Our Card

Eligibility Criteria

Check if you’re eligible for a business Card

If you have foreign exchange and business payment requirements, subject to the eligibility criteria below and our usual Terms & Conditions, a Finseta business card may be right for you.

We don’t want to raise expectations and disappoint applicants so we’ve put together a list of the types of businesses and industries that we typically support and those that we don’t.  Even if you’re in the supported list it does not necessarily mean that we’ll be able to offer you an account.

You can apply for an account if you’re:

  • at least 18 years old
  • the director of a registered limited company based in the UK.  Both your registered address and principal trading address must be in the UK
  • a sole trader – if you are a sole trader we will not accept third party funds in.  All funds must come from an account in your own name.
  • If you’re a limited company, to be eligible your company needs to:
    • have an active status on Companies House (we can’t support dormant companies)
    • have an active company director listed on Companies House i.e. not disqualified director
    • have at least one person of significant control (PSC) listed on Companies House.  The director and PSC can be the same person.
    • be a tax resident in the UK, and no other countries

When you apply for a Finseta business account, we’ll verify all the  people with significant control (PSC’s) in your business.  As part of the application process, you will have to confirm that you have sought permission from all the PSC’s in your business for us to do this.

We do not support the following:

  • Chaities

 

  • Community interest company (CIC)

 

  • Clubs or other non-registered organisations

 

  • Trusts or funds

 

  • Other registered business types, like an unlimited company (Unltd), industrial and provident society (IPS) or Royal Charter (RC).

 

Other reasons we can’t support you

If your business is based, registered, or a tax resident outside of the UK we can’t offer you an account.

Unfortunately currently we do not support the following:
 

  • currency exchanges including virtual currencies, and money services business

  • mining and quarrying

  • defence and weapons

  • consumer credit or lending money

  • dating or escort services

  • precious metals and stones (like jewellery)

  • tattoo and nail parlours

  • probate and estate management

  • gambling and betting

  • weapons manufacturing and/or selling

  • unlicensed scrap metal

  • unregistered waste management

  • shell companies

  • illegal or unlicensed drugs

  • used  vehicles

  • bidding fee auctions

  • regulated or unregulated financial investment, loan, foreign exchange (FX) or banking businesses

  • selling or making cannabidiol products (CBD), like cannabidiol oil

  • certain types of manufacturing

  • financial and insurance activities

  • public administration and defence, and compulsory social security. That includes things like defence, immigration services, foreign affairs and running government programmes.

The above list is not exhaustive and even if your specific industry type is not listed above, we still cannot guarantee that your application will be accepted.  In fact we cannot guarantee that any applicant will be accepted as we are required to take a risk based approach to our applicant processing by our regulator, the Financial Conduct Authority (FCA).

 

Want To Know More?

Read our FAQ

 

Sign Up Today

No Monthly Fee’s All Freedom

 

 

Terms and Conditions

Read Below