Lone LT was launched in 2018 with the goal of making banking Safe, Digital, and Global.
Seismic shifts in the financial system since 2008 have driven depositors to look for alternative banking solutions. In today’s digital, global marketplace, many depositors seek conservative banks whose products are better designed for their international lives and businesses.
Many traditional banking services such as loans, mortgages, credit cards, and trade finance are not offered. Instead, we focus on transactional banking. In fact, 100% of our margins are derived from transaction fees, service fees, and commissions only—not lending or proprietary trading.
Lone LT is a full-reserve E-Money Service. This unique business model was created in response to the increasing risks seen in global banks and financial markets. As a full-reserve bank, we maintain 100% liquidity, 100% capitalization, and zero loans. This structure is a key facet of our business model and has become a driving force behind our growth and client retention.
In today’s banking environment, having an online-first model is necessary to capture the businesses of a globalized economy. Conduct international payments, convert currencies at competitive foreign exchange rates, and invest internationally, all from our convenient eBanking online portal.
Since our inception, we’ve focused on building a truly global E-Money Service. Our online, multi-channel access provides account holders with 24/7 access to their accounts, regardless of where they are located. Further, through a diverse product offering, clients enjoy access to multiple currencies.
Lone LT is licensed in Lithuania as Small Money Institute (SMI), with subsidiaries throughout the Europe offering a wide array of financial products and services, including international banking, brokerage, and mutual funds.
The Bank’s unique full-reserve policy provides clients the safety and stability they require to manage their global finances. Lone LT is also able to pass along foreign exchange savings rates of up to 55% over traditional retail banks.