Equals Money Review 2026: Is This Online Business Account with a Team Expense Manager Worth It?

What is Equals Money?

Overview and history

Registered in England and Wales (No. 05539698) at 3rd Floor, Vintners’ Place, 68 Upper Thames Street, London, Equals PLC operates under two distinct FCA authorizations. The first, under payment services (FCA No. 488396), covers transfers and payments. The second, held by Equals International Limited (FCA No. 900493) under the Electronic Money Regulations 2011, governs Mastercard card issuance.

To be clear: there is no credit, no overdraft facility, and no FSCS deposit protection. This status as a payment institution directly affects how funds are safeguarded, a point developed in the security section.

Who is it for?

Film and TV production, hospitality, ecommerce, manufacturing, accounting firms, associations and charities: Equals Money counts among its clients a wide range of profiles, but with a common need. In each case, the goal is to empower employees to spend within a strict budget, without giving them access to the company’s main bank account.

For freelancers and micro-entrepreneurs, however, interest is more limited. No integrated invoicing, no French IBAN, no native domestic accounting tool. Equals Money is best suited for organizations that already have organized accounting and are seeking a complementary tool rather than a one-stop solution.

Equals Money features

Account and transaction management

Payments in 23 currencies are accessible via SWIFT and SEPA connections, generally executed within 24 business hours. To manage foreign-exchange risk, three tools are available: spot transactions for a direct rate; a forward contract locking in a rate for a future transaction up to 24 months ahead; and stop-loss or limit orders. Note that these forwards only cover payments for goods and services.

A notable mention goes to the mass payments feature, which allows sending up to 10,000 payments simultaneously via an imported file. For a finance department reimbursing expenses to dozens of employees or processing payroll in multiple currencies, it saves enormous time.

Invoicing and accounting tools

No quotes or invoices: Equals Money does not offer this type of tool. On native integrations, only Xero and SAP Concur are listed on the site. For any other accounting software, you must export data manually, which creates a clear gap with competitors like Qonto or Shine that include invoicing in their core interface.

Expense and team management

Physical or virtual Mastercard cards can be used in over 190 countries. For each card, an administrator can set a per-card limit, lock or unlock instantly from the app, approve fund requests and view all transactions in real time.

For employees, expenses are tagged with photographed receipts and categories directly from mobile. Access permissions can be customized by role and responsibility.

On all plans, there are no per-seat charges and no user-limit constraints. This is a rare pricing model in a landscape where many competitors implement per-active-user billing.

Integrations and API

A developer portal and an API are provided to connect the platform with third-party systems. Through the Banking-as-a-Service (BaaS) offering, other companies can integrate card issuing or payment capabilities into their own products, in white-label if needed.

Equals Money pricing

Plans available

Equals Money offers 3 plans to manage payments: Business, Business Plus and Enterprise.

Note that Equals Money also offers a multicurrency account, fully customizable, featuring tailored integration, the accounts in the company’s name, the ability to send, receive and manage 23 currencies, same-day transfers and next-business-day processing, plus API integrations.

Fees to monitor

Exchange fees for Equals Money on international transactions and transfers vary by operation type:

• Card expenditures: there is no currency conversion fee when spending in one of the 21 currencies supported by Equals Money cards (GBP, EUR, USD, AED, AUD, CAD, CHF, CZK, DKK, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, TRY, ZAR). For other currencies, a 1.5% fee applies to the transaction.
• International transfers (FX payments): margins are not published publicly; according to Equals Money’s official pricing page, they are “based on volumes.”

In addition to the monthly subscription (from 50 €/mois for the Business plan), ATM withdrawals are charged at €1.50 per operation.

Value for money

At 50 euros per month for the entry-level plan, the monthly rate is higher than some broad-market rivals. In return, the dedicated account manager and unlimited users provide real value for organized teams. The pricing grid, clearly laid out on the site, leaves little room for surprises regarding included fees.

User experience

Mobile app

Ratings stand at 3.4/5 from 36 App Store reviews, 4.6/5 from 550 Trustpilot reviews, and there is no rating yet on Google Play. Clearly, Equals Money is still in its early stages. On iOS, a startup loop after an update has prompted some users to uninstall and reinstall the app. Nevertheless, multiple monthly releases throughout 2025 and early 2026 indicate active development. For day-to-day tasks—checking balances, managing cards, and requesting funds—the core capabilities are in place.

Web interface

On the dashboard, you can see balances, recent transactions and pending alerts. With a few clicks you gain access to card management and access rights. Transfers can be initiated directly from the interface, with real-time exchange rates displayed. On G2, finance managers praise the dashboard for its simplicity and intuitive ease of use for staff.