Cupel, treasury accounts for UK companies. Sterling, euros and dollars.
Company cash that settles in seconds and earns while it waits.
Cupel pays suppliers over Faster Payments, SEPA Instant and Fedwire from one balance. Whatever sits above the buffer you set is swept each night into UK Treasury bills, held by a custodian in your company’s name.
- Faster Payments land in 7 seconds on average
- No monthly fee under £250,000
- Two people approve every large payment
One balance in three currencies, and the idle part in Treasury bills
Each currency has its own local account details, so customers pay you as they would any British, European or American supplier. Money lands in one view and you decide how much of it stays as cash.
- Account details
- UK sort code and account number, a euro IBAN, US routing and account numbers
- Pay out to
- 34 currencies in 118 countries
- Users
- As many as you need, each with a role and a limit
- Statements
- Daily CSV and CAMT.053 files for your ledger
- Opening
- One working day for most UK limited companies
- Closing
- Free, with balances returned within one working day
How the nightly sweep works
- At 18:00 we compare each balance with the buffer you set, for example £400,000 in sterling.
- Anything above it buys UK Treasury bills with one to three months left to run, at that day’s price.
- Bills mature back into cash on their own, or you sell them by 15:00 on any working day and the money is in your balance that evening.
Swept cash earned 3.71% a year before fees in October 2026. Our fee is 0.15% a year on the amount invested, charged monthly. Yields change with the Bank Rate.
Payment times and fees, rail by rail
Times run from the moment a payment is approved to the moment it reaches the receiving bank. Receiving money is free on every rail, in every plan.
| Rail | Currency | Arrives | Cut-off, London time | Fee |
|---|---|---|---|---|
| Faster Payments | Sterling | 7 seconds on average, 2 hours at most | Any time | Free |
| CHAPS | Sterling | Same working day | 16:30 | £4 |
| SEPA Instant | Euro | Under 10 seconds | Any time | Free |
| SEPA Credit Transfer | Euro | Next working day | 14:00 | Free |
| Same Day ACH | US dollar | Same working day | 19:00 | $0.75 |
| Fedwire | US dollar | Within 2 hours | 21:30 | $9 |
| SWIFT | 31 other currencies | 1 to 2 working days | 13:00 | £7 plus your plan’s FX rate |
US cut-offs move by an hour when American clocks change. Payments approved after a cut-off leave on the next working day.
Security, in plain words
What happens to the money is the first thing every finance director asks. These are the answers we give them, and the documents behind each one are yours to read.
Your money is kept apart from ours
Balances are safeguarded at two UK clearing banks, in accounts that hold only customer money. We reconcile them to the penny at 07:00 every working day. If Cupel ever failed, an administrator would return that money to you, not to our creditors.
Treasury bills in your company’s name
Swept cash buys bills through a regulated custodian, registered to your company rather than to Cupel. We never lend them out and never borrow against them.
Two people for every large payment
You set the limit. Above it, a second person approves on their own device before anything leaves, and a new payee waits 24 hours unless two directors confirm it.
Keys, not text messages
Everyone signs in with a passkey or a hardware key. We never send codes by SMS, and no one at Cupel can move your money or see how you sign in.
Checked by someone else
An independent firm audits our safeguarding once a year. Our SOC 2 Type II report and ISO 27001 certificate are available to customers under a non-disclosure agreement.
Three plans, priced by what you hold
No setup fee and no fee to close. Prices are per month and exclude VAT. Move between plans at any time and the change applies from the next month.
| Account£0 a month | Treasury£149 a month | Group£590 a month | |
|---|---|---|---|
| Balances | Up to £250,000 | Any amount | Any amount, up to 12 companies |
| FX over mid market | 0.35% | 0.18% | 0.10% |
| Treasury bill sweep | Not included | 0.15% a year | 0.10% a year |
| Users | 5 | Unlimited | Unlimited, with single sign on |
| Approval rules | One rule | Any number | Any number, per company |
| API and webhooks | Read only | Full | Full, with a sandbox |
| Support | Email, next working day | Phone, same day | A named account manager |
Open an account in a working day
Most UK limited companies are verified within one working day. You’ll need your company number, each director’s details and a recent bank statement.
Already with Cupel? Sign in from the app with your passkey.