MultiPass is a multi currency business account for companies that trade across borders, offering a dedicated IBAN, exchange across many currencies and remote onboarding, with a monthly fee rather than a free tier.
- Who it suits
- Small and medium companies with international suppliers or customers that need multi currency payments and a dedicated IBAN
- Broadly available in
- The United Kingdom and eligible international businesses, with GB and UAE IBANs
- Headline monthly fee
- From 100 pounds a month, plus an account opening and due diligence fee from 500 pounds. As of 11 October 2026. Verify with MultiPass
- Account type
- Multi currency business account from an electronic money institution
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
MultiPass provides multi currency business accounts for small and medium companies that operate internationally. A business gets a dedicated IBAN and can hold, send, receive and exchange across many currencies, with payments reaching many countries. It is an electronic money institution rather than a bank, and it leans toward companies in ecommerce, trade and services that deal with overseas suppliers and customers. Onboarding is designed to be completed online.
Strengths
The strength is breadth of currency support paired with a dedicated IBAN, which can simplify paying and getting paid abroad. Remote onboarding suits founders who do not want to visit a branch, and sterling local payments through Faster Payments are inexpensive. For a company with genuine cross border activity, consolidating those flows in one account can be useful.
Limitations
There is no free tier. An opening fee and a monthly fee apply, so the cost is harder to justify for a business with little foreign currency activity. As an electronic money institution it safeguards funds rather than offering a deposit guarantee, and eligibility depends on the company structure and activity, so not every business will qualify. Exact charges vary by currency and route, so the headline price is only a starting point. Confirm the current terms with MultiPass.
Fees and features
| Monthly fee | A monthly maintenance fee from 100 pounds, with an account opening and due diligence fee from 500 pounds. MultiPass says final pricing depends on industry, volume and other factors. As of 11 October 2026. Verify with MultiPass |
|---|---|
| Transaction fees | Sterling Faster Payments are free incoming and 1 pound outgoing. SWIFT payments cost 20 pounds incoming and 40 pounds outgoing. Other charges vary by currency and route. As of 11 October 2026. Verify with MultiPass |
| FX fees | MultiPass does not publish a single exchange margin for account payments. Card transactions in another currency carry a 1.5% FX markup. As of 11 October 2026. Verify with MultiPass |
| Minimum deposit | A minimum balance applies, from three monthly fees. A 100 pound monthly charge applies if it is not met. As of 11 October 2026. Verify with MultiPass |
| Multi currency | Hold, send, receive and exchange across many currencies, with payments to many countries and a dedicated IBAN. Verify supported currencies with MultiPass |
| Integrations | Online account management for international payments and exchange. Verify the current list with MultiPass |
| Eligibility | Eligible small and medium businesses, with remote onboarding and GB and UAE IBANs. Requirements depend on company structure and activity. Verify with MultiPass |
Open a MultiPass business account
Availability and fees vary by country. Check the MultiPass by country pages below for your market, then confirm current terms with the provider. Shown as of 11 October 2026.
Visit MultiPass → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.MultiPass by country
Questions about MultiPass
What is a MultiPass account for?
How much does MultiPass cost?
Is MultiPass a bank?
Can a non resident business open a MultiPass account?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with MultiPass before applying.