Honest, side-by-side comparison of the top European neobanks for business. Find the right account for your freelance work, startup, or SME.
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| Bank | Starting Price | Free Transfers | FX Fee | Currencies | Best For | Rating |
|---|---|---|---|---|---|---|
 Revolut | €10/mo | 10/mo | 0.6% | 30+ | Best for multi-currency operations | ★★★★☆ 4.3/5 |
 Finom | Free | 5/mo | 0.15–1.0% | 19+ | Best for invoicing & cashback | ★★★★★ 4.5/5 |
 Wise | Free | 0/mo | from 0.57% | 40+ | Best for FX rates & global payments | ★★★★★ 4.6/5 |
 Qonto | €9/mo | 30/mo | 0.56–1.80% | 32+ | Best for team expense management | ★★★★☆ 4.4/5 |
 Vivid | Free | Unlimited | 0.5% | 22+ | Best for multi-currency IBANs | ★★★★☆ 4.1/5 |
 N26 | Free | Unlimited | 0% | 1+ | Best for freelancers on a budget | ★★★★☆ 4.2/5 |
 bunq | Free | 0/mo | 0.5% | 22+ | Best for VAT automation & expense controls | ★★★★☆ 4/5 |
Best for multi-currency operations
An ECB-licensed neobank offering multi-currency accounts in 30 currencies, tiered subscription plans with generous free FX allowances, and built-in team expense management.
Best for invoicing & cashback
An all-in-one financial platform combining business banking, integrated invoicing with e-invoicing support, and cashback rewards — designed for freelancers and SMEs across 10 European countries.
Best for FX rates & global payments
A pay-as-you-go international business account with the real mid-market exchange rate, local account details in 24+ currencies, and batch payments for up to 1,000 recipients.
Best for team expense management
A comprehensive European business banking platform with FGDR deposit protection, tiered card products (One/Plus/X Metal), and best-in-class expense management for teams.
Best for multi-currency IBANs
A German-centric multi-currency business account with unique IBANs for 22 currencies, tiered FX allowances, and DATEV/Sevdesk integration — regulated as an EMI by Luxembourg's CSSF.
Best for freelancers on a budget
A mobile-first business account for freelancers and self-employed with free unlimited SEPA transfers, 0% card FX markup, and travel perks on premium plans — backed by a full German banking license.
Best for VAT automation & expense controls
A Dutch-licensed neobank with modular business plans, AutoVAT automation, receipt OCR, and API/Zapier integrations — best for teams needing granular expense controls and multi-IBAN setups.
The best business bank depends on your needs. For the lowest international transfer fees, Wise Business uses the real mid-market rate with fees from 0.57%. For invoicing and cashback, Finom offers up to 3% cashback and integrated e-invoicing. For team expense management, Qonto provides FGDR-protected accounts with tiered card products. For an all-round multi-currency platform, Revolut Business supports 30 currencies with an ECB banking license. For companies needing unique IBANs across 22 currencies, Vivid Business offers DATEV/Sevdesk integration and 0.5% FX. For freelancers seeking free banking with a full German banking license, N26 Business provides unlimited SEPA and 0% card FX. For teams needing VAT automation and Dutch banking protection, bunq Business delivers AutoVAT, receipt OCR, and €100,000 DNB deposit insurance.
Yes, all four banks in our comparison — Revolut, Finom, Wise, and Qonto — offer fully digital onboarding. You can open an account online in as little as 10-30 minutes. You will need to provide company registration documents, proof of identity, and proof of address. Verification typically takes 1-3 business days, with Revolut often completing it within 24 hours.
Yes, all four platforms are regulated. Revolut holds an ECB banking license (Revolut Bank UAB, regulated by the Bank of Lithuania) with deposit protection up to EUR 100,000. Qonto is an ACPR-authorized Payment Institution (license #16958) with FGDR deposit protection up to EUR 100,000. Finom is an EMI licensed by the Dutch central bank (DNB), with customer funds safeguarded at BNP Paribas. Wise holds FCA authorization in the UK and is an NBB-licensed Payment Institution in the EEA, with funds held in safeguarded accounts.
Wise Business consistently offers the lowest fees for international transfers. It uses the real mid-market exchange rate with a transparent variable fee starting from 0.57%. Revolut Business charges a 0.6% FX markup beyond each plan's free allowance (EUR 1,000 to EUR 60,000/month depending on plan). Finom charges 0.15–1.0% on SWIFT depending on plan tier. Qonto charges 0.56–1.80% depending on plan and currency corridor.
While not always legally required, having a separate business bank account is strongly recommended for freelancers. It simplifies tax filing, creates a clear audit trail, and appears more professional when invoicing clients. Finom offers a free Solo plan with a local IBAN, basic invoicing, and e-invoicing support — specifically designed for solo entrepreneurs.