Announcing Free Sign-Ups and Reduced Fees for New Payset Clients!

News and announcements

Jun 12, 2025

4 min. read

rudi@payset.io

Author

It’s the perfect time to sign up for a Payset account — we’ve slashed fees across the board. Plus, we’ve added special prices for Danish users.

Looking to open a cross-border payment account? We have excellent news!

We’ve updated our pricing plans so that new Payset clients receive our best-ever rates on transaction and service fees.

Plus, new account sign-ups are now completely free!

Read on for our latest prices for Payset accounts as well as special new pricing for Danish clients.

Payset Business Account Pricing

Here are some highlights from our new rate plans:

Sign up for free: We’ve eliminated our £95 business account opening fee.
Lower monthly fees: Businesses now pay £29/mo instead of £49/mo to maintain their Payset account.
Revised transaction fees: Send and receive funds affordably with local transaction fees starting at £2 per transfer. Plus, get competitive fees on international transfers and other transactions.
No fees on transfers between Payset users.
More free features: Get account details, hold 34 currencies, and add unlimited users to your account for free.
Dedicated account managers: Businesses can get optional extra support from a dedicated Payset agent starting at £75/mo.

Special Rates for Denmark

To celebrate the return of DK IBANs to Payset’s offerings, we’ve added special rates for Danish users:

Sign up for free: Apply for a Payset account at zero cost with our simple automated online application.
Send and receive funds at affordable rates: Pay just £1,2 to receive funds locally in Denmark. Pay as little as 0,49% when sending or receiving international transactions. Other transactions are subject to other rates.
Monthly access fees: Pay just £29 per month for your account.
Transact with other Payset users for free.
More free features: Get account details and hold 34 currencies for free.

Get in touch for more information!

Fees may differ for clients in high-risk industries. Contact us for a specific quote.

We’re happy to chat anytime about how Payset can meet the unique needs of your business.

Sign up now!

A UK multi-currency account can streamline how you manage your finances. Whether for business or personal use, a multi-currency account provides you with added freedom and flexibility and removes barriers to payments and transfer methods.

Here is everything you need to know about UK multi-currency accounts.

A Payset UK multi-currency account is a single account with which you can hold, send, and receive funds in up to 38 currencies. This allows business or personal account holders to save endless time and money on foreign exchange, and money transfers, which from a traditional bank account would be far more expensive and slow.

From your personal UK-based IBAN account, you can transfer money to bank accounts around the world as well as send and receive free and instant transfers to and from other Payset clients. You can send funds using a diverse network of payment networks, including SWIFT, SEPA, Target2, Faster Payments, CHAPS, and more.

When you exchange funds from one currency to another, there are no margins added to our exchange rates and the fees are clearly displayed before you click send. If you, for example, work with multiple currencies, make purchases in other countries, travel frequently, invest in foreign currencies, pay staff in other countries, or receive payments in other currencies, a multi-currency account can save you time, money, and work compared to a traditional bank account.

There are lots of banking institutions and financial services that will aid you in opening a multi-currency account. Often they can allow you to convert and transfer a considerable number of currencies.

Before you open a UK multi-currency account with any platform or service, make sure you have explored all of the different options available to you and have found the best type of account to suit your financial needs.

How Does a UK Multi-Currency Account Work?

A UK multi-currency account works in the same way as a standard bank account or electronic wallet. Although the services provided will change depending on where you choose to open your account and who you choose to open the account with, all multi-currency accounts should allow you to:

Withdraw money

Send and receive payments in multiple currencies internationally

Access your funds for electronic transfers

Earn interest on your account total

In the same way that fees can occur with a standard bank account you may run into additional charges with a UK multi-currency account.

You could be charged for a number of actions including; making withdrawals, account opening and closure fees, transfer fees, and more.

The frequency or amount of these charges will often vary and if you ask your banking agency they will usually be able to tell you exactly how much you will be charged and which services you will be charged for before you open your account.

Alternative Options to Consider Before Opening a UK Multi-Currency Account

There are many alternatives to opening a UK multi-currency account. For example, there are also money transfer services and online electronic wallets such as Payset that allow you to send your money in over 34 currencies without the need for a UK multi-currency account. You can start sending money across the globe or in person today using your existing bank account.

Frequently asked questions

What is a UK multi-currency account/IBAN?

Are there limits to the amount of money I can send and receive with a UK multi currency account?

Which currencies can I send and receive in my UK multi currency account?

How do I add money to my UK multi currency account?

Types of UK Multi-Currency Accounts

Multi-currency IBAN accounts
Personal multi-currency accounts
Multi-currency accounts for business
Multi-currency cash passports
Multi-currency wallets

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