Fair Everywhere – business banking analysis and reviews

Last updated on 29 August 2023

Fair Everywhere operate a business model based on international trade. This challenger bank gives access to a current account that allows transactions in £, $, and €, enabling you to hold a balance in any of these currencies simultaneously.

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There is a price to pay for convenience though, and a Fair Everywhere account is among the costliest out there. It’s hard to argue that this provider offers great value for money when the restrictions of the service, which does not offer overdrafts or lending streams or additional products.

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Fair Everywhere business banking services

Pros and cons of Fair Everywhere for business services

Pros of Fair EverywhereCons of Fair Everywhere
Trade in £, $ or € in the same account £55 account application fee
Rapid application process £12.50 monthly fee plus transaction charges
Deposit cash and cheques at Barclays £100 minimum outgoing transfer
Not FSCS protected
Pros and cons of Fair Everywhere for business banking
Fair Everywhere online banking

Business current accounts

A Fair Everywhere account can hold £, $, and €, making it an option for any SME or sole trader that has significant overseas trade. You will be provided with UK bank account details, an IBAN account number and SWIFT code that enables you to send and receive money in different currencies, and a MasterCard debit card that can be used in 200 different countries.

Fair Everywhere is not a bank, so your funds will not be protected by the FSCS. In addition, this can be an expensive account to run. You will need to pay an upfront application fee of £55 (though in its defence, Fair Everywhere approves most applications within 24 hours) and a £12.50 monthly fee to keep the account open. You will also face the following transaction charges.

Type of transactionFee
Currency conversion fee2.5% of transaction value
Electronic credits to account30p
Standing orders or direct debits30p per payment
Cheques paid into account0.75% of cheque value
UK ATM withdrawals£1.50
Cash withdrawal from a branch of Barclays£5
Fair Everywhere transaction fees

Business overdrafts

Not available through Fair Everywhere. See best business overdrafts.

Business savings accounts

Not available through Fair Everywhere. See best business savings accounts.

Fair Everywhere at a glance

Phone number0808 169 5165
App downloadsiOS; Android
Number of branchesN/A, but cash and cheque transactions can be made at Barlcays
FSCS protected?No

Other business finance products

Fair Everywhere does not offer products outside the multi-currency current account we have discussed. See business loans, asset finance and merchant cash advance.

Fair Everywhere reviews

What are other business banking customers saying about Fair Everywhere?

Review platformScoreNumber of votes
FeefoNot reviewedN/A
Reviews.co.ukNot reviewedN/A
Smart Money PeopleNot reviewedN/A
Which?Not reviewedN/A
Average score2.3/510
Fair Everywhere reviews and ratings

Business eligibility criteria

Fair Everywhere lives up to its name when it comes to eligibility criteria – anybody sole trader or SME owner capable of paying the £55 fee is welcome to apply for an account. However, this provider will reject business models it considers high-risk, including adult services, pharmaceuticals, gaming, and weapons dealing. Your account is also at risk of being closed if Fair Everywhere has reason to believe you are using the service to launder funds illegally.

Business finance alternatives

Given the limitations of a Fair Everywhere account, it may be prudent to explore alternatives like Wise, 3S Money, Airwallex, and Revolut before committing to this service provider.

Additional considerations

Although Fair Everywhere is regulated, it is not a bank. This means you will not be afforded the same protections as you would by a more traditional provider.


Is Fair Everywhere a proper bank?

No, Fair Everywhere is not a bank. It is a financial services organisation providing global payment solutions to businesses and individuals. Fair Everywhere does not offer any banking or deposit services but provides access to fast and cost-efficient international payments for customers around the world. The company offers payment processing in more than 120 countries and works with multiple currencies, making it a convenient option for people and businesses who need to make payments across borders.

How to open a Fair Everywhere business account?

To open a Fair Everywhere business account, you’ll need to provide the following information: Company name and contact details, bank details (IBAN or SWIFT/BIC), payment method (ACH, credit card, etc.) and legal identity documents. Once your account is approved by Fair Everywhere, you can start sending payments around the world quickly and securely.

What fees does Fair Everywhere charge?

Fair Everywhere charges a fee for processing payments, depending on the payment method used. This fee is typically based on the total amount of the transaction, and may include a percentage as well as a flat fee. Fair Everywhere also offers discounted rates for higher volume customers.

What services does Fair Everywhere offer?

Fair Everywhere offers a range of services to help businesses and individuals make payments around the world quickly, securely and cost-effectively. These services include: international payments, payment processing in multiple currencies, global transfers with low fees, bulk payments, virtual accounts for customers worldwide and API integration.

What types of payments does Fair Everywhere accept?

Fair Everywhere accepts payments in a range of currencies, including USD, EUR, GBP and AUD. It also accepts payments from customers around the world through a variety of payment methods, including credit cards, ACH transfers, wire transfers and more. Customers can also send bulk payments in multiple currencies or use virtual accounts to make single payments at once.

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