Overview
Zempler Bank, at a glance.
Zempler Bank is a bank headquartered in the United Kingdom, regulated by PRA. Business accounts cost £0 a month. Opening an account takes 3–5 days. Owners and other directors may live in the 36 listed countries; the director who applies must live in the UK.
Eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000.
Why businesses pick Zempler Bank
- A free plan, with no standard opening fee
- A licensed UK bank with FSCS protection up to £120,000
- Open to charities, partnerships and LLPs as well as limited companies and sole traders
- Other owners and directors may live in 36 listed countries
- Free, unlimited incoming payments on every plan
- Trustpilot score of 4.5 from more than 18,000 reviews
Watch out for
- Only for businesses based in the UK, and the director who applies must live in the UK
- Payments from abroad arrive by SWIFT only and are converted to pounds
- Payments out in other currencies are limited to US dollars and euros
- A limited company needs four or fewer owners and no more than one corporate owner
- A £100 opening fee applies to companies limited by guarantee and those with a corporate owner
- Crypto, money services, cash dealers, precious metals and some other industries are not accepted
Business fit
Will Zempler 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 Zempler Bank's published rules
Likely fit
Zempler Bank lists both United Kingdom companies and Startups and SMEs as accepted.
Zempler 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 Zempler Bank publishes about the businesses it takes on.
Who Zempler Bank serves
- Startups and SMEs
- Freelancers
- Professional services
- E-commerce
Not supported
Industries and countries Zempler Bank does not accept, from its own published lists.
Industries
- Carbon credit traders
- Cash dealers
- Crypto currency traders
- Cultural artefacts or other items of archaeological, historical, cultural, or religious significance or of rare scientific value
- Firearms dealers
- Firms issuing bearer shares or with nominated shareholders
- Firms suspected of proliferation financing
- Hydroponic services
- Ivory and items related to other protected species dealers
- Large scale tobacco dealers or manufacturers
- Money service businesses
- Precious metals dealers
- Scrap metal dealers
- Sex industry services
- Waste management services
- Unregulated finance and insurance services
Countries
- Not published
Coverage
Where can you use Zempler Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP
Payments out in USD and EUR; foreign currency received is converted to GBP.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Kingdom
Owner nationality
Not publishedOwner residency36 countries · show list
- Australia
- Austria
- Belgium
- Canada
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Guernsey
- Iceland
- Ireland
- Isle of Man
- Israel
- Italy
- Japan
- Jersey
- Lithuania
- Luxembourg
- Malta
- Netherlands
- New Zealand
- Norway
- Poland
- Portugal
- Singapore
- Slovenia
- Spain
- Sweden
- Switzerland
- Taiwan
- United Kingdom
- United States
Company types
Limited companies, Sole traders and freelancers, Charities, Partnerships, Limited liability partnerships (LLP), Public sector organisations
Pricing
What does Zempler 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
Free
Monthly fee
£0–19
depends on plan
Business Go
Lowest cost£0 per month
£0 setup · £0 in year one
Business Extra
£9 per month
£0 setup · £108 in year one
Business Pro
£19 per month
£0 setup · £228 in year one
Transaction fees
| Cost | Business Go | Business Extra | Business Pro | How it is charged |
|---|---|---|---|---|
| Incoming | ||||
| Faster Payments (GBP) | Free | Free | Free | No charge |
| SWIFT / international | £5 | £5 | £5 | Fixed fee · Plus 1% if the payment is not in GBP |
| Outgoing | ||||
| Faster Payments (GBP) | £0.35 | £0.35 | £0.35 | Fixed fee · After 3 free payments a month on Go, 20 on Extra and 500 on Pro |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Extra cards cost £5.95 each |
| Card FX | 0–2.99% | Percentage of the amount; varies by plan · 2.99% on Business Go; free on Extra and Pro |
| ATM withdrawal | £2 | Fixed fee · On Business Go (£3 outside the UK); free on Extra and Pro |
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 Zempler a bank?
Yes. Zempler Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the FCA, reference 671140. Eligible deposits are protected by the FSCS up to £120,000.
How much does Zempler Business cost?
Business Go is free, Business Extra costs £9 a month and Business Pro £19. Receiving payments is free; sending costs 35p after 3, 20 or 500 free payments a month depending on the plan.
Who can open a Zempler business account?
Limited companies, sole traders, charities, partnerships and LLPs based in the UK. The director who applies must be a UK resident; other directors and owners can live in 36 listed countries.
Which businesses does Zempler not accept?
Its list includes crypto traders, money service businesses, cash dealers, precious metals dealers, scrap metal and waste management, firearms dealers, hydroponic services and the sex industry.
Alternatives
How Zempler Bank compares.
If Zempler Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Zempler BankThis pageBank |  | Free planDeposit protection |
| Starling BankBank | | Free accountDeposit protection |
 Monzo BusinessBank |  | Free planDeposit protection |
 TideE-money institution | | Free planNon-residents accepted |
 MettleBank | | Free accountDeposit protection |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.