Is 3S Money available for business in South Africa?

Does 3S Money serve business customers in South Africa?

Yes. 3S Money is an electronic money institution authorised in the United Kingdom by the Financial Conduct Authority under registration number 900918, with a regulated entity in Luxembourg supervised by the Commission de Surveillance du Secteur Financier and a branch in the Dubai International Financial Centre supervised by the Dubai Financial Services Authority. It works with directors and shareholders from more than 190 countries and publishes a list of countries it cannot serve. South Africa is not on that restricted list, so a business registered in South Africa can apply, subject to its compliance and onboarding checks. The account is a multi currency account built for companies that send and receive international payments through SWIFT and SEPA, not a deposit or savings product, and it does not issue cards. South Africa is not among the African countries on its restricted list. As of 24 June 2026.

Eligibility for businesses in South Africa

3S Money accepts businesses that are registered outside its restricted country list and operate in a supported industry, and South Africa is not a restricted country. Prohibited sectors include adult content, atomic power, cannabis and CBD products, foreign exchange services, gambling, weapons, and shell companies. To apply you provide identity documents for each director, major shareholder and account operator, proof of address, a company registry extract issued recently, and a shareholder register. The provider runs an online eligibility check and a compliance review before onboarding, and welcomes non resident owners. Verify with the provider

What it costs locally

3S Money publishes tiered monthly plans, with a Standard plan around 100 euro per month, an Enterprise plan around 300 euro per month, and a bespoke Enterprise Plus plan. There is an account opening fee from around 100 euro and a requirement to hold a minimum balance equal to about three times the monthly fee. Payments carry a fixed fee plus a percentage that depends on the countries you pay to and from, so the cost for a business in South Africa depends on its payment corridors. Payments to and from South Africa are sent by SWIFT and the rand is subject to South African exchange control. Treat these figures as a guide and confirm the current schedule with the provider. As of 24 June 2026

What local users report

3S Money is rated highly by businesses on independent review sites, where users often cite quick onboarding and a dedicated relationship manager, and it offers phone and weekday messaging support. It does not issue physical or virtual cards, so a business in South Africa that also needs card spending or expense tools would need a second provider. As an electronic money institution it safeguards customer funds rather than holding them as insured bank deposits, which differs from a national deposit guarantee, so confirm how your money is protected before relying on it. Because the South African rand is subject to exchange control, confirm how inbound and outbound rand payments would be handled before relying on the account.