Modulr
Modulr: takes companies registered in: United Kingdom; EU / EEA (western & northern, plus Spain, Italy, Portugal); EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta). We hold no rule from it on any of the 7 industries we track. Last verified October 17, 2026.
- 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)
- FCA / DNB ·
Where it takes companies from
- 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
Products it publishes
International payments and FXSays it offers this
Make international payments using the global SWIFT network.
Foreign Exchange services and international payments services are provided by The Currency Cloud Limited.
Company cardsSays it offers this
Create unlimited virtual company cards
You can instantly issue secure virtual cards in a range of currencies to manage supplier payments, disburse loans, or handle daily business expenses with flexibility and control.
Bulk payoutsSays it offers this
Virtual accounts for your customersSays it offers this
Modulr helps marketplaces streamline operations and scale with instant-issue segregated accounts for buyers and sellers
Safeguarding accountSays it offers this
Use Modulr instant-issue accounts and real-time notifications to segregate client and intermediaries payment flows
Modulr provides the tools for proptech businesses to easily collect rental fees, segregate funds, assess platforms fees and distribute income to landlords.
Does not say it offers: Accepting card payments, Crypto on- and off-ramp, Client money account, Escrow
As its own pages say it, each quote with the date we read it. A product it does not mention is never shown as one it does not offer.
Currencies it holds
Holds EURa balance; account details of its own on the local payment system
Open accounts in a range of currencies, each with a sort code and account number or a choice of local IBAN. ... Open accounts in GBP, EUR, USD, CZK, DKK, NOK, PLN, SEK, CHF, HKD, JPY with more currencies coming soon.
For EEA accounts, choose from a range of local IBANs, including Dutch (NL), Spanish (ES), French (FR), and Irish (IE)
Holds GBPa balance; account details of its own on the local payment system
Open accounts in a range of currencies, each with a sort code and account number or a choice of local IBAN. ... Open accounts in GBP, EUR, USD, CZK, DKK, NOK, PLN, SEK, CHF, HKD, JPY with more currencies coming soon.
UK accounts are issued with a sort code and account number.
Holds USDa balance; account details of its own in this currency
Open accounts in a range of currencies, each with a sort code and account number or a choice of local IBAN. ... Open accounts in GBP, EUR, USD, CZK, DKK, NOK, PLN, SEK, CHF, HKD, JPY with more currencies coming soon.
Holds CHFa balance; account details of its own in this currency
Open accounts in a range of currencies, each with a sort code and account number or a choice of local IBAN. ... Open accounts in GBP, EUR, USD, CZK, DKK, NOK, PLN, SEK, CHF, HKD, JPY with more currencies coming soon.
Holds HKDa balance; account details of its own in this currency
Open accounts in a range of currencies, each with a sort code and account number or a choice of local IBAN. ... Open accounts in GBP, EUR, USD, CZK, DKK, NOK, PLN, SEK, CHF, HKD, JPY with more currencies coming soon.
Does not say it holds: CAD, SGD, AUD
Only currencies its own pages name, each quote with the date we read it. A currency it does not mention is never shown as one it does not hold.
Policy by industry
No published rule (read in full on October 9, 2026): Crypto, iGaming, Adult, Unlicensed financial services, AI and SaaS, Forex and CFD, Marketplace
Has this rule changed? Tell us
Fees
All 9 fee lines, by plan and country
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Bundle (Accounts Payable, Spend Management and Payroll Payments) Bronze | Not stated | GBP 30.00 | · Source |
| Bundle Silver | Not stated | GBP 110.00 | · Source |
| Bundle Platinum | Not stated | GBP 500.00 | · Source |
| Accounts Payable & Spend Management Bronze | Not stated | GBP 20.00 | · Source |
| Accounts Payable & Spend Management Silver | Not stated | GBP 75.00 | · Source |
| Accounts Payable & Spend Management Platinum | Not stated | GBP 320.00 | · Source |
| Payroll Payments Bronze | Not stated | GBP 16.25 | · Source |
| Payroll Payments Silver | Not stated | GBP 67.20 | · Source |
| Payroll Payments Platinum | Not stated | GBP 300.00 | · Source |
Closing an account
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.
If more than 35 working days from the date of your complaint has past and you haven’t received a final response, or you are dissatisfied with the final response you have received (at any stage of the process) you may be eligible to refer your complaint to the Financial Ombudsman Service depending on your location:
Account closed or frozen? What Modulr’s terms say
Rules about countries
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.
Afghanistan, Belarus, Cuba, DR Congo, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Yemen
What we read
- Acceptable use and prohibited activities
- Read · modulrfinance.com/direct-sme-onboarding… · modulrfinance.com/prohibited-jurisdicti…
- Help pages on particular industries
- Searched, none published
- Countries it takes
- Searched, none published
- Countries it refuses
- Read · modulrfinance.com/prohibited-jurisdicti…
- Rules on owners and directors
- Searched, none published
- Terms on closing accounts
- Read · modulrfinance.com/direct-sme-onboarding… · modulrfinance.com/direct-sme-onboarding…
- Complaints
- Read · modulrfinance.com/complaints-policy · modulrfinance.com/direct-sme-onboarding… · modulrfinance.com/direct-sme-onboarding…
- Licence register
- Read · register.fca.org.uk/s/firm · dnb.nl/en/public-register/information-d…