Bankera is a versatile banking solution catering to both individuals and businesses. For individual customers, Bankera provides European IBAN accounts equipped with convenient features like SEPA transfers, SWIFT transfers, Visa debit cards, and a user-friendly mobile app. On the other hand, businesses can take advantage of SWIFT and SEPA payments, as well as corporate Visa cards.
Benefits and Features of Bankera
With Bankera, businesses and individuals benefit from multi-currency accounts, European IBAN accounts, e-commerce integration, payment cards, cost-effective transfers, secured loans, and crypto-friendly banking solutions.
Here is the breakdown of some of the key benefits offered by Bankera:
- No Monthly Fees: Bankera stands out by not imposing any monthly fees on its accounts.
- Multi-Currency Support: Business accounts support multiple currencies, while personal accounts are available exclusively in Euro.
- IBAN Accounts: Bankera offers European IBAN accounts under your name.
- E-commerce Integration: Seamlessly accept credit and debit card payments for your e-commerce business.
- Variety of Cards: Choose between physical and virtual Bankera cards that can be linked to your account.
- Cost-Effective Transfers: Enjoy cost-effective SEPA and SWIFT transfers.
- Secured Loans: Businesses can secure loans through various methods, including promissory notes, guarantees, and real estate assets.
- Crypto-Friendly: Bankera facilitates payments to and from cryptocurrency exchanges using fiat currencies. It also provides a specialized bank account plan tailored for crypto exchanges.
Features
Discover a world of financial possibilities with Bankera’s comprehensive suite of services. From convenient Visa debit cards and business loans to instant multicurrency payments and top-notch payment processing, Bankera is your trusted partner for all your banking needs. Explore the following offerings in detail:
Debit cards
Bankera offers Visa debit cards that are compatible with ATMs all over the world. You can load funds to your card from your account automatically. It also offers VISA business debit cards. Bankera virtual cards are also available to customers. Businesses can apply for corporate cards linked to your company’s IBAN account for employees, business partners or clients.
Business Loans
Bankera offers business loans starting from €2.000 for companies to do the following:
- Scale up of business operations
- Get cash from buyers and/or pay suppliers faster through invoice financing
- Expand business operations by adding an online sales channel
Instant and Multicurrency Payments
Bankera’s corporate users have access to two major payment networks – SEPA for Euro transfers within the European Economic Area (EEA), and SWIFT for global payments in various currencies. The bank also supports SEPA Instant credit transfers that allow transferring money between European financial institutions in a matter of seconds.
With Bankera, businesses can send and receive payments in euros, United States dollars (USD), Swiss francs (CHF), Great Britain pounds (GBP), United Arab Emirate dirhams (AED), Australian dollars (AUD), Canadian dollars (CAD), Czech koruna (CZK), Danish krone (DKK), Norwegian krone (NOK), Hungarian forint (HUF), Polish zloty (PLN), Swedish krona (SEK), and Romanian leu (RON).
Bankera Payment Processing
Bankera offers payment processing services, including a payment gateway, API integration, and a dedicated merchant account. These services support various payment methods, such as credit cards, debit cards, and PayPal. The merchant account provides additional benefits like fraud protection, chargeback protection, and dedicated customer support.
Bankera Fees
Bankera provides a range of features available in both free and paid options. Personal accounts come with no monthly fees, while business accounts start at 5 EUR per month, depending on the chosen plan. It’s worth mentioning that Bankera imposes inactivity fees, making regular account usage essential to avoid these charges.
The following is Bankera pricing.
| Account Type | Initial Fee | Monthly Fee | Inactivity Fee | Closing Fee | SEPA Outgoing | SEPA Incoming | SWIFT Outgoing | SWIFT Incoming |
|---|---|---|---|---|---|---|---|---|
| Personal Account | 0.00 EUR | 0.00 EUR | 5 EUR | 0.00 EUR | 0.00 EUR | 0.00 EUR | 25 EUR | 25 EUR |
| Personal+ Account | 0.00 EUR | 0.00 EUR | 10 EUR | 20.00 EUR | 1.00 EUR | 0.00 EUR | 25 EUR | 25 EUR |
| Business Account | 0.00 EUR | 5.00 EUR | 25 EUR | 0.00 EUR | 0.10 EUR | 0.00 EUR | 7.00 EUR | 18.00 EUR |
| Business+ Account | 450.00 EUR | 50.00 EUR | 200 EUR | 200.00 EUR | 2.00 EUR | 0.00 EUR | 7.00 EUR | 18.00 EUR |
| Crypto Exchanges Account | 450.00 EUR | 1000.00 EUR | 200 EUR | 200.00 EUR | 2.00 EUR | 0.00 EUR | 7.00 EUR | 18.00 EUR |
| Bankera Virtual Card | 0.00 EUR | 0.00 EUR | – | – | – | – | – | – |
| Bankera Physical Card | 0.00 EUR | 0.00 EUR | – | – | – |
Bankera Limits
| Amount | Transaction type |
|---|---|
| 10,000 EUR | Per transaction |
| 25,000 EUR | Per day |
| 50,000 EUR | Per month |
There are no limits for incoming transactions. After creating your account, you might find additional limits set based on your verification level.
Bankera Supported Countries
Bankera account is available in many countries around the world. Here are the countries where Bankera is currently available:
- European Economic Area (EEA). Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
- Non-EEA. Albania, Andorra, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Brazil, Georgia, Iceland, Kosovo, Liechtenstein, Macedonia (FYROM), Moldova, Monaco, Montenegro, Morocco, San Marino, Serbia, Switzerland, Turkey, and Ukraine.
Please note that Bankera is constantly expanding its availability, so it is possible that it will be available in more countries in the future.
Is Bankera a Scam? Is Bankera Safe?
Bankera bank is legit. It is managed by Era Finance Ltd, a registered agent of Pervesk UAB – an electronic money institution authorized by the Central Bank of Lithuania for the issuing of electronic money and payment instruments. Your money is safe with Bankera because accounts are protected by industry standard cybersecurity measures, including multifactor authentication. Account holders’ funds held in a segregated account from the funds of Bankera itself.
Bankera Reviews
As of June 2023, Bankera has a rating of 4.1 out of 5 stars on Trustpilot, based on over 350 reviews. Most users have praised Bankera for its user-friendly interface, its no monthly fees, and its free ATM withdrawals in the Eurozone. However, a few users have complained about rejected transactions, a long process for opening a business account, deleted accounts without notice, and poor customer service.
Is Bankera Right Choice for Your Business Banking?
If you’re seeking to manage a multicurrency account for your business, exploring Bankera could be a viable option. With its online and mobile banking services, it makes it easy to handle transactions across different currencies. This could be particularly advantageous for businesses engaged in international trade or those with clients and suppliers in various countries. Bankera’s international services include SEPA and SWIFT transfers, and virtual IBANs. In case you intend to sell or buy Bitcoin, the account gives you the the ability to send and withdraw money from crypto exchanges. Moreover, Bankera allows you to open bank accounts tailored for crypto businesses such as exchanges. If you are considering Bankera for your business, it might be worth exploring.
However, it’s important to note that Bankera is currently available only in most European countries. While Bankera boasts features like no monthly fees for personal accounts, it’s essential to be aware of potential drawbacks such as inactivity and account closure fees. Therefore, before committing, carefully weigh the advantages and disadvantages of Bankera against your business’s specific needs and preferences.
Bankera Alternatives and Competitors
Here are some of the leading Bankera competitors:
Is Bankera a crypto bank?
Bankera doesn't accept crypto deposits. However, it is crypto-friendly and supports payments to and from crypto exchanges using fiat currencies. It also provides a specialized bank account plan for crypto exchanges.
What countries is Bankera available in?
Bankera operates in numerous countries globally, including those within the European Economic Area (EEA) as well as non-EEA countries.
What industries are prohibited at Bankera?
Industries prohibited at Bankera include unlicensed or illegal gambling, lotteries, software related to illegal activities, Pyramid or Ponzi schemes, and Sale of government ID's or documents.
Is there a limit on Bankera business account?
Yes, Bankera imposes limits on its business accounts. These limits may vary based on factors such as the type of account, transaction volume, and verification status. For specific details about the limits associated with your Bankera business account, it is advisable to reach out to their customer support.