Overview
OMG.one, at a glance.
OMG.one is an e-money institution headquartered in the United Kingdom, regulated by Financial Conduct Authority. Business accounts cost from £0 a month. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
Omega is an e-money institution, not a bank. Client funds are safeguarded in designated accounts separate from its own money; FSCS protection does not apply.
Why businesses pick OMG.one
- Directors from over 160 countries accepted, with UK company formation on offer
- 37 currencies to hold and pay out, including AED, KES, GHS and MUR
- Free incoming payments on every plan
- UK company formation, accounting and legal services from the same provider
- Applications can be decided in minutes
Watch out for
- A UK company is needed: Omega forms one if you do not have it
- SWIFT payments cost £20 to £50 and FX 0.25% to 1%, plus up to 1% outside UK hours
- Payments to higher-risk countries carry 0.1% to 0.75% extra
- A balance charge from 0.05% to 0.5% depending on the plan
- No cards yet
Business fit
Will OMG.one 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 OMG.one's published rules
Needs review
OMG.one works with Import and export, but does not publish the countries it accepts companies from.
OMG.one 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 OMG.one publishes about the businesses it takes on.
Who OMG.one serves
- Import and export
- IT and software
- Startups and SMEs
- E-commerce
Not supported
Industries and countries OMG.one does not accept, from its own published lists.
Industries
- Money Service Businesses (MSBs) involved with cash transactions
- Cryptocurrency firms
- Offshore banking
- Cash-based businesses
- Correspondent banking
- Non-UK registered charities
- Non-registered charities
- Adult entertainment
- Shell companies
- Fake goods or counterfeit consumer products
- Cannabis cultivation
Countries
- Afghanistan · owners
- Belarus · owners
- Bosnia & Herzegovina · owners
- Burundi · owners
- Central African Republic · owners
- Congo - Kinshasa · owners
- Cuba · owners
- Eritrea · owners
- Guinea · owners
- Guinea-Bissau · owners
- Haiti · owners
- Iran · owners
- Iraq · owners
- Lebanon · owners
- Libya · owners
- Mali · owners
- Myanmar (Burma) · owners
- Nicaragua · owners
- North Korea · owners
- Russia · owners
- Somalia · owners
- South Sudan · owners
- Sudan · owners
- Syria · owners
- Venezuela · owners
- Yemen · owners
- Zimbabwe · owners
Coverage
Where can you use OMG.one?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
37 currencies
Hold and receive · 36 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- BGN
- BHD
- CNY
- CZK
- DKK
- GHS
- HKD
- HUF
- ILS
- JOD
- KES
- KWD
- MUR
- MXN
- NOK
- NZD
- OMR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- UGX
- ZAR
Pay out · 36 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- BGN
- BHD
- CNY
- CZK
- DKK
- GHS
- HKD
- HUF
- ILS
- JOD
- KES
- KWD
- MUR
- MXN
- NOK
- NZD
- OMR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- UGX
- ZAR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
UK private limited companies, UK public limited companies, LLPs and limited partnerships, UK charitable incorporated organisations and companies limited by guarantee, New UK companies (formed by Omega)
Pricing
What does OMG.one 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 £0
depends on plan
Monthly fee
£0–199
depends on plan
Startup
Lowest cost£0 per month
£49 setup · £49 in year one
Payments
£49 per month
£0 setup · £588 in year one
Business
£99 per month
£0 setup · £1,188 in year one
Enterprise
£199 per month
£0 setup · £2,388 in year one
Transaction fees
| Cost | Startup | Payments | Business | Enterprise | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| SEPA | Free | Free | Free | Free | No charge |
| Faster Payments (GBP) | Free | Free | Free | Free | No charge |
| SWIFT / international | Free | Free | Free | Free | No charge |
| Outgoing | |||||
| SEPA | €2 | €2 | €2 | €1 | Fixed fee |
| Faster Payments (GBP) | £1 | Free | Free | Free | Fixed fee |
| SWIFT / international | £50 | £30 | £25 | £20 | Fixed fee |
Other fees
Currency exchange (FX)
| Cost | Startup | Payments | Business | Enterprise | How it is charged |
|---|---|---|---|---|---|
| FX markup | 1% | 0.5% | 0.5% | 0.25% | Percentage of the amount · Up to 1% more outside UK working hours |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
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 OMG.one a bank?
No. Omega BaaP Limited is an e-money institution authorised by the FCA, reference 901093. Client funds are safeguarded; FSCS protection does not apply.
How much does OMG.one cost?
Startup has no monthly fee and a £49 opening fee; Payments costs £49 a month, Business £99 and Enterprise £199. SWIFT payments cost £20 to £50 and currency exchange 0.25% to 1% depending on the plan.
Can non-UK residents open an OMG.one account?
Yes. Omega serves directors from over 160 countries for a UK company and can form the UK company for you. Directors who are both nationals and residents of 27 listed countries, including Russia, Iran and Venezuela, are refused.
Which businesses does OMG.one not accept?
Cash-based money service businesses, crypto firms, offshore banking, cash-based businesses, correspondent banking, unregistered or non-UK charities, adult entertainment, shell companies, counterfeit goods and cannabis cultivation.
Alternatives
How OMG.one compares.
If OMG.one is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 OMG.oneThis pageE-money institution |  | Non-residents accepted37 currencies |
 TransferraE-money institution | | Non-residents accepted40+ currencies |
 3S MoneyE-money institution |   | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
 StatrysMoney service operator |   | Hong Kong accountFree account |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.