Countingup Countingup (depositi illimitati/mese)
A plan byCountingup
Countingup is a UK neobank for sole traders that bundles integrated accounting into the business account, backed by an FCA licence and a 4.2/5 Trustpilot score. There is no free plan: pricing starts at £3/month and rises to £9 and £18 depending on monthly deposits (up to £750, up to £7,500, unlimited). It remains confined to the UK, with a steep 3% FX markup and a flat £1 fee on each ATM withdrawal.
Countingup (depositi illimitati/mese)
- Price
- €18
- Issuance fee
- Free
- FX markup
- 3%
- Cashback currency
- Nessuno
- Required staking
- Nessuno
- ATM limit
- £1 per prelievo (limite giornaliero non documentato)
- Net annual cost
- €216
What's included
- Unlimited monthly deposits
- Built-in accounting
- Tax estimate
Data & conditions
| Account fee | €3 |
|---|---|
| IBAN | dedicato · GB |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| ATM withdrawal | not declared |
| Free ATM limit | £1 per prelievo (limite giornaliero non documentato) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | UK · 1+ countries |
| Regulator | FCA |
| OAM Italy registration | No |
| MiCA / License status | EMI FCA UK |
Strengths
- Integrated accounting; FCA UK; Trustpilot 4.2/5; ideal for sole traders.
- No notable sovereignty advantage documented.
Weaknesses
- UK only; 3% FX very high; no free plan (from £3/month).
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FCA UK): reporting to authorities and freezes on order.
Verdict
It stays a middling verdict: integrated accounting in the account and an FCA licence with a 4.2/5 Trustpilot are real positives for UK sole traders. But the actual value is held back by a 3% FX markup among the highest in the category, the lack of a free plan (pricing from £3/month) and coverage confined to the UK.
Irrelevant through this lens: custodial, full KYC, FCA oversight and a purely accounting-tax scope. It offers no autonomy, privacy or control to the user; it's a compliance tool for micro-businesses, far from any crypto-native logic.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Countingup a real bank?
Countingup operates under an EMI licence. Fund protection: Safeguarding — no deposit guarantee.
Can I send transfers to third-party IBANs with Countingup?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Countingup support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Countingup support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Countingup?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · OAM Italy registry · Investors · +3 Data verified on Jul 17, 2026
- financialit.net Founders · Deposit guarantee Data verified on Jun 15, 2026
- wise.com Multi-currency · On-chain crypto withdrawals Data verified on Jun 15, 2026
- businessexpert.co.uk Plans & pricing Data verified on Jun 14, 2026
Show 5 more sources
- find-and-update.company-information.service.gov.uk Issuer Data verified on Jun 14, 2026
- mintformations.co.uk Issuer Data verified on Jun 14, 2026
- pitchbook.com Issuer Data verified on Jun 14, 2026
- trustpilot.com Trust & safety Data verified on Jun 14, 2026
- nutsaboutmoney.com Monthly fee Data verified on Jun 13, 2026