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3S.Money payment system (England)

3S Money is an English online banking service for international corporate business. The payment system entered the financial market in 2009, is an authorized electronic money institution and is regulated by the UK Financial Conduct Authority. 3S Money is headquartered in London.

The name of the payment system 3S means "three sigma", and its activity is based on the abandonment of chat bots and round-the-clock customer service only at the expense of professional individual managers.

OPEN AN ACCOUNT IN 3SMONEY

The cost of opening of the account (payment system tariff)

The cost of opening an international business account for legal entities is 2000 EUR (including the first 6 months of service and compliance).

 

From this amount, the payment system will charge a non-refundable fee for the preliminary review of the client (compliance). The amount for compliance is determined depending on the structure and activities of the company.

After preliminary agreement of the client, the payment system announces the applicable service tariffs. In the future, tariffs can be adjusted on an individual basis, depending on the operating activity of the account.

 

The minimum balance - 2000 EUR.

Representative offices

Luxembourg, Latvia, UAE, Amsterdam.

Management of the account

Using the Internet Banking software.

Provide individual managers 24/7.

Payment system tariffs

Account maintenance depends on the amount of incoming payments:

- up to 250 000 EUR/year - 250 EUR/month;

- between 250 000 and 5 000 000 EUR/year - 500 EUR/month;

- from 5 million EUR/year - 1000 EUR/month.

 

Incoming payments:

- SEPA - free;

- SWIFT - 20 EUR/transaction.

 

Outgoing payments:

- in GBR/EUR - 1 EUR/transaction;

- SWIFT - 50 EUR/transaction.

There are no restrictions on the amount of payments. On an individual basis, they can revise the commissions for servicing and making payments, depending on the activity.

Terms of opening the account

The process of opening an account consists of two stages: the preparatory stage and the stage of opening an account itself.

The preparatory stage includes the collection and provision of documents required to open an account. The term of the preparatory stage depends directly on you.

The account is opened within 10 working days from the moment all the necessary documents and information are submitted to the payment system. The consideration period may increase, at the discretion of the payment system.

3S.Money adheres to the principle of “know your customer” and in each individual case reserves the right to request additional information or documents, which may lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.

Staff

Working languages: English, Dutch, German, Russian, French and Vietnamese.

Credit/debit cards

3S Money club does not provide credit/debit cards.

Documents for opening an account

Signing forms are provided at our office.

Company documents - you must provide originals of all statutory documents. In addition, you will also need:

- a detailed description of the business;

- scheme of work and cash flows;

- if the company has conducted activities, financial statements, bank statements and copies of agreements on activities will also be required.

 

Documents for the account holder:

- original of national passport;

- original of foreign passport;

- original of identification code (taxpayer number);

- curriculum vitae;

- original of bank reference;

- original of utility bill (for gas, electricity) from the place of residence no older than 3 months (to prove the place of residence).

 

Documents for the beneficiary:

- original of national passport;

- original of foreign passport;

- original of identification code (taxpayer number);

- curriculum vitae;

- original of bank reference;

- original of utility bill (for gas, electricity) from the place of residence no older than 3 months (to prove the place of residence).

The payment system also requests documents confirming the source of income (wealth) of the beneficiary. It can be:

a certificate from the place of work indicating salary and statement of personal account, where payroll is displayed;

tax returns;

documents confirming inheritance;

documents confirming money donation, as well as their availability on accounts;

documents confirming the  presence/sale of real estate/movable property;

if the beneficiary is the founder of the company - documents for the company, extracts from company accounts, tax returns, documents confirming the payment of dividends;

if the beneficiary is a private entrepreneur - extract from the register, tax returns on the entrepreneur, bank statements;

Certificate of deposit from the bank, as well as documents confirming the source of income;

other documents that show sources of income.

Documents for nominal director, shareholder and secretary (in case of using nominal service by company):

- set of documents affixed with apostille, which includes copies of: passport, utility bill no older than 3 months and bank reference (if nominal director, shareholder and secretary are natural persons);

- set of statutory documents affixed with apostille, which includes Certificate of Incorporation, Memorandum, Article of Association, Minutes of the director designation (if director is legal entity). Also may require Certificate of Good Standing affixed with apostille, Certificate of Incumbency affixed with apostille and documents on this director, which includes set of documents affixed with apostille: copy of passport, utility bill no older than 3 months and bank reference.

The procedure of opening an account

It is necessary to visit our office in order to fill in a questionnaire and to certify documents for the company, attorney and beneficiary. After that copies of all documents are sent to the payment system for review and opening an account.

For further consultation concerning the terms of account opening in 3S Money Club Limited (England) please contact our office. We will respond to any questions you may have and will help you open an account in English payment system 3S Money or any other bank out of 70 foreign banks you may choose from.

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