Overview
Trusted Novus Bank, at a glance.
Trusted Novus Bank is a bank headquartered in Gibraltar, regulated by Gibraltar Financial Services Commission. Business accounts cost £25 a month. Opening an account takes 3–5 days.
Trusted Novus Bank Limited is a Gibraltar bank licensed by the Gibraltar Financial Services Commission. Deposits are covered by the Gibraltar Deposit Guarantee Scheme.
Why businesses pick Trusted Novus Bank
- A licensed bank in Gibraltar with deposit protection
- GBP payments to UK and Gibraltar accounts cost £2 online
- Incoming payments are free
- Visa business cards with no annual fee
- FX, treasury and trade services with a relationship manager
Watch out for
- Only for businesses registered in Gibraltar or the UK
- £300 to open and £300 to close a corporate account
- Currency conversion costs 2% in the bank's favour
- Other payments cost £15 online, £25 if you pay all charges
- Card payments in other currencies cost 3.75%
Business fit
Will Trusted Novus Bank 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 Trusted Novus Bank's published rules
Likely fit
Trusted Novus Bank lists both United Kingdom companies and Startups and SMEs as accepted.
Trusted Novus Bank 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 Trusted Novus Bank publishes about the businesses it takes on.
Who Trusted Novus Bank serves
- Startups and SMEs
- Holding companies
- Professional services
- Import and export
Not supported
Industries and countries Trusted Novus Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Trusted Novus Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP and EUR
Payments in other currencies, including DKK.
Payment reach
Not published
Who can apply
Company incorporation countries2 countries · show list
- Gibraltar
- United Kingdom
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Companies and partnerships registered in Gibraltar or the UK
Pricing
What does Trusted Novus Bank 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
£300
Monthly fee
£25
Corporate and partnership account
£25 per month
£300 setup · £600 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | Free | No charge |
| Outgoing | ||
| Faster Payments (GBP) | £2 | Fixed fee · GBP to a UK or Gibraltar account, online |
| SWIFT / international | £15 | Fixed fee · All other payments online; £25 if you pay all charges |
| To another Trusted Novus Bank account | Free | No charge · To other Trusted Novus Bank accounts |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 2% | Percentage of the amount · On payments and transfers |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Visa Business debit or credit, no annual fee |
| Card FX | 3.75% | Percentage of the amount |
| ATM withdrawal | 1.5%, min £2.5 | Percentage, with a minimum 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 Trusted Novus Bank a bank?
Yes. Trusted Novus Bank Limited is licensed by the Gibraltar Financial Services Commission (permission number 3207). Deposits are covered by the Gibraltar Deposit Guarantee Scheme.
Who can open a Trusted Novus Bank business account?
Businesses registered in Gibraltar or the United Kingdom. Businesses registered elsewhere are not considered.
How much does a Trusted Novus Bank business account cost?
Opening a corporate or partnership account costs £300 and the book-keeping fee is £25 a month; closing costs £300. GBP payments to UK or Gibraltar accounts cost £2 online, other payments £15, and currency conversion 2%.
Does Trusted Novus Bank offer business cards?
Yes: Visa Business debit and credit cards in GBP, EUR or USD with no annual fee.
Alternatives
How Trusted Novus Bank compares.
If Trusted Novus Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Trusted Novus BankThis pageBank |  | GibraltarUK and Gibraltar companies |
| Starling BankBank |  | Free accountDeposit protection |
 Allica BankBank | | CashbackEstablished SMEs |
 Bank of VallettaBank |  | Maltese IBANDeposit protection |
 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.