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EQUALS Money Review SummaryFounded2017Registered Country/RegionUnited KingdomRegulationFCA (Suspicious Clone)Products & ServicesMulti-currency accounts, business cards, payments (FX & domestic), Banking-as-a-Service, API integrationCustomer SupportTel:+44 (0)20 3196 2187Email: contact@equalsconnect.comEQUALS Money Information EQUALS Money, which is situated in the UK and started in 2017, offers financial services such as corporate multi-currency accounts, card issuance, and FX payments. The UK FCA has called it a suspect copy of Equals Connect Limited, which indicates it is not a real or regulated business, even though it says it has a legal license.Pros and ConsProsConsBroad support for cards and payment servicesSuspicious cloned licenceMulti-currency support and API accessNo trading platform or demo account offeredCustom pricing for enterprise usersCash withdrawal and international delivery fees may applyIs EQUALS Money Legit? No, EQUALS Money is unregulated. The Financial Conduct Authority (FCA) in the United Kingdom has classed the entity as a “Suspicious Clone”. The company claims to be regulated by a valid FCA license, although the licensed entity named on that license is Equals Connect Limited, not EQUALS Money.Regulatory StatusSuspicious CloneRegulated byFCALicensed InstitutionEquals Connect LimitedLicense TypePayment LicenseLicense Number671508Products and Services The company provides a full range of financial services and infrastructure tools, including multi-currency business accounts, corporate card solutions, and payment tools such as foreign transfers and forward contracts. It also enables integration and offers infrastructure services such as API access and Banking-as-a-Service.Products & ServicesSupportedAccountsSpend management software✔Multi-currency account✔Business current account✔Start up business account✔Xero integration✔SAPConcur integration✔CardsPrepaid expense cards✔Business debit cards✔Corporate cards✔Purchasing cards✔Credit card alternative✔Fuel card solution✔Virtual cards✔PaymentsInternational payments✔Domestic transfers✔Forward contracts✔Bulk payments (coming soon)✔ (soon)InfrastructureBanking-as–a-service✔API✔Card issuing✔EQUALS Money Fees Compared to other companies in the same field, EQUALS Money's fees are usually fair and clear, especially when it comes to using cards and supporting many currencies. The platform is particularly cost-effective for enterprises that deal with more than one user and currency, but there may be costs for cash withdrawals and occasional deliveries.TierBusiness TierBusiness Plus TierEnterprise TierAnnual Fee£250/year (or £300/mo)£350/year (or £420/mo)CustomPhysical Card Issuance Fee£10 (one-off)Virtual Cards AllowanceUp to 200 freeCash Withdrawal (UK & Abroad)£1.50Card to Card Transfer0Lost/Stolen Card ReplacementCard Transactions (21 currencies)Out-of-currency Transactions1.5% feeCustomExpedited UK Card Delivery£20/address0International Card DeliveryVaries by country