Overview
Fire, at a glance.
Fire is a payment institution headquartered in Ireland, regulated by Central Bank of Ireland, FCA. Business accounts cost €10 a month. Opening an account takes 3–5 days. Non-residents are accepted: directors and owners may live in or be citizens of any EU country or the UK, and other countries are considered on request.
Customer funds are safeguarded in designated accounts, separate from Fire's own money. Fire is not a bank, and the Irish Deposit Guarantee Scheme and the UK FSCS do not apply.
Why businesses pick Fire
- Euro and sterling accounts as standard, with an Irish IBAN and UK account details
- Licensed in both Ireland and the UK
- A flat €10 or £10 a month with no opening fee
- Payouts in 14 currencies at an exchange fee of 0.75%
- An API, batch payments and open-banking collections for automating payments
- Accepts non-residents: directors and owners may live anywhere in the EU or the UK
Watch out for
- Only for businesses incorporated in the UK or Ireland; other countries on request
- Every bank transfer in or out costs €0.29 or £0.29, and so does each card payment
- Balances are held in euro and sterling only
- Crypto-related activity is not supported, and such payments are returned
- No virtual cards
- Trustpilot score of 2.0 from 238 reviews
Business fit
Will Fire 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 Fire's published rules
Likely fit
Fire lists both United Kingdom companies and Startups and SMEs as accepted.
Fire 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 Fire publishes about the businesses it takes on.
Who Fire serves
- Startups and SMEs
- Freelancers
- NGOs and charities
- iGaming
- Travel
- Marketplaces
Not supported
Industries and countries Fire does not accept, from its own published lists.
Industries
- Cryptocurrency-related activity
Countries
- Not published
Coverage
Where can you use Fire?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR and GBP accounts
Hold and receive · 2 currencies
- EUR
- GBP
Pay out · 14 currencies
- EUR
- USD
- GBP
- CAD
- AUD
- CZK
- DKK
- HKD
- HUF
- NOK
- PLN
- RON
- SEK
- SGD
Payment reach
Not published
Who can apply
Company incorporation countries2 countries · show list
- United Kingdom
- Ireland
Owner nationality and residency28 countries · show list
- 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
- United Kingdom
Company types
Limited companies, Partnerships and limited partnerships, Sole traders (UK or Ireland), Charities
Pricing
What does Fire 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
Free
Monthly fee
€10
Business Account
€10 per month
€0 setup · €120 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | €0.29 | Fixed fee |
| Faster Payments (GBP) | £0.29 | Fixed fee |
| SWIFT / international | €12 | Fixed fee · £10 into the sterling account |
| Outgoing | ||
| SEPA | €0.29 | Fixed fee |
| Faster Payments (GBP) | £0.29 | Fixed fee |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.75%, min €1.25 | Percentage, with a minimum charge |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · First card; each further card costs €10 or £10 |
| Card FX | 2% | Percentage of the amount · Outside euro and sterling |
| ATM withdrawal | €2.5 | Fixed fee |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Fire a bank?
No. Fire Financial Services Limited is a payment institution authorised by the Central Bank of Ireland, reference C58301, and its UK company is an e-money institution authorised by the FCA, reference 900983. Customer funds are safeguarded; deposit guarantee schemes do not apply.
How much does Fire cost?
The Business Account costs €10 or £10 a month, with no opening fee. Each bank transfer in or out costs €0.29 or £0.29, receiving a SWIFT payment costs €12 or £10, and currency exchange costs 0.75%.
Who can open a Fire account?
Businesses incorporated in the UK or Ireland, including limited companies, partnerships, charities and sole traders. Directors and owners may live in or be citizens of the EU or the UK. Other countries are considered on request.
Which currencies does Fire support?
The account holds euro and sterling. You can pay out in 14 currencies, and SWIFT payments received in other currencies are converted into your euro or sterling account.
Alternatives
How Fire compares.
If Fire is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 FireThis pagePayment institution |   | EUR and GBPAPI |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 Equals MoneyPayment institution | | Multi-currency IBANExpense cards |
 TideE-money institution | | Free planNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.