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Modulr vs Olky: what each publishes

As of October 17, 2026, Olky takes these industries by its own published rules: AI and SaaS, with conditions. We hold no such rule from Modulr.

ModulrFCA / DNBOlkyCommission de Surveillance du Secteur Financier (Luxembourg)

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

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

Olky

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

Policy by industry

Modulr and Olky: published policy by industry
IndustryModulrOlky
AI and SaaSNo published ruleWith conditions
CryptoNo published ruleDepends on the activity
iGamingNo published ruleNo published rule
AdultNo published ruleNo published rule
Unlicensed financial servicesNo published ruleNo published rule
Forex and CFDNo published ruleNo published rule
MarketplaceNo published ruleNo published rule

Where owners must live

Modulr

No published rule

Olky

No published rule

Rules about countries

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

Olky

Yes, the Olky Pro Account is open to all companies and associations regardless of their form and size, from micro-enterprises to multinationals, wherever they are located in the European Union.

Olky · Takes companies registered in · · Source
All countries named (34)

Åland Islands, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, French Guiana, Germany, Greece, Guadeloupe, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Poland, Portugal, Réunion, Romania, Slovakia, Slovenia, Spain, St Martin, Sweden

Fees

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

Olky

Olky: published fees
PlanAccount openingMonthlyChecked
Olky Pro account, French IBAN (FR)Free ('The opening of an FR account is free of charge'); first deposit of at least EUR 100EUR 19.90 ('The monthly subscription to the Olky Pro account is') · Source
Olky Pro account, Luxembourg IBAN (LU)EUR 500 ('Opening a LU account costs €500,00'); first deposit of at least EUR 700EUR 19.90 ('The monthly subscription to the Olky Pro account is') · Source

Closing an account

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

Olky

17.1.1 OlkyPay se réserve, en toutes hypothèses, le droit de résilier la présente convention liant les Parties moyennant un préavis de DEUX (2) mois.

Notice before closing · · Source

Account closed or frozen? What Olky’s terms say

Licence

LicenseeModulrOlky
LicenseeModulr FS Limited · electronic money institution authorised by the FCA (FRN 900573) · Modulr Finance B.V. · electronic money institution authorised by De Nederlandsche Bank (R182870)Olky Payment Service Provider S.A. (OlkyPay) · payment institution authorised in Luxembourg and supervised by the CSSF (register Z00000006; Ministry of Finance authorisation 47/13) · French branch (Levallois-Perret) supervised by the ACPR
RegulatorFCA / DNB · Commission de Surveillance du Secteur Financier (Luxembourg) ·