Bankera Account Opening Guide: How to Open a Bankera Account Online

Opening a digital bank account with Bankera has become an increasingly popular choice for individuals and businesses engaged in global online commerce, especially those receiving income from cryptocurrency exchanges or affiliate programs. As a European neobank regulated by Lithuania’s electronic money institution Pervesk UAB, Bankera offers LT-prefixed IBAN accounts, SEPA and SWIFT payment capabilities, and VISA debit cards—making it a solid solution for cross-border financial management.

This comprehensive guide walks you through the Bankera account types, eligibility criteria, required documentation, fee structure, and step-by-step online account opening process. Whether you're a freelancer, digital entrepreneur, or business owner, this resource ensures you make an informed decision.

Understanding Bankera Account Types

Bankera supports both personal and business clients worldwide, with account options tailored to different residency statuses and industries. Below is a breakdown of available account types and their key features:

Personal Account

• Eligibility: Residents of the EEA, UK, or Ukraine
• Features: Free account setup, free VISA debit card application
• ATM Benefits: First three ATM withdrawals per month are free in EEA (excluding Lithuania) and the UK

Personal+ Account

• Eligibility: Non-EEA residents
• Features: Free to open, no debit card available
• Best For: Receiving and sending funds via SEPA and SWIFT

Business Account

• Eligibility: Businesses registered in EEA or UK, operating in traditional industries
• Fees: €5 monthly fee, free company card (no issuance or monthly charges)
• ATM Withdrawal Fee: Starts at €2

Business+ Account

• Eligibility: High-risk sectors or businesses registered outside EEA
• Fees: €450 onboarding review fee, €50 monthly fee
• Card Costs: €19 issuance fee + €9 monthly fee per card
• ATM Withdrawal Fee: Starts at €5

Premium Account

• Eligibility: Industries with strict compliance needs—e.g., crypto exchanges, iGaming platforms, payment processors
• Fees: €900 onboarding fee, €200 monthly fee
• Card & ATM Fees: Same as Business+

Last updated: July 11, 2024

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Bankera Account Eligibility Requirements

Before applying, ensure you meet the criteria for your desired account type:

All applications undergo identity verification (KYC), and additional documentation may be requested depending on risk assessment.

Documents Required to Open a Bankera Account

The entire process is completed online. You’ll need to submit the following during registration:

• Full name and residential address
• Tax Identification Number (TIN)
• Valid government-issued ID (e.g., passport)
• A compliant selfie for biometric verification

Ensure all documents are clear, unedited, and in supported formats (PDF, JPEG). Processing typically takes up to 3 business days after submission.

Bankera Fees and Pricing Structure

Understanding fees is crucial when choosing a digital banking provider. Here's a detailed overview of charges for both personal and business accounts.

Personal Account Fees

Business Account Fees

Last updated: July 11, 2024

While Bankera offers strong functionality, note that SWIFT transfers have a high minimum fee of €25, which may not be cost-effective for small transactions.

👉 Discover smarter ways to manage international payments with low-cost solutions.

Step-by-Step Bankera Account Opening Process

Follow these steps to open your Bankera account online:

1. Visit the Official Website
   Go to Bankera’s site and click "Sign Up" in the top-right corner.
2. Verify Email and Phone Number
   Enter your contact details and confirm via OTP sent to your email and mobile.
3. Set Password & Log In
   Create a secure password. You can continue on the web or download the mobile app.
4. Complete Identity Verification
   Fill in personal/business information, upload your passport or ID, and take a real-time selfie as instructed.
5. Wait for Approval
   Review usually takes up to 3 business days. You’ll receive confirmation via email.
6. Access Your IBAN & Fund Your Account
   Once approved, log in to view your LT-IBAN details and start receiving payments. Apply for a debit card if eligible.

Frequently Asked Questions (FAQ)

Can non-Europeans open a Bankera personal account?

Yes, non-EEA residents can apply for the Personal+ account, which supports SWIFT and SEPA transactions but does not include a debit card.

Is there a monthly fee for personal accounts?

No. Both Personal and Personal+ accounts are free to maintain with no monthly charges.

How long does the verification process take?

Account verification typically takes up to 3 business days after submitting all required documents.

Are there hidden fees for currency exchange?

Bankera charges a transparent 0.65% fee for currency conversion, applied on the mid-market rate. Always check the final amount before confirming transactions.

Can I receive crypto earnings into my Bankera account?

Yes. Many users link their Bankera IBAN to crypto exchanges or payout platforms to receive fiat settlements from digital asset sales.

Is Bankera safe and regulated?

Yes. Bankera operates under Pervesk UAB, licensed as an electronic money institution in Lithuania, ensuring compliance with EU financial regulations.

Bankera provides a reliable gateway to European banking infrastructure for global digital workers and entrepreneurs. While its fee structure—especially for SWIFT transfers—may not suit everyone, the ability to receive international payments with a Lithuanian IBAN remains valuable.

For users seeking lower international transfer fees or better exchange rates, alternative platforms may offer more competitive pricing.

👉 Compare fast, low-cost financial tools designed for borderless transactions.

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