# Fondy: Business account and payment acceptance (UK, FONDY LTD)

> A UK e-money institution that combines online payment acceptance with a business account. Merchants take cards, open banking and local payment methods on their website, app or payment links, and settle into a Fondy Flow account with its own IBAN, from which they pay suppliers and partners by Faster Payments. For companies and sole traders registered in the UK or the EEA.

Finzil profile: https://finzil.com/providers/fondy · Provider website: https://fondy.io · Facts checked: 2026-10-24

## Key facts

- **Monthly fee:** from £10 (Standard Account)
- **Currencies:** GBP (Payments accepted in 150 currencies)
- **Onboarding:** From the same day to a week (stated by Fondy)
- **Provider type:** E-money institution
- **IBAN:** IBAN in the company's name
- **Payment rails:** Faster Payments, CHAPS (incoming), SEPA (outgoing)
- **Cards:** Not offered
- **Safeguarding:** Safeguarded at UK banks
- **Remote opening:** Yes
- **Non-residents:** Accepted if resident in the UK or the EEA
- **Headquarters:** United Kingdom
- **Currency codes:** GBP
- **Local account details:** GBP (IBAN, Faster Payments, CHAPS)
- **Trustpilot:** 1.8 from 144 reviews (checked 2026-10-24)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Accepted if resident in the UK or the EEA. Non-residents are accepted if they live in the UK or the EEA: Fondy's account terms require owners and directors to be legally resident in the UK or the EEA, and the company must be registered there.
- **Countries of incorporation accepted:** Austria, Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom (only these)
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Registered companies (Ltd, LLC, GmbH and similar), Sole proprietors and freelancers

## Industries

- **Industries served:** E-commerce, Marketplaces, SaaS, Freelancers
- **Prohibited industries (provider's own list):** 3rd party aggregation; Adult contents merchants; Any goods, products, services, or distributions prohibited by any applicable law or under the card schemes’ requirements; Any illegal internet content; Cannabis seeds; CFD trading, binary or digital options; Child abuse imagery or anything that suggests child pornography, including any website that uses the following terminology to market their product: “Lolita”, “Paedo”, “Preteen”, etc; Collection agencies; Counterfeit products or replicas; Credit repair companies; Cryptocurrency merchants; Cyber lockers or files sharing or storage for pictures, movies, etc. where IP can be breached or child abuse imagery can be distributed; Dating services; Drug paraphernalia; Essays and dissertations; ESTA, immigration or visa passport apps; Extended warranties; Fake prestige or credentials, fake academic papers, etc; Gambling; Game boosters; Get rich schemes; Government IDs, documents, or uniforms; Government loans; Hacking and cracking materials; HCG weight loss products; High-value dealers (other than diamonds or precious metals dealers); Illegal substances and products (e.g. drugs, human organs, weapons); Jailbreaker equipment or software (cable descramblers and copyright unlocking devices or technologies, modification chips, HD and Blu-ray Disc description devices, cell phone jammers); Loan modification; Medical consultation; Medicinal marijuana; Merchants involved with bestiality or anything that suggests bestiality; Merchants involved with rape, hate, violence, incest, or anything that suggests rape, hate, violence, or incest; Monetization based on free offered services (will most likely be in violation of ULA); Outbound telemarketing; Payday lenders; Penny auctions; Precious metals or materials; Pyramid schemes; Pyrotechnic devices and hazardous materials; Services, that can be retrieved for free; Social media services (followers and likes sellers); Stamps and coins; Telemarketing companies involved with chain letters; Ticket brokers; Timeshare; Tobacco & electronic cigarettes; Unauthorized copyright media or software; Unlicensed lawyers or legal services (source: https://fondy.io/gb/prohibited-list)

## Licences

- United Kingdom: FCA, E-money institution, FONDY LTD, register no. 900705 (https://register.fca.org.uk/s/firm?id=001b000003YE3JhAAL)

Safeguarding: FONDY LTD is an electronic money institution authorised by the FCA (FRN 900705). It says it holds 100% of customers' e-money at UK FCA-regulated credit institutions. E-money is not a bank deposit and is not covered by the FSCS.

## Fees

Source: https://fondy.io/gb/pricing (checked 2026-10-24)

### Plans

- **Standard Account:** 10 GBP a month

### Incoming

- Faster Payments (GBP): Free
- From another Fondy account: Free

### Outgoing

- SEPA: From €1
- Faster Payments (GBP): £1
- CHAPS (GBP): Not offered · CHAPS is incoming only: £25 per payment received
- To another Fondy account: Free

### Payment acceptance

- Card payments: 1.4% + £0.2 · UK debit and credit cards; EEA cards 2% + £0.20; international cards 3.2% + £0.20. Refund £0.50, chargeback £25

### Currency exchange (FX)

- FX markup: Not published

## Opening an account

Fondy says sign-up takes from the same day to a week, depending on its verification checks.

1. **Sign up.** Start on fondyflow.io: choose registered company or sole proprietor and the country the business is based in.
2. **Business details.** Enter your details and the company's.
3. **Identity check.** Verify your identity online (Sumsub) and upload the documents requested; payment acceptance also needs a working website or business page.
4. **Account live.** Fondy says sign-up takes from the same day to a week, depending on its checks.

Documents: A fully operational website or business page (for payment acceptance); Company documents; Identity verification of the people behind the business

## Pros and cons

- Pro: Payment acceptance and a business account from one provider: card takings settle into the Fondy account
- Pro: Published card rates: 1.4% + £0.20 for UK cards, 2% + £0.20 for EEA cards
- Pro: No setup fee; incoming Faster Payments and transfers between Fondy accounts are free
- Pro: Split payments, payouts and sub-account wallets for marketplaces and platforms
- Pro: Opened online, also for companies whose owners live elsewhere in the EEA
- Con: Trustpilot 1.8 from 144 reviews; the three reviews of the last 12 months report held settlements and unreliable service
- Con: The account holds GBP only for now; other currencies are announced as coming soon
- Con: No business cards, direct debits or standing orders on the account
- Con: Limits: £25,000 a day out by Faster Payments, one user and three accounts per customer
- Con: Gambling, crypto, CFDs, dating and 45 other activities are not accepted
- Con: UK prices and terms date from August 2024, and fondy.eu says Fondy Ltd does not hold funds for its EU gateway

## Finzil's take (opinion)

Fondy puts card acceptance and a UK account with an IBAN in one place, with published card rates and UK and EEA owners welcome. Its recent reviews about held settlements and an account still limited to GBP are reasons to test it with low volumes first.

## Alternatives

- [Viva.com](https://finzil.com/providers/viva-com): Bank · Greece
- [SumUp](https://finzil.com/providers/sumup): Business account · United Kingdom
- [Stripe](https://finzil.com/providers/stripe): E-money institution · Ireland
- [Eqwire](https://finzil.com/providers/eqwire): E-money institution · UK

## FAQ

**Is Fondy regulated?**

Yes. FONDY LTD (company 10063984) is an Authorised Electronic Money Institution on the FCA register, FRN 900705, since August 2017. It holds customers' e-money at UK FCA-regulated banks; e-money is not covered by the FSCS.

**Does Fondy offer both an account and payment acceptance?**

Yes. The Fondy Business Account (Flow) is an e-money account with its own IBAN for receiving and sending GBP by Faster Payments. Fondy's payment gateway takes cards, open banking and local methods such as Apple Pay, Google Pay, BLIK and iDEAL, and settles the takings into that account.

**How much does Fondy cost?**

The Standard Account is from £10 a month. Faster Payments in are free and out cost £1; CHAPS payments received cost £25. Card payments cost 1.4% + £0.20 for UK cards, 2% + £0.20 for EEA cards and 3.2% + £0.20 for international cards; a chargeback costs £25.

**Who can open a Fondy account?**

Companies and sole proprietors based in the UK or one of 30 EEA countries and Gibraltar listed on its application form. Owners and directors must be legally resident in the UK or the EEA.

**What does Fondy not accept?**

Its prohibited list has 49 entries, including gambling, cryptocurrency merchants, CFD and binary options trading, dating services, adult content, tobacco and e-cigarettes, payday lenders and timeshare.

**What do Fondy's reviews say?**

Fondy scores 1.8 from 144 reviews on Trustpilot. The three reviews posted in the last 12 months are all 1 star and report settlements held for months and an unreliable service; older reviews are mostly about declined applications.

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