Your Specialised Account Opening Service

You offer:

• Safeguarding / Client Accounts in the UK (GBP, EUR, USD)

• Safeguarding / Client Accounts in Europe (EUR, USD)

• Support to open accounts with EMI providers (fully operational for GBP, USD, EUR)

• Merchant service assistance to accept card payments

1. Operational Account (Money Remittance Business)

This is the main business account used to manage the day-to-day operations of a money remittance business. It typically handles:

• Receiving and sending funds on behalf of customers

• Paying operational costs (e.g., rent, salaries, tech services)

• Settling transactions with payment partners or networks

It functions like a standard business current account, but with higher scrutiny due to the nature of the remittance industry (anti-money laundering and compliance checks).

2. Safeguarding Account (Client Funds Account)

A safeguarding account is a segregated bank account required under regulatory frameworks (such as the UK's FCA or European PSD2) to hold client money separate from company funds. It ensures:

• Protection of customer funds in case the remittance business becomes insolvent

• Compliance with licensing conditions for Electronic Money Institutions (EMIs) or Payment Institutions (PIs)

Funds in this account cannot be used for operational purposes — only for holding or transferring client money securely.