Pricing

Three numbers.All of them published.

A fee for the account, a charge each time money moves, and a margin on anything you convert. That is the whole of it. Most providers publish the first, mention the second and bury the third inside the exchange rate — which is why so few importers can tell you what they actually pay.

Nothing to open the account: No setup fee, no minimum balance, no deposit held back.
The rate before you commit: You see the conversion rate and the margin in it, then decide.
Move tiers when you like: Up or down as the volume changes. A move up applies from the next payment.

The tiers

Pick the one your volume says to

The same account on all three. What changes is the charge on each payment and the margin on conversion, and both fall as you move up.

Bronze

A business opening its first account with us

£49a month, ex VAT

Everything the account does, at the entry charge. Most people start here and move up when the volume says to.

Margin on conversion: 1.00%
Faster Payment, in or out: £0.99
SWIFT payment out: £50
CHAPS, in or out: £25

Talk to us about Bronze

Most businesses

Gold

Converting six figures a month, paying suppliers weekly

£99a month, ex VAT

Where most importers end up. The extra £50 a month pays for itself at about £20,000 converted.

Margin on conversion: 0.75%
Faster Payment, in or out: £0.79
SWIFT payment out: £35
CHAPS, in or out: £22

Talk to us about Gold

Platinum

High volume, where the margin is worth negotiating

£199a month, ex VAT

The lowest published payment charges. The conversion margin stops being a list price and gets quoted against your actual flow.

Margin on conversion: Quoted
Faster Payment, in or out: £0.49
SWIFT payment out: £25
CHAPS, in or out: £20

Talk to us about Platinum

Work it out

The cheapest tier is not the one with the smallest monthly fee

Bronze costs £600 a year less than Gold and charges a quarter of a percent more on everything you convert. Those cancel out at about £20,000 converted a month. Above that, the cheaper monthly fee is the more expensive account — which is not obvious from a table, so here is the arithmetic.

Move the two sliders to roughly what a month looks like.

Which tier is yours?

Put in roughly what a month looks like. The arithmetic below is the published charges, not a quote.

Converted each month£120,000

Payments in and out40

Bronze£1,289a month

£49 account · £39.60 in payment charges · £1,200 margin on £120,000 converted

GoldCheapest for you£1,031a month

£99 account · £31.60 in payment charges · £900 margin on £120,000 converted

PlatinumFrom £219a month

£199 account · £19.60 in payment charges · conversion quoted against your flow

At this volume Gold costs £258 a month less than the most expensive of the two published tiers — £3,096 over a year.

Arithmetic, not a quote. It assumes every payment is a Faster Payment and every conversion is charged at the published margin; CHAPS, SWIFT and anything that has to be chased are charged separately, as set out in the table above. Platinum has no total because its conversion margin is quoted rather than published. Send us a real month and we will price it properly.

Every charge

The whole list, not the highlights

Including the ones most rate cards leave to a terms page: Bacs, CHAPS, cross-border, and what it costs when a payment has to be chased.

A monthly fee, a charge per payment, and a margin on conversion. The charges fall and the margin tightens as you move up, so the tier follows the volume rather than the other way round.

Charge	Bronze£49 a month	Gold£99 a month	Platinum£199 a month
The account
Monthly account fee	£49	£99	£199
Account opening	No charge	No charge	No charge
Margin on currency conversion	1.00%	0.75%	Quoted before you commit
UK payments
Faster Payments in	£0.99	£0.79	£0.49
Faster Payments out	£0.99	£0.79	£0.49
Between two accounts on the platform	Free	Free	Free
Bacs	£0.50	£0.50	£0.50
CHAPS in	£25	£22	£20
CHAPS out	£25	£22	£20
International payments
GBP cross-border in	£25	£25	£25
GBP cross-border out	£25	£25	£25
SWIFT payment out	£50	£35	£25
When a payment has to be chased
CHAPS investigation	£35	£35	£35
SWIFT investigation	£50	£50	£50

Bronze

£49 a month

Getting started

The account

Monthly account fee: £49
Account opening: No charge
Margin on currency conversion: 1.00%

UK payments

Faster Payments in: £0.99
Faster Payments out: £0.99
Between two accounts on the platform: Free
Bacs: £0.50
CHAPS in: £25
CHAPS out: £25

International payments

GBP cross-border in: £25
GBP cross-border out: £25
SWIFT payment out: £50

When a payment has to be chased

CHAPS investigation: £35
SWIFT investigation: £50

Gold

£99 a month

Growing volume

The account

Monthly account fee: £99
Account opening: No charge
Margin on currency conversion: 0.75%

UK payments

Faster Payments in: £0.79
Faster Payments out: £0.79
Between two accounts on the platform: Free
Bacs: £0.50
CHAPS in: £22
CHAPS out: £22

International payments

GBP cross-border in: £25
GBP cross-border out: £25
SWIFT payment out: £35

When a payment has to be chased

CHAPS investigation: £35
SWIFT investigation: £50

Platinum

£199 a month

Higher volume

The account

Monthly account fee: £199
Account opening: No charge
Margin on currency conversion: Quoted before you commit

UK payments

Faster Payments in: £0.49
Faster Payments out: £0.49
Between two accounts on the platform: Free
Bacs: £0.50
CHAPS in: £20
CHAPS out: £20

International payments

GBP cross-border in: £25
GBP cross-border out: £25
SWIFT payment out: £25

When a payment has to be chased

CHAPS investigation: £35
SWIFT investigation: £50

Processing more than the Platinum tier is built for? Send us a month of real activity and we will price against it.

The small print, up front

What the figures do and do not include

None of this is buried further down a terms page. It changes what you actually pay, so it belongs beside the numbers.

VAT: Every figure on this page is exclusive of VAT. Where VAT applies it is added at the prevailing rate.
Moving between tiers: You can move up or down as your volume changes. A move up takes effect straight away and the new charges apply from your next payment.
Conversion: There is no separate fee for converting. The margin is in the rate, and you are shown the rate before you commit — not after.
Other banks' charges: Correspondent, intermediary and beneficiary-bank charges can apply to international payments. They are not ours and we do not mark them up.
When a payment goes wrong: An investigation charge applies only where a payment needs manual work to trace or correct — not as a matter of course.
Higher volume: Above the Platinum tier the pricing is built around your payment profile rather than taken from this page. Send us a month of real activity.
What this page is: A rate card, not a quote. What you actually pay depends on onboarding, the corridors you use and the configuration your account is approved for, and is set out in your account agreement.

A rate card on its own tells you very little

What matters is the difference between this page and what is coming out of your account today. Send us one real conversion — the amount, the currency and what you were charged — and we will put the same transaction through these figures beside it.

Send us one transaction What opening one involves

OvaroPay is acting as an introducer. The regulated payment services are provided by an established payment institution authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017, not by OvaroPay. OvaroPay is not a bank and does not hold deposits. Every application is subject to full identity, anti-money-laundering and source-of-funds checks, and an account is opened only once those checks are satisfied. Nothing on this site is an offer of an account or a guarantee of approval.