# Currency Solutions: Business account > A UK payment institution and FX broker with a multi-currency business account: local UK, EU and US account details in your company's name, 34 currencies, no setup or account fee, and a relationship manager for high-value payments. Exchange rates include a markup that is not published. Finzil profile: https://finzil.com/providers/currency-solutions · Provider website: https://currencysolutions.com · Facts checked: 2026-10-20 ## Key facts - **Monthly fee:** £0 - **Setup fee:** Free - **Currencies:** 34 (GBP, EUR, USD and 31 more) - **Onboarding:** 3–5 days (typical) - **Provider type:** Payment institution - **IBAN:** Local UK, EU and US account details in the company's name - **Payment rails:** Bank transfers, international payments to 190+ countries - **Safeguarding:** Segregated accounts - **Remote opening:** Yes - **Headquarters:** United Kingdom - **Currency codes:** EUR, USD, GBP, CHF, CAD, AUD, JPY, AED, BHD, CNH, CZK, DKK, HKD, HUF, IDR, INR, KES, KWD, MXN, MYR, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, UGX, ZAR - **Trustpilot:** 5 from 2,953 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:** Not published - **Countries of incorporation refused:** Not published - **Owner residency accepted:** Not published - **Owner residency refused:** Not published - **Owner nationality refused:** Not published - **Company types accepted:** Limited companies, Limited liability partnerships (LLP), Partnerships, Sole traders ## Industries - **Industries served:** Import and export, E-commerce, Professional services, Financial institutions, Family offices and funds, Travel - **Prohibited industries (provider's own list):** Not published - **Permitted industries (provider's own list):** Commodity traders; eCommerce; Import/export; Consulting and payroll services; IT and outsourcing; Asset management; Corporate service providers; Investment funds and financial institutions; Trusts and family offices; Travel and hospitality ## Licences - United Kingdom: FCA, Payment institution, Currency Solutions Ltd, register no. 512130 (https://register.fca.org.uk/s/firm?id=001b000000NMUx3AAH) - United Kingdom: FCA, Investment firm (regulated products and services), Currency Solutions Ltd, register no. 602082 (https://register.fca.org.uk/s/firm?id=001b000000NMUx3AAH) Safeguarding: Currency Solutions keeps the money it must safeguard in a designated account at an authorised credit institution, separate from its own funds, under the Payment Services Regulations 2017. It is not covered by the FSCS. For clients in the EEA, e-money and payments are provided by CurrencyCloud B.V. (De Nederlandsche Bank); in the US by Visa Global Services Inc. ## Fees Source: https://www.currencysolutions.com/help/what-fees-does-currency-solutions-charge (checked 2026-10-20) ### Plans - **Business account:** Free ### Outgoing - SWIFT / international: Free · Generally free online or by phone; some agreed pricing has a £10 minimum ### Currency exchange (FX) - FX markup: Not published · A markup is added to the exchange rate ## Opening an account Opening an account typically takes three to five business days. 1. **Register.** Register online with the company's registration number. 2. **Checks.** Give proof of address and identification for the owners or directors. 3. **Quote.** Agree your pricing with Currency Solutions. 4. **Account live.** Fund the account and start sending, receiving and exchanging. Documents: Not published ## Pros and cons - Pro: No setup fee and no account fee - Pro: Local UK, EU and US account details in your company's name - Pro: 34 currencies, from GBP, EUR and USD to KES, UGX and the Gulf currencies - Pro: A relationship manager for high-value payments - Pro: Trustpilot score of 5.0 from nearly 3,000 reviews - Con: The exchange-rate markup is not published - Con: Some business payments carry a minimum £10 fee under the agreed pricing - Con: No cards - Con: No list of refused industries or countries published - Con: Communication in English only ## Finzil's take (opinion) Currency Solutions is a long-running UK FX broker with a free multi-currency account and local account details in three markets, and its Trustpilot record is exceptional. Like every broker, its income is the exchange-rate markup, which it does not publish, so compare a live quote with Wise or your bank before moving large sums. ## Alternatives - [Currencies Direct](https://finzil.com/providers/currencies-direct): E-money institution · UK - [Moneycorp](https://finzil.com/providers/moneycorp): Payment institution · UK - [OFX](https://finzil.com/providers/ofx-group): E-money institution · UK - [Equals Money](https://finzil.com/providers/equals-money): Payment institution · UK ## FAQ **Is Currency Solutions regulated?** Yes. Currency Solutions Ltd is authorised by the FCA as a payment institution (512130) and for regulated investment products (602082). Money it holds is safeguarded, not covered by the FSCS. **How much does a Currency Solutions business account cost?** No setup fee and no account fee. Transfers are generally free online or by phone, though some agreed pricing has a £10 minimum; a markup is added to the exchange rate. **Which businesses can open an account?** Sole traders, partnerships, limited companies and LLPs based in the UK. Businesses in the EEA and elsewhere outside the US can be onboarded on a reverse-solicitation basis; EEA accounts are provided by CurrencyCloud B.V. **Which currencies are supported?** 34 named on its site, including GBP, EUR, USD, AUD, CAD, CHF, CNH, HKD, INR, JPY, SGD, AED, SAR, KES and UGX. --- Finzil (finzil.com) is an independent directory of business accounts. No paid placement. Find providers that accept your business: https://finzil.com/find