Monevium Ltd

Monevium Ltd Logo
TheBanks.eu Rating
Excellent  (4.29)
providing business accounts

Founded in 2016, Monevium Ltd is a payment institution authorised by the Financial Conduct Authority (FRN 766038). Movenium is focused on developing a modern, straightforward, and secure way to manage money and provides IBAN accounts, physical and virtual prepaid cards to companies and individuals worldwide.


Company Profile Content


Note: Monevium Ltd is an Authorised Payment Institution (“API”) authorised by the FCA and is neither a bank, nor a Electronic Money Institution (“EMI”). For clarity, an API is an institution authorised to make payments while an EMI is authorized to issue electronic money, a monetary value stored in digital form.

Products

personal IBAN accounts
business IBAN accounts
physical cards
virtual cards

Services

international money transfers
local money transfers

Clients

private individuals
freelancers
entrepreneurs
small and medium sized businesses
enterprises
financial institutions
startups
marketplaces
affiliate programs

Card Providers

  • MasterCard

Area Served

Worldwide Worldwide

Key Benefits

Easy EURO account for every need

Two-factor authentication, 3D Secure

Round-the-clock support

(*)as stated by the company itself

TheBanks.eu Review

  13 August 2024, by Anna Mileiko

TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Monevium Ltd is assigned the overall rating 4.29 (excellent) which is explained in details below.

Operating EnvironmentVery Friendly (4.81)
Product RangeAverage (3.05)
Market NicheVery Broad (4.75)
Company BackgroundAverage (3.24)
Customer SupportGood (3.81)
Customer SentimentAverage (3.10)
TransparencyHigh (3.91)
Overall RatingExcellent (4.29)

TheBanks.eu has also identified the following pros and cons of the company:

Pros

 Very broad market niche
 High transparency
 Good customer support

Cons

n/a

Personal Account

Personal Account
Currency
EUR
Payment Cards
physical
virtual
Dedicated IBAN
available (GB IBAN)
UK Account Number
not available
Customer Groups
Worldwide
Pricing Plans
single for all customers
Account Access
web application
mobile application

Currency

Personal Account is a single-currency account, allowing the account holder to have funds in EUR only.

EUEUR (Euro)

Payment Cards

A payment card can be ordered together with Personal Account.

International Transfers

IBAN Countries

Dedicated IBANs assigned to Personal Account belong to the United Kingdom.

Customer Groups

Personal Account is offered to Worldwide.

Pricing Plans

Personal Account is offered with a single pricing plan for all customers.

  • personal
  • offered to: Worldwide
  • Application Fee 0.00 EUR
  • Initial Fee 0.00 EUR
  • Monthly Fee 0.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Out 1.00 EUR
  • SEPA In 0.00 EUR

Alternatives to Monevium Personal Account

See Also

Business Account

Business Account
Currency
EUR
Payment Cards
physical
virtual
Dedicated IBAN
available (GB IBAN)
UK Account Number
not available
Customer Groups
Worldwide
Pricing Plans
Plan A
Plan B
Plan C
Plan D
Plan E
Account Access
web application
mobile application

Advantages

Open a Euro IBAN current account in minutes

Receive and send funds worldwide, in a fast, easy and efficient way

Access your account on the web or via the app

(*)as stated by the company itself

Currency

Business Account is a single-currency account, allowing the account holder to have funds in EUR only.

EUEUR (Euro)

Payment Cards

A payment card can be ordered together with Business Account.

International Transfers

IBAN Countries

Dedicated IBANs assigned to Business Account belong to the United Kingdom.

Customer Groups

Business Account is offered to EEA, CH, UK UBOs, business category C, business category D, offshore countries.

Pricing Plans

Business Account is offered with several pricing plans for different customer groups, namely Plan A, Plan B, Plan C, Plan D, Plan E.

  • Plan A
  • offered to: EEA, CH, UK UBOs
  • Application Fee 0.00 EUR
  • Initial Fee 100.00 EUR
  • Monthly Fee 20.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Out min 1.00 EUR; max 40.00 EUR
  • SEPA In 0.00 EUR
  • Plan B
  • offered to: EEA, CH, UK UBOs
  • Application Fee 0.00 EUR
  • Initial Fee 800.00 EUR
  • Monthly Fee 100.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Out min 20.00 EUR; max 80.00 EUR
  • SEPA In 0.00 EUR
  • Plan C
  • offered to: business category C
  • Application Fee 0.00 EUR
  • Initial Fee 1000.00 EUR
  • Monthly Fee 150.00 EUR
  • Closing Fee 150.00 EUR
  • SEPA Out min 30.00 EUR; max 100.00 EUR
  • SEPA In 0.10 %; min 100.00 EUR
  • Plan D
  • offered to: business category D
  • Application Fee 0.00 EUR
  • Initial Fee 1500.00 EUR
  • Monthly Fee 200.00 EUR
  • Closing Fee 150.00 EUR
  • SEPA Out 0.20 %; min 25.00 EUR; max 200.00 EUR
  • SEPA In 0.20 %; min 25.00 EUR; max 150.00 EUR
  • Plan E
  • offered to: offshore countries
  • Application Fee 0.00 EUR
  • Initial Fee 3000.00 EUR
  • Monthly Fee 350.00 EUR
  • Closing Fee 200.00 EUR
  • SEPA Out 0.30 %; min 50.00 EUR; max 200.00 EUR
  • SEPA In 0.30 %; min 50.00 EUR; max 200.00 EUR

Alternatives to Monevium Business Account

See Also

Company Details

Country of Registration
GBUnited Kingdom
Company Number
10251711
BIC
ADWSGB22
Authorized By
Financial Conduct Authority
Authorization Type
Payment Institution
Reference Number
766038
Authorization Granted
24 May 2018
Authorized Activities
issuance 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)
execution of payment transactions on a payment account (using a credit line)
issuing payment instruments or acquiring payment transactions
money remittance
execution of payment transactions via telecoms, IT system or network operator
account information services
payment initiation services

Monevium Ltd is authorized by the Financial Conduct Authority as a payment institution (reference number 766038) for 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, money remittance; the authorization was granted on 24 May 2018.

Funds Safeguarding
Yes
Deposit Guarantee
No

Monevium Ltd is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Monevium is required to safeguard its customers’ money.

EEA Passport
No

Since January 2021, Monevium Ltd can not conduct its activities in EEA member states.

See Also

Membership

SWIFT
SEPA

Monevium Ltd is a SWIFT member and a SEPA (SCT) scheme participant.

MasterCard

Monevium Ltd is connected to MasterCard payment card scheme.

See Also

Contacts

address80 Coleman Street, EC2R 5BJ, London, United Kingdom
Website Languages
GBEnglish

Social Networks

Monevium has profiles on the following social networks:

Customer Support

FAQ / Help Center
E-Mail / Contact Form
Live Chat
Phone
Account Manager
Multi-Lingual

Transparency

About Us / Company
Owners / Shareholders
Pricing
Management Team

See Also

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See Also

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