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Top Mobile Banks for Businesses in Europe

Top Mobile Business Banks

Europe Europe – October 2021
  • Perfect for small businesses & freelancers
  • Benefit from automated banking & accounting
  • Save money on payments & transactions

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Top10MobileBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end. Please note: All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback! We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
Pricing Card What We Like Score Open an Account
  • Plans from €/£5/m
  • Spend management platform specifically designed for business
  • Customisable company cards
  • Instant & free transfers
  • Free deposits and withdrawals from domestic accounts
9.8
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
  • Permissions and roles for users
  • Cards available in £, € and USD $
Plans & Prices
Support
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Payment Methods
  • Plans from €9/m
  • Local business IBANs (FR, DE, IT & ES)
  • 30 Free SEPA transfers and direct debits
  • Automatic VAT detection
9.5
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • €4.99 – €19.99/m
  • VAT management tools
  • Scanning and paying invoices within the app
9.1
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
  • Monitor employee access to main/sub-accounts
Plans & Prices
Support
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Payment Methods
  • Free plan
  • Upgrade: €4.90+/m
  • Save & budget your money with N26 sub-accounts
  • No-fee transactions worldwide
8.8
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
  • Free Plan
  • Fees & charges apply
  • Spend abroad without the hidden fees
  • Hold, manage and convert 50+ currencies
8.5
Extra Protection
VPN Internet Security
Safe Password Vault
Additional Features
Plans & Prices
Support
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Payment Methods
1
Most Popular
Score
9.8
  • Spend management platform specifically designed for business
  • Customisable company cards
2
Score
9.5
  • Local business IBANs (FR, DE, IT & ES)
  • 30 Free SEPA transfers and direct debits
3
  • VAT management tools
  • International payments via TransferWise
4
Score
8.8
  • Save & budget your money with N26 sub-accounts
5
Score
8.5
  • Spend abroad without the hidden fees

What are Mobile Banks for Business?

Mobile banking options comprise an ever-increasing component of the financial services used by SMEs in the EU. Leading High Street banks are opening up additional channels to gain a competitive advantage in the mobile banking arena, on Android and iOS devices.

An array of Fintech banks operates alongside these established institutions, offering competitively-priced business services to account holders. Among others, business clients can apply for business cards, invoice services, complimentary transfers, perks and rewards, and spending controls on business accounts. The best mobile bank accounts for business offer a variety of features to business owners and staff, with all banking activity conducted on the go.

Business & personal online banking is the result of substantial technological progress, with mobile apps technology, mobile security, and banking services going mainstream. Mobile banking offers greater convenience and cost-effectiveness to both individuals and business clients.

Holvi for example, is a mobile bank for businesses featuring a complete set of solutions for managing your finances on desktop or mobile. This includes the creation of professional-looking invoices in seconds, managing invoicing data, and storing recipient information. Added to that are easy-to-use expense management options and effective bookkeeping services

Why Use a Mobile Bank for Your Business Needs?

Small and Medium Enterprises (SMEs) can benefit greatly from mobile banking services. With mobile banking, all that’s required to get started is a quick & easy download and installation of a mobile banking app.

  • Feature-rich banking options

A mobile bank account for business or a current account for business offers many benefits such as secure monitoring of spending habits, identifying suspicious activity, paperless statements and transactions, secure deposits of checks for business owners who are on the go, hassle-free banking without having to frequent land-based banks, and maximum control over the business’s money.

  • Maximum security

Mobile banking apps are highly sophisticated devices that allow business owners to instantly turn off business debit cards and credit cards if they go missing, or if fraudulent activity is suspected.

The card control features on mobile banking apps also allow account holders to monitor transactions, and receive mobile alerts for transactions, or for low balances. Other security features include 2FA (2 Factor Authentication) with verification required for transactions to process. These are among the many benefits of using a mobile bank for your business needs.

How to Compare Mobile Banks for Business?

Several factors need to be considered when comparing mobile banking options, namely:

Fees & pricing

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Fees may include foreign transaction fees, replacement card fees, ATM fees, cheque fees, account maintenance fees, inter-account transfer fees, outgoing wire transfer fees, deposit processing fees, ACH fees, minimum balance fees, et cetera. Pricing varies widely between mobile banks, with some offering a free plan, monthly pricing option, or annual pricing.

Payment options

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A current account like Soldo for business purposes typically offers debit cards for payments and withdrawals, and e-wallet compatibility such as ApplePay and Google Pay options.

Accounts and Features

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Mobile banks offer a variety of banking options such as savings accounts, checking accounts, 2-in-1 personal and business accounts, multi-currency options, budgeting tools, invoice tracking, and rewards programs

Safety and Security

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Mobile banking for business features ironclad security protocols such as SSL (secure socket layer) encryption, firewall protection, and 2FA (2 Factor Authentication). Bank-level security is assured with mobile banking apps for businesses.