Overview
MultiPass, at a glance.
MultiPass is an e-money institution headquartered in the United Kingdom, regulated by FCA, DFSA. Business accounts cost from £100 a month. Opening an account takes 3–5 days.
Client funds are held in segregated client accounts at authorised banks, reconciled daily. FSCS deposit protection does not apply.
Why businesses pick MultiPass
- A dedicated relationship manager on every account
- 71 currencies, with local account details in the UK, EU and US
- Considers offshore companies such as BVI case by case
- Works with licensed gambling, forex, corporate service providers and other sectors many accounts refuse
- Licensed in the UK and in Dubai's financial centre
Watch out for
- Opening costs from £500 and the account from £100 a month
- Each extra user costs £100
- SWIFT payments cost £40 out and £20 in; SEPA payments 0.1% with a €10 minimum
- The exchange margin is not published
- Crypto exchanges without identification, unlicensed gambling and shell companies are not accepted
Business fit
Will MultiPass 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 MultiPass's published rules
Needs review
MultiPass works with Agriculture/soft commodities, but does not publish the countries it accepts companies from.
MultiPass 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 MultiPass publishes about the businesses it takes on.
Who MultiPass serves
- Import and export
- Holding companies
- Forex
- iGaming
- Financial institutions
- IT and software
All 46 industries on MultiPass's accepted list
- Agriculture/soft commodities
- Aviation services
- Accounting and audit
- Asset management
- Auctions
- Business support/administration
- Catering
- Construction/civil engineering
- Consulting
- Corporate service providers
- Dating
- Education
- Events
- Electronic money institutions
- File sharing/hosting
- Financial services
- Forex
- EU-licensed gambling/betting
- Gaming
- Holding companies
- IT
- Insurance
- Intermediation in trade
- Investment services
- Legal services
- Lending services
- Marketing/advertising
- Manufacturing
- Maritime services
- Multimedia
- Non-profits/associations/funds/charities
- E-commerce
- Precious metals/stones
- Pharmaceutical
- Real estate
- Retail
- Recruitment
- High-value goods
- Social networks
- Software
- Sport management
- Telecommunications
- Trade
- Transportation/logistics
- Travel/leisure
- Wholesale
Not supported
Industries and countries MultiPass does not accept, from its own published lists.
Industries
- Unregulated financial services where licensing is required, including pyramid/MLM, Hawala, unlicensed FX brokers, binary options, get-rich-quick schemes and unlicensed/offshore gambling
- Anonymous cryptocurrency exchange facilitation
- Unlicensed security-token facilitation
- Unregulated pharmaceuticals/food supplements
- Piracy or illegal streaming
- Counterfeit goods
- Arms/dual-use goods
- Unregistered/unlicensed charities
- Carbon credits
- Pawnbrokers
- Drug paraphernalia
- Shell companies
- Cash-funded remittances
- Offshore and shell banks
- Adult entertainment
- Servicing illegal goods/services including counterfeit/trademark infringement, human trafficking, child labour and prostitution
- Fifth-party payments and multi-layered MSB arrangements
- Financial institutions paying on behalf of other financial institutions/nested relationships/layering
- Political/religious organisations engaged in hate speech
- IMF Offshore Financial Centres and European Commission tax-blacklist jurisdictions
Countries
- Not published
Coverage
Where can you use MultiPass?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
71 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- ALL
- ARS
- BAM
- BBD
- BDT
- BGN
- BHD
- BRL
- BWP
- CLP
- CNH
- CNY
- COP
- CZK
- DKK
- FJD
- GHS
- HKD
- HUF
- IDR
- ILS
- INR
- JMD
- JOD
- KES
- KRW
- KWD
- LKR
- LSL
- MAD
- MUR
- MWK
- MXN
- MYR
- MZN
- NAD
- NOK
- NZD
- OMR
- PEN
- PGK
- PHP
- PKR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- TTD
- TWD
- TZS
- UGX
- UYU
- VND
- XAF
- XCD
- XOF
- ZAR
- ZMW
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Limited companies, Limited liability partnerships (LLP), Limited partnerships (LP)
Pricing
What does MultiPass 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 £500
Monthly fee
From £100
Business account
£100 per month
£500 setup · £1,700 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | €2 | Fixed fee |
| Faster Payments (GBP) | Free | No charge |
| SWIFT / international | £20 | Fixed fee · €25 or $30 in those currencies |
| ACH / local USD | From 0.15%, min $10 | Percentage, with a minimum charge |
| Outgoing | ||
| SEPA | From 0.1%, min €10 | Percentage, with a minimum charge |
| Faster Payments (GBP) | £1 | Fixed fee |
| CHAPS (GBP) | £20 | Fixed fee |
| SWIFT / international | £40 | Fixed fee · €50 or $60 in those currencies |
| ACH / local USD | From 0.15%, min $10 | Percentage, with a minimum charge |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Online form
Fill in the application; it takes five to ten minutes.
- 2
Specialist call
A specialist contacts you within 48 hours.
- 3
Documents and verification
Send the company documents; applicants and owners complete a face scan or video check.
- 4
Account live
If nothing more is needed, the account can be opened within a day.
Documents you need
- Passport/ID for applicant and relevant UBOs/authorised people
- Proof of address under three months
- Face scan/video verification
- Certificate of Incorporation/Formation
- Registry extract showing directors/shareholders/registration/address
- Articles of Association
- LP/LLP agreement
FAQ
Your questions, answered.
Is MultiPass a bank?
No. MultiPass Platforms Limited is an e-money institution authorised by the UK FCA, reference 900840. Its Dubai branch is authorised by the DFSA. Client funds are safeguarded; FSCS protection does not apply.
How much does a MultiPass account cost?
Opening costs from £500 and the account from £100 a month. A Faster Payment costs £1, a SEPA payment 0.1% with a €10 minimum, and a SWIFT payment £40. Incoming SWIFT payments cost £20.
Does MultiPass accept offshore companies?
BVI and other offshore companies may be considered case by case, depending on the structure and the business.
Which businesses does MultiPass not accept?
Its risk appetite policy excludes unlicensed financial services and gambling, anonymous crypto exchanges, shell companies and offshore banks, arms and dual-use goods, adult entertainment, carbon credits, pawnbrokers and unregistered charities.
Which currencies does MultiPass support?
71 currencies, including GBP, EUR, USD and AED, with local account details in the UK, EU and US.
Does MultiPass offer cards?
Yes. Prepaid Mastercard business cards in GBP or EUR. Virtual cards are free to issue.
Alternatives
How MultiPass compares.
If MultiPass is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 MultiPassThis pageE-money institution |   | Dedicated manager70+ currencies |
 3S MoneyE-money institution |  | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
 IFX PaymentsE-money institution | | Virtual IBANsSpecialist FX |
 Emerald24E-money institution | | UK local railsNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.