Prepay Technologies ltd is an electronic money institution focused on providing in-house payment processing platform. Prepay Technologies ltd offers virtual Euro IBAN accounts, virtual UK accounts, prepaid debit cards, travel money cards, gift cards, corporate cards to individuals, businesses. Prepay Technologies Ltd delivers its products and services via its registered agent Monese Ltd (company number 8720992, FCA reference number 900188). Products and services listed below are offered by Monese Ltd.
Compared to traditional banks, electronic money institutions offer simple, fast and transparent account opening procedures. Monese offers the following account opening options:
Monese offers the following personal accounts with IBAN:
offered to: EEA residentsA full current account for no monthly costFree contactless cardFees apply to some top-ups and transfers
offered to: EEA residentsFixed monthly feeFree contactless cardReduced rates on top-ups and transfers
offered to: EEA residentsUnlimited withdrawalsFree contactless cardNo fees on top-ups or transfers
In general Monese processes the transfers within 0-4 days, delivery time depends on the sending account, currency and receiving country:
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.
Monese allows to send money to 32 countries, namely:
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.
Monese offers sending money to bank accounts only.
Monese do not conduct operations with cryptocurrencies.
*) Based on the information from Apple App Store.
Prepay Technologies ltd is authorized by the Financial Conduct Authority (reference number 900010) for placing cash to a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, money remittance.
Due to EEA passport rules Prepay Technologies ltd, can conduct its activities in any of the 31 EEA member states. Prepay Technologies ltd do not participate in deposit guarantee schemes.