Overview
Equals Money, at a glance.
Equals Money is a payment institution headquartered in the United Kingdom, regulated by FCA. Opening an account takes 3–5 days.
Client funds are held in designated safeguarding accounts at UK banks, separate from Equals' own money. Not covered by FSCS deposit insurance.
Why businesses pick Equals Money
- One multi-currency IBAN for 37 currencies
- Payments out in 60 currencies
- Expense cards free to use in 21 currencies
- A specialist account manager
Watch out for
- Account, transfer and FX prices are not published
- Physical cards cost £10 each
- Cash withdrawals cost £1.50
- No deposit insurance; funds are safeguarded instead
Business fit
Will Equals Money 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 Equals Money's published rules
Needs review
Equals Money works with iGaming, but does not publish the countries it accepts companies from.
Equals Money 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 Equals Money publishes about the businesses it takes on.
Who Equals Money serves
- iGaming
- Crypto
- Forex
- Travel
- Import and export
- Education
Not supported
Industries and countries Equals Money does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Equals Money?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
37 currencies
Hold and receive · 37 currencies
- AED
- AUD
- BBD
- BHD
- CAD
- CHF
- CZK
- DKK
- EUR
- GBP
- GHS
- HKD
- HUF
- ILS
- JPY
- KES
- MWK
- MXN
- NOK
- NZD
- OMR
- PHP
- PKR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- TZS
- UGX
- USD
- ZAR
- ZMW
Pay out · 60 currencies
- AED
- AUD
- BBD
- BDT
- BHD
- BWP
- CAD
- CHF
- CNY
- CZK
- DKK
- ETB
- EUR
- GBP
- GHS
- GMD
- HKD
- HUF
- ILS
- INR
- JOD
- JPY
- KES
- KRW
- KWD
- LKR
- MAD
- MGA
- MUR
- MWK
- MXN
- MZN
- NGN
- NOK
- NPR
- NZD
- OMR
- PGK
- PHP
- PKR
- PLN
- QAR
- RON
- RWF
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- TTD
- TZS
- UGX
- USD
- XAF
- XCD
- XOF
- ZAR
- NAD
- ZMW
Card spending · 21 currencies
- GBP
- EUR
- USD
- AUD
- CAD
- CHF
- CZK
- DKK
- HKD
- HUF
- ILS
- JPY
- NOK
- NZD
- PLN
- RON
- SEK
- SGD
- TRY
- ZAR
- AED
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Sole traders and freelancers, Charities
Pricing
What does Equals Money 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
Not published
Monthly fee
Not published
Business account
Custom
Account fees are quoted on request
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
| Physical card issue | £10 | Fixed fee · One-off, per card |
| Card FX | 0–1.5% | Percentage of the amount; varies by plan · Free in 21 currencies, 1.5% in any other |
| ATM withdrawal | £1.5 | Fixed fee |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Short form
Company name, registration number, addresses, directors and owners of 25% or more.
- 2
Full application
How you expect to use the account, and your payment and card needs.
- 3
Identity check
Photo ID and a selfie.
- 4
Account live
Once approved, log in and add funds.
Documents you need
- Valid photo ID such as passport or driving licence
- National ID card may be accepted in the identity flow
- Registered company name, registration number, registered and trading address
- Director details
- Details of owners with 25% or more
Sometimes requested
- EU proof of address
- Visa and residency permit if the EU applicant is not an EEA national
FAQ
Your questions, answered.
Is Equals Money a bank?
No. Equals Money PLC is a payment institution authorised by the UK FCA, reference number 488396. Client funds are safeguarded but not covered by FSCS deposit insurance.
How much does an Equals Money account cost?
Equals publishes its card prices only: virtual cards are free, physical cards cost £10 each and cash withdrawals cost £1.50. Account, transfer and FX fees are quoted on request.
Which currencies does Equals Money support?
The multi-currency IBAN holds 37 currencies, payments can be sent in 60, and cards are free to use in 21.
Does Equals Money offer cards?
Yes. Equals issues virtual and physical Mastercard expense cards with role-based spending controls.
Which payment networks does Equals Money use?
The business account connects to UK Faster Payments, SEPA and SWIFT.
Alternatives
How Equals Money compares.
If Equals Money is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Equals MoneyThis pagePayment institution |  | Multi-currency IBANExpense cards |
 3S MoneyE-money institution |   | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.