Knowledgebase: 20. Cumulative account
20.03. What are the conditions and fees for opening a Paysera cumulative account?

Cumulative accounts can be opened for companies in the following countries: Lithuania, Latvia, Bulgaria, Sweden, Estonia, and in some cases – Germany.

Opening of a cumulative account is free of charge, except for:

1) Swedish companies. The fee is €10;

2) Bulgarian companies. The fees are the following:  

  • €10 for Bulgarian nationals and/or companies – when the director(s) and/or shareholder(s) (natural persons and companies) are Bulgarian.
  • €70 for EU/EEA nationals and companies – when the director(s) and/or shareholder(s) (natural persons and companies) are from EU/EEA countries.
  • €150 for non-EU/EEA citizens and companies – when the director(s) and/or shareholder(s) (natural persons and companies) are NOT from EU/EEA countries.

The funds of the authorised capital can be transferred or deposited in cash to the cumulative account (at the Paysera Client Service Centre at Pilaitės pr. 16, Vilnius).

Cumulative accounts are opened for one purpose only: the accumulation of authorised capital, therefore only funds intended for this purpose can be deposited/transferred into these accounts. No other funds can be transferred to the cumulative account, and no transfers or any other kind of payments can be made.