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Opening an account in Finsei payment system (England)
- Price:500 EUR
- Term:1–3 days
Finsei Ltd (until 2025 — AltPay Ltd) is a licensed electronic money institution in the United Kingdom operating under the supervision of the FCA (Financial Conduct Authority). The company provides regulated financial services, including the issuance of electronic money and the execution of payment transactions.
Since 2018, Finsei has been offering convenient digital solutions for small and medium-sized businesses, as well as for private users. These include: IBAN business accounts, virtual and plastic debit cards, contactless payments, internal and international transfers via SEPA and SWIFT. Among the additional features are white-label cards and integration with popular payment systems, including Apple Pay.
Finsei focuses on an individual approach to tariffs, fast onboarding, and an intuitive interface, allowing clients to efficiently manage finances and expand their business without unnecessary bureaucracy.
- VISA cards — virtual, plastic (physical), as well as disposable cards. Available only with a European residence permit.
- Accounts in euros with direct bank details. Multi-currency accounts in dollars and pounds with indirect details are possible — for companies operating in various sectors, including IT and marketing.
- International transactions via SEPA, SEPA Instant / Target2 and SWIFT.
- Finsei is a crypto-friendly payment system.
- Integration with popular payment systems: Apple Pay, Google Pay and Garmin Pay.
- Pricing policy is individual and depends on the specific case. The tariffs listed below are indicative.
Accounts are available for most countries, except for prohibited and sanctioned ones. The payment system services most types of activities, except unlicensed and prohibited ones. The most popular sectors are: IT, marketing, artificial intelligence.
Both personal and business accounts are opened for conducting commercial activities.
The procedure for opening an account in Finsei is carried out completely online.
The first stage is filling out and submitting an application for account opening.
Then identity verification takes place, which includes a photo of the passport or ID and facial confirmation using the phone camera.
For a corporate account, additional company information is filled in, constituent documents are uploaded, and the director, UBO, business model, counterparties, planned turnovers and sources of funds are specified.
Please note that according to international standards for opening accounts, each payment system is obliged to follow the KYC procedure, therefore it will require documents and data confirming identity, business and financial standing for identification. A financial institution may also, based on its internal rules, refuse cooperation without explanation.
To avoid such negative consequences, contact specialized lawyers for a preliminary consultation on opening foreign accounts, and we will explain to you all the nuances of how to open an account in the Finsei payment system (England).
To open a personal account, the following are required:
- passport
- proof of address: bank statement or utility bill (not older than 3 months)
- proof of source of funds
To open a business account, the following are required:
- company incorporation documents (extract not older than 6 months)
- articles of association or power of attorney for the signatory
- documents on ownership structure and UBO
- passports of the director and beneficiaries
- proof of address of the director and UBO (not older than 3 months)
- description of the business, counterparties and financial flows
- financial documents (statements / reports)
- contact details of the director and UBO
If necessary, Finsei may request additional documents within the compliance procedure.