What We Do
Opening Bank Accounts for Gambling & Forex Businesses
Let’s be blunt: if your business operates in gambling, forex, crypto, AI, or adult, you already know the truth—traditional banks don’t want you. But that doesn’t mean you’re out of options. It simply means you need to work smarter, not harder.
At Foundese, we specialize in high-risk banking setups that get your money moving, your clients onboarded, and your business live -across Europe and beyond.
The reason it’s so difficult comes down to a few persistent challenges. Banks are wary of sectors with high chargeback risk, complex regulations, and perceived reputational damage. The compliance burden is also significantly higher. Rather than taking the time to assess each business on its own merits, most banks choose to say no by default.
That’s where specialist fintech firms and Electronic Money Institutions (EMIs) step in. These partners are more agile, better informed, and most importantly - willing to work with you if your business is structured and documented correctly.
The types of accounts you can get depend on your jurisdiction, business model, and target markets. We guide our clients through selecting and opening the most suitable account types, whether that’s a safeguarding account, client money account, EMI e-wallet, or a more traditional IBAN solution. It’s never one-size-fits-all, and we make sure the structure fits your actual payment flows and needs.
When it comes to jurisdictions, we’ve worked with partners across key banking hubs in Europe and beyond. Some jurisdictions remain more supportive than others in 2025, and choosing the wrong one can cost you time and credibility. That’s why we tailor our recommendations based on your license status, business activities, and onboarding complexity.
The requirements are clear, but often underestimated. You’ll need proper company documentation - valid, traceable, and clean. Your KYC and UBO chain must be free from red flags. A realistic business plan is essential; ideas are not enough. Compliance documentation will be required in many cases, along with a detailed description of your expected transaction types and volumes. And yes - your website, onboarding flow, and client interface will be reviewed, so it needs to reflect an active, real business.
Walking in blind is the quickest path to rejection. That’s why we prepare your full profile in a format that banks understand and trust. A clean application not only increases your chances—it also improves your pricing and reduces onboarding time.
In high-risk industries, faster onboarding usually means higher fees, especially with aggressive timelines. But quality applications backed by strong structuring nearly always get better outcomes. We’ve seen it time and time again.
Some mistakes are surprisingly common. Too many businesses rely on cheap offshore formation agents who offer no guidance. Others submit templated documents that raise immediate red flags. Worse, some try to disguise their actual activities - registering a crypto business as an “IT consultancy” or a forex operation under “business services.” These shortcuts backfire. Another major issue is misaligning your banking setup with your card processing or PSP flow, creating bottlenecks and compliance issues. And perhaps the biggest mistake: expecting results in 48 hours with no groundwork.
At Foundese, we’ve helped clean up countless broken applications. Starting strong saves months of back-and-forth and preserves your reputation with banks.
Our banking packages include comprehensive business profiling that’s audit-ready, introductions to EMIs with actual appetite for your risk category, step-by-step guidance through the application process, and all the support documents you need to present a credible case. We also coordinate with your licensing process, payment service providers, and tech stack to ensure alignment. For those who need additional flexibility, we can implement multi-jurisdiction account structures.
And if you’re looking for card processing, we offer an optional add-on to your bank setup. This includes introductions to BIN sponsors for card issuing, acquiring solutions tailored to high-risk sectors like gambling, adult, crypto, and nutra, as well as access to private PSP networks through our trusted partners.
The result is a fast, compliant, and consolidated payment setup that lets you focus on your business.
Here’s the bottom line: if you’re in gambling or forex, banking delays can kill momentum. But you don’t need to lie about what you do. You need the right structure, the right preparation, and the right partners. That’s what we deliver at Foundese.
