Modulr FS
Modulr is an Authorised Electronic Money Institution enabling businesses to embed payments via accounts, cards, and API access to Faster Payments, Bacs, CHAPS, SEPA, and SWIFT.
Account Types
Business Plans
| Feature | Client Package (Accountant-managed) | Custom API / Enterprise Package | Delegate Plan |
|---|---|---|---|
| Monthly Fee | - | - | Free |
| Annual Fee | - | - | - |
| Minimum Balance | - | - | - |
| Fee Currency | GBP | GBP | GBP |
| Free ATM Withdrawals | - | - | - |
| Card Type | Standard VirtualStandard VirtualStandard PhysicalStandard Physical | Standard VirtualStandard VirtualStandard PhysicalStandard Physical | Standard VirtualStandard VirtualStandard PhysicalStandard Physical |
| Billing Model | Custom | Custom | Free |
| Free Tier | No | No | Available Launch Promotion – No fee for Delegate Access for accountants and bookkeepers collaborating on client business payments. |
| Description | Plans for clients of accountants/bookkeepers using Modulr's AP Automation or Payroll Payments products. Pricing based on usage and requirements. | Bespoke package for businesses needing API-access to Modulr's full product suite: Accounts, Pay-outs, Pay-ins, Cards, Fraud & Risk, and Integrations. Contact sales. | Access plan for accountants and bookkeepers to manage client AP or Payroll Payments. Free during launch promotion with no access fee. |
Visit the provider website for detailed plan comparisons and features
Business Features
BrightPay, Iris, Nomi, Sage, Staffology, Thesaurus, Workforce, Xero, QuickBooks
Modulr FS is a regulated payments automation platform with strong evidence for the following features. Multi-user access: confirmed via Users, Access Groups, Delegates, User Management, and Delegate Dashboard sections in the portal. API: fully confirmed with dedicated developer portal (modulr.readme.io), API documentation, API reference, sandbox access, authentication setup, and a Cards API with endpoints for creating/managing virtual and physical cards. API fee not mentioned. Bulk payments: confirmed via additional URL signal (modulr.readme.io/docs/bulk-payments) and 'Payment file upload' feature in portal. Expense management: confirmed via 'Spend Management' product — 'Take control of business spending with company cards and automatic receipt capture.' Receipt scanning: confirmed via 'automatic receipt capture' under Spend Management, and 'Capture' and 'Invoice capture' under Accounts Payable. Accounting integrations: explicitly listed as connected software — BrightPay, Iris, Nomi, Sage, Staffology, Thesaurus, Workforce, Xero; QuickBooks signalled via additional URL (Intuit QuickBooks agreement). Corporate cards: confirmed — both virtual and physical cards are offered, with full card lifecycle management (create, block, unblock, cancel, update, PIN management). Card types not specified as Visa/Mastercard in the content. No maximum card limit stated. Invoicing: not confirmed — invoice capture relates to AP (processing supplier invoices received), not creating/sending invoices to customers. Payment gateway: not mentioned — Collections product enables recurring inbound payments but no explicit payment gateway or merchant checkout described. Approval workflows: confirmed via 'Payment Approvals' and 'Approvals' portal sections, and AP Automation includes approvals. Scheduled payments: confirmed via 'Collections' (recurring payments), card-level cancellation dates and authorisation windows, and 'Pending Payments' section. Scale stats: 200M+ annualised transactions, £180B+ annualised payment value, 11M+ active accounts, 6,000+ business customers.
Fees & Limits
| Fee | Details | Amount |
|---|---|---|
| Account Fees | ||
| Silver Subscription Monthly Fee | -Monthly | €67.20 |
| Custom Enterprise Api Pricing | -Other | Free |
| Delegate Plan Monthly Fee | -Monthly | Free |
| Transfer Fees | ||
| Additional Inbound Sepa Credit Transfer Fee | -Per transaction | €0.40 |
| Additional Outbound Sepa Credit Transfer Fee | -Per transaction | €0.40 |
Cards
Security & Compliance
Regulation
- Bank of Lithuania (Lietuvos bankas)License: 81852401. Licensed in Lithuania. Safeguarding: segregated_accounts.
- Compliance CertificationsPCI DSS
App Security
- Two-Factor AuthenticationNot disclosed
Modulr Finance BV is an Electronic Money Institution registered with the Bank of Lithuania (LEI: 2138009BPIB3N98CK876), operating as an EU passported EMI from the Netherlands (authorised by De Nederlandsche Bank). Client funds are safeguarded via segregation into dedicated accounts held separately from Modulr's own funds, reconciled daily. Safeguarded funds are not covered by FSCS or any deposit guarantee scheme. The EMI framework explicitly prohibits lending of client funds. Modulr also holds a separate UK FCA EMI authorisation. Issues payment cards (Visa/Mastercard eligibility implies PCI DSS compliance). GDPR applies given EU/EEA operations. No explicit mention of SOC 2, specific encryption standards, bug bounty, or penetration testing disclosures in the source content.
Support & Platforms
Customer Support
- Phone24/7
Avg response: ~1 min
24/7 fraud support line: call 159 (UK) or +44 (0) 303 313 0060
- Help Center24/7
Knowledge hub and user guides at knowledge.modulrfinance.com; developer and API documentation at modulr.readme.io; service status page also available
- Contact Form24/7
General web contact form at modulrfinance.com/contact-us; fraud reporting form also available at modulrfinance.com/report-fraud; helpdesk ticketing system at modulrfinance.freshdesk.com
- Physical OfficeBusiness hours
London: Scale Space, 58 Wood Lane, London, W12 7RZ; Edinburgh: 1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN; Dublin: 77 Sir John Rogerson's Quay, Dublin 2, D02 NP08; Amsterdam: Strawinskylaan 4117, Amsterdam, 1077 ZX
Available Platforms
Eligibility
Residents Can Open Account (36)
Send Money To (17)
Supported Currencies
Local Account Details11 accounts
Each UK account is issued with a unique sort code and account number. Accounts are independent EMI accounts (not pooled under a master bank account) and require individual funding. Confirmation of Payee (CoP) supported. BIC/SWIFT: REVOGB21XXX. Address: 7 Westferry Circus, London.
EEA accounts are issued with a choice of local IBANs to reduce IBAN discrimination risk. Available local IBAN options: Dutch (NL), Spanish (ES), French (FR), and Irish (IE). Each account has a unique account number. Accounts are independent EMI accounts, not pooled. Funds can be added via FX conversion from other Modulr accounts or by external bank transfer.
USD is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Funds can be added via FX conversion within the Modulr platform or by external bank transfer. Specific US routing details not explicitly stated in source pages.
CZK is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
DKK is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
NOK is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
PLN is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
SEK is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
CHF is one of the 11 supported currencies. Accounts are independent EMI accounts with unique account numbers. Switzerland uses IBAN format. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer.
HKD is one of the 11 supported currencies. Hong Kong does not use IBAN; local account identifier format applies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer. Direct debit not applicable in HK context.
JPY is one of the 11 supported currencies. Japan does not use IBAN; local account identifier format applies. Accounts are independent EMI accounts with unique account numbers. Designed for currency-matched payments to reduce FX costs. Funds can be added via FX conversion or external bank transfer. Direct debit not applicable in JP context.