Altery

What is Altery?

Altery is an Electronic Money Institution (EMI) that provides business payment solutions, including multi-currency accounts, corporate cards, and international money transfers for companies operating across borders. It supports payment rails such as SEPA, SWIFT, and Faster Payments, with coverage across 100+ destinations and a focus on digital economy and Web3 use cases.

From a directory standpoint, it fits best under Business Banks because the core product is a business account with payments and cards, rather than consumer banking.

Regulation is a key part of its positioning: it lists UK FCA supervision (Firm Reference Number 901037) and an EMI licence from the Central Bank of Cyprus (Licence No. 115.1.3.61). The service also publishes operational stats including 99.99% uptime and 60k+ transactions processed (as stated on its business page).

Key Features & Services

Multi-currency business account with global rails

The platform offers a business account designed for cross-border operations, including multi-currency support and international transfers. On the payment side, it supports SEPA, SWIFT, and Faster Payments, which covers common needs for EUR and GBP transfers plus global wires.

A built-in payment calculator is available to estimate transfer fees and exchange rates before sending funds, which can help teams compare costs for international money movement.

Corporate cards with real-time controls

It provides corporate cards for global spending, with real-time control features and support for multiple users. For teams that need to issue cards to staff or contractors, this type of setup can reduce the need for shared cards and improves oversight (spend is visible per user).

Mass payments for high-volume payouts

Mass payments are positioned for sending hundreds of payments in different currencies at once. This is relevant for marketplace payouts, payroll-style contractor payments, affiliate payouts, and other multi-beneficiary scenarios where batching matters.

Altery API for automated money movement

The Altery API is presented as programmable financial infrastructure to automate and integrate money movements into your own systems. This is most relevant if you want payments to trigger from internal workflows (for example: an approved invoice in your system triggers a payout).

If you are comparing providers mainly on developer tooling, you may also want to browse API-First Platform style solutions in our directory (tag-based grouping).

Multi-entity account management

Multi-entity account management is designed for groups that run multiple companies, brands, or international offices. Instead of maintaining separate logins and fragmented controls, this feature aims to centralize access, visibility, and administration within one primary account.

Pricing & Fees

Pricing is tiered based on the business operating region: “UK & Europe” vs “Rest of the World.” The published fees below focus on monthly account fees, opening fees, and dormancy fees.

Plan / Region	Monthly fee	Account opening fee	Incoming SEPA & Faster Payments	Internal transfers	Dormancy fee
UK & Europe Business Account	Free	Free (standard account opening)	Free	Free	£4.99/month
Rest of the World Business Account	£50/month	£100 (standard account opening)	Free	Free	£9.99/month

Notes based on the provided data:

• Both tiers list free internal transfers and free incoming SEPA and Faster Payments.
• Dormancy fees apply when an account is inactive, at £4.99/month (UK & Europe) or £9.99/month (Rest of World).
• The “Rest of the World” tier has a materially higher cost profile due to the £100 opening fee and £50 monthly fee.

This information is for educational purposes and does not constitute financial advice.

Pros and Cons

Pros

• Regulated in the UK by the FCA (FRN 901037), plus EU licensing via the Central Bank of Cyprus (EMI licence 115.1.3.61).
• Supports transfers to 100+ destinations (as stated on the business page).
• Supports common payment rails for businesses operating internationally: SEPA, SWIFT, and Faster Payments.
• API offering for teams that want programmable payments and automated workflows.
• Mass payments support for sending hundreds of payouts across currencies.
• Multi-entity account management for groups with multiple companies or offices.
• Publishes operational metrics such as 99.99% uptime and 60k+ transactions processed.

Cons

• Higher fees for businesses outside the UK/EU: £100 opening fee and £50 monthly fee on the Rest of the World tier.
• Dormancy fees apply to inactive accounts (either £4.99/month or £9.99/month depending on region).
• EU services are currently restricted to early access users (availability constraint).
• The pricing shown is region-based, so total cost can vary depending on where your business operates.
• If you need consumer banking features (savings, lending), those are not part of the described EMI offering.

Who Is Altery Best For?

This service is positioned for businesses that move money internationally and want controls, batching, and automation. It is most suitable for:

• Web3 and crypto-related businesses that need an EMI business account for day-to-day payments and card spend, while still operating across multiple currencies and countries.
• E-commerce platforms and marketplaces that pay out to many sellers or partners, where mass payments can reduce manual work and error rates.
• IT and software development firms that pay international contractors and vendors, especially if they want to connect payouts to internal approval systems via an API.
• Marketing and media agencies managing spend across teams (card issuance to staff, multi-user permissions, centralized visibility).
• Logistics and courier services paying suppliers across different geographies, where SWIFT plus regional rails can be useful.

It can also be a fit for groups that run multiple legal entities (for example, separate operating companies per market) and want a centralized way to manage access and oversight.

Altery Alternatives

Below are alternatives from the same general industry (business banking and business-focused international payments). Which one is best depends on your operating region, need for developer APIs, and how often you send cross-border payments.

1. Wise

• Often compared for international money transfers and multi-currency account features. Consider it if your primary need is cross-border transfers and transparent pricing for FX.

2. Airwallex

• A common option for multi-currency business accounts, cards, and international payments. It may be a fit for businesses that need broad payment capabilities across regions.

3. Revolut Business

• Consider it if you want a business account plus cards and team features in a single app-based banking platform style experience, especially if you already use Revolut’s ecosystem.

4. WorldFirst

• Often used by e-commerce importers/exporters and marketplace sellers. It can be a fit when your main focus is paying suppliers internationally.

5. Paysera

• Another option for multi-currency accounts and international transfers in Europe-oriented corridors, useful if you want an established EMI-style account experience.

Quick comparison

Provider	Best for	Notable angle
Altery	Web3/digital economy businesses needing rails + API	SEPA/SWIFT/Faster Payments, API, mass payouts, multi-entity management
Wise	Frequent cross-border transfers and FX	International transfers and multi-currency accounts
Airwallex	Multi-currency business operations	Business accounts, cards, international payments
Revolut Business	Team banking plus cards	App-led business finance features
WorldFirst	E-commerce supplier payments	International business payments for trade corridors
Paysera	Europe-oriented EMI accounts	Multi-currency accounts and transfers

Frequently Asked Questions

Is Altery regulated?

Yes. It lists UK FCA oversight (Firm Reference Number 901037) and an EMI licence from the Central Bank of Cyprus (Licence No. 115.1.3.61). As with any EMI, it is not the same as a full bank licence.

Does Altery support SEPA and SWIFT?

Yes. The service states support for SEPA, SWIFT, and Faster Payments, covering common EUR, global wire, and UK transfer rails.

How much does an Altery business account cost?

For UK & Europe, the monthly fee is listed as free, with a £4.99 monthly dormancy fee if inactive. For Rest of the World, pricing lists a £50 monthly fee, a £100 opening fee, and a £9.99 monthly dormancy fee.

Can Altery send mass payouts?

Yes. It advertises mass payments that can send hundreds of payments in different currencies simultaneously, which can help with marketplace or contractor payouts.

Does Altery offer an API?

Yes. It provides an API positioned for automating and integrating money movement into external systems, supporting programmable payment workflows.