Fees and Pricings

The pricing below is applicable from April 17, 2024. Here are our legacy fees.

This Fees and Pricing Section is outlined in the General Terms of Service and serves as an addendum to those Terms. This Section is subject to change at any time, with or without prior notice. Please note that we may, at our discretion and with or without notice, apply different fees or prices for any items listed herein. In such cases, these new fees or prices will take precedence over those specified in this Schedule and will apply to you accordingly.”

Account management fees

Monthly fees by plan type

Starter

$ 25 Monthly
  • Customer service in 12 languages
  • Access to SWIFT, SEPA and Faster Payments networks
  • Local IBANs in the UK, NL and LUX

Standard

$ 100 Monthly
  • All Starter account features
  • Average savings of 34% on transaction fees compared to the Starter plan.
  • 2 account users and a personal Relationship Manager

Enterprise

$ 300 Monthly
  • All Starter & Standard account features
  • Average savings of 53% on transaction fees compared to the Starter plan.
  • 5 account users and a personal Relationship Manager

Enterprise Plus

Bespoke Monthly
  • All Enterprise account features
  • Average savings of 71% on transaction fees compared to the Starter plan.
  • API integrations
  • 10 account users and a personal Relationship Manager

Exceptions

An onboarding fee may be applicable before your account is activated, depending on your business type. Our team will reach out to you during the application process to discuss this.

For businesses with high payment volumes or specific needs, we offer the option to create a custom pricing package. This will be arranged and agreed upon before your account is opened.

Transaction Fees

Foreign exchange (FX) charges:

Foreign exchange (FX) charges are determined based on real-time market rates at the time of your transaction. The applicable FX fee will be shown when you begin the currency exchange process.


All currency pairs

Calculated at the time of exchange

Payment charges:

Payment charges, unless otherwise specified, will be calculated based on the pricing outlined below at the time of the transaction. You will see the applicable payment charge before finalizing the transaction. Charges will be applied in the transaction’s currency. Additional fees may apply for payments made or received in a currency different from the sender’s or recipient’s bank. Please note that these charges apply to ‘SHA’ SWIFT payment types. Using ‘OUR’ SWIFT payment types may result in additional fees.

Payment charges (the cost is fixed regardless of the size of payment):

Account typeStarter Standard Enterprise Enterprise Plus
Outgoing SEPA / Local / Domestic5 USD2 USD 1 USD 1 USD
Outgoing SWIFT / International20 USD 10 USD 5 USD1 USD
Incoming SWIFT / International10 USD 5 USDFREEFREE
Incoming / Outgoing within 8S MoneyFREEFREEFREEFREE

Payment charges (the cost will depend on the size of payment):

Starter Standard Enterprise Enterprise Plus
Outgoing payments
Area 10.00%0.00%0.00%0.00%
Area 20.40%0.30%0.15%0.10%
Area 30.55%0.40%0.25%0.15%
Area 40.70%0.50%0.35%0.20%
Area 50.85%0.60%0.45%0.25%
Area 61.00%0.70%0.55%0.30%
Area 71.25%0.85%0.65%0.40%
Area 81.50%1.00%0.75%0.50%
Incoming payments
Area 10.00%0.00%0.00%0.00%
Area 20.15%0.00%0.00%0.00%
Area 30.25%0.05%0.00%0.00%
Area 40.35%0.15%0.10%0.05%
Area 50.45%0.25%0.15%0.10%
Area 60.85%0.60%0.45%0.25%
Area 71.00%0.70%0.55%0.30%
Area 81.25%0.85%0.65%0.40%

Payment areas

For transaction charges, a payment area refers to the countries where the bank you are transacting with is located.

AreaCountry
Area 1Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
Area 2Australia, Canada, French Guiana, New Zealand, Switzerland, UAE, United States
Area 3Argentina, Channel Islands, Chile, Faeroe Islands, Holy See, Hong Kong, Isle of Man, Japan, Monaco, San Marino, Singapore, South Korea, Saudi Arabia
Area 4Barbados, Bosnia and Herzegovina, Brazil, Burundi, China, Djibouti, Dominican Republic, Georgia, India, Indonesia, Israel, Macao, Malaysia, Maldives, Mexico, Mauritania, Mongolia, Qatar, Réunion, South Africa, Taiwan, Thailand, Turkey, Uruguay
Area 5Albania, Bahrain, Bangladesh, Bhutan, Bolivia, Brunei, Cabo Verde, Cambodia, Colombia, Dominica, Ethiopia, Gabon, Ghana, Grenada, Gibraltar, Kuwait, Montenegro, Mozambique, Nepal, Nigeria, North Macedonia, Oman, Peru, Philippines, Rwanda, Senegal, Serbia, Sierra Leone, Sri Lanka, Ukraine, Western Sahara, Zambia
Area 6Antigua and Barbuda, Benin, Botswana, British Virgin Islands, Cameroon, Cayman Islands, Comoros, Costa Rica, Côte d'Ivoire, Curacao, Ecuador, Eswatini, Gambia, Guinea, Jordan, Madagascar, Lesotho, Mali, Moldova, Morocco, Namibia, Paraguay, Saint Helena, Saint Vincent and the Grenadines, Sao Tome & Principe, Seychelles, Suriname, Timor-Leste, Uganda, Vietnam
Area 7Algeria, Angola, Armenia, Azerbaijan, Belize, Chad, DR Congo, El Salvador, Guatemala, Guyana, Honduras, Kenya, Laos, Malawi, Liberia, Mauritius, Niger, Pakistan, Panama, Saint Kitts and Nevis, Saint Lucia, State of Palestine, Tanzania, The Bahamas, Togo, Tunisia, Zimbabwe
Area 8Burkina Faso, Congo, Egypt, Equatorial Guinea, Eritrea, Guinea-Bissau, Kazakhstan, Kyrgyzstan, Lebanon, Mayotte, Sudan, Tajikistan, Trinidad and Tobago, Turkmenistan, Uzbekistan, Jamaica

Account fees

Fees associated to your account

Account minimum balance3x your account maintenance fee
Account closure fee*1 account maintenance fee applicable to the account
Close of an account of the client which does not comply with 8S Money’s General Terms of Service570 USD
Verification fee (during account onboarding)80 USD
Additional accounts and users
Any additional accounts and local IBANsFree of charge
Account users(Amendments to the registered email, user details or company details)115 USD (per additional user, after account activation)

*If your 8S Money account is closed within six months of its opening, an early account closing fee will apply. This fee will be the difference between the total monthly fees for the first six months from the account opening date and the amount of fees you have actually paid before the account closure.”

Other Fees

Submitted transfer enquiries and manual processing

Manual processing of incoming transfer with incorrect details100 USD + additional fee*
Manual processing of incoming transfer with incorrect details100 USD + additional fee*
Enquiry and manual processing of incoming/outgoing transfer.
Within 1 year following the transaction date(s)
170 USD + additional fee*
Enquiry and manual processing of incoming/outgoing transfer.Over one year following the transaction date(s)230 USD + additional fee*
*Additional fees may be incurred if the intermediary bank or beneficiary bank charges extra fees related to your transfer inquiry. These additional fees will be equivalent to the charges imposed by those banks.
Cancellation fees
After funds are written off from an account, but before 8S Money sends a payment order20 USD
After 8S Money sent a payment order170 USD + additional fee*
Return of payment by a correspondent or beneficiary bank
Correspondent bank60 USD
Beneficiary bank60 USD
Regular Payment Order (SWIFT confirmation)
Order registration60 USD
"Additional fees may apply if, during the cancellation or modification of payment orders, the intermediary or beneficiary bank imposes extra charges. These fees will match the amounts charged by the banks.

Please note that requesting a payment reversal or commission charge-off does not guarantee a refund. If the funds have already been credited to the beneficiary’s account, a refund can only be processed with the beneficiary’s agreement."
Documents and references
Special requests
Adding or changing an account user after account activation, amendments to registered email or other user details.115 USD per action
Amendments to any legal documents in relation to an account (e.g. any changes to 8S Money's standard forms of account authorising resolutions)USD 400 per hour
Blocking certificate
Management fees for the duration of the blocking period will be charged after the incorporation of the entity and/or on receipt of deblocking certificate.
800 USD
Preparation and processing of documents and references
Standard account reference (limited to confirming the existence of an account and/or account balance)60 USD
Additional charge for expedited account reference (same-day delivery if the request is submitted within normal working hours prior to 4pm London time, otherwise the next working day delivery)35 USD
Response to an auditor's request in respect of an existing client400 USD
Copy of any reference or document25 USD per page
Provision of information to auditors of a former client570 USD
Processing and delivery of account statements
Statement of account for up to 12-month period preceding the date of the request (only available through 8S Money Client Portal)Free of charge
Any other statement of account (only available through your 8S Money Client Portal), except any statement of account for any closed accountsFree of charge
Statement of account for any closed accountThe greater of 230 USD or 10 USD per page
Correspondence fees
Postage fees25 USD per correspondence item + applicable international courier fees

Need more information? Reach out to us, and we'll be happy to assist you.

Our team is here to guide you through the process of opening your business account, all without needing to step into a bank. We speak over 12 languages, so let us know if you’d like to schedule a call in your native language.

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