Prohibited Activities with the Springly Business Account

The Springly Business Account is offered in partnership with Swan, a licensed payment institution in Europe. To protect everyone involved and comply with applicable regulations, certain activities are not eligible for this service.

This primarily applies to activities considered sensitive, high-risk, or subject to strict legal oversight. This list is defined by Swan and its banking partners, and may change over time.

What does "restricted activity" mean?

If your nonprofit carries out any of the activities listed below — even partially — opening or using a Business Account may be denied or suspended.

This does not mean your organization is operating illegally or improperly. It simply means these activities carry a level of risk that our banking partner is currently unable to accommodate.

List of restricted activities

Regulated substances

• Tobacco cultivation or processing

• Tobacco-derived products

• Cultivation or sale of marijuana, illicit marijuana-based products

High-risk financial activities

• Shell banks

• Business address/registered agent services

• Unlicensed financial service providers

• Crypto-asset exchange or custody platforms

• Unregulated currency exchange activities

• Money transfers or remittances without an official license

High environmental impact activities

• Extraction, trade, or processing of oil, gas, or coal

• Nuclear-related activities

• Palm oil production

• Hazardous or polluting chemicals

Sensitive or controversial activities

• Sale of weapons or military equipment

• Prostitution or escort services

• Adult content (pornography or equivalent)

Gambling and bartering

• Online gambling

• Game publishers enabling value transfers between players

• Peer-to-peer bartering services

Other

• Non-parliamentary political activities
• Organizations identified as cults or sects

• Trade in precious stones, gems, and jewelry

Not sure if this applies to you?

No worries — if you're unsure whether your nonprofit's activities fall into any of these categories, our team is here to help. Reach out to our support team.