Multipass Review
Comprehensive review and analysis of Multipass's digital banking services
Quick Facts
- Founded
- 2016
- Head Office
- United Kingdom
- Active Customers
- 10,000+
- Total Funding
- £25 million
- Employees
- 100+
- App Store Rating
- 4.3/5
Pros & Cons
Pros
- Multi-currency accounts
- Global payments
- Competitive exchange rates
- Business focus
- Payment automation
- API integration
Cons
- Business-only platform
- Higher fees for small volumes
- Complex pricing structure
- Limited retail features
Supported Countries
- United Kingdom
- European Union
Fees
- Account Opening Free
- Monthly Fee From £20/month
- International Transfers From 0.3%
- Currency Exchange Wholesale rates + margin
- Local Transfers Free
Overview
Multipass has specialized in global business banking since 2016. Their platform focuses on providing comprehensive international payment solutions and multi-currency management for businesses operating across borders.
Key Features
Banking Services
- Multi-currency accounts
- Global payments
- Local IBANs
- Payment collection
- FX management
- Mass payments
Business Tools
- Payment automation
- Invoice management
- Expense tracking
- Currency hedging
- Market analysis
- Cash flow forecasting
Integration Features
- API access
- Accounting software
- ERP systems
- Payment platforms
- Custom workflows
- Data exports
Currency Management
- Real-time rates
- Forward contracts
- Currency alerts
- Risk management
- Market insights
- Rate notifications
Security Features
- Bank-grade security
- Two-factor authentication
- Role-based access
- Transaction monitoring
- Fraud prevention
- Compliance tools
Customer Support
- Dedicated manager
- Technical support
- Email assistance
- Help center
- Training resources
- Market guidance
Verdict
Multipass excels in providing comprehensive international banking solutions for businesses. Their multi-currency capabilities and global payment features make them particularly valuable for companies operating across multiple jurisdictions.
While the platform may be expensive for smaller businesses, the features and potential savings on international transactions often justify the cost. The main limitations are the business-only focus and complex pricing structure, but for companies needing robust international banking capabilities, Multipass offers an excellent solution.