Business Banking: SMEs & Freelancers
Curated list of Europe's top bank accounts for businesses
Updated: 04.06.23
Review our curated list of business bank accounts available for companies of any scale, freelancers and entrepreneurs and find out more about the terms provided by some of Europe's best digital banks. Compare the monthly costs and other fees and get detailed information on these banks by reading in-depth reviews prepared by our fintech experts.
Curated List: Bank Accounts for Businesses
Qonto
Qonto is a French neobank for businesses that is equally suited for freelancers, micro-businesses, SMEs and startups. Diverse in its product portfolio and capable of satisfying business needs of any caliber, Qonto now offers a one-month free trial for new users.
150'000+
Paris, FR
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportPhone, chat, email
- CurrenciesEUR
Bank Accounts
- Individuals
- Businesses Starting at €9.0
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Holvi
Holvi offers a fully-digital business banking experience for freelancers. The bank provides everything you need for self-employment: German IBAN, a Mastercard business card, real-time cash flow overview, invoicing features and easy bookkeeping.
200'000+
Helsinki, FI
General Information
- Deposit Protection100% Safeguarding - PSD2
- Customer SupportChat, email
- CurrenciesEUR
Bank Accounts
- Individuals
- Businesses Starting at €9.0
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Monese
Monese offers excellent currency exchange rates, an easy way to transfer money abroad in over 30 countries along with a great mobile app. Aimed at "digital nomads" from all over the EU, neobank offers customer support in 14 languages.
2'000'000+
London, UK
General Information
- Deposit ProtectionUp to £85'000
- Customer Support15 languages
- CurrenciesGBP, EUR, RON
Bank Accounts
- Individuals Free plan available
- Businesses Starting at €9.95
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Bank Accounts for Individuals
Read our detailed reviews of personal bank accounts available at some of the world's most popular online banks, compare the plans they offer, explore their pricing and discover all the hidden fees.
Soldo
Soldo is an expense automation platform for businesses, that calls itself "the brighter way to manage spending". Soldo's wildly popular product excels at complementing your bank’s offerings with an array of time-saving features – fit for the way modern businesses operate.
Undisclosed
London, UK
General Information
- Deposit ProtectionN/A
- Customer SupportE-mail
- CurrenciesN/A
Bank Accounts
- Individuals
- Businesses Starting at €6.0
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Finom
Finom offers digital banking with built-in invoicing and expense management solutions for freelancers, self-employed and entrepreneurs, SMEs and companies under registration.
50'000+
Amsterdam, NL
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportChat, Whatsapp, Email
- CurrenciesEUR
Bank Accounts
- Individuals
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Top Bank Accounts for Businesses, Compared
One-on-one comparisons of top bank accounts for companies offered by the most popular digital and mobile-first banks. For SMEs, self-employed, entrepreneurs and freelancers.
Tide
Tide is a mobile-first business banking fintech that provides a fair range of digital banking solutions to freelancers and SMEs. Tide's offering is custom-fit for business needs of companies from the United Kingdom. FSCS-protected bank account in a simple, yet powerful product.
350'000+
London, UK
General Information
- Deposit ProtectionUp to £85'000
- Customer SupportPhone, chat, email
- CurrenciesGBP
Bank Accounts
- Individuals
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Revolut
Europe's biggest neobank, Revolut is a pioneer of mobile-first banking. Offering a wide range of financial services and banking products, including (but not limited to!) trading stocks and crypto, Revolut is a safe option regardless of customer's country of residence.
28'000'000+
London, UK
General Information
- Deposit ProtectionUp to £85'000
- Customer SupportChat, email
- Currencies30+ currencies
Bank Accounts
- Individuals Free plan available
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Wise
Formerly known as TransferWise, Wise is a go-to choice for money transfers abroad and international payments in any currency. With millions of loyal users, and a rich product development roadmap for years to come, Wise is a solid choice for a near-borderless experience.
10'000'000+
London, UK
General Information
- Deposit ProtectionN/A
- Customer SupportPhone, chat, email
- Currencies54 currencies
Bank Accounts
- Individuals Free plan available
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
bunq
Dutch online bank that gives you the freedom to bank like a local all over Europe. The bank's mobile apps are packed with exciting and unique features, and the fully fledged banking license bunq has ensures your money are 100% safe at all times.
5'400'000+
Amsterdam, NL
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportChat, email
- CurrenciesEUR, USD, GBP + 12
Bank Accounts
- Individuals Free plan available
- Businesses Starting at €6.99
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
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Anytime
Anytime acts as a modernized version of a traditional bank and aims to become a top pick for both professional or personal banking purposes. Great for freelancers who want their funds consolidated, but conveniently divided into business and personal funds.
Undisclosed
Brussels, BE
General Information
- Deposit ProtectionUp to €85'000
- Customer SupportPhone, chat, email
- CurrenciesEUR
Bank Accounts
- Individuals
- Businesses Starting at €9.5
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
N26
N26 is The Mobile Bank, extremely secure and operating with a full German banking license. Stylish cards, real-time payments, automatic expense categorization, all in a neat and very convenient mobile app.
8'000'000+
Berlin, DE
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportChat, email
- CurrenciesEUR
Bank Accounts
- Individuals Free plan available
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Monzo
One of UK's biggest neobanks, Monzo offers bank both personal and business accounts to UK residents. With Monzo, you can say goodbye to hidden fees and long lines and enjoy managing your money on the go with instant notifications and worldwide card acceptance.
6'000'000+
London, UK
General Information
- Deposit ProtectionUp to £85'000
- Customer SupportPhone, email
- CurrenciesGBP
Bank Accounts
- Individuals Free plan available
- Businesses Free plan available
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Bigbank
International bank focusing on loans and leasing. Bigbank offers consumer loans, housing & car leasing at attractive rates internationally, as well as corporate loans in the Baltics. Smooth application process, quick decisions and fully-digital services.
Undisclosed
Tallinn, EE
General Information
- Deposit ProtectionN/A
- Customer SupportChat, email
- CurrenciesEUR
Bank Accounts
- Individuals Starting at €None
- Businesses Starting at €None
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Banking services for business entities (besides companies of any scale from SMEs to international enterprises, this includes self-employed people, entrepreneurs and freelancers) frequently come in a very complex and intentionally complicated packaging. Confusing terms, various unexpected fees and a lot of fine print - this allows banks to charge customers more while providing less.
Fortunately, a new era of modern age digital-first banks created with younger generation in mind is at its peak! These banks are as secure and reliable as their "brick-and-mortar" traditional counterparts, thanks to an abundance of regulations, endless audits and certifications imposed by regulatory bodies. The benefits on top of this, however, are numerous. They bring the convenience of Uber or Netflix to running your family business or separating your personal and business banking as a freelancer with a copywriting gig. They're also usually cheaper as the new market is in a fierce competition for customers, and because of not having to sustain hundreds of branches.
Choosing a bank account for business banking is always a challenging task. You might need to balance efficiency you want in the short term with creating a healthy expense management and cash flow monitoring solution for the future. Luckily, a lot of professional banking solutions today offer a wide range of subscriptions (or "bank plans") to choose from, making it easy to "pay as you go".
Is there a bank you think we missed in our comparison? Please let us know and we will make sure to get "hands on" with your suggestion, test it out and let our readers know if it is something we can vouch for. Fintech Compass is not promoting any financial institution over another because of material incentives offered by third parties. We provide facts taken straight from the banks' websites and let the reader decide for themselves.
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