Equals
- Fix exchange rates for payments up to 24 months in advance.
- Same-day or next working day transfers.
- Manage 35+ currencies in one local IBAN.
- Free non-sterling transactions in 21 card-supported currencies (1.5% fee for others).
- Get reliable broker support 7 days a week for cost-effective transfers at favourable rates.
- Predictable budgeting with advanced forward contracts.
In the rapidly evolving landscape of neo-banking, the Equals Money Multi-Currency Business Account stands out not just as an alternative but as a dedicated solution for businesses that operate across borders. For companies juggling complex international payments, managing foreign exchange (FX) exposure, and streamlining team expenses, this account offers a compelling, centralised platform designed for global efficiency.
The structure and features of the Equals Money account are clearly engineered to solve the pain points of international commerce, making it a strong option for any business looking to simplify 'money movement.'
1. The Multi-Currency Powerhouse
The core strength of Equals Money lies in its multi-currency architecture. Instead of requiring businesses to open multiple, siloed foreign accounts, the platform offers a single, multi-currency IBAN that facilitates seamless transacting in numerous currencies.
- 35+ Currencies in One Account: Businesses can send, receive, and manage funds in 35+ different currencies directly within a single account structure. This is a game-changer for cash flow visibility, eliminating the need to convert funds back to a base currency constantly.
- Own-Named Accounts: The ability to create own-named multi-currency accounts means you can receive payments directly in the local currency, which can reduce conversion steps for international clients.
- Optimal FX Timing: Funds can be held and converted at a time that suits your business best, allowing you to manage currency exposure proactively rather than reacting to unfavorable real-time rates.
2. Speed and Connectivity: The Global Payment Network
Equals Money is integrated into the essential global payment rails, ensuring that funds move quickly and reliably across jurisdictions.
- Faster Transfers: The platform supports same-day and next-working-day transfers, leveraging key payment networks like SWIFT, UK Faster Payments, SEPA, and SEPA Instant. This significantly reduces the waiting times often associated with traditional banks when processing international wire transfers.
*Terms and fees may apply. Please see product T&Cs for information relating to safeguarding, interest rates, fees, and charges.
- Broad Reach: Beyond the 35+ core multi-currency IBAN currencies, Equals Money supports in-platform outbound wire payments (international transfers) in over 61 currencies, offering impressive versatility for global operations.
3. Beyond Banking: Integrated Spend Management
What truly elevates the Equals Money offering beyond a simple multi-currency account is its robust, integrated spend management suite.
- Corporate Cards for Control: The account includes generous access to both physical and virtual corporate cards (Mastercard), which are essential for managing staff expenses, both domestically and internationally.
- Real-Time Expense Visibility: Administrators can set custom spending limits, track transactions in real-time, and assign cards to unlimited users, all from a centralised platform. This removes the administrative burden of month-end expense reports and provides immediate cash flow control.
- Accounting Software Integration: For simplified bookkeeping, the platform is designed to integrate with major accounting software, like Xero and Concur® Expense, helping to streamline the reconciliation process and reduce manual data entry.
4. Exceptional Service and Safeguarded Security
For many users, the quality of human service provided by a fintech platform is as important as the technology itself. User reviews frequently highlight this as a major positive differentiator for Equals Money.
- Reliable Support: Clients receive a dedicated account manager and praise the customer support teams for being responsive, professional, and quick to assist with onboarding and daily queries. This level of personalised support can be invaluable when navigating complex international finance issues.
- Safeguarded Funds: It is important to note that while Equals Money is not a bank, it is regulated as an Authorised Payment Institution by the Financial Conduct Authority (FCA). This means customer funds are protected through safeguards. Client funds are held in specially designated, separate bank accounts, ensuring they are protected from Equals Money’s own assets.
The Verdict
The Equals Money Multi-Currency Business Account is ideally positioned for growing businesses that transact internationally and require sophisticated tools to manage their team's spending. Its ability to handle 35+ currencies from a single IBAN, combined with access to fast transfer networks and a highly praised support team, makes it a powerful contender.
While the account operates on a tiered platform fee structure (starting around £25/month or £250 when paid annually (saving 17%), plus a one-off £10 issuance fee for physical cards), the value derived from simplified compliance, faster settlements, and centralised expense control can easily justify the cost for businesses with significant international activity. It provides a mature, reliable, and user-friendly solution to complex global finance.
Equals Money PLC is registered in England & Wales, ls No. 05539698. Equals Money PLC is part of Equals Group Limited (Registered in England & Wales No. 08922461). Registered Office: 3rd Floor, Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Money PLC is authorised by the Financial Conduct Authority to provide payment services (FCA No. 488396). Equals Money Cards are issued by Equals Money International Limited pursuant to license by Mastercard International Inc. Equals Money International Limited is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900493). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
*Your funds are held in safeguarded bank accounts and are protected. However, the Equals Money account is not covered by the FSCS. See product FAQs for more information.Equals
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Additional information
You get a currency expert who monitors markets and helps build a hedging strategy around your business.
