3S Money

3S Money is a UK electronic money institution (EMI) that offers multi-currency accounts to international businesses. The provider lists business accounts, FX and international payments among its services.

Currencies and services

According to the provider, clients can hold and exchange more than 65 currencies, with USD, EUR and GBP given as examples. A personal account manager is part of the offer. 3S Money also states that it works with business owners from many countries; this describes the geography of owners and is not the same as a list of countries where a company may be registered.

Licensing and legal entity

The operating entity is 3S Money Club Limited, company number 08574246, with its registered office at 45 Folgate Street, London E1 6GL. The provider is authorised by the Financial Conduct Authority (FCA FRN 900918). This status is stated by the provider, and the individual regulator record has not been independently checked.

Safeguarding

Client funds are said to be segregated in safeguarding accounts at partner banks. The service is an EMI rather than a bank, and the FSCS deposit guarantee does not apply to balances held with it.

Who it suits

Companies with cross-border payment flows that need accounts in several currencies and conversion in one place. Tariffs, limits and onboarding requirements are worth clarifying with the provider directly.