# Banxe: Business account

> A UK business account platform: a dedicated IBAN with balances in EUR, GBP and USD, SEPA, Faster Payments, CHAPS and SWIFT, corporate cards and crypto through a partner. Accounts are provided by Tompay LTD, an FCA e-money institution under the same owner. €50 to open and €25 a month.

Finzil profile: https://finzil.com/providers/banxe · Provider website: https://banxe.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** €25
- **Setup fee:** €50
- **Currencies:** 3 (EUR, GBP, USD)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Business account platform; accounts from an FCA e-money institution
- **IBAN:** Dedicated IBAN
- **Payment rails:** SEPA, Faster Payments, CHAPS, SWIFT
- **Cards:** Virtual and physical corporate cards
- **Safeguarding:** Safeguarded
- **Remote opening:** Yes
- **Headquarters:** United Kingdom
- **Currency codes:** EUR, GBP, USD
- **Trustpilot:** 2.7 from 75 reviews (checked 2026-10-20)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Andorra, Australia, Bahrain, Canada, Chile, Dominican Republic, Georgia, Grenada, Hong Kong SAR China, Israel, Japan, Kazakhstan, Liechtenstein, Malaysia, Monaco, Montenegro, New Zealand, Qatar, San Marino, Saudi Arabia, Seychelles, Singapore, South Africa, South Korea, Switzerland, Taiwan, Ukraine, United States, Uruguay, St. Vincent & Grenadines (only these)
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Registered legal entities

## Industries

- **Industries served:** E-commerce, Startups and SMEs, Crypto
- **Prohibited industries (provider's own list):** Not published

## Licences

- United Kingdom: FCA, E-money institution, Tompay LTD, register no. 931509 (https://register.fca.org.uk/)

Safeguarding: Banxe Ltd runs the platform; the accounts and payments are provided by Tompay LTD, an FCA-authorised e-money institution owned by the same person. Funds are held in safeguarding accounts; they are not bank deposits and the FSCS does not cover them. Crypto services come from SIA Paybis Europe, a separate company.

## Fees

Source: https://banxe.com/pricing/business/ (checked 2026-10-20)

### Plans

- **Business account:** 25 EUR a month, setup 50 EUR

### Incoming

- SEPA: 0.2%, min €20 · Maximum €300
- Faster Payments (GBP): Free
- SWIFT / international: 0.2%, min $30 · Maximum $300

### Outgoing

- SEPA: 0.2%, min €20 · Maximum €300
- Faster Payments (GBP): Free
- CHAPS (GBP): £25 · In or out
- SWIFT / international: 0.2%, min $30 · Maximum $300

### Currency exchange (FX)

- FX markup: Not published

### Cards

- Physical card issue: Free
- Delivery: €20
- Express delivery: €100
- Monthly card fee: Free
- Card FX: 1%, min £1 · Card payments in currencies other than GBP; 1% in GBP
- ATM withdrawal: 2%

## Opening an account

Opening an account typically takes three to five business days.

1. **Sign up.** Choose Business Account on banxe.com and register with your email.
2. **Company details.** Give the company's registration extract, address, business activity, shareholders, owners and source of funds.
3. **Verification.** Verify the director's identity and wait for approval by Banxe and its service provider.
4. **Account live.** Top up the account and order cards.

Documents: Not published

## Pros and cons

- Pro: Dedicated IBAN with EUR, GBP and USD balances
- Pro: SEPA, Faster Payments, CHAPS and SWIFT in one account
- Pro: Free Faster Payments and free physical cards
- Pro: Open to companies from the UK, the EU and 31 other countries
- Pro: Crypto (BTC, ETH, TRX, USDC) through Paybis in the same app
- Con: €50 to open and €25 a month
- Con: SEPA and SWIFT cost 0.2% each way, at least €20 or $30
- Con: Card payments cost 1% and ATM withdrawals 2%
- Con: Trustpilot score of 2.7 from 75 reviews
- Con: No list of refused industries published

## Finzil's take (opinion)

Banxe gives a company from the UK, the EU or one of 31 other countries an IBAN with EUR, GBP and USD and every main payment rail, with crypto alongside. The 0.2% charge on SEPA and SWIFT in both directions makes it expensive for regular transfers, and its Trustpilot score is weak; check it against Revolut Business or Wise before choosing it.

## Alternatives

- [Revolut Business](https://finzil.com/providers/revolut): Bank · UK, Lithuania
- [Wise Business](https://finzil.com/providers/wise): E-money institution · UK, Belgium
- [Paysera](https://finzil.com/providers/paysera): E-money institution · Lithuania
- [Bankera](https://finzil.com/providers/bankera): Payment account provider

## FAQ

**Is Banxe a bank?**

No. Banxe Ltd runs the platform. Accounts and payments are provided by Tompay LTD, an e-money institution authorised by the FCA (931509) and owned by the same person as Banxe. Funds are safeguarded, not covered by the FSCS.

**How much does Banxe cost?**

€50 to open and €25 a month. SEPA and SWIFT payments cost 0.2% in each direction (at least €20 or $30, at most €300 or $300); Faster Payments are free and CHAPS costs £25.

**Which countries can open a Banxe business account?**

Companies from the UK, the EU and 31 other countries, including Switzerland, the US, Canada, Australia, Singapore, Hong Kong, Bahrain, Qatar, Saudi Arabia, Ukraine and Georgia.

**Does Banxe offer crypto?**

Yes, BTC, ETH, TRX and USDC, provided by SIA Paybis Europe under its own terms.

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