An account in your business’s name
Customers pay into an IBAN that carries your company’s name, not a pooled reference. Hold pounds and euros side by side, see every balance live, and pay out on the rail that fits.
Illustration. Names and figures are sample data.
What you get
Provided by MDRN-FX Services Limited, an FCA-authorised payment institution, FRN 540997.
Hold
Payment accounts with IBANs in your company’s name, in pounds and euros.
- Customer payments arrive under your business name
- Live balances in GBP and EUR
- Funds safeguarded, never lent out
Move
UK, euro and cross-border payments, each on the rail that fits.
- Faster Payments for sterling, typically in seconds
- SEPA and SEPA Instant for euros
- SWIFT for everything further afield
Fee and arrival time shown before you confirm. Rail picker
Spend
Prepaid debit cards, physical and virtual, that spend only what you load.
- One card per person or per purpose
- Per-card limits and merchant controls
- Instant freeze and live transactions
Scheme, issuer, fees and limits confirmed before you order. About the card
An IBAN that carries your company’s name
Clients and customers see your business when they pay, not a reference to a pooled account. You see each payment land in the right currency.
- GBP and EUR accounts side by side
- Receive on Faster Payments, SEPA and SWIFT
- No overdraft and no credit, so a company with no credit history isn’t at a disadvantage
Illustration. Names and figures are sample data.
Who can open one
Limited companies, sole traders and newly incorporated businesses. We ask once, and we do it properly.
Limited companies
Certificate of incorporation, ownership structure down to beneficial owners, and ID for directors and owners.
Sole traders
Your name, address and proof of address. An account that keeps business money separate from personal.
New companies
Newly incorporated businesses can apply. There’s no credit check because there’s no credit.
Everyone is also asked for a clear description of money flows: who pays you, who you pay, in which currencies and roughly what volumes.
How you open a business account
Talk to us
Call, WhatsApp or send the form. Tell us what you need, which currencies you deal in and what you want to pay. No obligation.
We say yes or no, plainly
If an account, payments or a card fit, we tell you which, what it costs and what we need from you. If we can’t help, we say so.
Onboarding
Identity, address and sanctions checks, plus company and ownership checks for businesses. Run once and properly.
Go live
Your account, rails and card are switched on. The same team stays your point of contact.
Business account questions
Who can open a payment account?
Businesses and individuals. For business accounts: limited companies, sole traders and newly incorporated businesses. For personal accounts: individuals, in their own name. Everyone is asked for a clear description of money flows: who pays you, who you pay, in which currencies and roughly what volumes.
What documents do we need to open an account?
For a limited company: certificate of incorporation, the ownership structure down to the beneficial owners, and ID for directors and owners. For a sole trader or an individual: your name, address, proof of address and an identity document.
How is my money protected?
Funds received for a payment are safeguarded under the Payment Services Regulations 2017, held separately from our own funds and never lent out. Payment accounts and the prepaid card are not covered by the Financial Services Compensation Scheme.
Is Alpha Transfers a bank?
No. Alpha Transfers is a trading name of MDRN-FX Services Limited, authorised by the Financial Conduct Authority as a Payment Institution, firm reference number 540997. Money we receive for a payment is safeguarded, held separately from our own funds, rather than protected by the Financial Services Compensation Scheme. We don’t lend or offer overdrafts.
Ready when you are
Tell us what you do and where your money moves. You’ll get a plain answer on whether we can help.