Genome, an Electronic Money Institution licensed and supervised by the Central Bank of Lithuania, has waived its fees for Ukrainian citizens in order to help them open Euro accounts in the wake of them fleeing the Russian invasion.
This means that Ukrainians will no longer have to pay an opening fee and all transfers will have a temporary 6-month discount period.
For more information, Genome created an information page in Ukrainian, check the details by clicking the link here.
Since over 2 million Ukrainians have already fled to Europe saving themselves from the war, Genome decided to support them by opening up personal IBAN accounts in Euro, receiving payments and transfers from EU-based banks, making online payments, and SEPA transfers.
All users get a virtual debit card for instant access and transfers, and a physical card as well with delivery within EEA region.
The Genome team is no stranger to the problems of Ukrainian refugees, with some of their team members having had to also seek refuge. For this reason, Genome decided to support Ukrainians seeking shelter in Europe.
“My heart is broken because of this horrible war. We disapprove of Russia’s invasion and pray for this war to be over as soon as possible,” says Daumantas Barauskas, CEO of Genome.
“All my thoughts and prayers are with the people of Ukraine and now we’re doing what we can to help the people who need it.
As a company that works with the finances, we understand the difficulties people are facing now and that’s the least we can do to help.”
The company also donated €20,000 to support the Armed Forces of Ukraine in The Russo-Ukrainian War.
The EMI is supervised by the Bank of Lithuania. For more information, please visit Genome