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Overview

Description

Vivid Money is a financial technology company based in Luxembourg offering digital banking, multi-currency pockets, cashback rewards, and investment management for personal and business users across the EEA.

General Info

Address
21 Rue Glesener, L-1631, Luxembourg
Identification number
B234303
CEO
Stef Van Beek
Email
support@vivid.money
Full name
Vivid Money S.A.
Name
Vivid Money LU
Website
https://vivid.money/en-lu/about-us/
Social Media
SWIFT code
JOEULUL2
Year of foundation
2019

Overview

Features
International Transfers, Expense Management Tools, Currency exchange, Cryptopayments, Cryptocurrency exchange, ATM support
Supported languages
Spanish, Italian, German, French, English
Mobile App
Web, Android, iOS
Commissions
Low
Products
Payment Cards - Crypto, Trading accounts, Time Deposits, Payment Cards - CashbackCard
Crypto-Friendly

Risk Acceptance Level
Low risk
AML Tolerance
Low
Account Currency
BGN, NOK, JPY, ILS, HUF, HKD, GBP, EUR, DKK, CZK, CHF, CAD, NZD, AUD, AED, USD, TRY, SGD, SEK, RON, PLN
International Transfers
SWIFT, SEPA, SEPA / SEPA Instant
Card Networks / Card Schemes
Visa
Company Type
EMI, Digital Bank
Customer Segment
Legal Entities, Individuals
Business focus
Merchant Services, FX, Embedded Finance, Digital Banking, Cross-border Payments, Card Issuing
Country of registration
Luxembourg
Regulators
ACPR, BaFin, AMF
Authorities
BaFin, AMF
License type
E-Money Institutions (EMIs)

Area served

Europe
France, Malta, Luxembourg, Lithuania, Liechtenstein, Latvia, Italy, Ireland, Iceland, Hungary, Greece, Germany, Netherlands, Finland, Estonia, Denmark, Czech Republic, Cyprus, Croatia, Bulgaria, Austria, Sweden, Spain, Slovenia, Slovakia, Romania, Portugal, Poland, Norway

Pros & Cons

Pros

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

  • Remote Account Opening. Ability to open an account entirely online (including video verification) without visiting a branch. Crucial for non-residents

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • Crypto-Friendly Policy. Favorable stance on cryptocurrency transactions, with no account freezes for P2P transfers and exchange transactions

  • Zero Account Maintenance Fees. No monthly account maintenance fees (with no hidden conditions)

  • High Savings APY. High interest rates on savings accounts and deposits

Cons

  • Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers