Modulr vs ClearBank
Verified facts in one table - licence, EEA data residency, rails, cards and published pricing. Shared ground: IBAN sponsor, BaaS. No verdict - which one fits depends on your build, and that is what the match request is for.
The facts, side by side
Every row comes from the source-verified catalogue - blank means not documented at source, not absent. Full context on each profile.
| Modulr | ClearBank | |
|---|---|---|
| Origin | UK (UK / Netherlands) | UK (UK) |
| EEA data residency | Partial | Partial |
| Licence type | EMI | Bank |
| Status | Active | Active |
| Verified | Verified 2026-07-19 | Verified 2026-07-19 |
| Product categories | Card issuing software, IBAN sponsor, BaaS | BaaS, IBAN sponsor |
| Local IBAN country codes | GB; NL; ES; FR; IE | GB; NL |
| Payment rails (documented) | SCT; SCT Inst; FPS; Bacs; CHAPS; SWIFT | SCT; SCT Inst; FPS; Bacs; CHAPS |
| Account model | Virtual | Virtual; Dedicated |
| Account currencies | EUR; GBP; USD; CHF; PLN; CZK; SEK; NOK; DKK | EUR; GBP |
| Published entry price | not published (sales-led) | not published (sales-led) |
How to read the sovereignty rows: EEA data residency explains Yes / Partial / No, the sovereignty framework covers origin and ownership, and the card-scheme map explains why the scheme row looks the way it does. Pricing context: what is published vs negotiated.
FAQ
What licences do Modulr and ClearBank hold?
Modulr operates as an e-money institution (EMI) headquartered in UK / Netherlands; ClearBank as a fully licensed bank (credit institution) headquartered in UK. Both are verified at source, and their official register entries are linked from their profiles.
Do Modulr and ClearBank keep data in the EEA?
Modulr is EEA: Partial - a non-EEA leg is named on its profile. ClearBank is EEA: Partial - a non-EEA leg is named on its profile. What Yes / Partial / No mean - and why an EEA data centre alone is not the whole answer - is explained in the EEA data residency guide.