Gemba, a financial institution based in London, is authorised and regulated by the UK Financial Conduct Authority. It is built like a neo-bank, with a full range of vital payment services, including international transfers, currency exchange, card issuance, and merchant and payment services for corporate customers.
Gemba offers companies wishing to provide financial services with white-label solutions powered by this payment institution. It provides online banking and mobile banking apps with a no-code white label options with very easy and inexpensive integration.
Website: https://ge.mba
Main Features:
- Authorised payment institution
- SEPA payments, IBAN account
- Cards (soon)
- Tariffs for financial institutions and high-risk clients
- White label solutions
- Account number issuing
- Multi-currency accounts
- Cross-border SWIFT payments
- Currency exchange
- Multi-level account structures
- Payment collections (coming soon)
- Instant internal transfers
- Granular permission control
Online Onboarding
No branch visit is required for personal and business account openings. In most cases, the customer onboarding is conducted within just one day.
Documents required for individuals:
- Identification documents
- Proof of address
Documents required for legal entities:
- Document proving the date of registration and the legal address
- Document proving the rights of the declared director to represent the company (such as a certificate of incumbency)
- Documents proving the shareholders and beneficial owners (identification documents and proof of address)
In the case of a complex corporate structure, Gemba requires to disclose all documents up to the ultimate beneficial owner. For nominee shareholder, Gemba would request a declaration of trust.
Customer onboarding includes live verification via a video call.
Fees
Tariffs for individuals
| Services | The UK | The EU | International customers |
| First account opening | Free | Free | 50 GBP |
| Additional account opening | 25 GBP | 25 GBP | 25 GBP |
| Account confirmation; balance reference | 50 GBP | 50 GBP | 50 GBP |
| Account maintenance (per month) | Free | Free | 150 GBP |
| Inactive account maintenance | 10 GBP | 100 GBP | 1000 GBP |
| Plastic card issuance/replacement (with regular post-delivery within the EU) | 15 GBP | 15 GBP | 30 GBP |
| Virtual card issuance/replacement | 1 GBP | 1 GBP | 1 GBP |
| Card service monthly fee with SMS transaction alerts | 2 GBP | 2 GBP | 5 GBP |
| ATM balance request | 1 GBP | 1 GBP | 1 GBP |
| Cash withdrawal fee (SEPA region) | 2% | 2% | 3% |
| Cash withdrawal fee (Non-SEPA region) | 3% | 3% | 4% |
| Incoming SEPA payment | Free | Free | 5 GBP |
| Outgoing SEPA payment | 0.25 GBP | 1.50 GBP | 15 GBP |
Tariffs for corporate clients
| Services | The UK | The EU | International customers |
| First account opening | Free | 500 GBP | 850 GBP |
| Express account opening | 150 GBP | 1000 GBP | 2000 GBP |
| Account confirmation; balance reference | 50 GBP | 50 GBP | 50 GBP |
| Account maintenance (per month) | 50 GBP | 100 GBP | 300 GBP |
| Inactive account maintenance | 50 GBP | 500 GBP | 1000 GBP |
| Plastic card issuance/replacement (with regular post-delivery within the EU) | 15 GBP | 15 GBP | 30 GBP |
| Virtual card issuance/replacement | 1 GBP | 1 GBP | 1 GBP |
| Card service monthly fee with SMS transaction alerts | 2 GBP | 2 GBP | 5 GBP |
| ATM balance request | 1 GBP | 1 GBP | 1 GBP |
| Cash withdrawal fee (SEPA region) | 2% | 2% | 3% |
| Cash withdrawal fee (Non-SEPA region) | 3% | 3% | 4% |
| Incoming SEPA payment | Free | Free | 5 GBP |
| Outgoing SEPA payment | 1 GBP | 3 GBP | 15 GBP |
Payments solutions for white label
Gemba allows corporate customers wishing to provide banking services to start offering such services without opening or creating a bank. Gemba offers a developed solution to help customers to start their own FinTech company with ready-made solutions.
SPECIAL OFFER!
For anyone living and running a company in Europe Gemba offers – absolute 0 € – for account opening!
No appointments, no phone calls, no minimum deposits, no credit checks, no paperwork, no queues and finally NO ACCOUNT OPENING FEES for EU companies starting January 17 till February 16, 2023.
Apply here for personal or business account with Gemba
