Banking Services
Enabling businesses direct access to local and cross-border payment schemes
Account Services
Discover our range of corporate accounts tailored to your business's exact requirements.
A bank that truly supports your growth ambitions across multiple jurisdictions
Your ambitions have no borders; your currencies shouldn't either
Multicurrency accounts designed to hold your business's operational funds.
No compromises on Compliance and Security
Available to regulated entities to hold client funds, providing:
- Multicurrency accounts to comply with regulatory requirements
- Underlying virtual IBANs enable easy reconciliation
Rapid go-to-market on highly efficient, secure LHV account infrastructure
Offering the same functionality as traditional settlement accounts, virtual accounts are linked to the sub-ledgers of a central master account, allowing seamless treasury reconciliation
- Increased functionality and advanced security whilst maintaining cost-effectiveness
- Issue unlimited unique account numbers to your underlying customers in their name
- KYC and AML made easy – clear segregation and improved transparency of funds
- Local account details – GBP and EUR IBANs
- Issue IBANs instantly through the LHV Connect API
- Reporting capability allows full visibility and reconciliation
What makes LHV the Banking Services partner of choice?
Safeguarding solutions for companies across the UK and the EU
One bank to cover all your EUR and GBP requirements
Confirmation of Payee service – an additional layer of security ensuring correct payee details
Indirect Scheme Access
Deliver tailor-made banking solutions to your end-customers.
- LHV provides indirect access to GBP and EUR payment schemes
- A fully white-label experience invisible to your end-customers
- Own your account infrastructure and provide a full-fledged experience to your end customers
- Issue bank account numbers with unique Sort Codes and BIC Codes
- Generate country-specific IBANs
Payment systems
LHV's Indirect Scheme Access service enables access to various payment systems
- Faster Payments (FPS)
- Bacs
- SEPA DD
- SCT/STEP2 (EU EUR credit transfer scheme)
- SEPA Instant (SCT Inst)
- TIPS
Why partner with LHV?
Market-Leading Tech & Scalability
Seamless account infrastructure integration, rapid time to market and fast scalability to meet clients' needs
Customisable White Labelling
Enhance brand identity and foster customer loyalty using our white label offering
Seasoned Banking Partner
Unrivalled access to GBP and EUR payment schemes, with a strong track record in the industry
Regulatory Expertise
Holding a UK banking licence, we'll ensure adherence to AML and KYC regulations and provide comprehensive support
Payments
Empowering fintechs with enterprise grade payment solutions
Around-the-clock real-time GBP payments via the Faster Payments Service
GBP
£1,000,000
The funds will be available in real-time
UK only (including Isle of Man, Guernsey, Jersey & Gibraltar)
Sort code and account number
UK domestic payment method, widely used for direct debits, subscriptions and salary payments
GBP
No limit
Three working days, cancellable until midday of day two
UK only (including Isle of Man, Guernsey, Jersey & Gibraltar)
Sort code and account number (available for all UK accounts)
Around-the-clock, real-time EUR payments
EUR
€100,000
SEPA (The recipient's bank would have to be a part of the Instant Payment Settlement System)
Instant
EE IBAN
Enhances the coverage of around-the clock real-time SCT Inst payments, even in countries where the scheme is not widely accepted
EUR
€100,000
Eurosystem – all countries using the euro
Instant
EE IBAN
Enables payments across all Eurozone territories
EUR
No limit
SEPA
EE IBAN
Launching Soon
LHV is developing a Confirmation of Payee (CoP) solution for Payment Service Providers (PSPs) to enhance transaction security and reduce fraud.
Requester, Responder and Aggregator Model Available
Enhanced Security and Fraud Prevention
- Recipient Verification
CoP verifies that the account name entered by the payer matches the account details held by the payee’s bank, significantly reducing the risk of misdirected payments and fraud. - Feedback
Customers will be alerted if the account name does not match the details on record, allowing them to verify or correct the information before completing the transaction.
Improved Customer Trust and Satisfaction
- Assurance of Accuracy
By guaranteeing that funds are sent to the intended recipient, customers can transact with greater confidence. - Error Reduction
Minimises the inconvenience and potential financial loss associated with incorrect payments, leading to higher customer satisfaction and loyalty.
Competitive Differentiation
- Regulatory Alignment
Demonstrates adherence to industry best practices and regulatory expectations, showcasing a commitment to proactive risk management.
Operational Efficiency
- Streamlined Processes
Reduces the time and resources spent on resolving payment errors and fraud incidents. - Enhanced Data Quality
Improves the accuracy of account information, leading to more efficient account maintenance and reconciliation processes.
Implementation and Support
- Seamless Integration
CoP can be effortlessly integrated into existing payment systems with minimal disruption. - Comprehensive Support
Receive comprehensive support, including training, technical assistance, and regular updates to ensure optimal performance.
Why Work With LHV?
Total value of payments in 2022 €100+ billion
LHV processes payments in real-time, not hours
Only directly connected participant with access to SEPA Instant, SEPA DD, TIPS, Faster Payments and BACS
Processing 7% of the total SEPA Instant payments in Europe
Acquiring
Full-service offering for accepting card payments and Open Banking based payment initiation
- Comprehensive end-to-end card acquiring service designed for fintechs, available across the European Economic Area
- Ready to serve all your cardholders with support for Visa, MasterCard ApplePay, and GooglePay
- Settlement within 7 days with T+1 (up to T+0) settlement period
- Transparent pricing with interchange++ model and support for multiple currencies
- Security, acceptance, fraud and disputes management
- Seamless system integration via Cloud-native API
Why work with us?
Full suite payment solutions for Card Acquiring, Direct-Debits, and Open Banking Payment Initiation
Easy integration, excellent support, and instant settlement across multiple currencies
One provider for all necessary services, simplifying payment processing and reducing complexity
Open Banking
Access the latest Open Banking technologies
Open Banking based/PiSP payment acquiring
- Supported payment EUR & GBP schemes: SEPA Inst, SEPA & FPS
- Real-time settlement for SEPA Inst & FPS
- Payment Initiation Service Provider (PiSP) services
- Connectivity to over 6,500 banks
Why Work With LHV
Industry-leading expertise in Open Banking technologies and regulations
Seamless integration with LHV’s full suite of payment solutions
Access to a large network of banks for expanded coverage and reach
Dynamic solutions to meet the evolving needs of your business
FX Solutions
Foreign exchange shouldn't make the world a more complicated place
- Currency exchange services through advanced FX API or brokerage solutions
- Competitive pricing via multibank wholesale liquidity access
- Spot trades available in 15 major currencies
- Instant settlements
Why Work With Us?
Currency exchange services through advanced FX API or brokerage solutions
Competitive pricing via multibank wholesale liquidity access
Spot trades available in 15 major currencies
Instant settlement for transactions
Ready to work together?
Connect with our team for full details about our comprehensive Banking Services offering.
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