Overview
Emerald24, at a glance.
Emerald24 is an e-money institution headquartered in the United Kingdom, regulated by FCA, DFSA. Business accounts cost from £25 a month. Opening an account takes 2–5 days. Non-residents are accepted: owners can live outside the UK, EEA and Switzerland, on a higher price group.
Customer funds are safeguarded in segregated accounts at UK and EU banks. Not covered by FSCS deposit insurance.
Why businesses pick Emerald24
- UK account number and sort code on Faster Payments, BACS and CHAPS
- Accepts non-residents: owners can live outside the UK, EEA and Switzerland
- Multi-currency IBANs in 21 currencies
- A dedicated account manager by email and phone
Watch out for
- Fees rise with risk group: £25, £45 or £90 a month
- International and CHAPS payments cost from €40 each
- US companies and US-linked owners are not accepted
- Cards cost €10 a month, plus €10 to €20 to issue
Business fit
Will Emerald24 accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Emerald24's published rules
Likely fit
Emerald24 lists both United Kingdom companies and E-commerce as accepted.
Emerald24 does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Emerald24 publishes about the businesses it takes on.
Who Emerald24 serves
- E-commerce
- Import and export
Not supported
Industries and countries Emerald24 does not accept, from its own published lists.
Industries
- Arms, defence, military
- Nuclear power
- Red light business/Adult entertainment
- Marijuana-related entities
- Insurance and re-insurance services
- Forex
- ICO (Initial Coin Offering)
- Multi-level marketing
- Unregulated charities, social service organisations and other non-profit or political organisations
- Non-Government Organisations
- Embassies, consulates
- Shell banks
- Unlicensed service providers, where a licence would be required according to the normative acts of the UK
- Ownership of the company through bearer shares
- Persons acting in the interests/for the benefit of third parties
- Sanctioned persons; persons owned or controlled by sanctioned persons
- Companies incorporated in the US
- Private individuals related to the US
- Companies where beneficial owners are related to the US
- Private individuals residing in prohibited countries
- Companies incorporated and individuals residing in prohibited countries, as well as companies with account signatories / shareholders-legal entities / UBOs incorporated / residing in prohibited countries
- Companies / individuals whose activities (supply of goods / provision of services) are related to prohibited countries
Countries
- Afghanistan · owners
- Belarus · owners
- Burundi · owners
- Central African Republic · owners
- Cuba · owners
- Ethiopia · owners
- Guinea · owners
- Guinea-Bissau · owners
- Haiti · owners
- Iran · owners
- Iraq · owners
- Lebanon · owners
- Libya · owners
- Mali · owners
- Myanmar (Burma) · owners
- Nicaragua · owners
- North Korea · owners
- Pakistan · owners
- Palestinian Territories · owners
- Russia · owners
- Somalia · owners
- South Sudan · owners
- Sudan · owners
- Syria · owners
- Congo - Kinshasa · owners
- Tunisia · owners
- Venezuela · owners
- Yemen · owners
- Zimbabwe · owners
- United States · owners
- Afghanistan · company or owners
- Belarus · company or owners
- Burundi · company or owners
- Central African Republic · company or owners
- Cuba · company or owners
- Ethiopia · company or owners
- Guinea · company or owners
- Guinea-Bissau · company or owners
- Haiti · company or owners
- Iran · company or owners
- Iraq · company or owners
- Lebanon · company or owners
- Libya · company or owners
- Mali · company or owners
- Myanmar (Burma) · company or owners
- Nicaragua · company or owners
- North Korea · company or owners
- Pakistan · company or owners
- Palestinian Territories · company or owners
- Russia · company or owners
- Somalia · company or owners
- South Sudan · company or owners
- Sudan · company or owners
- Syria · company or owners
- Congo - Kinshasa · company or owners
- Tunisia · company or owners
- Venezuela · company or owners
- Yemen · company or owners
- Zimbabwe · company or owners
- United States · company or owners
Coverage
Where can you use Emerald24?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
21 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- JPY
- AED
- BGN
- CZK
- DKK
- HKD
- HUF
- MXN
- NOK
- NZD
- PLN
- RON
- SEK
- SGD
- TRY
- ZAR
Payment reach
Not published
Who can apply
Company incorporation countries220 countries · show list
- 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
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- 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
- 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
- Guyana
- 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
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Niger
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Palau
- 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
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- U.S. Virgin Islands
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Vietnam
- Wallis & Futuna
- Western Sahara
- Zambia
Owner nationality and residency220 countries · show list
- 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
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- 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
- 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
- Guyana
- 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
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Niger
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Palau
- 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
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- U.S. Virgin Islands
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Vietnam
- Wallis & Futuna
- Western Sahara
- Zambia
Company types
Limited companies, Other registered business entities
Pricing
What does Emerald24 cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From £180
depends on plan
Monthly fee
£25–90
depends on plan
UK, EEA or Swiss company, local owners
Lowest cost£25 per month
£180 setup · £480 in year one
UK, EEA or Swiss company, international owners
£45 per month
£450 setup · £990 in year one
Company from elsewhere
£90 per month
£900 setup · £1,980 in year one
Transaction fees
| Cost | UK, EEA or Swiss company, local owners | UK, EEA or Swiss company, international owners | Company from elsewhere | How it is charged |
|---|---|---|---|---|
| Outgoing | ||||
| SEPA | €1–20 | €5–35 | €20–80 | Fixed fee; varies by plan · By payment size: lowest up to €1,000, highest above €100,000 |
| Faster Payments (GBP) | £1 | £1 | £20 | Fixed fee |
| CHAPS (GBP) | €40–100 | €40–100 | €50–120 | Fixed fee; varies by plan · By payment size: lowest up to €15,000, highest above €100,000 |
| SWIFT / international | €40–100 | €40–100 | €50–120 | Fixed fee; varies by plan · By payment size: lowest up to €15,000, highest above €100,000 |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 1% | Percentage of the amount · Currency pairs without GBP, USD or EUR |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | €10 | Fixed fee |
| Physical card issue | €20 | Fixed fee |
| Monthly card fee | €10 | Fixed fee |
| Card FX | 3% | Percentage of the amount |
| ATM withdrawal | 2%, min €2.5 | Percentage, with a minimum charge · 2.5% outside the SEPA area |
Onboarding
From application to live account.
Emerald24 states 2 to 5 business days from application to a live account.
- 1
Online application
Personal and business information.
- 2
Documents
Identity, company, ownership and address documents.
- 3
Verification
A liveness and identity check, with further checks where needed.
- 4
Account live
Compliance approves the application and you get access.
Documents you need
- Certificate of incorporation or equivalent
- Memorandum and Articles of Association or governing rules
- Recent corporate-register extract
- Shareholder/ownership and control structure
- Identity documents for directors, UBOs and representatives
- Business-operations supporting documents
- Recent proof of address
FAQ
Your questions, answered.
Is Emerald24 a bank?
No. Emerald Financial Group (UK) Ltd, trading as Emerald24, is an e-money institution authorised by the UK FCA, reference number 900908. Customer funds are safeguarded but not covered by FSCS deposit insurance.
How much does an Emerald24 business account cost?
It depends on the price group. A UK, EEA or Swiss company with local owners pays £180 to open and £25 a month. With international owners it is £450 and £45 a month. Companies from elsewhere pay £900 and £90 a month. A UK-only GBP account is free to open and costs £5 a month.
Can non-residents open an Emerald24 account?
Yes. Companies whose owners or representatives live outside the UK, EEA and Switzerland are accepted on a higher price group.
Which businesses does Emerald24 not accept?
Its prohibited list includes arms and defence, adult entertainment, marijuana, insurance, forex, ICOs, multi-level marketing, unregulated charities, shell banks, and companies or owners linked to the United States.
How long does it take to open an Emerald24 account?
Emerald24 states two to five business days once the documents are complete.
Does Emerald24 offer cards?
Yes. Virtual and physical Mastercard business cards in EUR. A virtual card costs €10 to issue, a physical card €20, and each card €10 a month.
Alternatives
How Emerald24 compares.
If Emerald24 is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Emerald24This pageE-money institution |   | UK local railsNon-residents accepted |
 3S MoneyE-money institution |  | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
 Equals MoneyPayment institution | | Multi-currency IBANExpense cards |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.