Overview
Indy, at a glance.
Indy is an accounting app with a business account held at swan headquartered in France. The business account has no monthly fee. Opening an account takes 3–5 days. Owners may live anywhere in the European Economic Area. Owners who live outside it are not accepted, and US citizens are refused.
The account is a payment account at Swan, a French e-money institution. Indy holds no payment licence of its own; Swan keeps customer money in a segregated account at BNP Paribas.
Why businesses pick Indy
- The business account is free on every Indy plan, including the free one
- Free SEPA and instant transfers, up to €100,000 per instant transfer
- Accounting, invoicing and tax returns in the same app
- Open to sole traders, micro-entrepreneurs, small companies, SCIs and LMNP landlords
- Share-capital deposit for a SASU or EURL being created
- Trustpilot score of 4.7 from more than 15,000 reviews
Watch out for
- Only for businesses domiciled in France, with an owner who lives in the EEA
- US citizens are refused
- Euro only, and no outgoing international (SWIFT) transfers
- Incoming SWIFT transfers cost €5 plus VAT and are accepted only from listed countries
- Support is by chat only, in French, on weekdays
Business fit
Will Indy 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 Indy's published rules
Likely no
Indy does not list United Kingdom among the countries where it accepts companies.
Indy 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 Indy publishes about the businesses it takes on.
Who Indy serves
- Freelancers
- Startups and SMEs
- Professional services
- Creative
Not supported
Industries and countries Indy does not accept, from its own published lists.
Industries
- Culture et produits du tabac
- Fabrication de produits du tabac
- Culture de la marijuana et produits illicites à base de marijuana
- Banques Shell
- Prestataires de services aux sociétés fiduciaires et extraterritoriales
- Sociétés de domiciliation d'entreprises
- Entreprises de transfert de fonds et prestataires de services de paiement non agréés
- Plateformes de négociation, d'échange et de conservation de crypto-actifs
- Activités de mélange de crypto-monnaies
- Envoi de fonds
- Négociants et changeurs de devises, FOREX
- Industries extractives telles que le pétrole, le gaz et le charbon, y compris l'extraction, la transformation, le commerce et les autres activités connexes
- Matières nucléaires et production d'électricité
- Production d'huile de palme
- Produits chimiques industriels polluants ou dangereux
- Fournisseurs d'armes et de matériel de défense
- Prostitution et services d'escorte
- Divertissement pour adultes (pornographie ou activités similaires)
- Industrie des jeux d'argent, y compris les jeux vidéo classés comme jeux d'argent en ligne
- Éditeur de jeux en ligne permettant le transfert de valeur entre joueurs
- Services de troc en ligne
- Activités religieuses
- Pierres précieuses, gemmes et bijoux
Countries
- Not published
Coverage
Where can you use Indy?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR only
Incoming SWIFT payments in other currencies are converted to euros.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- France
Owner nationality
Not publishedOwner residency30 countries · show list
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
Company types
Sole traders (EI), including micro-entreprises, SASU, SAS, EURL and SARL, SCI property companies, LMNP furnished-rental landlords, SASU and EURL being created (share-capital deposit)
Pricing
What does Indy 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
Free
Compte pro
€0 per month
€0 setup · €0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| SWIFT / international | €5 | Fixed fee · Plus VAT and exchange fees; only from listed countries |
| Outgoing | ||
| SEPA | Free | No charge |
| SEPA Instant | Free | No charge · Up to €100,000 per transfer |
| SWIFT / international | Not offered | Not available |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge |
| Card FX | 2% | Percentage of the amount · Plus VAT, on card payments and withdrawals in other currencies |
| ATM withdrawal | €1 | Fixed fee · Euro withdrawals after the first two each month |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Indy a bank?
No. Indy is an accounting software company registered with ORIAS as a banking and payment intermediary. The account is a payment account at Swan, a French e-money institution, which safeguards customer money at BNP Paribas.
How much does the Indy business account cost?
Nothing: the account is free on every Indy plan, including the free Essentiel plan. Indy's accounting plans for companies cost from €9 a month. Incoming SWIFT transfers cost €5 plus VAT and card payments in other currencies 2% plus VAT.
Who can open an Indy account?
Businesses domiciled in France: sole traders and micro-entrepreneurs, SASU, SAS, EURL and SARL companies, SCIs and LMNP landlords. The owner must live in the European Economic Area, and US citizens are refused.
Which businesses does Indy not accept?
Its list includes tobacco, cannabis, shell banks, company domiciliation and trust services, money transfer and unlicensed payment services, crypto platforms, forex dealers, extractive industries, weapons, adult entertainment, gambling, religious activities and precious stones and jewellery.
Alternatives
How Indy compares.
If Indy is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 IndyThis pageAccounting app with a business account held at Swan | Not published | Accounting built inFrance |
 ShinePayment institution |  | French IBANFree plan |
 QontoPayment institution | | FreelancersInvoicing tools |
 FinomE-money institution |  | Freelancers and small companiesInvoicing |
 HolviPayment institution |  | 18 currenciesFree plan |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.