Is 3S Money a bank?

3S Money is an Electronic Money Institution (EMI). As an EMI, we can do everything a commercial bank does but better. Our client-first, tech-based approach means we can help any business, anywhere, access the fastest, most innovative, and safest banking solutions.

These include multi-currency business accounts, foreign exchange in 65+ currencies, and cross-border payments in 190+ countries and territories.

How is 3S Money different to a bank?

Electronic Money Institutions are leading a digital payments revolution. They're challenging banks, driving innovation, and making financial services accessible for all.

Here are some of the main advantages that a 3S Money International Business Account has over traditional banks:

We make international payments cheaper

3S Money specialises in making high-value international payments affordable for every business. We work with top-tier banking & technology partners to help you maximise every transfer.

We accept business owners from 190+ countries

We aim to support businesses and owners in as many industries as possible. We apply human logic to onboarding, compliance and KYC procedures, allowing us to work with companies & individuals in high-risk regions that traditional banks might otherwise decline.

We only provide human support

Each 3S Money account is assigned a Client Manager – an international payments expert committed to helping you capitalise on opportunities within your industry. Receive personalised 1:1 assistance to navigate the global payments market on your terms.

We make financial management simple

Simplify your financial management with our Client Portal – your all-in-one digital payments platform. Our easy-to-use system gives you a complete overview of your global cash flow, held currencies and IBAN accounts.

How 3S Money protect your funds

As we're not a traditional bank, we don't have the issues caused by legacy infrastructure and bureaucracy. For example, banks must join the UK’s Financial Services Compensation Scheme.

As banks loan out customers' money, the bank could become insolvent if too many borrowers default on their loans. If this happens, the FSCS is legally required to compensate eligible customers.

As an EMI and not a bank, we’re not required to join the FSCS scheme. However, as we don’t loan out client funds, we retain 100% liquidity. This means that in the unlikely case anything was to happen to us, we could instantly release customer funds.

How do we do this? We keep our operational funds separate from our client funds in top-tier correspondent banks around Europe, including:

Does 3S Money have a banking licence?

We don't have a banking licence, but three leading authorities globally regulate us:

This means we have a regulatory obligation to operate compliantly and legally. It also motivates businesses to offer their customers the best possible service.

Open a 3S Money International Business Account

Choosing 3S Money over traditional banks isn't just a financial decision; it's a choice for flexibility, convenience, and a more personalised payment approach. 3S Money is more than just a banking alternative; it's a place for those individuals looking for a partner to support them on their business journey. 

Opening an account with 3S Money couldn’t be easier - all we need is a few details about you, your business, and your international payment needs.

Simply complete our quick application form, and our team will take care of the rest.

If you're not ready to apply, speak to our friendly team to learn more.

Last updated: 11/04/24

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© 3S Money Club Limited 2019-2024. All rights reserved. 3S Money and are trading names of 3S Money Club Limited. 3S Money Club Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for issuing of electronic money and the provision of payment services with FCA registration number 900918. 3S Money Club Limited is registered in England and Wales, Company Number 8574246, with its registered office address at 45 Folgate Street, London, E1 6GL, United Kingdom. 3S Money Club Limited is registered with The United Kingdom Information Commissioner's Office with ICO registration number ZA495485. 3S Money Club Limited (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA) with DFSA reference number F007004, authorising it under Article 48 of the Regulatory Law 2004 to carry on the Financial Services comprised in Issuing Payment Instruments and Providing or Operating a Payment Account. 3S Money Club Limited (DIFC Branch) is registered in Dubai International Financial Centre, Licence Number CL5587, with its registered office address at Central Park Towers, office 20-54, DIFC, Dubai, UAE. 3S Money (Luxembourg) S.A. is authorised by the Commission de Surveillance du Secteur Financier (CSSF) under the law of 10 November 2009 on payment services for issuing, distribution and refund of electronic money with CSSF registration number W00000016. 3S Money (Luxembourg) S.A. is registered in Luxembourg, R.C.S number B245715, with its registered office address at 25C, Boulevard Royal, L- 2449, Luxembourg, Grand Duchy of Luxembourg