EstoniaOverview
Spendbase, at a glance.
Spendbase is a business account platform headquartered in Estonia. The business account has no monthly fee. Opening an account takes 3–5 days.
Spendbase (Partnerway OÜ, Estonia) is not itself a bank or licensed institution. Accounts, e-money and cards are issued by Moorwand Ltd (FCA, reference 900709) in the UK and Heuro SAS (ACPR licence 17478) in the European Economic Area.
Why businesses pick Spendbase
- No set-up, monthly or per-user fees
- IBANs in euros, pounds and a multi-currency IBAN for dollars and others
- SEPA, SEPA Instant and Faster Payments at no cost
- Virtual and physical Mastercards at no cost to issue
- Open to companies, sole traders, partnerships and charities
Watch out for
- Exchange costs a 1% markup
- SWIFT payments cost £20 in and out
- Trustpilot score of 2.6 from only 12 reviews
- Accepted countries, owner rules and prohibited industries are not published
- Accounts belong to partner institutions, not to Spendbase itself
Business fit
Will Spendbase 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 Spendbase's published rules
Needs review
Spendbase works with Startups and SMEs, but does not publish the countries it accepts companies from.
Spendbase 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 Spendbase publishes about the businesses it takes on.
Who Spendbase serves
- Startups and SMEs
- IT and software
- E-commerce
Not supported
Industries and countries Spendbase does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Spendbase?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
12 currencies
Accounts in USD, EUR, GBP and 9 other currencies; cards in EUR, USD, GBP and PLN. The other nine codes are not listed.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Sole traders, Partnerships, Charities, Public bodies
Pricing
What does Spendbase 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
Free
Monthly fee
Free
Spendbase account
£0 per month
£0 setup · £0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| SEPA Instant | Free | No charge |
| Faster Payments (GBP) | Free | No charge |
| SWIFT / international | £20 | Fixed fee |
| Outgoing | ||
| SEPA | Free | No charge |
| SEPA Instant | Free | No charge |
| Faster Payments (GBP) | Free | No charge |
| SWIFT / international | £20 | Fixed fee |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 1% | Percentage of the amount · Markup on EUR, GBP, USD and PLN exchange |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
| Physical card issue | Free | No charge |
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 Spendbase a bank?
No. Spendbase is Partnerway OÜ, an Estonian company. Accounts, e-money and cards are issued by Moorwand Ltd (FCA reference 900709) in the UK and Heuro SAS (ACPR licence 17478) in the European Economic Area.
How much does Spendbase cost?
Opening an account, monthly maintenance and issuing virtual cards are free. SEPA, SEPA Instant and Faster Payments cost nothing, SWIFT payments cost £20 in and out, and currency exchange has a 1% markup.
Who can open a Spendbase account?
Legal entities, sole traders, partnerships, charities and public bodies approved by Spendbase, established in a jurisdiction its partner institutions support. It does not publish a country list.
Which currencies does Spendbase support?
Accounts in 12 currencies including USD, EUR and GBP, with virtual and physical cards in EUR, USD, GBP and PLN.
Alternatives
How Spendbase compares.
If Spendbase is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| SpendbaseThis pageBusiness account platform | Not published | Free accountMastercard |
| PleoE-money institution |   | Expense cardsSpend management |
 PayhawkE-money institution |  | Expense cardsSpend management |
 QontoPayment institution |  | FreelancersInvoicing tools |
 TideE-money institution | | Free planNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.