Wallter

Pricing

• •Plan tiers are assigned by Wallter based on a business's risk profile rather than chosen by the customer: lower-risk businesses are placed on Alpha or Beta (Beta priced higher, for example for non-EEA companies), general higher-risk activity on Gamma, and crypto, forex, payment-service or financial-institution businesses on Delta, which is custom-priced.

Limits

• •The only ceiling is the one the SEPA Instant scheme itself imposes, €100,000 per transfer.
• •No other account limit is published for this tier: Wallter states that transactions on designated SEPA and SWIFT are limited neither in number nor in amount.

Payments & transfers

• •SWIFT transfers are not available to a range of industries, including adult content, carbon credits, cash, charities, counterfeit goods, cryptocurrencies, defence/military, drug paraphernalia, explosives, gambling, high-value dealers, illegal goods, MSBs/PSPs, multi-level marketing, pawnbrokers, political groups, Ponzi/pyramid schemes, precious metals, prostitution, shell banks, speculative trading, and weapons.
• •Bulk (mass) payments are supported over SEPA only.

Cards

• •Mastercard prepaid cards are offered only to existing customers.

Business activity

• •Beyond the sectors flagged as prohibited, Wallter also does not open accounts for a range of activities that have no dedicated sector category, including cash and cheque handling, multi-level marketing, pyramid or Ponzi schemes, shell banks or banking syndicates, anonymous payment services, escrow and safeguarding services, counterfeit or IP-infringing goods, trade in human organs, controlled chemicals or nuclear materials, trade in endangered animals, unlicensed IPTV/VoIP, timeshares, non-merchant stored-value cards, businesses designated under Section 311 of the USA PATRIOT Act, sanctioned entities, and offensive, violent or discriminatory content.

Opening an account

• •An account left dormant for 120 days can be closed by Wallter with 30 days' notice.

Sanctions

• •Payments to and from the Ukrainian regions of Crimea, Donetsk, Kherson, Luhansk, Sevastopol and Zaporizhzhia are prohibited, although Ukraine as a whole is not restricted.

Company ownership

• •The corporate account is issued by Wallter UAB, an electronic money institution licensed by the Bank of Lithuania (licence no. 30) since 2018; the UK-based parent, Wallter Payments Ltd, is registered with the FCA only as an e-money agent (register no. 902019), not as a licensed EMI in its own right.