Banking
Penrose is a global digital relationship bank, based on satisfied customers, financial strength and sustainable values.
Penrose Business Banking offers you global banking in the palm of your hand.
Open an account in 15 minutes and get access to our full suite of banking facilities.
With Penrose Business Banking, you can use our full function App and Web Interface to access your multi-currency IBANS, linked to a virtual or physical Visa Debit Card as well as SEPA, SWIFT and UK Faster Payments.
Our expense management features and direct Integration with XERO, Sage and A3 allow you to take control of your business in one place. Available in English, German, Spanish and Italian.
OUR UNIQUE
SERVICES WE PROVIDE
EASY TO USE
We have listened to our user’s requests, and have therefore made it easy to use.
CUSTOMER FRIENDLY
The Penrose App and Penrose Web Interface has been designed from the ground up with our customers in mind providing an easy to use App with help features.
CLEVER FEATURES
The Penrose App includes numerous features such as expense management, summary, reporting and reconciliation as well as direct integration with Xero, Sage and A3 to help you manage all of your business functions in one place.
FX Payments
Penrose enables users to make international payments directly from the digital banking app. Live rates provided at the time of transaction. Pay directly from in account balance or top up in the app from a card. Using open banking technology Penrose will enable clients to make payments using any linked bank account Penrose payment management module allow clients to store beneficiary details or duplicate or copy previous payments
Team and Expense Management
Penrose extends banking solutions by automating the management of expenses through to accounting using smart cards and a powerful expense app. Automate payment to capture transactions. Use the in-app approval function and collaborate with a wide team for card management and other programmes. Penrose App is integrated for accounting and payroll and will manage all the compliance to meet local expense and tax laws.
User and Card Management
The Penrose App delivers a powerful set of features for managing current accounts, users and card. A single view of all card and expenditure by each user. Clients can issue cards to team members. Main account holders are able to cancel or freeze via a powerful control function. Allow all your users access to manage their own card spending, view or reset function for pin and passwords. Penrose App is able to set language function to several European and other languages.
Sepa Payments
The single euro payments area (SEPA) harmonises the way cashless euro payments are made across Europe. It allows European consumers, businesses and public administrations to make and receive the following types of transactions under the same basic conditions This makes all cross-border electronic payments in euro as easy as domestic payments. SEPA covers the whole of the EU. It also applies to payments in euros in other European countries: Iceland, Norway, Switzerland, Liechtenstein, Monaco and San Marino.
Swift
Banks around the world needed a consistent, universal way to get money from one country to another. The SWIFT network became that answer. SWIFT provides a secure network that allows more than 10,000 financial institutions in 212 different countries to send and receive information about financial transactions to each other. If you’re sending money through SWIFT, it can be quite pricey, especially for smaller amounts of money and, as noted, if your SWIFT transaction will need to go through intermediary banks, each of them normally will levy their own fee.
Faster Payments
Faster Payments Service (FPS) was launched in 2008. It was developed to create a near real-time 24/7, payments service that would enable a vibrant and globally competitive UK economy. It provides an easy to use infrastructure. Our connection to the FPS central infrastructure allows you to send and receive payments of up to £250,000, 24 hours a day, seven days a week.
VERY SIMPLE
EASY TO UNDERSTAND PRICING STRUCTURE
Individual pricing available upon request based on volume, frequency and currencies
- GBP
- EUR
Outgoing Transfers
We use both GBP and EUR payment systems for our outgoing transfers and there is a flat rate per transaction.
£5.00 + 0.35%
per transaction
£35.00 + 0.35%
per transaction
€5.00 + 0.35%
per transaction
€35.00 + 0.35%
per transaction
Incoming Transfers
We use both GBP and EUR payment systems for our incoming transfers and there is a flat rate per transaction.
£5.00 + 0.35%
per transaction
£35.00 + 0.35%
per transaction
€5.00 + 0.35%
per transaction
€35.00 + 0.35%
per transaction
Internal Account Transfers
There is a flat rate per transaction.
£1.00 + 0.35
€1.00 + 0.35
Contact Us
Contact our friendly team today and
see how we can help you.
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