Overview
SENDS, at a glance.
SENDS is an e-money institution headquartered in the United Kingdom, regulated by Financial Conduct Authority. The business account has no monthly fee. Opening an account takes 3–5 days.
SENDS is a trading name of Smartflow Payments Limited, an e-money institution, not a bank. Customer funds are kept in segregated safeguarding accounts with authorised credit institutions, apart from SENDS's own money.
Why businesses pick SENDS
- No monthly fee
- GBP, EUR and USD accounts with IBANs in the company's name
- Faster Payments, CHAPS, SEPA and SWIFT
- Flat 0.3% fee on currency exchange
- Opened online, usually within 48 hours of the documents
Watch out for
- Only for companies registered in the UK
- £19.99 opening fee, and £100 for each extra currency account
- Outgoing SEPA and SWIFT cost 0.5% plus a fixed fee
- No business card described
- Only 7 Trustpilot reviews, averaging 2.7
Business fit
Will SENDS 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 SENDS's published rules
Likely fit
SENDS lists both United Kingdom companies and IT and software as accepted.
SENDS 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 SENDS publishes about the businesses it takes on.
Who SENDS serves
- IT and software
- Import and export
- Startups and SMEs
Not supported
Industries and countries SENDS does not accept, from its own published lists.
Industries
- Financial institutions
- Non-UK/Non-EU licenced gaming/non-licenced gaming
- Crypto companies or companies getting paid / sending money in crypto currencies
- Adult industry/ pornographers
Countries
- Afghanistan · owners
- Belarus · owners
- Cuba · owners
- Haiti · owners
- Iran · owners
- Iraq · owners
- Lebanon · owners
- Libya · owners
- Myanmar (Burma) · owners
- Nicaragua · owners
- North Korea · owners
- Russia · owners
- Somalia · owners
- South Sudan · owners
- Sudan · owners
- Syria · owners
- Yemen · owners
- Zimbabwe · owners
- Burundi · owners
- Central African Republic · owners
- Congo - Kinshasa · owners
- Palestinian Territories · owners
- Mali · owners
Coverage
Where can you use SENDS?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
3 currencies
Hold and receive · 3 currencies
- EUR
- USD
- GBP
Pay out · 3 currencies
- EUR
- USD
- GBP
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Kingdom
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies (operating companies), Holding companies, with extra checks
Pricing
What does SENDS 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
£19.99
Monthly fee
Free
Business account
£0 per month
£19.99 setup · £19.99 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | €1 | Fixed fee |
| Faster Payments (GBP) | £1 | Fixed fee |
| SWIFT / international | €18 | Fixed fee · €18 or $20, depending on the currency; £15 for GBP cross-border |
| From another SENDS account | Free | No charge |
| Outgoing | ||
| SEPA | 0.5% + €1 | Percentage plus a fixed fee |
| Faster Payments (GBP) | £1 | Fixed fee |
| SWIFT / international | 0.5% + €18 | Percentage plus a fixed fee · 0.5% plus €18 or $20, depending on the currency; 0.5% plus £15 for GBP cross-border |
| To another SENDS account | Free | No charge |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.3% | Percentage of the amount |
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 SENDS a bank?
No. SENDS is a trading name of Smartflow Payments Limited, an e-money institution authorised by the Financial Conduct Authority (900873).
Who can open a SENDS business account?
Legal entities registered in the United Kingdom. Holding companies are accepted after extra checks.
How much does SENDS cost?
There is no monthly fee. Opening the GBP account costs £19.99, and each extra EUR or USD account £100. Faster Payments cost £1, SEPA in €1, SEPA out 0.5% plus €1, and exchange 0.3%.
Which currencies does SENDS offer?
GBP, EUR and USD accounts, each with IBAN details in the company's name.
Alternatives
How SENDS compares.
If SENDS is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 SENDSThis pageE-money institution |  | GBP, EUR, USDUK companies |
 Equals MoneyPayment institution | | Multi-currency IBANExpense cards |
 TransferraE-money institution | | Non-residents accepted40+ currencies |
 3S MoneyE-money institution |   | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.