address; standard set of corporate documents
Possibility of remote account opening
It is possible to open an account and undergo identification remotely. If you wish, you can organise a personal meeting with a manager
Types of accounts
Current
Chances to open an account
Predictable
Business description (text description)
The requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
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