An account in your business name capable of receiving and sending over 30 currencies, all from a single platform.
Why clients choose us...
Centralise your global currencies without needing a physical presence abroad.
We provide clients with a UK-based, multi-currency IBAN that can receive and hold over 30 currencies. Instead of opening separate bank accounts in each country, which is a slow, paperwork-heavy process often complicated by language barriers, you can open an account with Reciprocal in days and be ready to trade globally.
Your funds are safeguarded with tier-one banks for maximum security.
We’ll never handle your money directly. Your funds go into a dedicated account in your name, held by our FCA-regulated partners via tier-one banks like Barclays and Citibank. Funds are kept in segregated accounts, completely separate from both our and our partners’ company funds, so even if either stopped trading, your money would stay protected at the bank.
Open accounts for all major currencies, plus a broad range across the Middle East, Far East, Africa, and Latin America.
As more businesses operate without geographical limits, global trade is becoming the norm. We support all major G7 currencies as well as many others, with growing demand for Middle Eastern currencies.
Our fintech currency partners
Founded in 2005, Equals Money is a UK-based fintech with nearly two decades of experience in foreign exchange payments and multi-currency solutions. FCA-regulated and ISO/IEC 27001:2022 certified, they operate to the highest standards of compliance, security, and reliability. Their proven infrastructure processes billions in international payments each year, sending currency to more than 150 countries.
Sciopay, founded in 2019, is a UK fintech regulated by the FCA as an Authorised Payment Institution. They process over £3 billion in payments each year and use AI technology to speed up compliance checks and processing times, often outperforming even the most established fintech payment providers. Sciopay is Cyber Essentials certified by the UK government, and their secure systems support transfers to over 150 countries worldwide.
How does the relationship work?
Reciprocal acts purely as a broker, introducing you to the fintech partner best suited to your needs while maintaining an ongoing relationship with you. Much like a mortgage advisor sources the right lender for your mortage we work with leading fintech providers to access their platform technology, regulatory authorisations, and payment infrastructure, allowing us to deliver a secure, compliant, and efficient service.
Relationship
We establish a trusted relationship with you, taking the time to fully understand your international payment requirements.
Account opening
We select the provider best suited for your business and assit you in opening an account with them.
Ongoing support
We remain as your main point of contact, feel free to call, email or WhatsApp us anytime. We're always happy to help.
Regulation and compliance
Provide foreign exchange services for both businesses and individuals, helping us bring a regulated payment service directly to you.
Technology
Give you access to their online platform, allowing you to make transactions and manage your international payments independently.
Notifications and updates
Send you important updates & notifications about your international payments, such as when your payments sent or when funds arrive in your account.
We’re a multi-award-winning financial services brokerage providing FX international payment solutions for businesses, charities, and individuals. Our clients earn cashback on every currency exchange through our unique reward scheme. We also offer a range of working capital solutions to help businesses access the funding they need to grow.
Reciprocal Payments Limited. Company registered in England and Wales No. 15217588
Payment services are FCA-Regulated and provided by Equals Money PLC, registered in England and Wales (no. 05539698). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Money PLC is authorised by the Financial Conduct Authority to provide payment services (FRN: 488396).
Foreign Exchange and Payment Services for customers introduced by Reciprocal to Sciopay Ltd are provided solely by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales with Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB) with Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution with Firm Reference Number: 927951
