Fortu private current account review

Looking for a bank account that makes it easy to send money abroad? Find out what Fortu has to offer.

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Launched in 2020, Fortu is a digital private banking solution that offers both an individual e-money account as well as a multi-currency business account. This review takes a closer look at its individual account to see if it could work for you.

What types of accounts are on offer?

Fortu’s individual account gives you access to a free UK account, a free euro and US dollar IBAN account plus free local payments within the UK and the EU. You will be able to receive, send and exchange money in more than 35 currencies worldwide with competitive foreign exchange rates and fixed transfer fees.

You’ll also have access to 24/7 customer support and a dedicated client relations manager to offer tailored support and guidance.

Fortu is also getting ready to launch a personalised investment experience (Wealth) that will offer a range of ready-made investment “baskets” for you to choose from. Each basket will contain themed stocks so you can build your own portfolio across various asset classes. You’ll then be able to track the growth of your portfolio and its performance via the app.

What types of fees are there to pay?

Although the Fortu account itself is free, there will be fixed transfer fees to pay when you send money abroad. However, Fortu uses the interbank exchange rate, making it a competitive option.

How to apply

You can apply for a Fortu account in just 5 minutes either online or via the app. You will need to fill in an online form and provide the following details:

  • Name
  • Address
  • Date of birth
  • Email address
  • Phone number
  • Details of your bank account and debit and credit cards.

You will also need to provide ID such as your passport or driving licence.

Is Fortu safe?

As Fortu is an e-money account, your money will not be protected under the Financial Services Compensation Scheme (FSCS). However, your funds will be held in a segregated account that is protected by safeguarding requirements under the Electronic Money Regulations 2011. This means that in the event Fortu’s partner Modulr FS Ltd becomes insolvent, getting your money back would take priority over other creditors.

Pros and cons of Fortu


  • Free UK account and free euro and US dollar account
  • Free local payments in UK and EU
  • Receive, send and exchange money in more than 35 currencies worldwide
  • 24/7 customer support


  • Limited account features
  • No FSCS protection
  • No overdraft facility

Customer service information for Fortu

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

Our verdict

If you regularly transfer money overseas, this account from Fortu could be worth considering. Offering free local payments in both the UK and the EU, plus the option to send money in more than 35 currencies worldwide, it’s definitely got something going for it. However, don’t forget you will still need to pay transfer fees, so it’s important to factor these in when comparing your options.

On the other hand, if you’re looking for an account that offers more in the way of innovative tools and features, or perhaps an account that offers rewards such as cashback, this is unlikely to be the account for you.

Frequently asked questions

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