A business account and more
The financial products you need to run your business
Form-free onboarding
We'll set you up with a short call - no forms, no bureaucracy. Just real people to understand your startup's structure
“Opening our account was incredibly easy. Everything was handled smoothly on the call, with no forms to deal with.”
Mounir Mouawad
How we keep your money safe
How are my funds protected & safeguarded?
We work with Modulr, a regulated Electronic Money Institution, to keep your money safe. Your funds are held in special “safeguarded” accounts — with JP Morgan for European customers, and with JP Morgan and the Bank of England for UK customers.
These accounts are completely separate from Seapoint’s own money, so neither we nor our partners can ever use your funds for our business. Safeguarding rules, set by regulators in the UK and EU, make sure your money is always protected and available to you.
Who regulates Seapoint?
In the UK Seapoint works with Modulr FS Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) as an Electronic Money Institution (Firm Reference: 900573).
In Europe Seapoint works with Modulr Finance B.V., which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference: R182870).
Being regulated as an Electronic Money Institution means we have to follow strict rules. These include keeping your money separate (safeguarded), regular audits, and strong controls to make sure your funds are always protected.
What does it mean that my money is "safeguarded" or "ring-fenced"?
Your money is kept completely separate from our own company money. We don’t use it to run our business, make loans, or invest. Instead, it’s held in special accounts with trusted banks (or in secure assets like government bonds and money market funds).
This means that if anything ever happened to our company, your money would still be there - it’s protected by law and cannot be touched by our creditors. Safeguarding is a regulatory requirement for e-money and payments companies in the UK and EU, and its purpose is simple: to make sure your money stays safe and always available to you.
How do you protect me from fraud or scams?
We monitor transactions around the clock to spot anything unusual. If we see something suspicious, we may pause the transaction and contact you. If you ever think your account’s been compromised, you can reach our support team right away.
What happens if Seapoint or one of your banking partners fails?
Because your money is safeguarded, it’s protected from Seapoint’s creditors. In the unlikely event of a failure, administrators would return the safeguarded funds to you (minus any small costs linked to the process).
