# Keytom: Business account

> A business account from Keytom, a Canadian money services business: a EUR IBAN in your company's name with SEPA and SEPA Instant, a USD account with ACH, Fedwire and SWIFT, and crypto balances in 11 coins. €1,000 to open after approval, no monthly fee. It names iGaming, CFD brokers and crypto among the industries it serves.

Finzil profile: https://finzil.com/providers/keytom · Provider website: https://keytom.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** €0
- **Setup fee:** €1,000 (paid after approval)
- **Currencies:** 2 (EUR and USD; 11 crypto coins)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Money services business (Canada)
- **IBAN:** EUR IBAN and USD account in the company's name
- **Payment rails:** SEPA, SEPA Instant, ACH, Fedwire, SWIFT
- **Safeguarding:** Segregated accounts
- **Remote opening:** Yes
- **Non-residents:** Accepted
- **Headquarters:** Canada
- **Trustpilot:** 4.3 from 37 reviews (checked 2026-10-20)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Accepted. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
- **Countries of incorporation accepted:** Åland Islands, Algeria, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, 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, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, 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, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, San Marino, São Tomé & Príncipe, Saudi Arabia, 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, Sudan, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vatican City, Venezuela, Vietnam, Wallis & Futuna, Western Sahara, Yemen, Zambia (only these)
- **Countries of incorporation refused:** Afghanistan, Albania, American Samoa, Bahamas, Barbados, Belarus, Botswana, Cambodia, Central African Republic, Cuba, Congo - Kinshasa, Ethiopia, Ghana, Haiti, Iran, Jamaica, Lebanon, Libya, Mali, Mauritania, Mongolia, Myanmar (Burma), Nicaragua, North Korea, Palestinian Territories, Russia, Samoa, Senegal, Serbia, Somalia, South Sudan, Syria, Trinidad & Tobago, Uganda, Vanuatu, Zimbabwe
- **Owner residency accepted:** Åland Islands, Algeria, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, 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, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, 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, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, San Marino, São Tomé & Príncipe, Saudi Arabia, 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, Sudan, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vatican City, Venezuela, Vietnam, Wallis & Futuna, Western Sahara, Yemen, Zambia
- **Owner residency refused:** Afghanistan, Albania, American Samoa, Bahamas, Barbados, Belarus, Botswana, Cambodia, Central African Republic, Cuba, Congo - Kinshasa, Ethiopia, Ghana, Haiti, Iran, Jamaica, Lebanon, Libya, Mali, Mauritania, Mongolia, Myanmar (Burma), Nicaragua, North Korea, Palestinian Territories, Russia, Samoa, Senegal, Serbia, Somalia, South Sudan, Syria, Trinidad & Tobago, Uganda, Vanuatu, Zimbabwe
- **Owner nationality refused:** Afghanistan, Albania, American Samoa, Bahamas, Barbados, Belarus, Botswana, Cambodia, Central African Republic, Cuba, Congo - Kinshasa, Ethiopia, Ghana, Haiti, Iran, Jamaica, Lebanon, Libya, Mali, Mauritania, Mongolia, Myanmar (Burma), Nicaragua, North Korea, Palestinian Territories, Russia, Samoa, Senegal, Serbia, Somalia, South Sudan, Syria, Trinidad & Tobago, Uganda, Vanuatu, Zimbabwe
- **Company types accepted:** Registered legal entities only (no sole traders or individual entrepreneurs)

## Industries

- **Industries served:** iGaming, Forex, Crypto, Import and export, E-commerce, Travel, Professional services
- **Prohibited industries (provider's own list):** Shell structures and non-transparent entities; Shell banks and shell financial institutions; Companies without physical presence, factual business address or real economic activity; Entities with materially insufficient reporting/transparency; Bearer-share companies; Shell companies and fifth-party payment structures; Downstream correspondent banking arrangements; Unlicensed forex brokers and foreign-exchange intermediaries; Binary options trading; Unlicensed investment or investment ancillary services; Hawala and other informal value-transfer systems; Money orders and traveller's-cheque issuance; Debt recovery services; Cash collection services; Arms, ammunition and dual-use goods; Military-grade security equipment and systems; Explosives, gunpowder and ammunition manufacture; Military fighting-vehicle manufacture; Production of precious metals and precious stones; Nuclear fuel or nuclear-related materials; Unregulated pharmaceuticals; Unregulated food supplements; Legal and illegal substances, including medical marijuana, where prohibited; Cyberlockers and anonymous file storage services; IPTV and unauthorised streaming services; No-value-added or deceptive resale services; Get-rich-quick schemes; Ponzi schemes and pyramid schemes; Unlicensed or unregulated charities; Political or religious organisations with extremist affiliations; Pawnshop services; Detective services; Unregulated auctions; Used car dealerships; Tobacco and alcohol distribution (source: https://keytom.com/customer-acceptance-policy)
- **Permitted industries (provider's own list):** iGaming; CFD brokers; Crypto-related businesses; Import/export; Retail and wholesale; E-commerce; Logistics; Manufacturing; Construction; Travel and hospitality; Professional services; Creative industries

## Licences

- Canada: FINTRAC, Money services business, KEYTOM SERVICES LTD, register no. M21788474 (https://fintrac-canafe.canada.ca/msb-esm/reg-eng)

Safeguarding: Keytom says it is not a bank: fiat accounts, cards and custody come from third-party regulated institutions, which may hold client money in pooled or segregated safeguarding accounts. Crypto is held through Fireblocks and insured up to $100 million (underwritten by Marsh and Munich Re).

## Fees

Source: https://keytom.com/faq (checked 2026-10-20)

### Plans

- **Business account:** Free, setup 1000 EUR

### Incoming

- SEPA: 0.3% + €2.5
- SWIFT / international: 0.4% + $40
- ACH / local USD: 0.4% + $1
- Local transfer from another bank (Fedwire): 0.4% + $20

### Outgoing

- SEPA: 0.5% + €2.5
- SWIFT / international: 0.6%
- ACH / local USD: 0.6% + $1
- Local transfer to another bank (Fedwire): 0.6%

### Currency exchange (FX)

- FX markup: 1% · Fiat to fiat and fiat to crypto; crypto pairs 0.25% to 1%

## Opening an account

Opening an account typically takes three to five business days.

1. **Register.** Open the business route on keytom.com and register the company.
2. **KYB.** Upload the certificate of incorporation, articles, shareholder register, tax ID and proof of address.
3. **KYC.** Verify the shareholders, directors and owners above 20%, and describe the business and its fund flows.
4. **Account live.** After approval and the €1,000 setup fee, receive the EUR IBAN and USD account details.

Documents: Not published

## Pros and cons

- Pro: EUR IBAN and USD account in your company's own name
- Pro: No monthly fee
- Pro: Serves iGaming, CFD brokers and crypto businesses
- Pro: Fiat and 11 crypto coins in one account
- Pro: Trustpilot score of 4.3 from 37 reviews
- Con: €1,000 to open, paid after approval
- Con: Every payment costs a percentage: 0.5% plus €2.50 for SEPA out, 0.6% for SWIFT out
- Con: FX costs 1%
- Con: Only a Canadian money services business registration; accounts come from unnamed partners
- Con: No sole traders; companies linked to 36 refused countries turned away

## Finzil's take (opinion)

Keytom openly courts iGaming, CFD and crypto businesses that mainstream EMIs turn away, and gives them a EUR IBAN and USD account with crypto alongside. You pay for that: €1,000 to open, a percentage on every payment and 1% FX, through a Canadian MSB registration and unnamed partners.

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- [PayDo](https://finzil.com/providers/paydo): E-money institution · UK
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- [BVNK](https://finzil.com/providers/bvnk): E-money institution · UK
- [3S Money](https://finzil.com/providers/3s-money): E-money institution · UK

## FAQ

**Is Keytom a bank?**

No. KEYTOM SERVICES LTD is registered with FINTRAC in Canada as a money services business (M21788474). Fiat accounts, cards and custody are provided by third-party regulated institutions.

**How much does Keytom cost?**

A one-time €1,000 setup fee after approval and no monthly fee. SEPA costs 0.3% plus €2.50 in and 0.5% plus €2.50 out; ACH 0.4% plus $1 in and 0.6% plus $1 out; SWIFT 0.4% plus $40 in and 0.6% out. Keytom says these are its standard prices for low-risk businesses.

**Does Keytom accept iGaming and crypto businesses?**

Keytom lists iGaming, CFD brokers and crypto-related businesses among the industries it onboards, subject to its checks. Gambling payments with its cards are not supported.

**Which countries does Keytom refuse?**

Companies registered or operating in, or with owners living in or holding citizenship of, 40 jurisdictions including Albania, the Bahamas, Barbados, Belarus, Botswana, Ghana, Jamaica, Mongolia, Russia, Serbia and Ukraine's Crimea, Donetsk and Luhansk.

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