Fees and Commissions applicable to the service

1 On-boarding fees*

Charge

Individual Account
£5
Self-Employment Account
£10
Corporate Account
£30

*APPLICABLE WHEN ONBOARDING KYC PROCESS IS SUCCESSFULLY COMPLETED

2 Account fee*

Monthly Charge

Individual Account
£40
Self-Employment Account
£100
Corporate Account
£250

* APPLICABLE FOR ACCOUNT MAINTENANCE AND CREDIT TRANSFER SERVICES. NOT APPLICABLE FOR MONEY REMITTANCE SERVICES.

3 Payment charges

Cost per payment

Charge

SWIFT
£20.00
CHAPS Payments
£20.00
BACS
£0.35
International Payments
£3.00 - £9.00*
Faster Payments
£0.35
SEPA
£7.00
Euro Same Day
£20.00

*DEPENDS ON THE CURRENCY AND DESTINATION OF PAYMENT

4 FX charges

Foreign exchange margins* for spot transactions whereby bid and offer rates will always be represented.

Transaction Amount

£1001 to £50k or equivalent**

£50k to £1M or equivalent**

Over £1M or
equivalent**

Margin*
Up to 2.5%
Up to 2%
Up to 1.5%

* Margin applied to interbank rate. The interbank rate is not available to consumers but is a rate charged by one bank to another.
We use the mid market rate published by XE.
** Calculated using interbank rate.

Note that the overall price charged will vary according to the following factors:

  1. Currency pair

  2. Amount traded

  3. Payment method

Please contact us for further details

ILLUSTRATIVE EXAMPLE

Example

You send to us:
GBP 1,000
You purchase:
EUR 1,250
Effective rate:
1.125*
Payment Method:
Swift
Payment Charge:
£20.00 GBP

*Charges have been applied in line with our pricing policy.Please note that the effective rate is calculated assuming you will make no more than one payment.


THE COMPANY RESERVES THE RIGHT TO AMEND THIS POLICY AS REQUIRED