Equals Money Review
Is It Worth It in 2026?

International payments come with no transfer fees and no monthly subscription requirement. Exchange rates are agreed during onboarding based on volume and business needs, so rates are not published publicly.

Card transactions in the 21 Mastercard-supported currencies are free. Anything outside that group carries a 1.5% out-of-currency fee, which also applies to over-the-counter bank withdrawals (minimum £5). SWIFT transfers for corridors outside the UK and EU can add cost that is harder to predict without speaking to the team.

The pricing model is transparent on card fees, but you still need onboarding for full clarity on exchange rates, SWIFT costs, and forward-contract exit fees.

Same-day settlement is available on major currencies via SEPA and UK Faster Payments. SWIFT transfers to less common corridors can take up to 3 business days, not including delays at the sending or receiving bank. Transfer timing also depends on volume and time of day. For a more precise estimate on specific corridors, the support team can advise directly.

No publicly stated minimum or maximum on international transfers. Limits are set during onboarding based on business profile. Card limits are fully configurable within the platform: you can restrict by payment type, value per transaction, number of transactions, and total balance held. Daily ATM withdrawals are capped at £2,000 across 5 withdrawals within 24 hours.

The multi-currency account holds 35+ currencies under a single IBAN, which is practical for receiving international payments without multiple accounts. For comparison, Sokin supports 75+ currencies and Wise Business offers 29 local accounts (not just IBANs), so if broader coverage matters, those are worth considering.

The spend management platform covers card creation, user permissions, granular spend controls, invoice payments, payroll, and balance management. It is polished and practical, if not the most feature-rich in the category. The main gap is integrations: only Xero and SAP Concur are supported. Airwallex and WorldFirst offer more.

The API is strong and supports multi-currency account management, domestic and international payments, virtual and physical card issuance, and webhooks. The white-label option is unusual in this space and useful for businesses that need a custom-branded payments product without building from scratch.

Forward contracts run up to 24 months, longer than Moneycorp (6 months) and Regency FX (12 months). Limit orders and spot trades are also available.

Onboarding requires registering online, a call with the Equals Money team, and business verification (directors and company details). It is not instant but is straightforward. Once set up, the platform is well documented with detailed FAQs and product walkthroughs.

The mobile app launched in May 2025 and covers basic tasks: balance creation, virtual card issuance, currency conversion, and payments. It is actively updated but still early-stage. For app-first working, Wise Business is more mature.

Equals Money operates through three FCA-authorised entities under Equals Group plc. Client funds are held in segregated safeguarding accounts, protected in the event of insolvency, though not covered by the FSCS. Card services run on Mastercard's global network with its associated fraud and dispute protections.

One important note: currency conversions and forward contracts are not FCA-regulated activities. Deposits tied to forward contracts are not safeguarded, and early exit fees can be significant. Equals Money acts as counterparty in FX trades, so businesses taking on forward positions carry direct financial risk.

Trustpilot: 4.7/5 from 480 reviews, with 94% rated 4 or 5 stars. Praise consistently focuses on customer support quality: agents are described as knowledgeable, patient, and willing to stay on calls until issues are resolved. Negative reviews, where they exist, cover platform outages, compliance check delays, and occasional failed transactions.