EMERALD24

Opening an account in the EMERALD24 payment system (United Kingdom)

Cost for the private persons from 400€

Cost for the legal entities from 500€

Opening Term: 10 working days

Remotely: yes

EMERALD24 payment system is a UK-licensed financial services provider. Due to the fact that EMERALD24 has its own SWIFT, as well as a local sort code in the UK, its customers can work through an individual British IBAN (GB).

The EMERALD24 payment platform offers a wide range of services for individuals and legal entities:

  • Opening accounts for small and medium-sized businesses.

  • Opening personal accounts.

  • Individual British IBAN (GB).

  • Payments via SEPA, TARGET2, SWIFT.

  • Personal manager for each client.

  • Account management via Internet banking with the possibility of authorization via SMS and QR code.

  • EMERALD24 - remote account opening in England.

  • Opening an account to receive payments from ABLV.

In the British payment system EMERALD24 it is possible to open merchant accounts and e-commerce accounts. Open an account in EMERALD24 is possible without a personal visit to the UK.

EMERALD24 payment system adheres to the principle of "know your customer" and in each case reserves the right to request additional documents, which will entail an increase in the time for opening an account, and may also refuse to open an account without explaining the reasons.

Maira Consult specialists know how to open an account with EMERALD24, please contact us.

EMERALD24 advantages

1

Multi-currency accounts

2

Individual British IBAN

3

Personal manager

4

Payments via SEPA, TARGET2, SWIFT

5

Remote account opening

General Information

Types of accounts

Multicurrency personal and corporate accounts.

Personal visit

No personal visit required, online account opening procedure.

Service rates

Cost of opening an account: for companies registered in the EU (with a beneficiary from the EU) - 200 EUR; for companies registered in the EU (with a non-EU beneficiary) - 500 EUR; for European partnerships or companies with a complex ownership structure - 1000 EUR; for individuals (EU passport or residence permit) - 10 EUR; for other individuals - 100 EUR.

Account maintenance: for legal entities - from 25 to 100 EUR per month; for individuals - from 5 to 25 EUR per month. Incoming payments for individuals and legal entities are free of charge.

Useful information

Website of the Emerald24 payment system www.emerald24.co.uk

Stages of account opening

01

Preparation of documents

To open an account in Emerald24 you fill out our questionnaire and provide us with full information about your activities and counterparties. Along with the questionnaire, you must provide corporate documents of the company and personal identification documents of the director and beneficiary or individual (for a personal account).

02

Analysis of documents

Our specialists analyze the information and documents provided and fill out the questionnaires of the Emerald24 payment system.

03

Submission of documents

We send the ready-made package of documents for opening an account to the Emerald24 manager for review.

04

Passing verification

The director and beneficiary of the company or individual (for a personal account) undergo online verification. An online call with the manager is held on an individual basis.

05

Compliance Check

At this stage, Emerald24 checks the client and may request additional information about the activity and source of funds.

06

Account opening

After opening an account in Emerald24 payment system the manager sends the details to the client to start working with the account.

Answers to the Most Common Questions:

You can open an account with Emerald24 remotely. You will need the company’s documents, details of the director and beneficial owner, a description of the business, and details of its counterparties. Maira Consult prepares the application pack, submits it to the account manager and oversees the compliance process until a UK IBAN is issued.
Emerald24 (Emerald Financial Group (UK) Ltd) is a UK payment service provider with an EMI licence from the FCA (No. 900908). It has been operating since 2019 and has a branch in Dubai regulated by the DFSA. We open accounts with Emerald24 for companies from the EU, the UK, the UAE, Hong Kong and the CIS.
Emerald24 fees: account opening for an EU company with an EU beneficial owner - 200 EUR; with a non-EU beneficial owner - 500 EUR; complex structure - 1,000 EUR; maintenance fee 25-100 EUR per month; incoming payments free of charge. Maira Consult's services for opening an account with Emerald24 - from 500 EUR.
The standard time taken to open an account with the UK payment system Emerald24 is 7-10 working days after submitting a complete set of documents. If there are compliance enquiries regarding the source of funds, this may take up to 3 weeks. We prepare a comprehensive set of documents in advance to ensure the application is approved first time.
Emerald24 opens multi-currency accounts in EUR, USD, GBP and CNY with a personalised GB IBAN and UK sort code, supporting SEPA, SWIFT and Faster Payments, as well as merchant accounts for e-commerce and corporate cards. We select the account type to suit your payment model.
Emerald24 does not work with partnerships, companies on sanctions lists, or ultra-high-risk activities: gambling, forex, unlicensed cryptocurrency, and adult content. If your application is rejected, Maira Consult will find an alternative - Payset, 3S Money or Nebeus for cryptocurrency businesses.
For companies: incorporation documents, ownership structure down to the beneficial owner, passports and proof of address for the director and owners, a description of the business activities, contracts and invoices. For individuals: a passport and proof of address. An apostille is not required; everything is submitted online.
Yes. Emerald24 is a viable option for non-residents: priority is given to companies from the EU/EEA, the UK, Switzerland, the UAE, Hong Kong and the CIS, including structures with indirect ownership. For such clients, the account opening fee is higher, and we will agree the terms with your account manager in advance.
Emerald24 is not a bank but an EMI: client funds are held in separate safeguarding accounts and are not commingled with the company’s funds, but they are not covered by the UK’s FSCS scheme. We explain these differences and help you choose between a payment system and a bank.
A refusal is usually due to an incomplete application, an unclear business description or a complex partnership structure. The application fee is non-refundable in the event of a refusal, which is why Maira Consult checks the company’s compliance with Emerald24’s requirements before submission and identifies an alternative option.

Other payment systems in this region

TitleCost from (EUR)
WISE600
MULTIPASS500
SENDS500
BILDER600
TRANSFERRA500
WEAVEPAY500
OMEGA600
3S MONEY500
PAYALLY600
REVOLUT500
MONEVIUM600
PAYSET500
Amaiz500
CONNECTUM500

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

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International Law Company Maira Consult