SMEs Trading Internationally
Deserve Better Banking We Build Managed Compliance Around You

Magna Porta serves small and medium enterprises (SMEs) involved in international trade: importers paying overseas suppliers, exporters collecting from foreign buyers, e-commerce and marketplace sellers, agencies and consultancies billing international clients, SaaS companies, and businesses paying overseas employees or contractors. If your business sends or receives money across borders, Magna Porta’s multi-currency accounts, global transfers, and business cards are designed for you.

Opening a Magna Porta account takes under 5 minutes of application time, most businesses receive a decision within 24 hours, and the account is fully live, with cards issued and transfers enabled, within 1–3 days. Onboarding is fully digital: no branch visits, notarisation, or paper forms. Through Magna Porta’s included Managed Compliance service, the team prepares clear KYB/KYC checklists and walks you through every requirement, so there is no chasing documents or back-and-forth. Account opening is free, with no credit card required.

Magna Porta supports holding balances in 23+ currencies, converting between 45+ currencies, and sending international transfers to 150+ countries. Businesses also get local account details in 14 countries, allowing them to receive payments through domestic clearing systems, such as SEPA in the EU and Faster Payments in the UK, as if they had a local bank account in each market.

Magna Porta uses interbank exchange rates, the same mid-market rates banks use when trading with each other, plus a transparent conversion fee based on currency group: 0.90% for nine major currencies (AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, USD), 0.95% to 1.20% for other European and Asian currencies such as SEK, DKK, THB, INR and KRW, and 1.70% for any currency not listed. CNY payouts carry an additional 0.1% markup. There are no hidden spreads; by comparison, traditional banks commonly add 2–4% to the exchange rate. The rate and fee are shown before you confirm any conversion.

Magna Porta’s payment services are provided by Airwallex, a leading global payments infrastructure company. This partnership gives Magna Porta customers access to best-in-class payment rails in 150+ countries, local clearing networks such as SEPA and Faster Payments, and interbank exchange rates. Customers using Magna Porta also agree to Airwallex’s terms and conditions.

Magna Porta charges no setup fee: account opening and global account creation are free. Usage-based fees are transparent: local transfers are free for Premium clients, the standing every Magna Porta client holds, international transfers (SWIFT or local rail) cost 0.2% with a $25 minimum for SWIFT, currency conversion starts at 0.90% over interbank rates for major currencies, and receiving funds is free in all currencies except Korean Won (0.6%). The full fee schedule is published on the Magna Porta website.