Multi-currency account
FX pricing transparency
International payment speed
Local account details
Payment tracking & visibility
Operational complexity
Accounting integration
Scalability
Regulation & security
Best for
FCA Regulated
Limited or requires separate accounts
Low – wide, hidden margins
Slow (often 2–5 business days)
Rare or complex to set up
Limited
High – multiple systems and approvals
Manual or limited
Not flexible for growing FX needs
Regulated banks
Domestic-first businesses
Yes
Often FX-only, limited account functionality
Competitive but varies by provider
Faster than banks in some corridors
Limited availability
Partial
Medium – often FX and payments are separate
Varies by provider
Suited mainly to FX transactions
Regulated but FX-focused
Businesses focused on last minute rates
Sometimes
Yes – hold, send and receive multiple currencies in one account
Competitive, transparent FX rates
Optimised routes, typically 1–3 business days
Available in key currencies for easier inbound payments
Real-time balances, transactions and FX visibility
Low – FX and payments in one platform
Integrates with leading accounting platforms
Supports occasional to high-volume FX activity
FCA-regulated payments institution
Businesses needing control, clarity and efficiency across FX and payments
Yes
Multi-currency account - Limited or requires separate accounts
FX pricing transparency - Low – wide, hidden margins
International payment speed - Slow (often 2–5 business days)
Local account details - Rare or complex to set up
Payment tracking & visibility - Limited
Operational complexity - High – multiple systems and approvals
Accounting integration - Manual or limited
Scalability - Not flexible for growing FX needs
Regulation & security - Regulated banks
Best for - Domestic-first businesses
FCA Regulated - Yes
Multi-currency account - Often FX-only, limited account functionality
FX pricing transparency - Competitive but varies by provider
International payment speed - Faster than banks in some corridors
Local account details - Limited availability
Payment tracking & visibility - Partial
Operational complexity - Medium – often FX and payments are separate
Accounting integration - Varies by provider
Scalability - Suited mainly to FX transactions
Regulation & security - Regulated but FX-focused
Best for - Businesses focused on last minute rates
FCA Regulated - Sometimes
Multi-currency account - Yes – hold, send and receive multiple currencies in one account
FX pricing transparency - Competitive, transparent FX rates
International payment speed - Optimised routes, typically 1–3 business days
Local account details - Available in key currencies for easier inbound payments
Payment tracking & visibility - Real-time balances, transactions and FX visibility
Operational complexity - Low – FX and payments in one platform
Accounting integration - Integrates with leading accounting platforms
Scalability - Supports occasional to high-volume FX activity
Regulation & security - FCA-regulated payments institution
Best for - Businesses needing control, clarity and efficiency across FX and payments
FCA Regulated - Yes