Crypto exchange bank account

[Notdeviljr]

Hello,
I have a licensed crypto company in Lithuania.
I want to open a bank account that supports Sepa instant transfer.
I searched the forum but couldn't find any updated information.
Anyone who knows, please help on the subject.
Thanks

 

[010cents]

Give Bank Frick a try, if your company satisfies their desires you will have a good time with them.

 

[Blackcrypto]

Notdeviljr said:
Hello,
I have a licensed crypto company in Lithuania.
I want to open a bank account that supports Sepa instant transfer.
I searched the forum but couldn't find any updated information.
Anyone who knows, please help on the subject.
Thanks
Click to expand...

There is no license for crypto in Lithuania

 

[somerandomuser]

FYI Bank Frick requires CHF 5-10M as a minimum yearly transaction volume for crypto companies

 

[010cents]

somerandomuser said:
FYI Bank Frick requires CHF 5-10M as a minimum yearly transaction volume for crypto companies
Click to expand...

I should've mentioned that. Thanks for the info.

 

[Notdeviljr]

Blackcrypto said:
There is no license for crypto in Lithuania
Click to expand...

The digital currency exchange license is called the crypto license.

somerandomuser said:
FYI Bank Frick requires CHF 5-10M as a minimum yearly transaction volume for crypto companies
Click to expand...

thank you for information. Our average monthly volume is 6m EUR.

010cents said:
Give Bank Frick a try, if your company satisfies their desires you will have a good time with them.
Click to expand...

Thanks for help

Blackcrypto said:
There is no license for crypto in Lithuania
Click to expand...

The full description is as follows

 

[vehzag]

somerandomuser said:
FYI Bank Frick requires CHF 5-10M as a minimum yearly transaction volume for crypto companies
Click to expand...

Hello. What does this mean? I have like 50M trading volume on binance but not on bank account because i trade on binance. But the bank account i will use only to withdraw the income

 

[somerandomuser]

vehzag said:
Hello. What does this mean? I have like 50M trading volume on binance but not on bank account because i trade on binance. But the bank account i will use only to withdraw the income
Click to expand...

Hi. This is what they said to me via email:

> Internally we decided to implement guidelines helping us to deal with the extensive amount of application requests. One of many parameters we have to focus is an annual minimum transaction volume between CHF 5-10 Mio. (or counter-value), depending on the country of incorporation, in order to be able to offer a fair fee structure for both parties.

My guess is they're asking for 5-10M transaction volume through their bank, but you can always apply for account opening and see what they tell you.