Your Xolo Leap account works with LHV, Wise, Revolut, and Wamo business bank accounts. For more details and differences between the banking options supported, please see the table below:
Wise | LHV | Revolut | Payoneer | Wamo | |
Account type | Electronic Money account (i) | Business bank account | Business account | Business account | Business account |
Guarantees on deposits | Not applicable | €100 000 | The money in your Revolut Business account is protected by Lithuanian deposit insurance administered by the State Company Deposit and Investment Insurance (VĮ "Indėlių ir investicijų draudimas") in accordance with the conditions established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania. | Safeguarding done in accordance with the requirements by The Electronic Money Regulations 2011 and The Payment Services Regulations 2017. | |
Supported currencies | Multi-currency account | Multi-currency account | Multicurrency account. Transfers can be transacted in the following currencies: AED, AUD, BGN, BOB, CHF, CLP, CAD, COP, CRC, CZK, DKK, EGP, EUR, GBP, GTQ, HKD, HUF, IDR, ILS, INR, JPY, KRW, LKR, MXN, MYR, NOK, NPR, NZD, PEN, PHP, PLN, RON, RSD, SAR, SEK, SGD, THB, TRY, USD, VND, ZAR. | Multicurrency account Currenty, EUR, GBP and USD supported. Euro as SEPA instant, GBP Local payments and SWIFT, and USD outside SEPA zone. | |
International bank transfers via SWIFT | Yes | Yes | Yes | Yes | |
Availability for Xolo Leap customers | E-residents globally | E-residents globally | |||
Customers currently not supported | FATF high-risk and non cooperative jurisdictions | Countries they don't support payments in include but aren't limited to: Belarus, Crimea, Cuba, Iran, North Korea, Libya, Myanmar, Russia, Syrian Arab Republic, Venezuela, and Zimbabwe. | |||
Remote online onboarding | Yes | No. Visit to Estonia required for a F2F bank meeting | Yes | Yes | |
Xolo Leap supported onboarding & KYC | No | Yes | Yes | No | |
Integration with Xolo Leap | API integration through SaltEdge - automatic sync of transactions and account balance | API integration through Connect Agreement - automatic sync of transactions and account balance | Yes | Yes | |
Mobile app | Yes | Yes | Yes | Yes | |
Monthly fee | Setup cost - €50 | Account opening fee for Estonian legal entities with non-resident owners - €300 Monthly fee - €30 | |||
Bank card | Wise Business Debit Mastercard | €2 per month | Visa/Mastercard | Unlimited Visa Virtual Cards | |
Top up of the account | Free via bank transfer | Free via bank transfer | Free via bank transfer | Free via local transfers | |
Withdraw to bank | Not applicable | Yes No fee local transfers depending on plan | Pro package - Free for 4 times | ||
Account limits for transactions | Adjustable, depending on your agreement terms | - | -Limitless Local transfers - Card Trasnactions: One-time card transaction limit: 50,000 EUR (for an individual payment) | ||
Support for payment gateways | PayPal Business - Yes | PayPal Business - Yes | PayPal Business - Yes Amazon - Yes | A custom payment gateway system | |
Other benefits & features | Wise has gained access to the UK Faster Payments Service (FPS) Switch between currencies & make payments at the best possible rateNo setup or monthly charges Instant local bank details in the UK, US Australia and the Eurozone: GBP - Acc. No & Sort CodeEUR - Standard IBAN & SWIFT/BICUSD - ABA & Acc. NoAUD - Acc. No & BSB code | International payments also available with currency exchange through TransferWise. | Bulk payment | Competitive FX rates with no hidden costs Exchange without limits | |
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