How we help the growing SME market

Small to Medium-sized Enterprises (SMEs) are central to the UK economy.

Around 60% of the UK's private sector employment is in SMEs, according to the Federation of Small Businesses. The combined annual turnover of SMEs is in the region of £1.8 trillion. That is 47% of all private sector turnover in the UK.

Reducing costs is crucial for SMEs

Foreign Exchange (FX) transactions may lead to inflated costs that SMEs strive to reduce. FX execution is traditionally a very expensive service for SMEs. It is the cost of doing business with international subsidiaries, suppliers and clients. Many providers often take large spreads when they undertake FX transactions on behalf of clients. They disclose very little data about their FX spreads within the overall transaction charge. SMEs who absorb these charges may struggle to understand the true cost.

Our focus is on your needs

We are different. We help SMEs reduce FX charges through a fair and transparent transaction services tariff for international payments and FX.
BFC Bank has over 40 years experience in the international payments industry. That makes us well placed to offer an online, simple and cost- effective banking service for SMEs.

Our service is designed to simplify how you manage overseas payments and FX. It complements your existing banking arrangements. We offer innovative ideas like cross currency 'notional pooling' - to help you make better use of credit balances and reduce running costs.

Flexible, transparent, supportive

Our flexible online service combines scalable infrastructure with a simple approach to deliver services seamlessly. Our ethos is to offer SMEs an unrivalled transparency on costs and margins.

With BFC Bank, you receive superior care from a dedicated Relationship Manager who you meet regularly to ensure high services levels are maintained. Plus, we provide additional support from expert relationship management and payment services teams in London.

Speak to our Relationship Management team for more information or register your interest to become a client.


Simpler payments for Small to Medium-sized Enterprises (SMEs) and Payment Service Providers (PSPs). We make it straightforward for SMEs and PSPs to make international and UK domestic payments. You can also set up payments you make on a regular basis.


Multi-currency accounts

Multi-currency accounts with cross currency notional pooling. Our multi-currency accounts are an efficient and cost-effective way to manage cash across multiple currencies. 'Notional pooling' means you do not have to buy currencies for short-term funding obligations, so you do not incur extra costs.