3S Money business account review

If your company regularly trades abroad, find out whether the multi-currency business accounts from 3S Money could work for you.

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3S Money

3S Money connects businesses to their customers around the world by offering local business accounts to send and receive funds globally. Its digital accounts can handle transactions in 40+ different currencies.

What types of business accounts are on offer?

3S Money offers a number of different multi-currency business bank accounts. Local IBANs are currently offered in the UK, Netherlands, Luxembourg, Denmark, Germany and the US.

The UK current account enables businesses to trade in euros, dollars and more than 65 other currencies. It’s designed to help your business send and receive high-value business payments around the world. It also offers a personal manager to support your business as well as online account access for up to 10 users.

The global account is designed to move large international payments in all major currencies across the globe, with same-day transfers to and from the UK, EEA, China, Russia and the Middle East. The account also offers a personal manager to help your business and it can be managed online.

What types of fees are there to pay?

All business accounts from 3S Money charge a $100 monthly fee and, depending on the nature of your business, there may also be an onboarding fee to pay before opening your account.

Fees also apply to certain transactions. Incoming payments within the UK and the Single Euro Payments Area (SEPA) zone are free of charge, but outgoing payments are charged at 60p and €1 respectively.

There is also a $25 charge for incoming SWIFT international payments and a $30 charge for outgoing payments.

How to apply

You can open a 3S Money business account completely online. To do so, you will need to fill in an online form and you will then receive an email inviting you to start the onboarding process.

3S Money prides itself on the fact that it provides a human contact to guide you through the onboarding process rather than a chatbot. Each application is processed on a case-by-case basis, which means you may be able to open an account even if you’re a non-resident.

When opening your account, you will need to provide the following information:

  • A shareholder register
  • A signed resolution document
  • Evidence of funds
  • Details of your business activities
  • Where your company is based
  • How long it’s been operational
  • Which countries you’ll be paying and receiving funds to and from

Directors and shareholders are accepted from more than 190 countries and your account will be open within 15 days.

Is 3S Money safe?

3S Money is an e-money institution, which means money held within its accounts is not protected by the Financial Services Compensation Scheme (FSCS).

However, 3S Money is authorised by the Financial Conduct Authority (FCA) and your funds will be held in a segregated account that is protected by safeguarding requirements under the Electronic Money Regulations 2011. This means that if 3S were to become insolvent, you should get your money back.

Pros and cons


  • Able to send and receive high-value business payments around the world
  • Can handle transactions in 65+ currencies
  • Dedicated personal manager for your account
  • Same-day transfers available
  • Local IBANs offered


  • High monthly charge
  • An application fee may also apply
  • No FSCS protection
  • Fees for certain transactions

Customer service information for 3S Money

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

If your business regularly sends and receives large amounts of money in foreign currencies to and from different countries across the globe, the 3S Money accounts are certainly worth a look, particularly if you’re looking to make transfers quickly and efficiently.

However, when comparing your options, you’ll need to weigh up the cost of the hefty monthly fee to see whether it’s worth paying or whether an alternative account could work out cheaper overall.

Frequently asked questions

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Written by

Rachel Wait

Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full profile

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