The AIM-listed international payments and e-banking group said its Fair Everywhere account would allow customers to manage all day-to-day business banking and international money transfers in one place with balances in sterling, euros and US dollars.
FairFX also said account users would receive 3.5% cashback rewards from more than 50 UK high street retailers for using the account.
The account will also come with a Mastercard debit card which will allow the user to transact in over 210 countries.
Ian Strafford-Taylor, FairFX chief executive, said that the account would offer an all-inclusive price of £50 per month, adding that the group would be launching additional subscription tiers for businesses with different levels of turnover while also introducing a pay-as-you-go pricing option.
The account will only be available initially to 1,000 customers, with FairFX’s existing business customers offered priority access while others can join a waiting list.