WEAVEPAY

Opening an account in the WeavePay payment system (UK)

Cost for the private persons from 0€

Cost for the legal entities from 500€

Opening Term: 3-5 weeks

Remotely: yes

WeavePay is a modern UK payment system that offers fast and reliable opening of a corporate multi-currency account with access to SWIFT, SEPA, and direct IBAN details. The platform is aimed at companies that work with international payments, need stable currency services and want to avoid the strict requirements of traditional UK and EU banks.

Key benefits of opening an account with the UK payment system WeavePay

  1. Multi-currency account (GBP, EUR, USD, HUF, AED +30 currencies)
  2. Direct IBAN details for international payments
  3. Support for SWIFT, SEPA and local systems
  4. Corporate VISA cards (physical and virtual)
  5. Favorable conversion rates, high-value FX
  6. Fully remote account opening
  7. Service of real managers (no chatbots)

Usable information

  • WeavePay serves: export/import, IT, marketing, e-commerce, manufacturing, consulting, sports, real estate, agro, education, healthcare, energy.
  • Supports customers from Ukraine, provided that the director/UBO has a residence permit or a second passport.
  • Does not work with: adult, CBD, weapons, offshore companies, sanctioned jurisdictions, FATF high-risk.

WeavePay is a direct member of SWIFT (BIC: WEAVGB2L), so all international payments are made quickly and without intermediaries. Individual tariffs and personalized solutions are available for high turnovers.

Maira Consult fully supports the process of opening an account - from the initial business analysis to the successful completion of KYC/AML and obtaining a multi-currency IBAN.

WEAVEPAY advantages

1

GBP, EUR, USD, HUF, AED and more than 30 currencies for international payments

2

Direct IBAN details

3

Physical and virtual cards for business with the possibility of limits, expense control

4

Fully online: onboarding, verification, KYC and account launch without a visit to the UK

General Information

Types of accounts

Corporate multi-currency account. Administrative accounts (for iGaming, Betting, Sport). Operational accounts for businesses in the EU, the UK, and other jurisdictions.

Personal visit

Not required. The entire process of opening an account is carried out remotely.

Service rates

Rates depend on: business model; the volume of transactions; the riskiness of the activity; the number of currencies and transactions. Individual rates are available for clients with a large turnover (after 2-3 months of operation). Standard tariffs: account maintenance, conversion, SWIFT/SEPA, card issuance - are provided after pre-check.

Useful information

The website of the payment system is www.weavepay.io.

Stages of account opening

01

Preparation of documents

We collect corporate documents, contracts, statements, financial statements, UBO resumes, and personal bank statements. We create a business profile for WeavePay (description of activities, geography of payments, turnover).

02

Analysis of documents

Maira Consult lawyers conduct preliminary AML/KYC screening and assess risks. At this stage, we determine the chances of successful account opening.

03

Submission of documents

After pre-check, we submit the application form and the full package through the secure WeavePay channel.

04

Passing verification

The director/UBO passes online identification. The company confirms its activities, partners, payments, and ownership structure.

05

Compliance Check

The WeavePay team conducts the final due diligence: AML, sanctions lists, financial statements, partners, reputation, and sources of funds. There may be additional requests.

06

Account opening

After opening an account with WeavePay, the client receives: multi-currency IBAN; access to SWIFT/SEPA; corporate VISA cards; online banking with FX and OTC operations.

Answers to the Most Common Questions:

Yes, WeavePay opens corporate accounts for companies with Ukrainian owners, but the prerequisite is that the director or UBO must have a residence permit or a second passport outside of Ukraine. This is due to the security policy and KYC/AML requirements of the payment system. Opening an account with WeavePay is completely remote, including the submission of documents, verification, and compliance checks. Everything is done online, which is especially convenient for foreign companies and businesses from Ukraine.
On average, the process of opening a WeavePay account takes 3-4 weeks, depending on the business model, quality of documents, and speed of KYC/AML verification.
Yes, the payment system may refuse to open an account if the company operates in prohibited or high-risk industries (adult, CBD, offshore, sanctioned jurisdictions); the business has an increased AML risk; documents or ownership structure do not meet the requirements; an incomplete or weak KYC/AML package has been submitted. Maira Consult conducts a preliminary audit and helps to avoid typical reasons for refusal.

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

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International Law Company Maira Consult