Send Money International — Pricing to Open Bank Account

We help entrepreneurs open bank accounts in the UK and EU.

Go through the process at your own pace knowing our experts are always there for guidance and support.

Who we are

We're Open.

And we know all the ins and outs of working with banking partners. Our team of experts can help you avoid all red-flag mistakes and make sure you have a bank account open in a blink.

If you're a business looking to open your first account in Europe, or you had an account closed down, we're here to get you banking in no time.

Here's what you can expect

A premium service, a well-chosen selection of pre-approved banks and EMIs for your specific business case, and making sure you pass all the necessary compliance requirements.

How we calculate the price

The price we charge depends on the difficulty of your case and the bank fees.

At Open, we charge nothing at the start until you get pre-approved by a bank. Once you receive an offer, we'll charge 50% and then the other half upon completion.

A ballpark figure is €1,000 to €5,000 per account – which is 2-10x lower than the market price for similar services.

Estonia

For example, to open a bank account in Estonia it may generally cost up to 500€.
If you're opening an account in SEB Bank, for example, it would be 100€ for EU citizens and up to 400€ for non-EU citizens. For LHV Bank, the cost of opening a business bank account would be up to 500€. Be sure that you also take note of what other fees may be required such as monthly account fees, ATM fees and international transfer fees.

The UK

In the UK business bank accounts will typically charge annual fees ranging between £60 and £150. Generally, the more transactions made in and out of an account, the higher you should expect transaction charges to be (even if they're automated through newer bank models). Many UK banks come with an introductory offer (such as free business banking for a year with HSBC or Barclays).

Let's compare pricing in some banks we work with.

This is a ballpark figure for a standard corporate bank account opening with Open. The final quote will depend on the difficulty of your case and the bank's terms.