BUSINESS ACCOUNTS · PAYMENTS · FOREIGN EXCHANGE · FOR BUSINESSES MOVING $1M+ A YEAR
Do Business Internationally but with Local Business Accounts
Collect from customers into Local Business Accounts in five major markets, convert at an FX margin agreed before you instruct, and pay suppliers on their own domestic rails, with reach across 180+ countries. For approved B2B businesses, incorporated anywhere.
NO CUT OFF, 24/7·PRE AGREED FX MARGIN·NAMED SPECIALIST PER ACCOUNT
ONE PAYMENT, END TO ENDSETTLED
YOU INSTRUCTGBP 780,000.00From your GBP account in London.
FX AT PRE AGREED MARGINUSD · FEDWIRE
YOUR SUPPLIER RECEIVESUSD 992,760.00In New York, as a domestic Fedwire credit. In full, nothing deducted in transit.
FXPRE AGREED MARGIN
PROOFMT103 OR RAIL REF
ACCEPTANCE24/7 · NO CUT OFF
GBPUnited KingdomCADCanadaEUREuropeUSDUnited StatesAEDUnited Arab Emirates
LOCAL ACCOUNTS IN FIVE MARKETS · USD SWIFT REACHES 180+ COUNTRIES IN 1 TO 3 DAYS, WHICH IS REACH AND NOT AN ACCOUNTFive Local Business Accounts, not one multi currency wallet.
SELECT AN ACCOUNT TO DRIVE THE FLOW BELOWGBPUnited KingdomFASTER PAYMENTS · CHAPSCollect from UK customers and pay UK suppliers as a domestic business.View GBP account →
EURSEPA areaSEPA · SEPA INSTANTReceive euro trade receipts and settle European payables without a wire.View EUR account →
USDUnited StatesACH · FEDWIRE · USD SWIFT REACHTake dollar receipts locally and reach 180+ countries where no account exists.View USD account →
AEDUnited Arab EmiratesUAEFTS · IPPSettle Gulf trade in dirham without routing dollars through a bank chain.View AED account →
CADCanadaEFT · WIREReceive Canadian receipts and fund payables in the other four currencies.View CAD account →
USD SWIFT REACHES 180+ COUNTRIES IN 1 TO 3 DAYS. THAT IS REACH, NOT A SIXTH ACCOUNT. EVERY LOCAL BUSINESS ACCOUNT IS ISSUED IN YOUR BUSINESS NAME. NO POOLED COLLECTION.
ONE OPERATING FLOW
One continuous movement of funds, whichever account you hold.
GBP LOCAL BUSINESS ACCOUNT · GBP→EUR · RECEIVE, HOLD, CONVERT, PAY, EVIDENCEILLUSTRATIVE
01 LOCAL RECEIPTGBP 480,000.00FASTER PAYMENTSCredited to sort code and account number, matched to your invoice reference.
02 ACCOUNT BALANCEGBP 480,000.00GBP BALANCE HELDHeld and reconciled against payer name, reference and statement record.
03 FX CONVERSIONGBP→EURPRE AGREED MARGINRate and margin agreed before you instruct, booked with a deal reference.
04 PAYOUTEUR 556,800.00SEPA INSTANTCredited to a supplier IBAN in Rotterdam as a domestic euro payment.
05 PAYMENT EVIDENCEUC-88214SEPA RAIL REFERENCEProof supplied on settlement. MT103 where the payment routes through SWIFT.
ILLUSTRATIVE FIGURES · GBP→EUR AT A PRE AGREED FX MARGININSTRUCTIONS ACCEPTED 24/7 WITH NO CUT OFF · SETTLEMENT FOLLOWS THE RECEIVING RAIL'S OPERATING SCHEDULE
THE SAME ROUTE, TWICE
Four places a bank wire loses your money.
TRADITIONAL BANK WIRE · FOUR DEDUCTION POINTSUSD 100,000.00 INSTRUCTED · ILLUSTRATIVE
USD 100,000.00 sent
Bank spread, 2 to 4%− 3,000.00
Outbound wire fee− 45.00
Lifted in transit− 20.00 TO 50.00
Receipt fee deducted− 15.00
Short, and lateSHORT PAID
01 INSTRUCTED02 FX APPLIED03 WIRE FEE04 CORRESPONDENT05 BENEFICIARY BANK06 SUPPLIER CREDITED
SUPPLIER RECEIVES96,890.00 TO 96,935.00
LOST IN ROUTE− 3,065.00 TO 3,110.00
ARRIVAL1 TO 5 DAYS, SHORT
A bank wire is priced in four places, and three of them are invisible until your supplier tells you the credit was short. Figures are illustrative.
RAILS AND SETTLEMENT
Local rails and settlement, in one table.
CCYMARKET AND RAILSACCOUNT DETAILSSETTLEMENT
GBP
United KingdomFASTER PAYMENTS · CHAPS
Sort code and account number in your business name.INSTANTEUR
SEPA areaSEPA · SEPA INSTANT
Your own IBAN for receipts and payouts.INSTANTUSD
United StatesACH · FEDWIRE · USD SWIFT REACH
US routing details, paid like a domestic business.SAME DAYAED
United Arab EmiratesUAEFTS · IPP
AED local rails in and out of the Emirates.INSTANTCAD
CanadaEFT · WIRE
Canadian domestic rails for payables and receipts.MINUTESSWIFT
Reach beyond the five marketsUSD SWIFT · 180+ COUNTRIES
Reach, not a Local Business Account.1 TO 3 DAYSChoose your membership. We will help you compare.
Every approved business can choose the membership that best fits its expected activity and required service level. The recommendation is guidance, not a restriction.
MEMBERSHIP
Business
Business Plus
Treasury
Institutional
MONTHLY
USD 100
USD 300
USD 500
Bespoke
ANNUAL
USD 1,000
USD 3,000
USD 5,000
Bespoke
CORE FX MARGIN
0.50%
0.25%
0.10%
Custom
SUGGESTED VOLUME
USD 250K to 800K
USD 800K to 1.33M
USD 1.33M and above
Banks, MSBs and FMSBs, remittance and FX firms, CFD brokers
TREASURY SUPPORT
Shared desk
Shared desk, priority queue
Named specialist
Named specialist and consultation
ACCOUNTS
Approved capabilities from the five
Approved capabilities from the five
Approved capabilities from the five
Structured with the desk
MOVEMENT FEES
Quoted separately
Quoted separately
Quoted separately
Quoted separately
CHOOSE
ANNUAL MEMBERSHIP IS TEN MONTHS PAID IN ADVANCE, SO TWO MONTHS ARE INCLUDED ON EVERY PLAN. CORE FX MARGINS APPLY TO CONFIRMED CORE PAIRS. AED CONVERSIONS PRICE AT 0.15% ON TREASURY. NON CORE PAIRS, PAY IN, PAYOUT, SWIFT AND CORRESPONDENT CHARGES ARE QUOTED SEPARATELY. MEMBERSHIP CHOICE IS YOURS. ACCOUNT AND TRANSACTION APPROVAL REMAINS OURS.
WHO CAN APPLY
Any jurisdiction. Not every business.
Eligibility is assessed on what you move, not where you are registered. These are the seven inputs the review turns on.
01Jurisdiction of incorporation
02Industry and payment purpose
03Expected annual and monthly volume
04Required account currencies
05Principal currency pairs
06Payer and beneficiary profile
07Supporting trade documentation
PROHIBITED JURISDICTIONS
Applications are open globally, with these exceptions.
These 18 jurisdictions are prohibited across the accounts, where a business is registered in, operates in, or has significant exposure to one of them. Per currency positions differ on the three points noted below, and each account page carries its own. Told here, not after you apply.
Afghanistan
Belarus
Central African Republic
Crimea
Cuba
Democratic Republic of the Congo
Haiti
Iran
Kazakhstan
Myanmar
North Korea (DPRK)
Russia
South Sudan
Sudan
Syria
Ukraine
Venezuela
Yemen
USDPuerto Rico is prohibited for USD payments, making 19 jurisdictions on that account.
AEDKazakhstan and Puerto Rico are allowed for AED, meaning domestic AED services may be provided to an approved corporate based there. It does not mean international AED payments to that jurisdiction.
EURSEPA operates on a closed supported jurisdiction list, so a country can be out of scope for EUR without appearing above.
EACH ACCOUNT PAGE CARRIES ITS OWN POSITION. THIS LIST IS REVIEWED AGAINST SANCTIONS AND REGULATORY POSITION AND MAY CHANGE WITHOUT NOTICE.
WHO USES THE ACCOUNTS
ImportersRecurring supplier settlement where short payments and deductions are an operational problem.
ExportersTrade receipts that need payer context and clean reconciliation.
Wholesalers and distributorsHigh frequency payables across two or more currencies.
ManufacturersComponent and raw material payments tied to shipment documents.
Freight and logisticsDemurrage, freight and agent payments that cannot wait on a correspondent chain.
EXCEPTIONWHAT THE DESK DOESOWNER
Payment traceLocates the payment on the rail and returns the reference.TREASURY
Amendment and recallRaises and chases the amendment with the receiving institution.TREASURY
Compliance information requestCollects and submits the supporting trade documentation.COMPLIANCE
Short or delayed paymentIdentifies the deduction point and reconciles the difference.TREASURY
Proof of paymentIssues the MT103 or rail reference for your auditor.TREASURY
EVERY SETTLED PAYMENT CARRIES AN MT103 OR RAIL REFERENCE
THE NAMED DESK
Someone is answerable by name.
Payments go wrong on the rails, not in the app. Treasury Membership includes a named specialist who owns the exception until it closes.
WHAT THAT LOOKS LIKE FOR A CLIENT
CLIENT DETAILS WITHHELD ON REQUEST"Our supplier payments used to vanish for days and arrive short. Now Frankfurt sees a domestic credit and our margin is the same number we agreed in October 2022."
Director of FinanceLONDON IMPORTER · CLIENT SINCE 2022
Annual volume movedGBP 18M
Corridors in useGBP · USD · EUR · AED
FX margin since onboardingUNCHANGED
Proof on every settled paymentMT103 OR RAIL REF
SETTLEMENTS.FEEDLIVE
CORRIDORRAILREFSTATUS
GBP→EURSEPA INSTANTUC-88214SETTLED
CAD→USDFEDWIREUC-88209SAME DAY
EUR→AEDUAEFTS · IPPUC-88197SETTLED
USD→CNYUSD SWIFTUC-88191IN TRANSIT
GBP→CADEFTUC-88186SETTLED
PROOF AND REFERENCE ON EVERY ROW · FIGURES FROM A LIVE CLIENT ACCOUNT, SHARED WITH PERMISSION · FEED ILLUSTRATIVE
From application to first settled payment.
SIX STEPS · WHAT WE ASK FOR AT EACH ONE · ILLUSTRATIVE TIMINGSSTEP 01ApplicationLegal name, registration number, jurisdiction, industry, directors and UBOs.SAME DAY
STEP 02KYB and UBO verificationIncorporation documents, ownership structure and identification for beneficial owners.1 TO 3 DAYS
STEP 03Activity reviewCorridors, expected volume, payer and beneficiary profile and supporting trade documents.2 TO 5 DAYS
STEP 04Capability approvalWhich of the five accounts are approved, and the detail format issued in your business name.SUBJECT TO APPROVAL
STEP 05Pricing scheduleMembership, FX margin and movement fees signed alongside the Master Services Agreement.SIGNED SCHEDULE
STEP 06ActivationDetails issued, first instruction accepted and the named desk introduced.FIRST PAYMENT
WHAT YOU HOLD AT THE ENDA settled payment with proof your auditor can trace.
REFERENCEUC-88214
PROOFMT103 OR RAIL REF
STATUSSETTLED
A NOTE FROM THE FOUNDER
“Businesses do not leave their bank over features. They leave the day a six figure payment is held, a supplier is not credited, and nobody takes ownership. I built Unicorn Currencies for that day. When your money is in motion, someone here is answerable for it, by name.
N.M. ThakurCHIEF EXECUTIVE OFFICER
Enter your volume. We will model the cost.
We recommend the membership with the lowest modelled membership plus FX cost. The recommendation is guidance, not a restriction. Your preferred membership remains your choice.
ANNUAL INTERNATIONAL PAYMENT AND FX VOLUMEUSD 1,200,000
USD 100KBREAK EVEN · USD 800K AND USD 1.33MUSD 100M
AVERAGE PAYMENT SIZE
BILLING
SHARE OF PAYOUTS ON USD SWIFT
BUSINESSAVAILABLE
USD 7,960Membership, annualUSD 1,000
FX charge at 0.50%USD 6,000
Incoming movementsUSD 300
Local rail payoutsUSD 450
USD SWIFT payoutsUSD 210
BUSINESS PLUSLOWEST MODELLED COST
USD 6,960Membership, annualUSD 3,000
FX charge at 0.25%USD 3,000
Incoming movementsUSD 300
Local rail payoutsUSD 450
USD SWIFT payoutsUSD 210
TREASURYAVAILABLE
USD 7,160Membership, annualUSD 5,000
FX charge at 0.10%USD 1,200
Incoming movementsUSD 300
Local rail payoutsUSD 450
USD SWIFT payoutsUSD 210
OUR RECOMMENDATIONBased on the volume and billing option you entered, Business Plus Membership produces the lowest modelled annual membership plus FX cost. You may still select another membership if it better suits your requirements. Banks, MSBs and other financial institutions are priced as Institutional.ASSUMPTIONS · 24 OUTGOING PAYMENTS · 12 INCOMING ON LOCAL RAILS · 18 PAYOUTS ON LOCAL RAILS AT USD 25 EACH · 6 ON USD SWIFT AT USD 35 EACH · LOCAL FLOORS ARE GBP 5, EUR 5, AED 20 AND USD 35 · MOVEMENT FEES IDENTICAL UNDER EVERY MEMBERSHIP
Continue to applyMOVEMENT FEES FOLLOW THE PUBLISHED SCHEDULE, CHARGED PER MOVEMENT AT THE GREATER OF THE FLAT FEE OR THE PERCENTAGE: GBP FROM GBP 5 OR 0.05%, EUR FROM EUR 5 OR 0.05%, USD FROM USD 35 OR 0.05%, AED FROM AED 20 OR 0.08%, USD SWIFT FROM USD 35 OR 0.05%. CAD IS PASSED THROUGH AT COST. THE FX LINE IS SHOWN AT THE TREASURY 0.10% RATE. AED CONVERSIONS PRICE AT 0.15%. YOUR SIGNED FEE SCHEDULE GOVERNS. FIGURES ARE ILLUSTRATIVE. BUSINESS MEMBERSHIP FX MARGIN IS SHOWN AT THE 0.50% END OF A 0.50% TO 1.00% RANGE SET BY ACTIVITY, VOLUME AND CORRIDOR. ACCOUNT CAPABILITIES AND FINAL PRICING REMAIN SUBJECT TO REVIEW AND APPROVAL.
QUESTIONS THAT APPLY TO ALL FIVE ACCOUNTS
Applications are open to approved B2B businesses globally. Local describes the account capability and the rail it runs on, not your place of incorporation. Payouts run local in the five markets and reach 180+ countries on USD SWIFT. The prohibited jurisdictions list above is the boundary, and it differs by currency: USD adds Puerto Rico, AED permits Kazakhstan and Puerto Rico for domestic service only, EUR runs a closed SEPA supported list.
Two ways forward, depending on who has to sign.
OPERATORApply for the accounts you needOne structured application covering accounts, volume, corridors and payment purpose.Start the application →
COMMITTEERequest the compliance and pricing packEntity map, registrations, safeguarding position, fee schedule and membership terms in one document.Request the pack →