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Equals Money Reviews & Product Details

Verified User in Non-Profit Organization Management
AN
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

The fact that eerything is in real time, staff can upload receipts/invoices on the go Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

I am still trying tofigurre out the system as there was no training given Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

We dont have to waitforstaff to report on expenses which may take a very long time, we can see the expenses in real time Review collected by and hosted on G2.com.

Equals Money Overview

What is Equals Money?

Join over 20,000 companies we've helped take control of their business expenses. Our cards, app & online platform give you complete control and visibility so you can spend less time managing your finances and more time growing your business. Work around the world - our cards* can be used in over 190 countries wherever Mastercard is accepted, and users can request top-ups anytime in our app. Get complete control - teams only spend what you put on their cards, so you have full visibility over their spending. You'll get an expert account manager who works to understand your business needs and arrange demos for your team. Our own-name multi-currency International Bank Account Numbers (IBANs) allow our customers to easily make international transfers at great exchange rates. Our mission is to make money movement simple. With a range of solutions helping you make the most out of expense management and international payments, let us help take the stress out of finances so you can get back to what’s really important: your business. Business spend is inevitable: with an account from Equals Money, make it one less thing to worry about. How we keep your money safe - we hold your funds in specially designated, safeguarded bank accounts, which keep your funds separated from our other assets. This means your funds are protected, however the Equals Money account does not fall under the Financial Services Compensation Scheme. Please see the product FAQs for more information. *Fees may apply to issue cards.

Equals Money Details
Product Website
Languages Supported
English
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Product Description

The Equals Money account is here to revolutionise the way finance teams manage a company’s payments, expenses, budgets, payroll and more, putting time back on the clock and money back on the balance sheet.

How do you position yourself against your competitors?

Businesses need capability to pay by transfer or card from one platform and one balance. Our platform unites secure account-to-account transfers, card payments, current account functionality and is integrated with Xero.

Finance Managers can stay on top of team spending with our easy-to-use online platform, physical and virtual cards* .
Your team can request top-ups when they’re low, pause their card if they’re worried they’ve misplaced it, and check their PIN 24/7. They can spend all over the world while you monitor their spending in real time, easily adjust user permissions, track budgets and requests.

Currency is unpredictable, making costs difficult to manage. Need to make international payments? Access over 100 currencies and our in-house currency expertise to help you stay on top of volatile markets. Your account manager will alert you to movements in your chosen currency pairs, and is available Monday - Friday during UK business hours.


Seller Details
Company Website
Year Founded
2007
HQ Location
London, England
Twitter
@equals__money
309 Twitter followers
LinkedIn® Page
www.linkedin.com
358 employees on LinkedIn®
Description

Equals Money is a global payments and treasury management platform designed to help businesses streamline their financial operations. Offering services such as multi-currency accounts, payments automation, and real-time reporting, Equals Money enables businesses to manage their cash flow, reduce costs, and ensure smooth international transactions. The platform provides seamless integrations with accounting and ERP systems, empowering companies to make data-driven financial decisions.


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Recent Equals Money Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Very helpful support team, Abu Yeashah in particular"
It allows each member of staff to hold a limited amount of funds, which means that they don't need to spend their own money and then claim it back ...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
1.0 out of 5
"Slick product, dire customer service"
The service works really well, until you have an issue. Pre-loading the cards, managing the balances, viewing transations are all super smooth and...
HN
Heledd N.Small-Business (50 or fewer emp.)
5.0 out of 5
"Easy and reliable solution to workplace spending"
The ease of use. Everything is easily accessible in one place.
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Equals Money Media

Equals Money Demo - Overview Dashboard
Once you log into your account, get an overview of your account balances in all the currencies you hold. See notifications of actions that need your attention and a list of all latest transaction information.
Equals Money Demo - Link your accountancy tool
Link accountancy software with your Equals Money Account. We have a direct integration with Xero, QuickBooks and Sage integrations coming soon!
Equals Money Demo - Map currencies held to relevant account
Map active Equals Money currencies to the relevant account in Xero.
Equals Money Demo - Map your account integrations
Manage your account integrations here. See active integrations and connected bank accounts.
Equals Money Demo - Payments Dashboard
Choose the payments you want to make in the payments dashboard. Make a single payment easily, add money, make an exchange, international transfer, or create a beneficiary.
Play Equals Money Video
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Have you used Equals Money before?
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168 out of 169 Total Reviews for Equals Money

4.6 out of 5
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168 out of 169 Total Reviews for Equals Money
4.6 out of 5
168 out of 169 Total Reviews for Equals Money
4.6 out of 5

Equals Money Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Equals MoneyQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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NS
Operations Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

Setting up our account at Equals Money was really easy. Their customer support was responsive and got back to me quickly when I had some questions. There are plenty of useful features which help our charity to manage its money, Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

Overall we have found the platform easy to use and straightforward - I've not encounted any problems or dislikes yet. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Our charity holds funds that we distribute for particular good causes. Sometimes these involve purchasing goods and services directly for people in need. Our existing financial process of receiving invoices and paying on credit terms did not suit this method of grantmaking, but neither did we want to issue debit cards which could risk uncontrolled spending. Instead, Equals Money helps us to provide pre-paid debit cards to relevant members of staff, ensuring that restricted funds are not overspent, while recording their purchases in an easy to use format. Review collected by and hosted on G2.com.

NW
Business Development Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Equals Money?

I recently moved across to EqualsMoney, and I couldn't be happier with the decision! The process of transferring money is smooth and straightforward, and not at all complicated. I use the cards weekly and the ease, very simple to intergarate into my day to day.

Compared to other services, EqualsMoney offered competitive rates and a much more personalsed experience. Was a no-brainer when I was shoping around, and its pleasing that the customer expereince so far has been excellent.

Overall, I highly recommend EqualsMoney to anyone looking for a reliable, fast, and secure money transfer service. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

No physicals branches has not been a problem for me, at all! Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Traditional banks and transfer services often charge high exchange rates and add hidden fees. Equals Money offers competitive exchange rates and transparent pricing, so I know exactly whatI 'm paying, saving significant costs on international transfers.

And ease of corporate money management Review collected by and hosted on G2.com.

Russ M.
RM
Director
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

We have found Equals Money to be a very useful and cost effective way for our employees to use a debit card to make business related purchases while maintaining full controll over spending limits, card access etc. We changed over from a larger provider where the cost and level of customer service provided was simply not providing value for money for our charity, and have been very pleased with the change. The sign up process was easy and the follow up from Equals Money ensured that we were on the right service. Easy integration with out Xero bookkeeping service and the ability for cardholders to scan electronic receipts has been very useful. We have had no problems regularly using the cards. As a small company we feel very valued by Equals Money and the customer back up is very good. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

More features are being regularly added to Equals Money and I think that the product will improve over time. A couple of things that we would like are automatic transfer of receipts into Xero (being worked on I believe) and perhaps a low balance alert would be useful (as it is a prepay card) Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Equals Money allows us to provide the right level of spending authority to company employees. Previous providers were not cost effective for us and equals money has allowed us to eliminate the use of petty cash and expense claim back from employees, saving time and increasingour level of financial oversight Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hello Russ,

We're glad to hear that Equals Money has been a valuable and cost-effective solution for your charity. We appreciate your feedback and are continuously working to improve our product.

Thanks,

The Equals Money team

LG
Facilities Administrator
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

Equals Money enables me to manage employee payment cards with ease from my laptop or mobile device. Adding funds to physical cards on the fly is seamless and adds convenience that is highly useful to employees in the field. The app allows me to check individual purchases on cards, block or temporarily suspend cards, set preferences on where cards can be used.

Setting up the app was easy and integrating into our organisation was made simple via good communication.

Customer service is friendly, prompt and effective.

We use Equals Money every day to manage employees expenses.

Equals Money was a fantastic upgrade for us which outshone the competition in most areas. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

Finding something I dont like about Equals Money is hard as it does everything we need flawlessly. My only complaint is that it doesn't keep you signed in the app even though there is an option to do so. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Cuts down on paperwork and avoids confusion that can arise from many employees making expense payments. Avoids the issue of employees losing receipts leading to payment non verification as all transactions are recorded. Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hi Leigh

Thank you for sharing your experience with Equals Money. We're delighted to hear that our app has been seamless and convenient for managing employee payment cards. We're committed to providing friendly and prompt customer service, and we're glad to hear that it has been effective for you. We'll take note of your feedback regarding the sign-in issue, we hope to make updates in this area soon.

Thanks,

The Equals Money team

SB
Office Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

The client portal is so easy to use and navigate, it is so simple to transfer funds, monitor transactions, and make any limits as required by the organisation. The feedback from workers has been nothing but positive. These cards have taken the stress away from staff, and are allowing them to achieve more in their sessions as they aren't as restricted with funds. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

As an organisation, it has been challenging to incorporate our Equals Money account into our accounting records. This is simply a learning curve, and we foresee this to improve in coming months. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Some of our workers with high caseloads were struggling to finance their sessions with their own funds. Some workers were spending £500+ on activity expenses per month. As an organisation, we recognised that this was not sustainable for our staff. These cards have eliminated that stress off our workers, and allows them to attend various activities to engage with their clients. Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hello Steph,

Thank you for sharing your experience with us. We understand that integrating our account into your accounting records can be challenging, and we are committed to providing support and resources to help streamline this process for you. Please do let us know if there's any additional information or education you think would help you, or would have helped you at the start of this process, so that we can work to improve our service to you.

Thanks,

The Equals Money team

Verified User in Primary/Secondary Education
UP
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

The service works really well, until you have an issue.

Pre-loading the cards, managing the balances, viewing transations are all super smooth and I like the user interface. It is all very seamless and easy to use and did exactly what we needed it to. Allows us to manage company money with many cardholders. Love the receipt upload and notes function. As treasurer, it makes my life really simple. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

It is slick and flawless until it all there is an issue and then it is dire. We made a transfer into the account and it didn't show up. Many many calls to both the sending bank (Lloyds) and Equals were made, and Equals were insistant to the point of being beligerant that Lloyds, not them, were at fault and had the respsonsibilty of 'finding the money'. Lloyds had traced it and given all the reference numbers needed and were incredulous at what had happened. Over a month of these phone calls ensued, with Lloyds saying one thing and Equals saying 'no, they're wrong, that's not how the banking system works', but refusing to talk to the other party. I had to threaten to take Equals to court for the money, before they suddenly 'found' it and said it had been transferred during a period of downtime and so had got lost.

I did not realise they are not a bank in their own right. They are simply a fancy user interface, connecting to their own business bank in the background (Barclays). This means they take absolutely no accountability when something like this happens. They simply say, we are chasing with the bank - but you are not able to talk to the bank. Would be far better to just have a bank account with Barclays themselves, as Equals were just an extra obstacle in the way of resolving the problem.

To add salt to the wound, a week after that was resolved, a transaction was allowed to go through on a card that was paused somehow - so I wouldn't trust that part of the system either.

I am sad to leave because it has been slick and easy when it has worked, but I have lost all faith in them. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

It helps me manage one central pot of money, but allow different people to access it and monitor their spend. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
AN
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

The Equals Money dashboard is simple to use and gives me all the information I need.

The app makes everything easier for me as well as if I get requests to top up money whilst I am not at my computer I can do this away from home.

I have found the support to be good when I have issues. They are responsive and have got my issues sorted. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

We have recently moved onto Equals Money and I've found a few little annoyances in the dashboard. They are not anything too bad and I expect they will get ironed out with future releases. Even with these annoyances, the dashboard is still a lot better than the old version. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

We are a small voluntary organisation. Before we had Equals Money we either had to send cash advances to our volunteers to purchase what they needed to, and they had to keep the records of purchases and receipts. It was extra admin for them above their usual volunteering work. We had some volunteers who just submitted expenses claims, so it was work for me (another volunteer) dealing with the paperwork and paying their claims.

SInce we got Equals it has revolutionised the way we work. We have no need to send them cash - we have become completely cashless. They simply use their cards and the only thing they need to do is upload their receipts, so it is much less work for them. They can use their cards to buy things online whereas previously they would have to use their own and claim it back. I can see "real time" what is being bought and through the dashboard I can see how much is left on their balances and top them up when needed. I have much less paperwork as I am not receiving expenses forms and receipts. As a volunteer treasurer it has made my life much easier admin wise. Review collected by and hosted on G2.com.

Wendy B.
WB
Accounts Assistant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

We have used Equals Money since the beginning of 2024, and find the software so easy to use and navigation around the software is super easy. I cannot fault the software !

We only had one issue a few months back where our tranactions were not syncing. This was resolved quickly and we have not had any issues since! Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

I cannot fault the software ! Its a pleasure to use. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

We give our repairs team members their own prepaid card ( with a limit of course) to purchase smaller items when attending to emergency repairs at our properties. This saves time by not having to get the accounts team involved to pay for small items. Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hello Wendy,

Thank you for your positive feedback! We're delighted that Equals Money has made managing transactions and prepaid cards so easy for your repairs team. We're committed to providing a seamless experience, and we're here to assist you with any future needs.

Thanks,

The Equals Money team

Dan O.
DO
Curate
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

Equals was the perfect solution for our non-profit. We had a single bank account which needed multiple signatories to make transactions, plus we had many people who needed access to cards. Expenses took a very long time to process, so our team often went as long as possible without making the purchases they needed. So to be able to load up the account periodically and to give each team member their own card has made life so much easier! No more expneses to process, and the integration into Xero has made life much easier on the finance team. We use this all the time and couldnt work without it now.

It was all so easy to set up, and anything we had an issue with was dealt with brilliantly by the customer support team. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

Honestly, I havent found anything to dislike about Equals. Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

Equals allows us to streamline our purchasing. Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hello,

We're so pleased to hear that Equals Money has helped streamline your purchasing process. Thank you for choosing Equals and for sharing your positive experience with us!

Thanks,

The Equals Money team

Verified User in Media Production
AM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Equals Money?

The positives include that team members no longer need to carry cash when traveling overseas. The app is easy to understand, and uploading receipts is extremely straightforward. Downloading statements, whether for individual team members or for the team as a whole, was very simple. Customer support is exemplary and I made contact with them often. Review collected by and hosted on G2.com.

What do you dislike about Equals Money?

As an Administrator, I needed to determine the total funds added to Equals. I found this to be a complex task, especially when dealing with multiple currencies over a four-month period. While I consistently checked with Equals regarding the countries the team was traveling to and whether the card could be used there, the teams occasionally faced challenges. They sometimes had trouble withdrawing cash or found that the card was not accepted.

One drawback of downloading statements is that I had to create an additional column to calculate totals, as Equals deducts money from the overall amount.

I found it difficult to create new folders for each country and its currencies, so I abandoned that idea and opted to use just one folder which was unsatisfactory Review collected by and hosted on G2.com.

What problems is Equals Money solving and how is that benefiting you?

The teams no longer need to carry cash, whether in GBP or foreign currency, which reduces the risk of theft or loss. They find it very easy to upload receipts, allowing them to focus on their work without worrying about expenses. Review collected by and hosted on G2.com.

Response from Equals Team of Equals Money

Hello,

Thank you for sharing your detailed feedback on your experience with Equals Money. We're thrilled to hear that you appreciate the convenience of the app, the ease of uploading receipts, and the simplicity of downloading statements.

Thank you for your feedback on your transactions. We are looking at making improvements and your comments on this area are helpful. We apologize for any challenges your team faced while using the card abroad and withdrawing cash, please contact your account manager directly to allow us to investigate this.

Thanks,

The Equals Money team