Railsr
Railsr
Railsr is an embedded finance provider regulated by the FCA in the UK, with native stablecoin support and a 4.6/5 Trustpilot score. It is a B2B service that went through a 2023 restructuring after rebranding from Railsbank, so its current stability is worth verifying.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso · UK, LT |
| Multi-currency | Yes · 3 currencies |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| SEPA transfer | Free |
| Interest on balance | 0% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK · 31+ countries |
| Regulator | FCA |
| OAM Italy registration | No |
| Segment | B2B |
| MiCA / License status | EMI FCA UK |
Plans & pricing
Strengths
- FCA UK; Trustpilot 4,6/5; stablecoin support native; embedded finance.
- No notable sovereignty advantage documented.
Weaknesses
- B2B; restructuring 2023 (ex Railsbank): verify stability.
- 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
A middling verdict with a weighing caveat: the FCA licence, native stablecoin support and a 4.6/5 Trustpilot are strong points, but it's a B2B service that went through a 2023 restructuring after rebranding from Railsbank. That episode means current stability is worth verifying before relying on it: precisely what keeps the rating below the top tier.
The picture improves a little here: high privacy for the category (8/10) and native stablecoin support open up crypto use cases. It remains, however, custodial infrastructure with full KYC and FCA oversight: control sits with the provider, so the end user's real autonomy stays limited.
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 Railsr a real bank?
Railsr operates under a EMI licence. Fund protection: Safeguarding — nessuna garanzia depositi.
Can I send transfers to third-party IBANs with Railsr?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Railsr support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Railsr support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Railsr?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Monthly fee · IBAN countries · +13 Data verified on Jun 14, 2026
- openbankingexpo.com Data verified on Jul 14, 2026
- app.dealroom.co Valuation Data verified on Jun 14, 2026
- baas.com Company type Data verified on Jun 14, 2026
Show 5 more sources
- cityam.com Founders Data verified on Jun 14, 2026
- mishcon.com Legal name Data verified on Jun 14, 2026
- thetimes.com Past incidents Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
- organismo-am.it OAM Italy registry Data verified on Jun 13, 2026