Comparison · 2026 edition
Mano Bank vs Memo Bank: safeguarding banks compared 2026.
Mano Bank and Memo Bank side by side in the Safeguarding Banks Index 2026: scores, evidence, published facts and awards.
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Mano Bank and Memo Bank side by side in the Safeguarding Banks Index 2026: scores, evidence, published facts and awards.
In the Safeguarding Banks Index, Mano Bank scores higher overall: 3.8 out of 5 (76 out of 100) against 3.6 (72), ranking 3 and 4 of 14. Mano Bank also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Mano Bank | Memo Bank |
|---|---|---|
| Score out of 5 | 3.8 | 3.6 |
| Score out of 100 | 76 | 72 |
| Overall rank | 3 of 14 | 4 of 14 |
| For E-money institutions (out of 100) | 77, rank 3 | 76, rank 4 |
| For payment institutions (out of 100) | 77, rank 3 | 75, rank 4 |
| For firms applying for a licence (out of 100) | 74, rank 3 | 66, rank 7 |
| Type | Lithuanian specialised bank (Mano Bankas AB) supervised by the Bank of Lithuania | French bank licensed by the ECB, supervised by the ACPR |
Each score with the evidence behind it.
| Criterion | Mano Bank | Memo Bank |
|---|---|---|
| Who it serves | 4/5 EMIs and PIs named and foreign firms accepted on a published non-resident tariff, excluding listed countries; minimums not published. | 3/5 PIs, EMIs and exempt entities named; a Memo current account is required and countries and minimums are not published. |
| Products | 4/5 Safeguarding, segregated and correspondent accounts with SEPA Instant and SWIFT, sending in 12 currencies; no agency banking or direct scheme membership stated. | 4/5 Safeguarding accounts paired with settlement accounts in EUR, USD and GBP with SEPA and international transfers; no agency banking. |
| Published pricing | 5/5 Fixed safeguarding account opening and monthly fees and tiered balance fees published; euro balances are charged a daily fee rather than earning interest, and KYC fees are "from" prices. | 4/5 Interest on client account balances published (25% of €STR); safeguarding account fees on request and plan fees only as a "from" price. |
| Onboarding | 3/5 Full document list and remote opening published; no timeline and no route before authorisation stated. | 2/5 Online opening stated; no timeline, document list or pre-authorisation route. |
| Technology | 3/5 API for payments, balance monitoring and transaction details; real-time balances and reconciliation reports not stated. | 5/5 API with real-time webhooks on every movement and virtual IBAN reconciliation. |
| Standing | 4/5 Specialised bank licence issued by the ECB through the Bank of Lithuania, deposit protection information and published balance sheet; no fintech client numbers. | 5/5 ECB-licensed bank with FGDR deposit protection and a published count of 50+ client account clients. |
Each criterion is scored 0 to 5 against the best published offer in the Safeguarding Banks Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 21 October 2026.
| Fact | Mano Bank | Memo Bank |
|---|---|---|
| Legal status | "Mano Bankas AB holds a specialised bank license and operates under the supervision of the Bank of Lithuania"; the licence was "Issued by the European Central Bank through the Bank of Lithuania". Company code 112043081; footer links to "Specialised bank licence No.1". | "Memo Bank is a limited company (Société Anonyme)"; "We're a credit institution, licensed by the ECB and supervised by the ACPR". |
| Who it serves | Safeguarding account "Tailored specifically for electronic money and payment institutions". A separate tariff applies to "Non-Residents & Financial Institutions", which covers legal entities established abroad or with foreign owners or controllers, and firms in currency exchange or cryptocurrency trading. "Residents of certain countries and territories are not permitted to open accounts." Minimums not published. | "Serving Payment Institutions, Electronic Money Institutions, fiduciaries, financing companies, and collection agencies"; also "ACPR-exempt entities". A Memo Bank business current account is required first. Countries and minimums not published. |
| Products | Safeguarding, segregated and correspondent accounts; "Each of our bank accounts comes with an internationally recognised IBAN number"; current accounts; SEPA, SEPA Instant ("Instant euro payments up to €100,000, available 24/7") and SWIFT; funds held and sent in AUD, CAD, CHF, DKK, EUR, GBP, NOK, PLN, RON, SEK, USD and ZAR, received in CAD, EUR, SEK and USD; currency exchange in the online bank; a dedicated consultant. Agency banking and direct scheme membership not stated. | Client (safeguarding) accounts, each paired with a settlement account; "By default, all our client accounts are denominated in euros (EUR)", with USD or GBP on request; French IBANs; SEPA transfers and direct debits; international transfers. |
| Pricing | Non-Residents & Financial Institutions tariff: "Safeguarding / Segregated / Correspondent account opening" "500 € for each account"; maintenance "200 € / month, for each account"; "Customer data verification" and "Initial KYC Check-Up" each "From 1 000 €". Euro balance fee from "0.03 € per day per 1.000 €" (up to 100,000 €) to "0.08 € per day per 1.000 €" (above 3,000,000 €); the tariff does not say whether safeguarding balances are excluded. Outgoing SEPA 1 €, SWIFT 30 €; correspondent payments "Individual pricing will be applied". No interest published. | Client account balances earn 25% of the €STR, paid monthly, "from the first euro". Payments plans "From €449 excl. VAT per month". The tariff PDF (updated 8 September 2026) lists safeguarding and settlement account pricing as "Nous consulter" (on request). |
| Onboarding | "You may open a bank account by submitting the required application and supporting documents remotely" or at the Vilnius branch. Published document list for companies registered abroad: register extracts no older than 3 months, articles of association, shareholder structure, identity documents of the manager and board, and last year's financial statements; "Documents are accepted only in Lithuanian or English and must be apostilled". Financial institutions submit "additional documentation relating to the relevant activity". No timeline; accounts before authorisation not stated. | "signing the terms and conditions and opening the client account can be done online." No timeline or document list; accounts before authorisation not stated. |
| Technology | "Integrate your systems with Mano Bank via our API." "Automate payments, monitor balances and access transaction details with ease"; developer portal. Real-time balances and reconciliation reports not stated. | "Plug our Premium API into your own systems"; "You are notified in real time (webhooks) upon the creation of the account, as well as on incoming and outgoing movements." Virtual IBANs for "precise, granular reconciliation". |
| Protection and scale | Deposit protection information linked from the site footer. Published 2026 Q2 figures: "€764M" total assets and "€230M" deposits from customers. No fintech client numbers published. | "covered by the FGDR, France's deposit guarantee scheme"; LCR of 477% and CET1 ratio of 50%; "more than 50 clients" supported in opening client accounts. |
| Date read | 21 October 2026 | 21 October 2026 |
Not published or not stated by Mano Bank: who it serves, products, pricing, onboarding, technology and protection and scale.
Not published or not stated by Memo Bank: who it serves and onboarding.
Facts read on 21 October 2026 from: mano.bank/en/fintech/accounts, mano.bank/en/fintech, mano.bank/en/fintech/payments, mano.bank/en/fintech/correspondent-payments, mano.bank/en/prices, mano.bank/en/faq, mano.bank/en/about-us; and memo.bank/en/product/client-accounts, memo.bank/en/usage/safeguarding-funds, memo.bank/en/pricing, assets.memo.bank/documents/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
EU EMIs and PIs wanting fixed published safeguarding fees.
EU firms wanting interest on safeguarded euros.
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