# bepi: Business account

> A UK e-money institution for growing cross-border businesses: multi-currency accounts with dedicated or pooled IBANs and local account details, virtual IBANs, SEPA, Faster Payments, SWIFT and CHAPS. Prices are set for each client after registration; cards are coming.

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

## Key facts

- **Monthly fee:** Not published (priced per client)
- **Currencies:** 9 (GBP, EUR, USD and six more)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** E-money institution
- **IBAN:** Dedicated or pooled IBANs, plus virtual IBANs
- **Payment rails:** SEPA, Faster Payments, SWIFT, CHAPS
- **Safeguarding:** Segregated accounts
- **Remote opening:** Yes
- **Headquarters:** United Kingdom
- **Currency codes:** EUR, USD, GBP, CAD, AUD, JPY, HUF, ILS, PLN

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Caribbean Netherlands, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Congo - Kinshasa, Cook Islands, Costa Rica, Côte d’Ivoire, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia & South Sandwich Islands, South Korea, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Western Sahara, Zambia (only these)
- **Countries of incorporation refused:** Afghanistan, Belarus, Central African Republic, Cuba, Iran, Iraq, North Korea, Lebanon, Libya, Myanmar (Burma), Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Owner residency accepted:** Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Caribbean Netherlands, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Congo - Kinshasa, Cook Islands, Costa Rica, Côte d’Ivoire, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia & South Sandwich Islands, South Korea, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Western Sahara, Zambia
- **Owner residency refused:** Afghanistan, Belarus, Central African Republic, Cuba, Iran, Iraq, North Korea, Lebanon, Libya, Myanmar (Burma), Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Owner nationality refused:** Afghanistan, Belarus, Central African Republic, Cuba, Iran, Iraq, North Korea, Lebanon, Libya, Myanmar (Burma), Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Company types accepted:** Registered legal entities

## Industries

- **Industries served:** SaaS, E-commerce, Marketplaces, Travel, Startups and SMEs
- **Prohibited industries (provider's own list):** Artefacts, culturally valuable art and historical objects; Used cosmetics; Counterfeit currency, coins or stamps; Poisons, narcotics, drugs, drug paraphernalia, drug-like substances and related formulas or descriptions; Herbs, noxious weeds and prohibited seeds; Tobacco products; Medical products and medicines including prescription drugs, except dietary supplements; Unlawful electronic devices or surveillance/wiretapping equipment; Modchips, game emulators and boot disks used to bypass copyright protection; Firearms, weapons, guns, knives, pepper spray, stun guns and replicas except lawful sports equipment; Government documents, identification documents, licences, uniforms and police or military goods; Dangerous, hazardous, perishable or restricted goods; Goods or services contrary to public interest, humanity, ethics or morality including human organs or remains; Items encouraging illegal activity; Locksmithing devices; Bulk or unsolicited mailing lists containing personal data; Offensive material promoting hatred or violence; Illegal or sexual services; child sexual-abuse material; escort or prostitution; adult content prohibited by payment-system rules; Slot machines and similar gambling equipment except lawful state-operated lotteries where permitted; Stolen property; Illegal or pirated recordings and copyright-infringing activity; Counterfeit or infringing goods; Goods with no use value or expired goods; Timeshares; Content containing violence or perversions where prohibited by law; Auction or trading systems without actual transfer of goods or services; Shell banks or shell companies and financial instruments that fail proper KYC; Investment or financial pyramid schemes; Fraudulent or deceptive services; Cryptocurrency exchange, wallet or similar virtual-asset services conducted in breach of applicable law; Currency exchange services operating in violation of UK legislation; Deceptive buyer practices and fraudulent fundraising; Terrorism or extremist financing; WMD proliferation financing; Slave trade and human trafficking; Sale of gaming accounts, unauthorised boosting or in-game currency; Other unlawful goods or services (source: https://bepi.uk/documentation/?document=prohibited_industres_and_businesses)
- **Permitted industries (provider's own list):** Fintechs and SaaS platforms; E-commerce and global marketplaces; Digital SMEs and agencies; UK technology start-ups; Travel and cross-border businesses

## Licences

- United Kingdom: FCA, E-money institution, BEPI LTD, register no. 941723 (https://register.fca.org.uk/s/search?q=BEPI)

Safeguarding: bepi keeps customer money separate from its own, in accounts at authorised credit institutions or in secure liquid assets with authorised custodians. It is e-money, not a bank deposit, and the FSCS does not cover it.

## Fees

Source: https://bepi.uk/pricing/ (checked 2026-10-20)

### Plans

- **Business account:** Custom pricing

### Currency exchange (FX)

- FX markup: Not published · Market rate, which may include a markup

### Cards

- Physical card issue: Not offered

## Opening an account

Opening an account typically takes three to five business days.

1. **Register.** Open an account online, verify your email and create a user profile.
2. **Questionnaire.** Give the company's details, expected turnover, transaction volumes and what the account is for.
3. **Pricing.** bepi sets your fee schedule after registration.
4. **Compliance.** Complete onboarding checks; the account is then activated.

Documents: Not published

## Pros and cons

- Pro: Dedicated or pooled IBANs and local account details in several currencies
- Pro: Virtual IBANs for each client or payer
- Pro: SEPA, Faster Payments, SWIFT and CHAPS
- Pro: FCA-authorised e-money institution
- Pro: Published refused-countries and refused-industries lists
- Con: No prices published; fees are agreed after registration
- Con: Cards not available yet
- Con: FX rates may include a markup that is not published
- Con: Companies from Russia, Belarus, Iran and 15 other countries are refused
- Con: Tobacco, prescription medicines, weapons, timeshares and gambling equipment not accepted

## Finzil's take (opinion)

bepi is a small UK e-money institution offering what many larger ones do, multi-currency IBANs and virtual IBANs across the main rails, with a relationship-led sales model. Without published prices it is hard to compare; ask for a written fee schedule and compare it with Payset or 3S Money.

## Alternatives

- [3S Money](https://finzil.com/providers/3s-money): E-money institution · UK
- [Payset](https://finzil.com/providers/payset): E-money institution · UK
- [Wise Business](https://finzil.com/providers/wise): E-money institution · UK, Belgium
- [Equals Money](https://finzil.com/providers/equals-money): Payment institution · UK

## FAQ

**Is bepi a bank?**

No. BEPI LTD is an e-money institution authorised by the FCA, reference 941723. Customer money is safeguarded, not covered by the FSCS.

**How much does bepi cost?**

bepi publishes no prices: each client's fee schedule is set after registration. FX rates are based on market rates and may include a markup.

**Which currencies does bepi support?**

Mainly GBP, EUR and USD, plus AUD, CAD, JPY, PLN, HUF and ILS.

**Which countries does bepi refuse?**

Its list includes Afghanistan, Belarus, Cuba, Iran, Iraq, North Korea, Lebanon, Libya, Myanmar, Russia, Somalia, Sudan, Syria, Venezuela, Yemen, Zimbabwe, the Central African Republic, South Sudan, Crimea and the non-government-controlled areas of Donetsk and Luhansk.

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