Top 5 Mobile Banks for Businesses in Europe

Top 5 Business Mobile Banks

Find the best mobile bank and take your business to the next level!

Europe Europe – August 2020
  • Mobile business accounts tailored for freelancers, small businesses and sole traders
  • Accounting tools & integrations for simple business management
PricingBusiness CardKey FeaturesScoreOpen an Account
  • Free Plan
  • Additional plans from €12/m
Holvi Business Card
2.5% ATM withdrawal fee
  • Powerful bookkeeping & invoicing features
  • Free, unlimited bank transfers within Europe
  • Unlimited account users
9.8
Additional Features
  • Automated payment tracking
  • Deposits via bank transfers only
  • First Mastercard is free
Great
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Accounting Tools
  • Bookkeeping
  • Invoicing
Support
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  • Free Plan
  • Additional plans from €9.90/m
N26 Business Card
Free ATM withdrawals (EUR)
  • Free transactions worldwide
  • Save money with N26 Spaces
9.5
Additional Features
  • No minimum deposit required
  • Categorised transactions
  • Downloadable statements in CSV or OFX
  • Google pay / Apple Pay
Excellent
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Accounting Tools
  • Bookkeeping
Integrations
Transferwise
Support
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  • € 9.99 – € 19.99/m
Bunq Business Card
10 Free ATM withdrawals/m
  • International payments viaTransferWise
  • Scanning and paying invoices within the app
9.1
Additional Features
  • Set aside VAT on incoming payments
  • Reclaim VAT on outgoing payments
  • Monitor employee access to main/sub-accounts
Great
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Accounting Tools
  • Bbookkeeping
  • Invoicing
  • Bulk payments
Integrations
Jortt Moneybird MoneyMonk FactuurSturen e-boekhouden.nl Cash Gripp
Support
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  • Free plan
  • Fees & charges apply
Transfetrwise Business Card
Free ATM withdrawals up to Β£200/30 days
  • Automate payments and workflows
  • Large / enterprises solutions
8.8
Additional Features
  • Downloadable statements
  • Recieve & withdraw money in foreign currency for free via US, Eurozone, Australian, New Zealand, and UK bank details
Great
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Accounting Tools
  • Invoicing
  • Bulk payments
Integrations
Xero
Support
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  • € 9.99/m
Curve business card
Free ATM withdrawals
  • Automated expense reports
  • 1% cashback on business purchases
8.5
Additional Features
  • Fee-free spending in 200+ currencies
  • Fee-free foreign ATM withdrawals up to Β£200 /m
Average
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Accounting Tools
  • Bookkeeping
Support
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Advertiser Disclosure

Top10MobileBanks is a comparison site that provides users with free information on leading mobile banks and related tools. We do not provide a listing of all companies in the market. We aim to help users make an informed choice that best suits their particular needs. We do not guarantee the accuracy of the information. The information appearing on Top10MobileBanks may be subject to change at any time, and it reflects our subjective opinion. Top10MobileBanks is supported by referral fees from listed companies.

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.

Revolut mobile bank, for example, is a mobile bank for businesses featuring a global business current account. It showcases prepaid business cards and multi-currency current accounts with 28 fiduciary currencies. Clients can enjoy customised business cards and rapid payments. Revolut offers free, instant transfers to fellow Revolut account holders. The Open API supports multiple integrations and apps such as Xero, Zoho, Zapier, and Slack.

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.

Holvi business account is a sterling example of a mobile current account for EU as well as UK businesses. Accounts can be opened quickly and easily, supported on web and mobile app. This mobile banking option offers a free account and premium plans starting from 12 € a month. A EUR and UK business accounts are provided, with powerful invoicing & bookkeeping functionalities. Benefits include contactless business cards, low-price transfers abroad and free unlimited bank transfers.

How to Compare Mobile Banks for Business?

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

  • Fees & pricing – 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 – a current account 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- 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 – 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.

bunq app is a popular mobile banking option for EU businesses. bunq offers clients a debit card with their business account, direct connection between bunq and bookkeeping software and invoicing functionality as well as employee access. It takes a few minutes to register an account, and support is readily available to clients. To learn more about bunq business account read our full bunq review.