Everestcard

Limits

• •Everest publishes no account limits. They are set against the company's total spend and are subject to Everest's approval; within whatever limit is granted, you can define the limits of individual team cards yourself.

Payments & transfers

• •The list of countries supported for inbound and outbound transfers is declared open by the bank itself, "with plans for further expansion on the horizon": a country's absence from it is not a ban.
• •Non-SEPA transfers exist but are discretionary: "SWIFT payments are subject to selective approval and processing".
• •Wallee Europe S.A. is a member of the ABBL (Luxembourg Bankers' Association) and is SEPA homologated.
• •Three EUR rails with different directions: a Luxembourg IBAN usable for both incoming and outgoing transfers, and German and Danish IBANs for incoming transfers only. Other IBANs are described as coming soon.
• •The account is EUR-only: "The accounts are in EUR at the moment. All transactions are automatically converted to EUR at the appropriate exchange rate."
• •The account can be funded by SEPA transfer, SEPA Direct Debit or card deposit.

Cards

• •The terms reserve the bank the right to block card purchases and ATM withdrawals in "certain countries / jurisdictions", without naming any of them.
• •Wallee Europe S.A. holds a Principal Mastercard Membership, meaning it issues the credit and debit cards and processes the transactions itself.

Crypto

• •No crypto services: the acceptable use policy prohibits Bitcoin and cryptocurrency platforms, ICOs, STOs, launchpads and asset tokenisation providers, and the terms place businesses "actively involved in crypto or virtual currencies" outside the bank's risk appetite.
• •Everest publishes nothing about whether an ordinary customer can pay or receive funds from a regulated exchange, so that side of the policy is undocumented rather than confirmed either way.

Business activity

• •Everest also refuses a range of finance-adjacent activities that no standard sector label captures: rotating savings schemes (ROSCAs), check cashing, cash transfer operations and ATMs, debt securitisation platforms, debt collection and restructuring, investment funds and platforms, unregulated investment advice or trading courses for the public, and businesses involved in banking and similar financial services.
• •Everest's acceptable use policy also refuses counterfeit goods, pyramid schemes, products whose legal status varies by country or state, services that offend privacy such as complaint sites and blacklists, sale of shelf companies, auction platforms not backed by a regulated auction house, bidding-fee auctions, private investigation and security service companies, and political parties or entities supporting political movements and protests.
• •On the trading and services side the policy also names: chemicals and petrol trading, antiques, laboratory equipment and supplies, POS terminal maintenance, P.O. box, business address and mail or call forwarding services, genetics and biotechnology research, aviation operations, unlicensed scrap metal dealing, unregistered waste management, animal breeding and pet sales, video game competitions and e-sports, and psychology-related services such as relations coaching, decision making and neuro-linguistic programming.

Licence & regulation

• •The everest brand is operated by Wallee Europe S.A., a Luxembourg company founded in 2015, whose Luxembourg electronic money licence is passported to all EU member states.