Pricing

Pay for the volume you send, not for the account

Three plans, one published margin each, and a flat fee per payment by rail. No setup fee, no minimum balance, one month's notice.

Starter

For a first container a month and a handful of suppliers.

£0 a month

Monthly volume: Up to £50,000
FX margin: 0.55% over mid-market
Team: 2 users

GBP and EUR accounts
Faster Payments, SEPA and SWIFT
Settlement date on every quote
CSV export

Start on Starter

Trade

Most importers pick this

For importers paying suppliers every week in two or more currencies.

£120 a month

Monthly volume: Up to £500,000
FX margin: 0.35% over mid-market
Team: Unlimited users

Everything in Starter
Two-person approval rules
Accounting sync and bill import
Batch payments up to 500 lines
USD, CNY and PLN accounts

Start on Trade

Volume

For buying teams moving seven figures a month who want a named dealer.

£390 a month

Monthly volume: Up to £2,500,000
FX margin: 0.22% over mid-market
Team: Unlimited users

Everything in Trade
Forward contracts up to 12 months
A named dealer on the phone
Custom approval chains per entity

Start on Volume

Sending more than £2.5m a month? Talk to our payments desk about a custom margin.

Price a real invoice

The margin comes from the plan you pick, the fee from the rail. The dates are counted from today.

You pay

£42,342.59

Rate: 1 GBP = 1.1809 EUR
Mid-market: 1.1850, margin 0.35%
Fee: £0.30
Arrives: Tue 6 Oct

High-street bank, 2.90% margin

£43,469.27, arrives Wed 7 Oct

You keep £1,127

Open an account

Fees per payment, on every plan

Faster Payments

£0.30

Usually within two minutes, every day of the year

SEPA

£0.30

Next business day

SWIFT

£6.00

Second business day, one correspondent bank

Receiving money, holding balances, adding users and exporting to your ledger are free on every plan.

How does that compare with a bank?

One €50,000 invoice, approved on a Monday, paid by SEPA.

Line	Kelvern	High-street bank
Exchange rate	1.1809 (0.35% margin)	1.1506 (2.90% margin)
Payment fee	£0.30	£15.00
Approved Monday, arrives	Tue 29 Sept, shown on the quote	Wed 30 Sept, “2–5 working days”
Margin shown on the quote	Yes, as a number	No, folded into the rate
You pay in total	£42,342.59	£43,469.27

Kelvern costs £1,127 less on this one invoice, sent by SEPA. At one invoice like it a week, that is £58,587 a year.

Pricing questions

What is the “margin” on my quote?

The difference between the mid-market rate and the rate you get. It is 0.55% on Starter, 0.35% on Trade and 0.22% on Volume. A typical high-street bank takes around 2.9% and does not print it on the quote.

Can I fix a rate for a payment next month?

Yes, on the Volume plan. A forward contract fixes today’s rate for a payment up to 12 months ahead, with a deposit of 5% to 10% depending on the date.

Is there a contract or a setup fee?

No. Plans are monthly, you can change or cancel at any time, and there is no fee to open an account, hold a balance or receive money.

Start on Starter. It costs nothing.

Move up to Trade the month your volume does. Your suppliers, rules and history come with you.

Open a free account Book a demo

Or call the payments desk on 0113 496 0128, Mon–Fri, 07:30–18:00 UK time.