EQUALS Money Review Summary
Founded	2017
Registered Country/Region	United Kingdom
Regulation	FCA (Suspicious Clone)
Products & Services	Multi-currency accounts, business cards, payments (FX & domestic), Banking-as-a-Service, API integration
Customer Support	Tel:+44 (0)20 3196 2187
Customer Support	Email: contact@equalsconnect.com

EQUALS 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 Cons

Pros	Cons
Broad support for cards and payment services	Suspicious cloned licence
Multi-currency support and API access	No trading platform or demo account offered
Custom pricing for enterprise users	Cash withdrawal and international delivery fees may apply

Is 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 Status	Suspicious Clone
Regulated by	FCA
Licensed Institution	Equals Connect Limited
License Type	Payment License
License Number	671508

Products 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 & Services		Supported
Accounts	Spend management software	✔
	Multi-currency account	✔
	Business current account	✔
	Start up business account	✔
	Xero integration	✔
	SAPConcur integration	✔
Cards	Prepaid expense cards	✔
	Business debit cards	✔
	Corporate cards	✔
	Purchasing cards	✔
	Credit card alternative	✔
	Fuel card solution	✔
	Virtual cards	✔
Payments	International payments	✔
	Domestic transfers	✔
	Forward contracts	✔
	Bulk payments (coming soon)	✔ (soon)
Infrastructure	Banking-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.

Tier	Business Tier	Business Plus Tier	Enterprise Tier
Annual Fee	£250/year (or £300/mo)	£350/year (or £420/mo)	Custom
Physical Card Issuance Fee	£10 (one-off)
Virtual Cards Allowance	Up to 200 free
Cash Withdrawal (UK & Abroad)	£1.50
Card to Card Transfer	0
Lost/Stolen Card Replacement
Card Transactions (21 currencies)
Out-of-currency Transactions	1.5% fee		Custom
Expedited UK Card Delivery	£20/address		0
International Card Delivery	Varies by country

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