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:

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

GBP
  • Faster Payments (FPS)
  • Bacs
EUR
  • 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

Currency

GBP

Transaction Limit

£1,000,000

Settlement

The funds will be available in real-time

Jurisdictions

UK only (including Isle of Man, Guernsey, Jersey & Gibraltar)

Account Configuration

Sort code and account number

UK domestic payment method, widely used for direct debits, subscriptions and salary payments

Currency

GBP

Transaction Limit

No limit

Settlement

Three working days, cancellable until midday of day two

Jurisdictions

UK only (including Isle of Man, Guernsey, Jersey & Gibraltar)

Account Configuration

Sort code and account number (available for all UK accounts)

Around-the-clock, real-time EUR payments

Currency

EUR

Transaction Limit

€100,000

Scheme
Jurisdictions

SEPA (The recipient's bank would have to be a part of the Instant Payment Settlement System)

Settlement

Instant

Account Configuration

EE IBAN

Enhances the coverage of around-the clock real-time SCT Inst payments, even in countries where the scheme is not widely accepted

Currency

EUR

Transaction Limit

€100,000

Scheme
Jurisdictions

Eurosystem – all countries using the euro

Settlement

Instant

Account Configuration

EE IBAN

Enables payments across all Eurozone territories

Currency

EUR

Transaction Limit

No limit

Scheme
Jurisdictions

SEPA

Account Configuration

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.

Start a Conversation