Overview
Wallester, at a glance.
Wallester is a payment institution headquartered in Estonia, regulated by Estonian FSA. The business account has no monthly fee. Opening an account takes 3–5 days.
Client funds are held in segregated accounts. A Wallester account is not a deposit and is not covered by a deposit guarantee.
Why businesses pick Wallester
- A free account with no setup fee
- An IBAN account in 10 currencies
- Virtual and physical Visa cards with spend controls for teams
- Exchange between your own Wallester accounts at the live rate with no margin
- Business applications reviewed within 48 hours
- Trustpilot score of 4.3 from 292 reviews
Watch out for
- Only for companies in 36 listed countries; companies elsewhere are considered after due diligence
- Card payments in other currencies cost 2% plus the Visa exchange rate
- A payment account, not a bank account: no deposit guarantee
- Prices for SWIFT and instant transfers are not published, and an industry-based fee may apply
- Paid plans cost €199 and €999 a month
Business fit
Will Wallester 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 Wallester's published rules
Likely fit
Wallester lists both United Kingdom companies and Startups and SMEs as accepted.
Wallester 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 Wallester publishes about the businesses it takes on.
Who Wallester serves
- Startups and SMEs
- IT and software
- E-commerce
- Professional services
Not supported
Industries and countries Wallester does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Wallester?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
10 currencies
Hold and receive · 10 currencies
- EUR
- USD
- GBP
- CZK
- DKK
- HUF
- NOK
- PLN
- RON
- SEK
Pay out · 10 currencies
- EUR
- USD
- GBP
- CZK
- DKK
- HUF
- NOK
- PLN
- RON
- SEK
Payment reach
Not published
Who can apply
Company incorporation countries36 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
- United Kingdom
- Switzerland
- United Arab Emirates
- Singapore
- United States
- Canada
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Sole proprietors
Pricing
What does Wallester 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
€0–999
depends on plan
Free
Lowest cost€0 per month
€0 setup · €0 in year one
Premium
€199 per month
€0 setup · €2,388 in year one
Platinum
€999 per month
€0 setup · €11,988 in year one
Enterprise Suite
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge · Bank transfers in euros; other currencies carry a fee |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Free | No charge · Between your Wallester accounts, at the live rate with no margin |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge · Extra virtual cards cost €0.35 a month on the Free plan |
| Physical card issue | Free | No charge · Delivery costs €5, or €20 express |
| Card FX | 2% | Percentage of the amount · Plus the Visa exchange rate |
| ATM withdrawal | 2%, min €2 | Percentage, with a minimum charge · In the EEA; outside it €2 plus 2% |
Top-up by bank card
| Cost | Listed amount | How it is charged |
|---|---|---|
| EU/EEA cards | 1.2% | Percentage of the amount · Top-up by credit or debit card |
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 Wallester a bank?
No. Wallester AS is an Estonian payment institution authorised by the Estonian Financial Supervision and Resolution Authority (decision 4.1-1/224). Funds are held in segregated accounts and are not covered by a deposit guarantee.
How much does Wallester cost?
The Free plan costs nothing and has no setup fee. Premium costs €199 a month and Platinum €999, with a custom Enterprise Suite. Card payments in another currency cost 2% plus the Visa exchange rate.
Who can open a Wallester account?
Companies in the EEA, the United Kingdom, Switzerland, the UAE, Singapore, the United States and Canada, and sole proprietors. Companies from other countries may be accepted after due diligence.
Which currencies does Wallester support?
EUR, USD, GBP, SEK, NOK, CZK, HUF, RON, PLN and DKK.
Alternatives
How Wallester compares.
If Wallester is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 WallesterThis pagePayment institution |  | Visa cardsExpense management |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
 PayhawkE-money institution | | Expense cardsSpend management |
 HolviPayment institution |  | 18 currenciesFree plan |
 Vivid BusinessE-money institution |   | Local IBANs22 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.