How to open a payment system account in Letto
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
June, 2018
Last contact
September, 2023
Last update
September, 2023
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- Regulated by the Central Bank of Lithuania;
- It is possible to open a current account;
- Requested Recommendation;
- Unique IBAN for euro payments;
- Russian-speaking staff available
Cost
2750 USD
Beginning of cooperation
June, 2018
Last contact
September, 2023
Last update
September, 2023
General information and GSL rating
2017
Year of foundation
Lithuania
Country of license issue
Lithuanian CB
Regulator
GSL rating
Year of foundation
2017
History
Founded in 2017
Personnel
There are Russian-speaking staff
Payment system owners
Private company
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
0
Minimal balance, €
No
Do they work with offshore companies
—
Do they require a substance
Minimal turnover, €
No restrictions
Restrictions by jurisdiction
Do not work with offshore companies
Tariffs and services
350
Array
0
Array
150
Account maintenance, €/month
—
Acquiring commission
Array
SEPA transfer fee - 0.7% (minimum EUR 15); INTERNAL PAYMENT - 0.7% (minimum EUR 15); SWIFT - 1% (minimum EUR 30)
Array
No commission
Account maintenance, €/month
Monthly payment - EUR 150
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 manage
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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