Overview
Pleo, at a glance.
Pleo is an e-money institution headquartered in Denmark, regulated by FCA, Danish FSA. Business accounts cost from £8 a month. Opening an account takes 3–5 days.
Funds are held in safeguarded client accounts, separate from Pleo's own money.
Why businesses pick Pleo
- Cards for every employee, with limits and receipt capture
- Balances in EUR, GBP, USD, DKK, SEK and NOK, with no exchange fee when you pay in a currency you hold
- Open to sole traders as well as companies
- First physical card and all virtual cards are free
- Applications are usually reviewed in two to four business days
Watch out for
- Priced per user, from £8 a month
- Spending in a currency you do not hold costs 1.49% to 2%
- A spending account, not a full account for receiving customer payments
- Accepted countries and industries are not published
- Top-ups must come from a bank account in the company's own name
Business fit
Will Pleo 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 Pleo's published rules
Needs review
Pleo works with Startups and SMEs, but does not publish the countries it accepts companies from.
Pleo 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 Pleo publishes about the businesses it takes on.
Who Pleo serves
- Startups and SMEs
- Executives and finance teams
- IT and software
- Professional services
Not supported
Industries and countries Pleo does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Pleo?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
6 currencies
- EUR
- USD
- GBP
- DKK
- NOK
- SEK
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Sole traders
Pricing
What does Pleo 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
Not published
Monthly fee
£8–18
depends on plan
Start
Lowest cost£8 per month
Setup fee not published
Build
£14 per month
Setup fee not published
Optimise
£18 per month
Setup fee not published
Transaction fees
Ranges span the plans; higher plans pay the lower end.
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
| Physical card issue | Free | No charge · First card; a replacement costs £5 to £10 |
| Card FX | 1.49–2% | Percentage of the amount; varies by plan · When you do not hold the currency; by plan |
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 Pleo a bank?
No. Pleo Financial Services UK Ltd is an e-money institution authorised by the FCA, reference 1020730, and Pleo Financial Services A/S is regulated in Denmark. Funds are safeguarded.
How much does Pleo cost?
Plans are priced per user: Start £8 a month, Build £14 and Optimise £18. The first physical card and virtual cards are free. Spending in a currency you do not hold costs 1.49% to 2%.
Can sole traders use Pleo?
Yes. Sole traders can sign up as well as companies.
Which currencies does Pleo hold?
EUR, GBP, USD, DKK, SEK and NOK.
Alternatives
How Pleo compares.
If Pleo is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| PleoThis pageE-money institution |   | Expense cardsSpend management |
 SoldoE-money institution |  | Expense cardsSpend management |
 SpendeskPayment institution |  | Expense cardsSpend management |
 PayhawkE-money institution |  | Expense cardsSpend management |
 Revolut BusinessBank | | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.