Overview
Ramp, at a glance.
Ramp is a fintech company headquartered in the United States, regulated by State regulators. Business accounts cost from $0 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.
Ramp is not a bank. Checking deposits are held at First Internet Bank of Indiana, a member of the FDIC.
Why businesses pick Ramp
- Free plan, with no fees or minimum deposit on the checking account
- Free same-day ACH and free international wires
- Unlimited virtual and physical cards at no extra cost
- Accepts non-residents: owners can apply with a foreign passport and an address abroad
Watch out for
- Only for companies registered in the United States with a US address
- Needs $25,000 in a linked US business bank account to qualify
- Sole proprietors and unregistered businesses cannot apply
- Holds US dollars only and has no IBAN
- Crypto, money services, gambling, adult, tobacco, weapons and cannabis businesses are not supported
Business fit
Will Ramp 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 Ramp's published rules
Likely no
Ramp does not list United Kingdom among the countries where it accepts companies.
Ramp 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 Ramp publishes about the businesses it takes on.
Who Ramp serves
- Startups and SMEs
- IT and software
- SaaS
- NGOs and charities
Not supported
Industries and countries Ramp does not accept, from its own published lists.
Industries
- Cryptocurrency companies
- Money service businesses
- Tobacco
- Adult content
- Gambling and online gaming
- Weapons and military goods
- Cannabis-related businesses
Countries
- Not published
Coverage
Where can you use Ramp?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD only
- USD
Suppliers abroad can be paid in US dollars or their local currency.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United States
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Corporations, Limited liability companies (LLC), Limited partnerships (LP), Non-profits
Pricing
What does Ramp 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
$0–15
depends on plan
Free
Lowest cost$0 per month
$0 setup · $0 in year one
Plus
$15 per month
$0 setup · $180 in year one
Enterprise
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| ACH / local USD | Free | No charge |
| Outgoing | ||
| SWIFT / international | Free | No charge |
| ACH / local USD | Free | No charge |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
| Physical card issue | Free | No charge |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Sign up
Use a business email and enter the company's address, legal name and what it does.
- 2
Company details
Provide the EIN, incorporation details and one officer or owner.
- 3
Link a bank account
Connect a US business bank account, or upload three recent statements.
- 4
Identity check
Complete identity verification and send any document Ramp asks for.
Documents you need
- EIN
- Corporate formation documents
- Foreign passport and proof of address where an officer has no SSN
- Business bank-account credentials or three recent bank statements if manually connected
- Additional identity-verification documents/selfie if requested
FAQ
Your questions, answered.
Is Ramp a bank?
No. Ramp is a financial technology company. Checking deposits are held at First Internet Bank of Indiana, a member of the FDIC. Ramp Payments Corporation is a licensed money transmitter.
How much does Ramp cost?
The Free plan costs $0 per user. Plus costs $15 per user a month plus a platform fee, and Enterprise is priced individually. The checking account, ACH, international wires and cards have no fees.
Who can open a Ramp account?
Corporations, LLCs, limited partnerships and non-profits registered in the United States, with a US address and at least $25,000 in a linked US business bank account.
Can non-US residents use Ramp?
Yes. An owner or officer without a US Social Security number can apply with a foreign passport and proof of address abroad. The company itself must be registered in the United States.
Which businesses does Ramp not support?
Cryptocurrency companies, money service businesses, tobacco, adult content, gambling and online gaming, weapons and military goods, and cannabis-related businesses.
Alternatives
How Ramp compares.
If Ramp is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 RampThis pageFintech company |  | Corporate cardsSpend management |
 BrexFintech company | | Corporate cardsSpend management |
 MercuryFintech company | | US business accountNon-residents accepted |
 AirwallexE-money institution |    | Global accountsOnline businesses |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.