Bank Index

First Rate Exchange Services Ltd

E-money or payment institution · DATCHET, United Kingdom · overall 4.8 / 10

Open in Bank Index

How this 4.8 is built

Average of 10 scored needs: 4.8. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. Scores set by its kind of institution.

FIRST RATE EXCHANGE SERVICES LIMITED is recorded in the global register as an e-money or payment institution in DATCHET, United Kingdom. The register names Financial Conduct Authority as its regulator and shows the licence as registered. Established 2001. Collected from open registers. We have not checked this company by hand yet.

On its own website: “Did you know… 1 in 4 outbound travellers leaving the UK with foreign currency are supplied by First Rate? No? Neither did they… Discover Our Products We provide. You sell. You profit. Foreign Currency With First Rate, you can offer your customers over 60 types of foreign currency under your own brand, in both digital [”

Legal name
FIRST RATE EXCHANGE SERVICES LIMITED
Regulated by
Financial Conduct Authority
Licence confirmed
yes, on a regulator's own list
Established
2001
LEI
635400S9KA1M35SFNG24
Website
www.firstrate.co.uk/

Scores, 0 to 10

6.0United Kingdom
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Fast digital onboarding
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
6.0Online businesses: e-commerce and SaaS
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Lowest fees
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Fintech companies that need a partner bank
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Startups & VC-backed companies
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Cross-border payments, FX and multi-currency accounts
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Business cards (Visa, Mastercard)
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
4.0Financial strength & stability
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
3.5Trade, manufacturing & import-export
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
2.0Best interest on business balances
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.