Your Xolo Leap account works with LHV, Wise, Revolut, Payoneer 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. | $250,000 cash insturance on each account by FINRA, a governmental organization which is subjected to the American SEC. In the EU, per e-money guidelines, customer funds are held in segregated and safeguarded accounts that are designated for the benefit of the customers. | 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 - receive money in: | 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 | Yes |
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. | OFAC sanctioned countries: Cuba, Iran, Iraq, North Korea, Syria | ||
Remote online onboarding | Yes | No. Visit to Estonia required for a F2F bank meeting | Yes | Yes | Yes |
Xolo Leap supported onboarding & KYC | No | Yes | 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 | API integration through SaltEdge - automatic sync of transactions and account balance | Yes |
Mobile app | Yes | Yes | Yes | Yes | Yes |
Bank card | Wise Business Debit Mastercard | €2 per month | Visa/Mastercard | Mastercard - multicurrency debit card with cashback up to 2%. Transactions in the same currency as your card – no fees. | Unlimited Visa Virtual Cards |
Top up of the account | Free via bank transfer | 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 | 2% fee | Pro package - Free for 4 times | |
Account limits for transactions | Adjustable, depending on your agreement terms | $200K per single transaction - can be modified and increased if needed | -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 | Stripe - 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 | Tier 1 banking partners such as Barclays, CitiBank, and Bank of America. | Competitive FX rates with no hidden costs Exchange without limits |
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