Overview
Finom, at a glance.
Finom is an e-money institution headquartered in the Netherlands, regulated by DNB. Business accounts cost from €119 a month. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered. The legal representative and the owners do need a valid residence permit in one of the countries Finom supports.
Client funds are kept apart from Finom's own money in a separate foundation under Dutch law.
Why businesses pick Finom
- Free to open
- Accepts non-residents: owners and directors can live in a different country from the company
- Local IBANs in Germany, France, Italy, Spain and the Netherlands
- Invoicing and accounting tools in the same account
Watch out for
- Costs from €119 a month
- The legal representative and owners need a residence permit in a country Finom supports
- Only for companies based in Belgium, France, Germany, Italy, the Netherlands or Spain
- International payments cost €5 plus 0.3% to 2% of the amount, depending on the plan
- Does not support 18 industries, including crypto, gambling, CBD and precious metals
Business fit
Will Finom accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Finom's published rules
Needs review
Finom works with Freelancers, but does not publish the countries it accepts companies from.
Finom does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Finom publishes about the businesses it takes on.
Who Finom serves
- Freelancers
- Startups and SMEs
Not supported
Industries and countries Finom does not accept, from its own published lists.
Industries
- Weapons/military-grade security
- Multi-level marketing
- Pawnbrokers
- Political organizations
- Precious metals and stones, including diamond traders
- Unauthorized re-sale of luxury goods – including watch traders
- Adult entertainment
- Drug paraphernalia
- CBD and related products
- Carbon credits, including carbon credits traders
- Cryptoassets
- Gambling
- Ponzi/pyramid schemes
- Firms involved in the servicing of illegal goods/services including but not limited to: counterfeit goods/trademark infringement, human trafficking, child labor, prostitution.
- Mining and extraction
- Scrap metal traders
- Energy traders
- Speculative trading
Countries
- Not published
Coverage
Where can you use Finom?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
17 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- CZK
- DKK
- HKD
- HUF
- NOK
- NZD
- PLN
- RON
- SEK
- SGD
Available for international transfers and currency exchange.
Payment reach
Not published
Who can apply
Company incorporation countries6 countries · show list
- Belgium
- Germany
- Spain
- France
- Italy
- Netherlands
Owner nationality
Not publishedOwner residency12 countries · show list
- Germany
- France
- Italy
- Netherlands
- Belgium
- Spain
- Austria
- Portugal
- Ireland
- Cyprus
- Latvia
- Malta
Company types
Limited companies (GmbH, UG, SAS, SARL, SRL, BV), Public companies (AG, SpA, NV), Partnerships (GbR, OHG, KG, SNC), Sole proprietors and freelancers, Associations, Companies in formation (Germany)
Pricing
What does Finom cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
From €119
Business account
€119 per month
€0 setup · €1,428 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | €5 | Fixed fee |
| Outgoing | ||
| SEPA | €0–2 | Fixed fee; varies by plan |
| SWIFT / international | 0.3–2% + €5 | Percentage plus a fixed fee; varies by plan |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.5% | Percentage of the amount · On top of the interbank rate |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge · Number of free cards depends on the plan |
| Physical card issue | Free | No charge · Number of free cards depends on the plan |
| Monthly card fee | €0–3 | Fixed fee; varies by plan · Per physical card |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Company details
Enter your company data and confirm its legal representative.
- 2
Identity check
ID, selfie and liveness check on your phone, from a link sent by SMS.
- 3
Other owners
Other representatives or shareholders verify themselves when asked.
- 4
Account live
Finom completes its checks and opens the account.
Documents you need
- ID card, passport or driving licence
- Residence permit, if you use one as ID
- Company data and details of the legal representative
FAQ
Your questions, answered.
Is Finom a bank?
No. FINOM Payments B.V. is an e-money institution supervised by De Nederlandsche Bank, register number R180074. Client funds are kept separate from Finom's own money.
How much does a Finom business account cost?
Opening the account is free and the account costs from €119 a month. International payments cost €5 plus 0.3% to 2% of the amount, depending on the plan.
Which countries does Finom accept companies from?
Finom opens business accounts for companies based in and operating from Belgium, France, Germany, Italy, the Netherlands and Spain.
Which businesses does Finom not accept?
Finom lists 18 industries it cannot support, including cryptoassets, gambling, adult entertainment, CBD products, weapons, precious metals, multi-level marketing and energy traders.
Do the owners need to live in a particular country to open a Finom account?
They do not need to live where the company is registered, but the legal representative and the beneficial owners need a valid residence permit in a country Finom supports: Germany, France, Italy, the Netherlands, Belgium, Spain, Austria, Portugal, Ireland, Cyprus, Latvia or Malta.
Does Finom offer cards?
Yes. Finom issues virtual and physical Visa cards. The number of free cards depends on the plan.
Which currencies does Finom support?
International transfers and currency exchange are available in 17 currencies, including EUR, USD, GBP, CHF, CAD, AUD and JPY.
Alternatives
How Finom compares.
If Finom is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 FinomThis pageE-money institution |  | Freelancers and SMEsInvoicing |
 Wise BusinessE-money institution |   | Low FX costsStandard businesses |
 WorldFirstE-money institution | | Marketplace sellersTrade payments |
 3S MoneyE-money institution |   | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.