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  • Opening an Account
  • Transaction and Payment Enquiries
  • Payment Approvals & Signatory Workflows
  • Salary / Payroll Batch Files
  • Security and Staying Safe
  • FX and International Payments
  • Managing Your Account and Company Details
  • User Access and Internet Banking Roles
  • Login, SMS Verification and Account Access
  • Statements, Audit Letters and Payment Confirmations
  • Account and Maintenance Fees
  • KYC Reviews and Compliance Requests
  • Credit Facilities and Bank Guarantees
  • Client Support
  • Feedback & Complaints
  • Additional Information Requests

Lidion Bank

Frequently Asked Questions (FAQs)

    Opening an Account

    • How do I open an account with Lidion Bank?
    • I applied via PickTheBank for a fixed deposit. What happens next?
    • How do I open an additional account?
    • Does Lidion Bank offer Card Services?
    • What documents do I need for a PickTheBank deposit application?
    • Can I transfer funds between different currencies within my Lidion Bank accounts?

    Transaction and Payment Enquiries

    • What does “VOP Check – No Match” mean?
    • Why was my payment cancelled or returned?
    • My payment isn’t showing. What should I do?
    • Common payment issues
    • How do I request a transaction limit increase?
    • How can I track a specific payment by its reference number?
    • What information do I need to provide when querying a payment?
    • How long does it take to trace a missing or delayed payment?
    • How do I check the status of an outgoing payment I've initiated?
    • My outgoing payment is in "Pending Approval" status. What should I do?
    • Can I cancel an outgoing payment after it's been sent?
    • Why is my outgoing payment delayed?
    • How do I transfer funds between my Lidion Bank accounts?
    • Are internal transfers between accounts subject to limits?
    • How do I resubmit a rejected payment?
    • Does Lidion Bank support SEPA Instant Credit Transfers?
    • My SEPA Instant transfer has not arrived
    • I'm getting an "Invalid IBAN" error when entering a beneficiary. What's wrong?
    • The IBAN looks correct but is still rejected. What now?

    Payment Approvals & Signatory Workflows

    • How do approval workflows work for payments?
    • How do I change my company's approval matrix?
    • An approver is unavailable — can someone else approve in their place?
    • I'm an approver but I can't see pending payments for approval. Why?

    Salary / Payroll Batch Files

    • How do I upload a salary batch file for payroll?
    • What file format is required for salary batches?
    • My salary batch file was rejected. What are the common reasons?
    • How long before payroll date should I upload the batch?
    • Can I schedule a salary batch for a future date?

    Security and Staying Safe

    • How secure is Lidion Bank?
    • What should I do if my account is locked?
    • Recognising Phishing and Smishing Attempts
    • Guarding Against Impersonation of Lidion Staff
    • Best Practices for Securing Your Account
    • If Your Device Is Lost or Stolen
    • Depositor Compensation Scheme (DCS)

    FX and International Payments

    • How do I exchange currencies?
    • Which currencies can I open a corporate account in?
    • Can I make payments in USD or GBP?
    • Why did my USD or GBP payment fail?

    Managing Your Account and Company Details

    • How do I update my company details?
    • What if my company has had shareholding changes?
    • How do I close my account?

    User Access and Internet Banking Roles

    • How do I add or remove a user?
    • How do I set up multiple users on a business account?
    • Is online banking available on mobile?

    Login, SMS Verification and Account Access

    • I’m not receiving my SMS verification code. What should I do?
    • How do I change the mobile number used for SMS verification?
    • I can’t log in to internet banking. What should I do?
    • What should I do if my account is locked ?
    • How do I update the mobile number registered for SMS authentication?

    Statements, Audit Letters and Payment Confirmations

    • How do I request a bank statement?
    • How do I request an audit confirmation or bank letter?
    • How do I obtain proof of payment?
    • I'm a payment institution. How do I obtain safeguarding audit information?
    • How do I request a bank reference letter or authorisation letter?
    • How much does a bank letter cost?
    • Can I get a bank letter on the same day?
    • I'm not receiving my MT940 statements as expected. What should I check?
    • Can I receive my account statements in MT940 format?

    Account and Maintenance Fees

    • Where can I find information about my fees?
    • What happens if account fees are overdue?

    KYC Reviews and Compliance Requests

    • I received a KYC review request. What do I need to do?

    Credit Facilities and Bank Guarantees

    • Does Lidion Bank offer loans or revolving credit facilities?
    • Can Lidion Bank issue a Bank Guarantee?

    Client Support

    • How can I contact client support?
    • What are the response times for enquiries?
    • I submitted an enquiry via the Lidion Bank website. When will I receive a response?

    Feedback & Complaints

    • How do I access the Lidion Bank FAQs?
    • How do I provide feedback or suggestions?
    • How do I submit a complaint?

    Additional Information Requests

    • I received a request for additional information from Lidion Bank's client relations team. What should I do?
    • How do I securely send sensitive documents to Lidion Bank?
    • How long do I have to respond to an additional information request?
    • Lidion Bank asked me to clarify a transaction. Why?
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