Top Mobile Banks for Businesses in Europe
Top Mobile Business Banks
EU
– June 2023
- Perfect for small businesses & freelancers
- Accounting tools for business management
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Advertiser Disclosure
| Mobile Bank | Pricing | Card | What We Like | Score | Open an Account | ||
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1
Most Popular
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9.8
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2
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9.5
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3
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9.1
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4
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8.8
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5
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8.5
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Plans from €/£6+/m
Based on 1219 reviews
- Free deposits and withdrawals
- Instant & free transfers
- Simple receipts capture
- Easy integration with accounting tools like Xero, QuickBooks and more
- Spend management platform specifically designed for business
- Customisable company cards
Upgrade: €9+/m
Based on 4027 reviews
- Free SEPA transfers, no transfer commission
- Digital receipts and VAT auto-detection
- Team expenses with budget limits
- 5 accounts with individual IBANs
- 7-day-a-week support
- Synchronize expenses, receipts, and VAT in real-time
- Takes about 10 min. to open a business account
Upgrade: €4.90+/m
Based on 14686 reviews
- Fast & cheap transfers with Transferwise
- Get support 24/7 in 5 different EU languages
- Premium bank accounts with exclusive benefits
- Save & budget your money with N26 sub-accounts
- No-fee transactions worldwide
- Monitor employee access to main/sub-accounts
- Bookkeeping and accounting tools
- VAT management tools
Fees apply
Based on 152187 reviews
- Receive payments like a local in 9 currencies
- Send money cheaper and easier than old-school banks.
- 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
Accordion buttonFees 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
Accordion buttonA 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
Accordion buttonMobile 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
Accordion buttonMobile 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.