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Fire vs Modulr: what each publishes

As of October 26, 2026, we hold published rules from Fire on 2 of 7 industries and from Modulr on 0.

FireFCA / Central Bank of IrelandModulrFCA / DNB

Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.

Where it takes companies from

Fire

Its own list of countries, quoted below with its source and date

Modulr

  • United Kingdom
  • EU / EEA (western & northern, plus Spain, Italy, Portugal)
  • EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)

The regions its own documents name, read on October 9, 2026

Policy by industry

Fire and Modulr: published policy by industry
IndustryFireModulr
CryptoNoNo published rule
iGamingNo published ruleNo published rule
AdultNo published ruleNo published rule
Unlicensed financial servicesNoNo published rule
AI and SaaSNo published ruleNo published rule
Forex and CFDNo published ruleNo published rule
MarketplaceNo published ruleNo published rule

Where owners must live

Fire

No published rule

Modulr

No published rule

Rules about countries

Fire

We onboard businesses incorporated in the United Kingdom or Ireland with directors/owners resident and/or citizens of the EU & UK (and other countries available on request).

Fire · Takes companies registered in · · Source

Ireland, United Kingdom

We onboard businesses incorporated in the United Kingdom or Ireland with directors/owners resident and/or citizens of the EU & UK (and other countries available on request).

Fire · Takes owners who hold the passport of, or live in · · Source

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Modulr

Use of Modulr’s services for any dealings, engagement, or sale of goods/services directly or indirectly with the following are prohibited: … Jurisdictions Modulr has deemed as prohibited, including but not limited to - Afghanistan, Belarus, (Democratic Republic of) Congo, Cuba, Haiti, (Islamic Republic of) Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Russian Federation, Somalia, South Sudan, Sudan, Syria, Yemen.

Modulr · Refuses companies or owners from · · Source

Afghanistan, Belarus, Cuba, DR Congo, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Yemen

Fees

Fire

Fire: published fees
PlanAccount openingMonthlyChecked
Fire Business Account (UK company)GBP 0 set-up fee ('Set Up Fee')GBP 10 a month ('Monthly Fee') · Source
Fire Business Account (Irish or other EU company)EUR 0 set-up fee ('Set Up Fee')EUR 10 a month ('Monthly Fee') · Source

Modulr

All 9 fee lines, by plan and country
Modulr: published fees
PlanAccount openingMonthlyChecked
Bundle (Accounts Payable, Spend Management and Payroll Payments) BronzeNot statedGBP 30.00 · Source
Bundle SilverNot statedGBP 110.00 · Source
Bundle PlatinumNot statedGBP 500.00 · Source
Accounts Payable & Spend Management BronzeNot statedGBP 20.00 · Source
Accounts Payable & Spend Management SilverNot statedGBP 75.00 · Source
Accounts Payable & Spend Management PlatinumNot statedGBP 320.00 · Source
Payroll Payments BronzeNot statedGBP 16.25 · Source
Payroll Payments SilverNot statedGBP 67.20 · Source
Payroll Payments PlatinumNot statedGBP 300.00 · Source

Closing an account

Fire

15.2 We may close the Business Account or any part of the Fire Services associated with it on giving you 90 days prior notice.

Notice before closing · · Source

Account closed or frozen? What Fire’s terms say

Modulr

11.1 We can terminate your Account at any time if we give at least three (3) months’ notice and transfer any Available Balance at the time to your nominated bank account without a charge.

Notice before closing · · Source

Account closed or frozen? What Modulr’s terms say

Licence

LicenseeFireModulr
LicenseeFire Financial Services Limited (Fire-UK) · EMI authorised by the FCA (FRN 900983) · Fire Financial Services Limited (Fire-EU, Ireland) · payment institution authorised by the Central Bank of Ireland (C58301)Modulr FS Limited · electronic money institution authorised by the FCA (FRN 900573) · Modulr Finance B.V. · electronic money institution authorised by De Nederlandsche Bank (R182870)
RegulatorFCA / Central Bank of Ireland · FCA / DNB ·