Home cryptocurrency Bankera Review: Free personal and business European IBAN accounts to clients internationally. (How it works, Payment, FAQ Legit or Scam)

Bankera Review: Free personal and business European IBAN accounts to clients internationally. (How it works, Payment, FAQ Legit or Scam)

by Abbey

Bankera is the best Banking account alternative to traditional banks, they offer personal and business European IBAN accounts to clients internationally. Bankera is a legit network they provide really good services, with personal IBAN account they give you, you will be able to receive payments from 3rd Party, Unlike Payoneer.

Accounts for European residents are absolutely free to use, while business pricing depends on the client’s industry and jurisdiction. The company has a crypto-friendly approach and individual users can transfer funds to and from crypto exchanges.

How do Bankera works?

Bankera is a financial solution designed to serve the clients of the new banking era. Unlike the majority of the traditional banks, Bankera services are crypto-friendly – they accept payments to and from cryptocurrency exchanges. Furthermore, our clients are also welcome to receive funds from affiliate programs and commercial online activity.

Bankera is a crypto-friendly solution with years of experience in the blockchain market. Their Crypto Exchange account plan is designed specifically for blockchain businesses – be it an exchange, brokerage, mining farm, or any other activity related to the field. They also provide corporate account services for digital businesses – a segment that has been vastly underserved by traditional banking institutions. Having operated in the digital industry, they have gathered the needed experience required to offer a modern solution for corporate clients.

What makes Bankera stand out from the competition is that it is friendly to high-risk corporate customers, such as iGaming or crypto companies. Opening a payment account for high-risk customers has been an ongoing problem for a long time and Bankera is aiming to fill this niche by providing access to SEPA payments for them. Onboarding is done online, which is a convenient option for any international and digital business.

Bankera Review: Free personal and business European IBAN accounts to clients internationally

Bankera Review: Free personal and business European IBAN accounts to clients internationally

The company offers its business customers three different payment plans: “Business” – for conventional businesses from the European Economic Area (EEA); “Business +” – for clients from high-risk industries or businesses outside the EEA; and “Crypto Exchange” – for virtual currency exchanges and brokerages, mining pools and other crypto-related businesses.

How to open a dedicated European IBAN account at Bankera?

Opening an account at Bankera is a quick and simple process and it is available to anyone around the world. Clients must be at least 18 years old to gain access to Bankera’s services and open an account.

Follow these simple steps to get started:

Step 1: To create a personal account, click on the signup  button page available below:

Step 2: Enter your email address, agree to the Privacy Policy, and the processing of my personal data checkbox and click on the Sign-up button to continue. You can also choose to open a business account if you want.

Step 3: Confirm your email address and fill up all your required personal details.

That is it! You have created your Bankera profile that contains a dedicated European IBAN account.

The main difference between Personal and Business account options at Bankera is the user base it caters to. While Personal accounts are designed for the needs of individual clients and are perfect for everyday payments and transfers, Business accounts provide solutions for companies of all sizes and industries.

How to open a business/corporate account at Bankera?

Creating a business account at Bankera consists of a few steps.

Application – to open your Bankera business account, fill in the application form here. Enter the basic details about yourself and the company you represent.

Questionnaire – after submitting the application, you will receive an email containing a link to the KYB (Know Your Business) verification questionnaire. Completing the questionnaire is required to proceed further.

Documents – an additional email will be delivered to your inbox. It will contain a list of documents required for opening a corporate account at Bankera, as well as instructions on how to pay the application fee.

Your application will be review. If it is successful, your Bankera business account will be opened.

How to verify Bankera account?

To verify your account, log in to your account and press the ‘Start verification’ button to begin the process.

The first level of the verification process consists of three main steps: providing a photo of your identity document, uploading a selfie holding the document, and answering a brief questionnaire. After completing these steps, you will gain access to Bankera’s services.

After you submit your account verification application, it might take up to 24 business hours (3 working days) for our team to review it. However, in most cases, the process should be completed sooner. Users can also choose if they need to complete two additional verification levels. These levels are not mandatory, however, they provide access to higher limits for clients’ operations.

Availability and Global usage:

Bankera solutions are not available globally, but they are available and can be used in the majority of countries around the world. They do not provide services to clients from Iran, North Korea, and any unrecognized or fictional jurisdictions.

Moreover, services described in this website are not offered in the United States and any other jurisdiction where such services could be considered restricted. If you choose to access this website, you do so at your own initiative and risk and are responsible for compliance with applicable laws, rules, and regulations that may apply to you.

What are the Pros and Cons of using Bankera?


Bankera offers a number of benefits to its individual and corporate clients here are the list of Advantages:

1. A dedicated European IBAN accounts and SEPA transfer structure is available to international users from around the world.

2. Free personal account for all users

3. Free incoming and outgoing SEPA operations.

4. The best favorable pricing schedule for Corporate and Business SWIFT and SEPA transfers.

5. The best small maintenance costs and competitive fees for currency exchange.

6. 24/7 live customer support.


Here are the Cons or disadvantages of using Bankera:

1. This service is not available globally. For example, they do not provide services to clients from Iran and North Korea.

2. services described in this website are not offered in the United States.

3. The service is also not available for all industries and sectors, most especially those that are considered to be high risk such as Shell banks, military, drugs, and others.

How to top up or Receive money into your Bankera account?

To top up or receive money into your Bankera account, you will need to make a transfer from your account in other financial institutions to your dedicated IBAN account at Bankera. At the moment, the service accepts SEPA transfers, while corporate account users can also make use of SWIFT payments network.

Bankera account Fees & Limits

There is no limit on deposits or incoming transactions. However, there are standard operational limits set for security reasons.

For personal accounts, the standard withdrawal limits are €10,000 per single withdrawal, €25,000 per day, and €50,000 per month.

For business accounts, the standard withdrawal limits are 50,000 EUR per single withdrawal, €100,000 per day, and €300,000 per month.

As Bankera does not impose any hard limits, they provide a possibility for clients to increase their operational thresholds. If you would like to have your limits increased, contact the support team at support@bankera.com.


Bankera’s products portfolio is growing and the company is moving towards its goal of providing a full range of banking solutions. Bankera has recently started offering loans for small and medium enterprises (SMEs). The company states that loans can be used to finance invoices or to support everyday operations of the company. Bankera business loans start from €2.000, have a maturity of 1-24 months, and offer a flexible repayment schedule.

The company next plans to release virtual and physical debit cards and is working on releasing the app, which will be available on both Android and iOS platforms.

Individuals that want to open an account should go here and follow the easy process to open an account. A business that wants to open a Bankera payment account should follow this link, complete the online application, and provide additional information to the compliance department. Live support is available 24/7 via live chat on Bankera’s website, or clients can also contact the company with any questions at support@bankera.com.

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