United Kingdom · Payments & e-money
Eurochange LTD
Legal name in the LEI recordEUROCHANGE LIMITED
Eurochange Limited is a private limited company incorporated in England and Wales, with its head office in Stevenage. The FCA authorises it as a payment institution (reference 534703), and HMRC registers it as a money service business. Western Union Ireland Holdings Limited, a subsidiary of The Western Union Company, has owned it since 7 April 2025. It sells travel money in UK branches and online, provides Western Union transfers as a Western Union agent and offers a prepaid Mastercard issued by PrePay Technologies Limited.
Licences and registrations
Held by Eurochange Limited (LEI 2138006TR5OJ2EC1JB20). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 534703 | United Kingdom | Active | 2018-04-19 | — |
|
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| HMRC MLR Supervised Business RegisterHMRCLinked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XPML00000164676 | United Kingdom | Active | 2021-06-01 | — |
|
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Trading names on the register: NM Money (FCA-PSD, HMRC-MLR), Eurochange (FCA-PSD, HMRC-MLR)
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- EURHGB21XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of EURHGB21 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2018-11-03
- Last updated
- 2018-11-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Western Union Ireland Holdings Limited
Firm type
Bureau de change
Trades as eurochange
- Standing
- On 7 April 2025 Corsair sold the firm to a subsidiary of The Western Union Company. Western Union Ireland Holdings Limited is recorded as its person with significant control from that date.
- Ownership
- Western Union Ireland Holdings Limited, a subsidiary of The Western Union Company, has held 75% or more of the shares since 7 April 2025.
- Direct parent
- Western Union Ireland Holdings Limited, Ireland
- Ultimate owner
- The Western Union Company, United States
- Head office
- Essex House, Meadway Corporate Centre, Rutherford Close, SG1 2EF Stevenage, United Kingdom
- Company register
- Companies House 02519424
- Incorporated
- 6 Jul 1990
- Former names
- EUROCHANGE PLC · FX CURRENCY SERVICES PLC · FX CURRENCY SERVICES LIMITED · FX INVESTMENTS LIMITED · EUROCHANGE GROUP LIMITED · LAW 261 LIMITED
Online
- Websites & references
- eurochange.co.uk ↗ did not load when checked
morrisonstravelmoney.com ↗ Morrisons Travel Money site carrying the firm's regulatory statement (FCA reference 534703)
ulsterbanktravelmoney.com ↗ Ulster Bank travel money site carrying the firm's regulatory statement (FCA reference 534703)
Wikipedia ↗ - Official social accounts
- None found
Sources · 16 pages consulted
- find-and-update.company-information.service.gov.uk/company/02519424
- find-and-update.company-information.service.gov.uk/company/02519424/officers
- find-and-update.company-information.service.gov.uk/company/02519424/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/02519424/filing-history
- find-and-update.company-information.service.gov.uk/company/02519424/filing-history/MzQ2MDYwNzU3NmFkaXF6a2N4/document?format=pdf&download=0
- eurochange.co.uk/company/legal/regulatory-requirements
- eurochange.co.uk/company/legal/quick-transfer-terms-and-conditions
- eurochange.co.uk/travel-money/card
- eurochange.co.uk/transfer-money/western-union
- travelprepaid.mastercard.com/media/228357/902200_uk_eurochange_tmc_tcs_r5_011223_gd11496_vaw.pdf
- businesswire.com/news/home/20250408366869/en/Corsair-Completes-Sale-of-eurochange-to-The-Western-Union-Com
- insidermedia.com/news/south-eastsouth-west/us-investment-firm-completes-sale-of-eurochange-to-western-unio
- pressat.co.uk/releases/eurochange-wins-best-currency-travel-card-at-the-moneynet-awards-f9a45fe2bb30c1b
- businessinthemidlands.co.uk/eurochange-launches-the-travel-money-card-powered-by-mastercard/
- lei.bloomberg.com/leis/view/2138006TR5OJ2EC1JB20
- en.wikipedia.org/wiki/Eurochange
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Western Union Western Union agent for money transfer services
The FCA authorises the firm as a payment institution under the Payment Services Regulations 2017 (reference 534703) for its Quick Transfer international payments. HMRC supervises its currency exchange business as a money service business. It offers Western Union transfers as a Western Union agent, and PrePay Technologies Limited issues its prepaid card.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 534703 | In its own name | Active | eurochange.co.uk ↗ |
| HM Revenue & Customs United Kingdom | Money Service Business (money remittance, currency exchange) | XPML00000164676 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Card issuer
- PrePay Technologies Limited United Kingdom
- Payment schemes and card networks
- Mastercard Through a partner eurochange.co.uk ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It sells foreign currency banknotes in its branches, online and by home delivery. It also offers Quick Transfer international payments, Western Union send and receive services and a multi-currency prepaid Mastercard.
The firm describes a network of over 240 branches in England, Scotland, Wales and Northern Ireland. Its 2024 accounts state that all turnover arose in the United Kingdom.
- Revenue
- GBP 47.5m
- Sells to
- Consumers · Small businesses · Financial institutions
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Charles Somerville Stewart Managing Director
- Executive
- Graham Baker Director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Aamir Hanif stepped down as a director of the firm on 18 September 2026.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm moved its accounting reference date, extending the current period from 29 June 2025 to 28 December 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Philip Bowcock resigned as a director and Graham Baker and Aamir Hanif were appointed on 7 April 2025.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
Corsair completed the sale of the firm to a subsidiary of The Western Union Company on 7 April 2025.
businesswire.com ↗ -
Other
The firm incorporated a wholly owned subsidiary, Ignite FXCorp Limited, with company number 15823902.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm launched the eurochange Travel Money Card, a prepaid Mastercard issued by PrePay Technologies Limited.
businessinthemidlands.co.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- EURHGB21XXX
- How the BIC breaks down
- EURHBank
- GBCountry · United Kingdom
- 21Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 2138006TR5OJ2EC1JB20
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 534703
- Licence no. · HMRC-MLR
- XPML00000164676
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- b3b34ca0ffb8
Profile
- Type
- Payments & e-money · Money service businessPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 2 registers
- Activities
- Payment services
- Money remittance
- Currency exchange
- Licensed in
- United Kingdom
- Website (register)
- www.eurochange.co.uk ↗
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- RUSSEL HOUSE MEADWAY CO ELVICTA BUSINESS PARK CRICKHOWELL NP8DF UNITED KINGDOM
- Operational address
- ESSEX HOUSE MEADWAY CORPORATE CENTRE RUTHERFORD CLOSE STEVENAGE STEVENAGE SG1 2EF UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>EURHGB21XXX</BICFI>
<LEI>2138006TR5OJ2EC1JB20</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>EURHGB21XXX</BICFI>
<LEI>2138006TR5OJ2EC1JB20</LEI>
<Nm>EUROCHANGE LTD</Nm>
<PstlAdr>
<Ctry>GB</Ctry>
<AdrLine>RUSSEL HOUSE MEADWAY CO ELVICTA BUSINESS PARK CRICKHOWELL NP8DF</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- HMRC MLR Supervised Business Register—HM Revenue & Customs (HMRC) · register ↗ as at 24 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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