PPS EU

PPS EU Logo
Business Focus
digital banking and payment services

In July 2019, PrePay Solutions obtained its e-money licence from National Bank of Belgium and opened its European office in Brussels as part of Brexit planning. PPS EU is an electronic money institution focused on digital banking and payment services. PPS EU offers virtual Euro IBAN accounts, virtual UK accounts, prepaid debit cards, travel money cards, gift cards, corporate cards to individuals, businesses. PPS EU delivers its products and services to EU customers via its registered agent Monese Ltd (company number 8720992, FCA reference number 900188). Products and services listed below are offered by Monese Ltd.

Products
  • virtual Euro IBAN accounts
  • virtual UK accounts
  • prepaid debit cards
  • travel money cards
  • gift cards
  • corporate cards
Clients
  • individuals
  • businesses
Card Providers
  • MasterCard

Monese Current Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
available
Customer Groups
EEA residents
Pricing Plans
Starter
Plus
Premium
Payment Cards

Monese Debit Card (MasterCard) can be ordered together with Monese Current Account.

Personal IBAN vs EMI Banking Details
While PPS EU uses an account holder's personal IBAN for some operations, PPS EU's own banking details are used for the others.

Pricing Plans

Monese Current Account is offered with several pricing plans for different customer groups, namely Starter, Plus, Premium.

  • Starter
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 0.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Plus
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 4.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Premium
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 14.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR

Alternatives to PPS EU Monese Current Account

See Also

Monese Debit Cards

Monese Debit Card
Card Type
debit
physical
contactless
Currency
single currency
EUR, GBP
Card Provider
MasterCard
Card Type

PPS EU cards are debit cards, rather than prepaid cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

PPS EU cards are issued only as physical (plastic) cards and are delivered to the customer's address.

Currency

Monese Debit Card is a single currency card, it can be issued in EUR, GBP only.

Card Issuer

PrePay Technologies Limited

Card Fees and Limits
SimpleClassicPremium
Card Delivery Fee4.95 GBPfreefree
ATM Withdrawal Feeup tp 200 GBP monthly: free
above that: 2.00%
up to 800 GBP monthly: free
above that: 2.00%
free
Foreign Currency Spending Feeup tp 2,000 GBP monthly: free
above that: 2.00%
up to 8,000 GBP monthly: free
above that: 2.00%
free

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Alternatives to PPS EU Personal Payment Cards

See Also

Money Transfers

PPS EU offers money transfers between more than 30 countries in more than 15 currencies. Money can be sent from Monese accounts and received to bank accounts. Transfers made with PPS EU are usually completed within 0-4 days.

Speed
0-4 days
Amount Range
n/a
Countries
30+ countries
Currencies
15+ currencies
Sending From
  • Monese accounts
Receiving To
  • bank accounts

Transfer Costs

Transfer Fees
International foreign currency transfers fees depend on the chosen pricing plans:
  • Simple: 2% (£2 or €2 minimum)
  • Classic: from 0.5% (£2 or €2 minimum)
  • Premium: premium

Exchange Rate
Monese customers can convert money at the interbank rate.

Transfer Speed

In general Monese processes the transfers within 0-4 days, delivery time depends on the sending account, currency and receiving country:

  • UK Payments are processed using Faster Payments Service, normally within 2-4 hours.
  • International payments from UK accounts are processed within 2-4 business days depending on the currency and the transfer initiation time (before or after 4pm)
  • SEPA payments from the Eurozone accounts are processed within 1-2 business days

Sending Countries

Monese offers sending money from a sender's Monese account, which is available for residents of the European Economic Area (EEA), regardless of his/her citizenship or financial history.

Receiving Countries

PPS EU allows to send money to 32 countries, namely:

AT Austria
AU Australia
BE Belgium
BR Brazil
BG Bulgaria
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
HU Hungary
IE Ireland
IT Italy
LV Latvia
LT Lithuania
LU Luxembourg
MT Malta
NO Norway
NL Netherlands
MX Mexico
PL Poland
PT Portugal
SK Slovakia
SI Slovenia
ES Spain
SE Sweden
TR Turkey
GB United Kingdom
US United States

Sending Methods

Monese account
Monese offers sending money from a sender's Monese account only.
So, to be able to perform a transfer, a sender should first open an account with Monese and deposit enough money to this account.

Receiving Methods

Bank accounts
Monese offers sending money to bank accounts only.

Advantages of PPS EU Transfers

Fast transfers within the UK
Fast SEPA transfers

Disadvantages of PPS EU Transfers

Have to open a current account with Monese
Available in Europe only
Receiving money to bank accounts only

How PPS EU Transfers Work

1.
Create account
Install Monese application, then open and verify your account.
2.
Deposit money
Deposit money to your account via bank transfer or cash.
3.
Make transfer
Click 'pay' in the app and add your recipients details.

Alternatives to PPS EU Transfers

Compare PPS EU Money Transfers

See Also

Operations with Cryptocurrencies

No

PPS EU do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
BEBelgium
Company Number
0712775202
BIC
PESOBEB1XXX
Authorized By
National Bank of Belgium
Authorization Granted
23 July 2019
Authorized Activities
  • issuance of electronic money
  • refund of electronic money
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions

PPS EU is authorized by the National Bank of Belgium for issuance of electronic money, refund of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 23 July 2019.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules PPS EU, can conduct its activities in any of the 31 EEA member states. PPS EU do not participate in deposit guarantee schemes.

Membership
SWIFT
SEPA

PPS EU is a SWIFT member and a SEPA (SCT, SDD) scheme participant.

MasterCard

PPS EU is connected to MasterCard payment card scheme.

See Also

Contacts

Vorstlaan 165 bus 9/boulevard du Souverain 165 bus 9, 1160, Brussel/Bruxelles, Belgium
Website Languages
GBEnglish

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See Also