Fire Business Banking
About Fire
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How it worksFire are an online digital account that offers FX, international transfers, debit cards automated payments and more. They were founded in 2009 with the aim to make managing payments easier and more accessible and in 2019 they were authorised as an Electronic Money Institute by the Financial Conduct Authority (FCA).
See our full Fire business account review and see how they compare with other digital business bank account providers.
Fire pros & cons
Pros of Fire
- Integrate with your bank for automated payments
- Compatible with online accounting packages
- First debit card is free
Cons of Fire
- No FSCS protection
- No fee information
Fire business account
Fire only has one free business account available that integrates with your existing business bank account to give you access to international transfers, FX, automated payment processes and much more.
There is no information about any associated fees, you will have to contact support for more information.
Eligibility
To be eligible for a Fire business account you will need to confirm the following:
- The business is an unincorporated entity, limited company or sole trader
- The business is registered in the UK or Ireland
- The identity of each party member (passport or other photographic ID)
- The residency of significant parties (owners/directors)
Successful businesses will then be required to provide the following information:
- The Memorandum and Articles of Association (UK), or Constitution (Ireland)
- Certificate of Incorporation
Businesses will also need to confirm that they do not require cash, cheque or direct debits services in euros since Fire don't support them yet.
Opening an account
Here's how to open a Fire business account:
- Head over to Fire's website for sign up
- Complete their digital application - Fire will confirm your eligibility
- Verify your ID - you'll need to upload a picture ID and a video of yourself
- Once approved, you can start banking
Fire reviews
Fire has an average Trustpilot rating of 2.9 stars, from over 230 reviews with 77% giving them 5 stars.
Information correct as of 23rd January 2025.