What documents are required to open a business account?

Certificate of incorporation, register of directors and ultimate beneficial owners, proof of business address, and identification for authorised signatories. Additional documentation may be required based on jurisdiction and business profile.

How long does onboarding take?

Most applications are reviewed within 24 to 48 hours. Complex structures and regulated industries may require further review.

How are client funds safeguarded?

Client funds are held in segregated accounts at tier-1 global banks, fully separated from Transwap's operating capital. Transwap is licensed in 5 jurisdictions and subject to ongoing regulatory oversight including capital adequacy and AML/CFT standards.

Why are invoices or agreements requested for certain payments?

As a regulated payment institution, Transwap conducts transaction-level due diligence under AML/CFT obligations. Supporting documentation helps us verify the purpose of payments and complete sanctions screening efficiently.

Multi-Currency Business Account | 34 Currencies

Multi-currency treasury
accounts with local
clearing access.

Hold up to 34 currencies. Access local clearing in SG, UK, US, EU, HK, and ID.
Licensed by MAS, FCA, HKCED, Bank Indonesia, and FINTRAC.

Open an Account Speak to Our Team

Multi currency treasury. Local clearing access

Built for regulated businesses and treasury teams managing multi-currency cash flows across jurisdictions.

Global accounts

Hold 34 currencies in one account. Centralised treasury visibility.

Segregated client funds

Client funds held at tier-1 global banks, fully separated from operating capital.

API integration

Connect to your ERP or treasury system via a single API.

Real-time treasury reporting

Live balances, FX rates, and transaction ledgers across every currency held.

Built for complex cross-border
payment flows.

For regulated businesses, corporate treasury teams, and institutional clients operating
across multiple jurisdictions.

Multi-currency accounts with local clearing.

Hold 34 currencies. Receive via local IBANs, sort codes, and routing numbers.
Convert at institutional-grade rates.

Centralised treasury control.

High-volume payment execution with full pre-trade visibility, consolidated reporting,
and AML/CFT-aligned workflows.

Structured payment execution.

Consolidate outbound and inbound flows. Integrate via API.
Manage working capital across entities from one dashboard.

Transparent pricing. Pre-trade
visibility on every transaction.

All FX rates and total charges are displayed before you confirm each transaction.
Fees vary by plan, corridor, and volume. See pricing for details.

Multi-currency accounts with local clearing details

Real-time institutional FX rates

Dedicated relationship management

Segregated client funds at tier-1 banks

Regulatory oversight across 5 jurisdictions

99.2%

Settlement success rate

Across all corridors and currency pairs

$2B+

Annual volume processed

Cross-border payment flow through Transwap

Five

Regulatory jurisdictions

MAS, FCA, HKCED, Bank Indonesia, FINTRAC

180+

Countries covered

Supported by local clearing and SWIFT rails

Regulated across
APAC, Europe & North America.

A unified multi-jurisdictional licensing footprint with segregated client fund safeguarding.
Subject to ongoing oversight including capital adequacy, AML/CFT, and technology risk management.

Singapore

Major Payment Institution (PS20200415) · Monetary Authority of Singapore

Hong Kong

Money Service Operator (16-07-01882) · HK Customs and Excise Department

Indonesia

Fund Transfer Operator (21/248/Sr/3) · Bank Indonesia

United Kingdom

Electronic Money Institution (963951) · Financial Conduct Authority

Macau

Remittance Service Partner · via BDO Remit (partner network, not a Transwap licence)

Canada

Money Services Business (M22512088) · FINTRAC

Singapore

Major Payment Institution

License No. PS20200415

Hong Kong

Money Service Operator

License No. 16-07-01882

Indonesia

Fund Transfer Operator

License No. 21/248/Sr/3

United Kingdom

Electronic Money Institution

Firm Reference No. 963951

Macau

Remittance Service Partner

BDO Remit (Macau)

Canada

Money Service Business

Registration number M22512088

Regulatory safeguards
on every transaction.

Client funds are held in segregated accounts at tier-1 global banks, fully separated from Transwap's operating capital. Transactions are monitored under AML/CFT standards across every jurisdiction.

Licensed and regulated

Regulated across five jurisdictions: MAS (Singapore), FCA (UK), FINTRAC (Canada), HK Customs, and Bank Indonesia. Macau services delivered via BDO Remit partnership.

Institutional security controls

ISO 27001-aligned controls, end-to-end encryption in transit and at rest, SOC-grade access monitoring, and 24/7 transaction surveillance.

Dedicated relationship coverage

Each institutional account is assigned a named relationship manager with direct escalation into compliance, operations, and treasury desks.

Risk
management

Real-time screening against OFAC, EU, UN, HMT, and local sanctions lists. Rules-based AML/CFT monitoring with human review on elevated-risk transactions.

Licensed and compliant across multiple regions

Track incoming payments instantly and monitor transaction status with full transparency.

Institutional security controls

ISO 27001-aligned controls, end-to-end encryption in transit and at rest, SOC-grade access monitoring, and 24/7 transaction surveillance.

Dedicated relationship coverage

Each institutional account is assigned a named relationship manager with direct escalation into compliance, operations, and treasury desks.

Risk
management

Real-time screening against OFAC, EU, UN, HMT, and local sanctions lists. Rules-based AML/CFT monitoring with human review on elevated-risk transactions.

Trusted by regulated
businesses and treasury teams
operating globally.

Corporate treasury teams and institutional clients rely on Transwap to execute cross-border flows across
APAC, Europe, and North America.

Effortless transfer with real savings.

TranSwap's platform is easy to use and has helped me save on international transfers for my business! The service is fast and efficient, which is great for busy business owners like me. Definitely recommend!

Benson

Louve LLP

A trusted partner for consistent performance.

Transwap has been a highly reliable partner for my business. Their team is fast, precise, and professional, delivering consistent service and accuracy.

Agnes Ang

Bountiful International LLP

Consistent reliability. you can trust.

TranSwap has always been a reliable solution for my business. I am very satisfied with their speedy service and professional customer care. I highly recommend TranSwap to businesses with regular overseas payments.

Jamie

Balance Studio

Competitive rates, delivered fast.

Given the fast paced business environment that we operate in, we are always pressed for time to find the best price for our transactions. However, we can always trust that TranSwap provides favourable rates for our international transactions. The transfers are completed very quickly after confirmation and their staff are always very helpful and professional.

Ewan

Diverse Media Pte Ltd

I always know my fees upfront

TranSwap's fees are reasonable and transparent, meaning that I see my costs upfront when making international payments for overseas investments. The platform is also easy to use, fast, reliable & efficient.

Philip C

Investor

Fast, reliable, and professional support.

TranSwap staff is fast and efficient in their work.They are professional and polite! I am super satisfied with their speed and efficiency!I would also want to give a shout out to Raymond for his great service and support to my business.He has been very efficient in servicing us.

Ray Wong

TF Engineering & Trading Pte Ltd

Centralised treasury control.
Multi-currency visibility.
Structured payment execution.

One platform for multi-currency treasury, cross-border payment execution, institutional FX,
and local collections, managed by a dedicated relationship team.

Manage global funds in one place.

Open and manage accounts in 50+ currencies from a single dashboard. Hold, convert, and move funds seamlessly without maintaining multiple bank relationships.

Centralised global balance visibility.
Real-time FX conversion.
Unified treasury control.

Get paid like a local business.

Collect in SGD, HKD, IDR, GBP, USD and 10+ more via local clearing rails. Customers pay as if domestic; funds settle into your multi-currency account without conversion loss.

Faster collections.
Lower receiving fees.
Improved customer relationship.

Execute payouts at scale.

High-volume domestic and cross-border batch execution via file upload or API. Designed for payroll runs, supplier disbursements, and structured mass payments across multiple corridors.

Bulk upload capability.
Reliable settlement routing.
Optimised processing time.

Pre-trade FX transparency.

Institutional FX rates displayed before confirmation. Total charges (spread, margin, fee) itemised on every transaction. No hidden markups.

Real-time rate visibility.
Locked rates (where applicable).
Lower markups vs traditional banks.

No surprise. No hidden fees.

Clear, predictable pricing designed for growing businesses. Know exactly what you pay before you transact.

Clear fee breakdown
No monthly maintenance fees
Scalable pricing structure

Frequently asked
questions.

Find answers in our resources or reach out to
our support team.

Search help articles

What documents do I need to open a business account?

To open a Transwap business account, we verify your business and beneficial owners per the jurisdiction's KYB requirements. Core documents:

Certificate of incorporation or equivalent registry extract, dated within 6 months
Ownership structure chart identifying ultimate beneficial owners (UBOs) holding 25% or more
Government-issued photo ID and proof of address for all directors and UBOs
Bank statement or utility bill confirming registered business address

How long does approval take?

Approval time depends on jurisdiction and corporate complexity. Typical ranges once complete documentation is received:

Simple corporate structures (single entity, clear UBO): 1 to 3 business days
Multi-entity groups requiring enhanced due diligence: 5 to 10 business days
Regulated industries such as financial services, gaming, or crypto may require additional review
Our compliance team contacts applicants directly if further information is needed

How is my money protected?

Client funds are safeguarded through multiple layers of protection:

Segregated client accounts held at tier-1 global banks, separated from Transwap operating capital
Capital adequacy, safeguarding, and reporting requirements imposed by 5 regulators across APAC, Europe, and North America
Continuous AML and CFT sanctions monitoring with 24/7 transaction surveillance
Independent annual audits of safeguarding and operational controls

Why do you request invoices or agreements for some payments?

Certain transactions require supporting documentation under AML and CFT regulations. We may ask for invoices or agreements when:

Transaction value exceeds jurisdictional reporting thresholds
Payment purpose does not match the declared business activity profile
Regulated counterparties or high-risk corridors are involved
This is a regulatory requirement, not a discretionary review. Once provided, processing continues normally.

Talk to our institutional desk.

For corporate treasury teams and regulated businesses speak with a dedicated relationship manager to review your cross-border flows, licensing requirements, and integration options.

Contact support