Corporate Accounts

Named IBANs for businesses
other banks won't touch.

UK, EU, and US corporate accounts issued in your entity's legal name — not pooled e-money. Accepted: iGaming operators, crypto exchanges, FX brokers, offshore holding structures. EDD onboarding. 145+ currencies.

Apply for an Account Named vs Pooled
✓ Named IBAN — your entity ✓ Offshore structures accepted ✓ 48-hour account opening ✓ EDD — iGaming & crypto
CCYFX Pay Inc — Corporate Account
🇬🇧
Account Name
Your Company Ltd
IBAN
GB29 NWBK 6016 1331 9268 19
BIC / SWIFT
NWBKGB2L
Sort Code
60-16-13
ACTIVE
GBP (UK)
EUR (EU)
USD (US)
3
IBAN regions
UK · EU · US — offshore entities accepted via EDD
145+
Currency pairs
GBP · EUR · USD and 142+ more for conversion & transfers
48 hrs
Account opening
Application to live IBAN issued
99.97%
Uptime SLA
SEPA, SWIFT, Fedwire, CHAPS, Bacs
The Core Difference

Named accounts. Not pooled e-money. And yes — offshore structures accepted.

Industry-standard EMI accounts pool your funds under the provider's name with a reference code — and most providers won't touch offshore-registered entities, iGaming operators, or crypto companies at all. CCYFX does both: every account is a dedicated named IBAN with your entity's legal name, and we accept offshore-registered companies (BVI, Cayman, Malta, Gibraltar, Seychelles, Isle of Man) through our Enhanced Due Diligence (EDD) process. Premium fees apply — because the compliance work is real and the risk management is rigorous.

✕ Pooled EMI / Neobank Account
Shared IBAN, provider's name
The industry norm — but creates significant regulatory, reconciliation, and counterparty risk for institutional clients.
Account name on bank statementProvider's name + reference
IBAN uniquenessShared with thousands of clients
SWIFT / MT103 accessBlocked or severely limited
Fund segregationCommingled in provider pool
Counterparty verificationFails — name mismatch
Bank confirmation letterNot available
MT940 / ISO 20022 statementsNot available
Regulatory safeguarding statusVariable — often inadequate
✓ CCYFX Named Account
Dedicated IBAN, your entity's name
Your legal entity name appears on the account. Unique IBAN. Direct settlement. No commingling. CASS-compliant ring-fencing via Barclays and Deutsche Bank.
Account name on bank statementYour company's legal name
IBAN uniquenessUnique to your entity
SWIFT / MT103 accessFull MT & ISO 20022 MX
Fund segregationIndividual segregated account
Counterparty verificationName matches — passes AML checks
Bank confirmation letterIssued in 48 hours on letterhead
MT940 / ISO 20022 statementsDaily automated delivery
Regulatory safeguarding statusSegregated & ring-fenced
Payment Rail Details

Full jurisdiction and rail reference

Every jurisdiction shows the IBAN format, supported payment rails, BIC/routing reference, and minimum balance requirements.

Jurisdiction Currency IBAN Format Payment Rails Routing Reference Min Balance
United Kingdom GBP GBxx XXXX XXXX XXXX XXXX XX Faster PaymentsCHAPSBacsSWIFT Sort Code + Account No. £0
European Union EUR GB / LT / LV IBAN formats SEPASEPA InstantTARGET2SWIFT BIC (BIC11) €0
United States USD Routing + Account No. ACHFedwireSWIFT ABA Routing Number $0
Hold and convert 145+ currencies. Send and receive in any major currency worldwide. Payouts to 180+ countries via SWIFT, SEPA, ACH, Faster Payments, and local rails.
Infrastructure

Tier-1 banking capabilities. None of the friction.

Multi-currency balances
Hold GBP, EUR, USD, HKD, SGD, AED, CHF, and JPY in dedicated named accounts. Convert at interbank rates and move money between accounts in real time. 30+ currency pairs available.
Live
GBP
£48,234
+£3,200 today
EUR
€92,100
-€1,400 today
USD
$214K
+$12,000 today
HKD
HK$380K
No change
⚡
Settlement Speed by Rail
T+0 settlement available for SEPA Instant and Faster Payments. SWIFT MT103 settles T+1 or T+2 depending on correspondent chain. CHAPS settles same-day within UK banking hours.
SEPA Instant<10 seconds
Faster Payments (UK)<2 hours
CHAPS (UK same-day)Same day
SWIFT MT103T+1 / T+2
Fedwire (USD)Same day (T+0)
Full SWIFT Access
Send and receive SWIFT MT & ISO 20022 MX messages. Used by correspondent banks, institutional investors, and central bank networks. No SWIFT access restrictions that affect pooled accounts.
Bank Confirmation Letters
Signed and stamped on official CCYFX letterhead within 48 hours. Required for exchange licensing, gaming operator applications, institutional onboarding, and mortgage/lease applications.
MT940 & ISO 20022 Statements
Daily MT940 exports, ISO 20022 camt.053, PDF statements, and CSV downloads. Compatible with SAP, Oracle Financials, QuickBooks, Xero, and all major ERP stacks.
Account Opening Process

Application to live IBAN in 3–10 business days

Standard onboarding completes in 3 business days. Offshore-registered entities and high-risk industry clients (iGaming, crypto exchanges, FX brokers) undergo Enhanced Due Diligence (EDD) — typically 5–10 business days. All KYC and EDD requirements are disclosed upfront with no surprises.

01
Submit Application & KYC Documents
Complete the online application and upload required documents: certified passport or government-issued ID (all beneficial owners with 25%+ equity), certified proof of address (dated within 3 months), certificate of incorporation, memorandum & articles of association, board resolution authorising the account, and a source of funds declaration. Corporate structures with multiple layers require full ownership charts.
✓ Same-day application review
02
Compliance Assessment
Our compliance team conducts a full KYB (Know Your Business) assessment: PEP and sanctions screening (World-Check), adverse media review, business activity verification, and jurisdiction risk assessment. Enhanced Due Diligence (EDD) applies for offshore-registered entities, iGaming operators, crypto exchanges, FX brokers, adult entertainment, CBD/nutraceuticals, and other high-risk industries. We confirm our decision in writing with a specific rationale if declined.
✓ Typically 24–48 hours
03
Account Live — IBAN Issued
Upon approval, your named IBAN is issued and the account is activated within one business day. You receive your unique IBAN and BIC in writing, access credentials to the CCYFX portal, and optional API keys for integration. Bank confirmation letter available for issue within 48 hours of activation upon request.
✓ IBAN issued within 3 business days total
Compliance & Safeguarding

Segregated safeguarding. Dedicated compliance for high-risk clients.

All client funds are held in segregated accounts with tier-1 banking partners. Our dedicated compliance team specialises in high-risk client onboarding — meaning iGaming operators, crypto exchanges, and offshore structures receive the same service certainty as any other client, without the debanking risk that comes with mainstream neobank providers.

Barclays — UK Safeguarding
GBP client funds held in segregated accounts at Barclays Bank PLC, fully ring-fenced from CCYFX operating capital. Barclays is a tier-1 UK clearing bank with direct participation in Faster Payments, CHAPS, and Bacs.
Deutsche Bank — EU & Global
EUR and international currency client funds held in segregated accounts at Deutsche Bank AG. Deutsche Bank provides direct SEPA, TARGET2, and SWIFT access as a Tier-1 global correspondent bank in 62 countries.
DBS Bank — Asia-Pacific
HKD, SGD, and Asia-Pacific currency client funds held with DBS Bank Ltd, Singapore's largest bank by assets. DBS provides direct access to FAST, GIRO, CHATS, and regional real-time payment networks.
KYC/AML Standard
FATF Recommendations · JMLSG Guidance · AML/CTF policies reviewed annually · FINTRAC compliant
Regulatory Status
Hong Kong incorporated · PCI DSS Level 1 · ISO 27001 certified
Account Monitoring
Automated transaction monitoring · Periodic KYC refresh (12–24 months) · SAR filing obligations met
Fee Schedule

Premium fees. No hidden markups. No debanking risk.

CCYFX charges premium fees because we specialise in clients others decline and do the compliance work properly. All fees disclosed upfront — no percentage markups hidden in the exchange rate. Offshore entities and high-risk industry clients pay a higher monthly maintenance fee reflecting the EDD cost.

Fee Type Amount Notes
Monthly account maintenance (GBP) £75 – £150 Per currency account. Volume discounts available above £500K/month throughput.
Monthly account maintenance (EUR/USD/other) €75 – €150 Equivalent rate applied in account currency. Multi-account pricing available.
Incoming SWIFT (MT103) Free No receiving fee on any inbound payment, regardless of amount or currency.
Incoming SEPA / Faster Payments Free All domestic rail inbound payments received free of charge.
Outgoing SWIFT (standard, T+2) £12 Flat fee per payment. Correspondent bank charges may apply for exotic corridors.
Outgoing SWIFT (priority, T+0/T+1) £25 Priority routing via CCYFX's direct correspondent chain. Available for G10 pairs.
SEPA Credit Transfer (SCT) £0.50 Per payment. No batch processing surcharge.
SEPA Instant (SCT Inst.) £1.20 Per payment, any amount, 24/7 including weekends and bank holidays.
Faster Payments (UK) £0.25 Per payment up to £1,000,000. CHAPS available for same-day above this threshold.
CHAPS (UK same-day) £20 Same-day settlement within UK banking hours (cut-off 15:30 GMT).
Bank confirmation letter £150 Signed and stamped on official letterhead. Issued within 48 hours of request.
Account setup fee £0 No setup or onboarding fee. Monthly maintenance begins from account activation.
FX conversion on account transfers is charged separately at the prevailing CCYFX spread (1.5% standard rate; custom pricing below 1.5% available for higher volumes). All fees shown inclusive of VAT where applicable. Fees are subject to change with 30 days' written notice.
Key Metrics

Infrastructure performance

Incoming SWIFT
Free
No receiving fee, ever
Outgoing SWIFT (std)
£12
Flat fee, any amount
SEPA Instant
£1.20
Per payment, 24/7
Platform Uptime SLA
99.97%
Measured 12-month rolling
Client Outcomes

High-risk and offshore clients who found a banking solution

★★★★★
"We had seven IBANs closed in 18 months. CCYFX gave us dedicated GBP and EUR named accounts with full SWIFT access in 3 days. Our legal name on the account — not a reference code. No pooled nonsense. Our correspondent banks accepted them immediately."
Marcus T.
CFO, BVI Holding Company
★★★★★
"Our exchange licence renewal required a bank confirmation letter showing named accounts held in our entity's name. CCYFX issued it in 36 hours on letterhead. Every other provider said they couldn't provide that. It was a blocking issue and CCYFX resolved it."
Anaya R.
Operations Director, Crypto Exchange
★★★★★
"The MT940 daily feeds integrate directly into our fund accounting system. The accounts are genuinely in our fund's name — counterparties receive our name when they look up the BIC. That's what institutional infrastructure looks like."
James W.
Treasurer, Cayman Investment SPV
Frequently Asked Questions

Technical and compliance questions answered

What documents are required to open a Corporate Account?+
For corporate entities: certified copy of passport for all beneficial owners holding 25%+ equity, certified proof of address for all directors (utility bill or bank statement dated within 3 months), certificate of incorporation, memorandum & articles of association, board resolution authorising the account, source of funds declaration, and a business plan or description of commercial activity. For regulated-industry clients (gaming, crypto, financial services), additional documentation applies — contact sales for a tailored checklist. Trust and fund structures require full ownership charts and constitutional documents.
What is the difference between a named account and a pooled account?+
A named account means your entity's legal name appears on the account at the custodian bank — counterparties sending you funds see your name, not a provider's name plus a reference code. You have a unique IBAN and BIC assigned exclusively to your entity. Your funds are individually segregated and ring-fenced from CCYFX's operating capital, not commingled in a provider's omnibus account. This is critical for correspondent banking relationships, AML name-match verification, exchange licensing, and audit credibility. Most neobanks and pooled account providers operate shared IBANs — this is the industry norm — but it creates significant problems for institutional clients.
How are client funds safeguarded?+
Client funds held in named accounts are held in segregated accounts at tier-1 banking partners — Barclays Bank PLC (GBP), Deutsche Bank AG (EUR and international currencies), and DBS Bank Ltd (Asia-Pacific currencies). These accounts are ring-fenced from CCYFX's own operating capital. In the event of CCYFX insolvency, client funds are protected and cannot be used to satisfy CCYFX creditors. CCYFX Pay Inc is registered as a Money Services Business in British Columbia, Canada.
What are the SEPA and SWIFT cut-off times?+
SEPA Instant (SCT Inst.) payments can be sent and received 24/7 with no cut-off — settlement occurs within 10 seconds. Standard SEPA Credit Transfers (SCT) must be submitted before 14:00 CET for same-day interbank settlement; submissions after this time settle the following business day. SWIFT outgoing cut-offs depend on the currency and corridor: GBP CHAPS cut-off is 15:30 GMT; USD Fedwire closes at 18:00 ET; EUR TARGET2 closes at 18:00 CET. All cut-off times are displayed in the CCYFX portal at time of payment initiation.
Can multiple currencies share one IBAN?+
No. Each currency requires a separate, dedicated IBAN. This is a fundamental property of the banking infrastructure — IBANs are currency-specific. However, all of your currency accounts are accessible under a single CCYFX login, with a unified dashboard, consolidated reporting, and the ability to convert between them at institutional rates. Multi-currency account bundles are available with discounted monthly fees — contact sales for bundle pricing.
Can I integrate my Corporate Accounts via API?+
Yes. CCYFX provides a full REST API for account management, balance queries, payment initiation (SEPA, SWIFT, and domestic rails), and MT940/camt.053 statement retrieval. Webhooks are available for real-time payment notifications. FIX Protocol 4.4 connectivity is available for institutional FX and bulk payment clients. SDKs are available in Python, JavaScript (Node.js), and Java. Full API documentation is available at developers.ccyfx.com.
What happens on account closure?+
Account closure requires 30 days' written notice. Upon closure notice, no new inbound payments are accepted after day 14 (you are responsible for notifying counterparties). All remaining balances are returned to the nominated bank account (in the same entity name) within 5 business days of the closure date. A final account statement and complete transaction history are provided in MT940 and PDF format. CCYFX retains transaction records for 7 years as required by AML regulations — these are available to you on request throughout the retention period.
Which jurisdictions require enhanced due diligence?+
CCYFX applies enhanced due diligence (EDD) for clients incorporated in or operating from FATF grey-listed jurisdictions, FATF blacklisted countries, or jurisdictions on the EU high-risk third-country list. EDD also applies for clients in regulated industries (gaming, cryptocurrency exchanges, financial services, money transmission) regardless of jurisdiction. EDD requires additional source of funds documentation, detailed business activity verification, and senior management approval. Account opening timelines for EDD clients extend to 5–10 business days. A full list of jurisdictions requiring EDD is available from our compliance team.
Get Started

We bank where others won't.

Offshore structures, iGaming operators, crypto exchanges, FX brokers — if a high-street bank has declined you, talk to us. Application takes 15 minutes. EDD clients onboarded in 5–10 business days. No setup fee.

No setup fee · Named accounts · Offshore structures accepted · EDD onboarding · Segregated client funds