Paysera
Global fintechNo DGS (EMI)Best for: Cheap multi-currencyBest for: Business-friendlyBest for: Low fees
Pros & Cons
Pros
- Low-cost multi-currency account
- business-friendly
- currency conversion
Cons
- Not a bank — no €100k deposit guarantee (funds safeguarded)
Rating breakdown
Foreigner onboarding67
USD handling60
Transfers100
Value & fees30
Licence & deposit protection
No DGS (EMI)No DGS — funds safeguarded (EMI)
This is an electronic money institution (EMI), not a bank. Funds are safeguarded, but NOT covered by the €100,000 deposit guarantee. Convenient, but legally it isn't a bank deposit.
- Licence
- EMI · Bank of Lithuania
- IBAN
- LT
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Editorial review
Paysera runs on an EMI licence: convenient, but your money is safeguarded rather than covered by the €100k deposit guarantee.
It is a global fintech licensed in LT supporting EUR, USD, GBP etc. FX model: Competitive market rate + small markup.
It tends to suit cheap multi-currency, business-friendly, low fees.
Fees & terms
- Exchange rate
- Competitive market rate + small markup
- Card cost
- Low issuance fee
- Currencies
- EUR, USD, GBP etc
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out, Crypto in/out
- Payments
- Apple Pay, Google Pay
- Licence
- EMI — Bank of Lithuania
- IBAN
- LT
- Multi-currency account
- EUR+multiple currencies
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Competitive market rate + small markup
- Opening requirements
- No local address needed
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Lithuania
Also consider
FAQ
- Is my money protected?
- No. Paysera operates under an EMI licence — funds are safeguarded but NOT covered by a €100k Deposit Guarantee Scheme. It is not a bank in the deposit-protection sense.
- What IBAN and transfers?
- Paysera issues a LT IBAN. SEPA Instant: send + receive. Multi-currency: EUR+multiple currencies.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: No local address needed.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: