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]

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]

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

 

[Notdeviljr]

The digital‌ currency exchange license is called the crypto license.

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

Thanks for help

The full description is as follows

 

[vehzag]

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]

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 structure︀ 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.