Overview
Memo Bank, at a glance.
Memo Bank is a bank headquartered in France, regulated by ACPR. Business accounts cost from €199 a month. Opening an account takes 3–5 days.
Deposits are covered by the French deposit guarantee scheme (FGDR) up to €100,000 per depositor.
Why businesses pick Memo Bank
- A French bank authorised by the ECB and supervised by the ACPR, with deposits guaranteed up to €100,000
- Subscriptions include five euro accounts, 200 to 2,000 virtual IBANs, unlimited virtual cards and SEPA payments
- An API and SEPA direct debits built for high payment volumes
- Takes companies from eight European countries, with no French office or address needed
- A dedicated relationship manager
Watch out for
- Subscriptions start at €199 a month excluding VAT, for companies making hundreds or thousands of payments a month
- Not open to sole traders, micro-entrepreneurs or companies still being formed
- Only for companies registered in eight listed European countries
- International payments cost €7.20 plus an exchange margin of 0.40% to 0.85%
- Dollar and pound accounts are on request, at €30 a month each
- Tobacco and cannabis, gambling, mining, fossil fuels, adult activities and political or religious organisations are not accepted
Business fit
Will Memo Bank 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 Memo Bank's published rules
Likely no
Memo Bank does not list United Kingdom among the countries where it accepts companies.
Memo Bank 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 Memo Bank publishes about the businesses it takes on.
Who Memo Bank serves
- Startups and SMEs
- IT and software
- Financial institutions
- SaaS
Not supported
Industries and countries Memo Bank does not accept, from its own published lists.
Industries
- Sale of tobacco or cannabis products and derivatives
- Manufacture and sale of fur articles
- Sexual activities
- Gambling and betting, except operators approved by the French gambling authority (ANJ)
- Nightlife, such as nightclubs
- Divination and certain unconventional medicines
- Mining
- Political and religious organisations
- Activities that undermine the dignity or integrity of people or animals
- Development or operation of fossil fuel fields or infrastructure (coal, oil, gas)
- Any illegal or unlawful activity
Countries
- Not published
Coverage
Where can you use Memo Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR, with USD and GBP on request
Payments can be made in 104 currencies; a dollar or pound account costs €30 a month.
Payment reach
Not published
Who can apply
Company incorporation countries8 countries · show list
- Germany
- Belgium
- Luxembourg
- Netherlands
- France
- Ireland
- Spain
- Italy
Owner nationality
Not publishedOwner residency
Not publishedCompany types
SAS and SASU, SARL and EURL, SA, SNC, SCS and SCA partnerships
Pricing
What does Memo Bank 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
Not published
Monthly fee
€199–949
depends on plan
365 Plus
Lowest cost€199 per month
Setup fee not published
365 Prime
€399 per month
Setup fee not published
365 Expansion
€949 per month
Setup fee not published
Payments Core
€449 per month
Setup fee not published
Payments Scale
€449 per month
Setup fee not published
Transaction fees
| Cost | 365 Plus | 365 Prime | 365 Expansion | Payments Core | Payments Scale | How it is charged |
|---|---|---|---|---|---|---|
| Incoming | ||||||
| SEPA | Free | Free | Free | Free | Free | No charge · Standard and instant SEPA transfers received are included |
| SWIFT / international | €7.2 | €7.2 | €7.2 | €7.2 | €7.2 | Fixed fee · Plus an exchange margin of 0.40% to 0.85%; excluding VAT |
| Outgoing | ||||||
| SEPA | €0.4 | €0.3 | €0.2 | 0.2%, min €0.25 | Not published | Fixed fee · After 300 (Plus), 1,000 (Prime) or 3,500 (Expansion) included payments a month; Payments Core is charged per transfer, billed monthly; excluding VAT |
| SWIFT / international | €7.2 | €7.2 | €7.2 | €7.2 | €7.2 | Fixed fee · Plus an exchange margin of 0.40% to 0.85% depending on the currency and your volume; excluding VAT |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge · Unlimited on the 365 plans |
| Physical card issue | €10 | Fixed fee · Production and delivery; an extra physical card costs €5 a month |
| ATM withdrawal | €2 | Fixed fee · After 2 free withdrawals a 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 Memo Bank a bank?
Yes. Memo Bank is a French credit institution authorised by the European Central Bank and supervised by the ACPR (register ID 87553). Deposits are covered by the French deposit guarantee up to €100,000.
How much does Memo Bank cost?
Memo Bank 365 costs €199 (Plus), €399 (Prime) or €949 (Expansion) a month excluding VAT, with 300, 1,000 or 3,500 SEPA payments included. Payments Core and Scale start at €449 a month. International payments cost €7.20 plus an exchange margin of 0.40% to 0.85%.
Who can open a Memo Bank account?
Registered companies from Germany, Belgium, Luxembourg, the Netherlands, France, Ireland, Spain and Italy. Sole proprietors, micro-entrepreneurs, associations and companies in formation are not accepted.
Which businesses does Memo Bank not accept?
Its list includes tobacco and cannabis products, fur, sexual activities, gambling (except approved operators), nightlife, mining, fossil fuels, political and religious organisations, and any illegal activity.
Alternatives
How Memo Bank compares.
If Memo Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Memo BankThis pageBank |  | API bankingVirtual IBANs |
 QontoPayment institution | | FreelancersInvoicing tools |
| bunq BusinessBank |  | Deposit protectionFreelancers |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
 WallesterPayment institution |  | Visa cards10 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.