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Bankoro

Bankoro (BANKORO LTD) is a UK electronic money institution authorised by the FCA (FRN 900900). It offers online business accounts with British IBANs and multi-currency wallets with FX. Its Banking-as-a-Service offering gives fintechs individual IBANs, digital account opening, and ledger and sub-accounting tools. Since June 2025 it only takes on clients with more than £2 million in annual turnover and/or relationship balance.

Fees from
Account opening fee: individual, typically from £300 for CAT 1 jurisdictions; Monthly fees: individual, typically from £100/month for CAT 1 jurisdictions; Foreign exchange (FX) charges: individual, typically from 0.18%; Outgoing payment charges: individual, typically from £2 and 0.2%; Incoming payment charges: individual, typically from £1 and 0.1%; Account closure fee: 3x monthly fee; Non-compliance with customer profile: individual, typically up to 12x monthly fee; Special requests: individual, typically from £100
Settlement
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Coverage
39 countries
Payment methods
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Dev tools
Sandbox Webhooks

Fees shown are indicative, not a binding quote — always verify with Bankoro before signing. Visit Website is an external link; we may earn a commission.

Bankoro overview

Best for

Fintechs that want to build account-based products, and businesses with international activity or foreign owners and directors that need a UK multi-currency account and meet the £2 million turnover or balance minimum.

Bankoro pricing & fees

Pricing structure

Pricing
Account opening fee: individual, typically from £300 for CAT 1 jurisdictions; Monthly fees: individual, typically from £100/month for CAT 1 jurisdictions; Foreign exchange (FX) charges: individual, typically from 0.18%; Outgoing payment charges: individual, typically from £2 and 0.2%; Incoming payment charges: individual, typically from £1 and 0.1%; Account closure fee: 3x monthly fee; Non-compliance with customer profile: individual, typically up to 12x monthly fee; Special requests: individual, typically from £100
Your business must be registered in
Not disclosed

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Bankoro settlement & payouts

Payouts

Settlement time
Not collected yet
Settlement currencies
Not collected yet

We haven't collected settlement details for Bankoro yet. Confirm payout timing and currencies directly with Bankoro before signing.

Bankoro API & integration

API Profile

Sandbox
Not listed
Webhooks
Not listed

Bankoro coverage & payment methods

Supported countries

39 countries
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Bankoro licensing & compliance

Legal & Compliance

Licensed entity · regulatorily responsible

BANKORO LTD

United Kingdom

Licenses

E-Money Institution GB

FCA E-Money Institution (UK)

Financial Conduct Authority (UK)

License numbers & register records

1 license number · 1 register record on file for Bankoro, with status history and links to verify each one at the regulator — free with a PaymentProviders account.

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Using ChatGPT or Claude? Ask it to prepare your application to Bankoro. It can fill in your business profile for you, and you review and sign it here — nothing is sent before that. How assistants do it

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