This article focuses on the Best Neobanks for Freelancers & SMEs, spotlighting the most efficient digital banks that ease the burden of business banking.
These neobanks provide modern business banking solutions, from multi-currency accounts to invoicing integrations.
For users seeking affordable services, ease of payment transfers, and advanced expense tracking tools, this guide features the best business banking services on the continent.
Key Poinst & Best Neobanks In Europe For Freelancers & SMEs
| Neobank | Key Point |
|---|---|
| Revolut Business | Multi-currency support, team spending controls, automated insights |
| N26 | Simple interface, ease of use, strong mobile-first design |
| Monzo | Budgeting tools, shared money management, transparency |
| Starling Bank | SME-focused features, side hustle support, free business accounts |
| Bunq | Customization, eco-friendly banking, flexible account setup |
| Vivid Money | Rewards, cashback, investing options |
| Qonto | Tailored for SMEs, invoicing tools, expense management |
| Holvi | Freelancer-focused, invoicing and bookkeeping integration |
| Wise Business | Low-cost international transfers, multi-currency accounts |
| Paysera | Affordable cross-border payments, SME-friendly services |
10 Best Neobanks In Europe For Freelancers & SMEs
1. Revolut Business
Revolut Business is a cutting-edge banking service for freelancers and small and medium enterprises. It offers customized multi-currency accounts, cross-border payments, and a variety of financial management resources.
Clients can hold, transfer, and trade money in over 30 currencies with superior exchange rates and can get other local bank accounts in the Europe, UK, and US, which is ideal for cross-border corporate clients.
Revolut Business also has customized reporting, expense management, team roles, and other integrations with business management software.
While there is a free version of the service to get started, additional plans provide even more bank accounts, currencies and customizations which are tailored to add value specifically for growing businesses.
Features Revolut Business
- Hold and Exchange Multiple Currencies: Hold and exchange over 30 currencies and enjoy favourable rates with our competitive Forex services.
- Global Money Transfers: Make both national and international payments for minimal fees.
- Monitor and Set User Access: Control and set user roles and manage cards to facilitate an admin control of the account.
- Automated Bookkeeping: Link a bookkeeping profile to Zapier or Xero to automize transactions.
| Pros | Cons |
|---|---|
| Multi‑currency accounts with competitive exchange rates. | Advanced features can be confusing for new users. |
| Local IBANs in EUR, GBP & USD. | Free tier has low limits and charges can add up. |
| Built‑in expense management & invoicing. | Customer support sometimes slow. |
| Integrations with accounting tools & API access. | Some features behind higher‑tier plans. |
2. N26
N26 Business is a digital German neobank that caters to freelancers and self-employed professionals all over Europe. It offers a user-friendly app that addresses the needs of European freelancers.
They are offered a no-cost business banking option with the basic account that has a business Mastercard.
It includes functionality for automated expense tracking and free monthly SEPA transactions. It includes automated expense tracking.
It has a fully digital onboarding process and real-time notifications to track transactions. Simplicity is a primary advantage of the basic account option that has no monthly fee.
More expensive tiered options offer no-cost additional cards, and high SEPA transaction limits. It is no-cost and simple , appeal to freelancers.
Features N26
- Zero Contact Customer Service: N26 offers a full banking service and banking app that customers can access from anywhere in the world.
- Transactional Notifications: Users receive an alert for each transaction.
- Transaction Buckets: Transactions are placed in a bucket for easy reviewing.
- Core Business Banking for Free: Free business account banking with access to a business services app.
| Pros | Cons |
|---|---|
| Simple, fully digital onboarding in minutes. | Focused mainly on freelancers; fewer business tools. |
| Real‑time transaction notifications. | Limited multi‑currency support. |
| No monthly fees on basic plan. | Not available in all European countries. |
| Clear, minimal interface. | Limited invoicing and accounting features. |
3. Monzo
Monzo Business is a digital bank based in the United Kingdom that is designed for small businesses and freelancers who want to take advantage of simple banking and expense management tools.
Its features include a mobile app with a business debit card, budgeting pots, invoicing integrations, and notifications.
The Lite plan is free for the basic features, and the Pro plan adds invoicing and accounting integrations for a small monthly fee.
However, Monzo focuses on the UK, and for smaller businesses, Monzo is a great. It simplicity, integration with tools like QuickBooks and Xero, and It’s transparent fees make it a good choice.
Features Monzo Business
- Intelligent User Interface: Mobile-friendly banking with a user-friendly and intuitive banking app.
- Business Spend: Users of the app are issued a debit card for national and international transactions.
- Money Pot Functionality: Savings accounts can be placed in a pot.
- Software Partnered with Popular Apps: Quick Books integration with Monzo.
| Pros | Cons |
|---|---|
| Intuitive app with smart budgeting tools. | Primarily UK‑only offering. |
| Integrated business debit card. | Smaller international feature set compared to competitors. |
| Real‑time notifications & spending insights. | Fees on some services like cash deposits. |
| Integrations with accounting software. | Pro plan required for advanced features. |
4. Starling Bank
Starling Bank is a completely regulated UK digital bank providing free business banking accounts. Starling has no monthly fees or charges on UK transfers.
They provide business banking and bookkeeping integrations such as automated expense categorization, expense management and business toolkit features for invoices, bills, and VAT.
Those features also provide support for freelancers and SMEs. Customers get a business debit card, and instant notifications, and can sync to accounting tools such as Xero and FreeAgent.
Starling’s strong business application and compo and sited environment are particularly attractive to UK Businesses.
Features Starling Bank
- Zero Fees of Business Banking: Starling Bank offers their account holders zero fees.
- Business Tools: Tools for Buisness include invoices, taxes, and receipt capture and scans.
- Account Applications: Starling Integrates with Xero and FreeAgent, among other solutions.* Real Time Insights: Live updates and category by spends.
| Pros | Cons |
|---|---|
| Free business banking with no monthly fee. | Limited international currency accounts. |
| Business toolkit: invoices, VAT tools, receipts. | Mainly UK‑focused. |
| Integrates with tools like Xero, FreeAgent. | Some advanced features require third‑party apps. |
| Strong budgeting and categorization. | No physical branches. |
5. Bunq
Bunq is a neobank in the EU, located in the Netherlands. They offer flexible business accounts that have multiple currency capabilities, and multiple IBANs can be accessed under a single log in.
For freelancers and small to medium enterprises, there is the option to sub divide accounts to specifiy budgets for particular accounts, and users are able to create accounts to save, and to hold funds for taxes, project budgets, etc.
Through Bunq’s API, businesses can easily automate processes in order to have a more streamlined experience.
Environmentally friendly businesses might particularly be interested in Bunq for their subscription based plans, and Bunq’s focus is mainly on digital freelance/SME businesses that are in the economic area of the EU.
Features Bunq
- Multiple IBANs: Make different accounts and manage them in one dashboard.
- Custom Sub Accounts: Budgeting, saving and fund allocation is super easy.
- Strong Automation: Smart rules and API options.
- Multi Currency Support: Manage different currencies from one app.
| Pros | Cons |
|---|---|
| Multiple IBANs & sub‑accounts for budgets. | Monthly fees higher than some rivals. |
| Excellent multi‑currency support. | Feature‑rich interface can be complex. |
| Strong automation & API access. | No full traditional banking license in all countries. |
| Customizable account setup. | Some advanced features cost extra. |
6. Vivid Money
Vivid Money Business combines attributes of a traditional bank with rewarded functionalities and investments.
As a freelancer or small and medium-sized enterprise, one can open a bank account with different International Bank Account Numbers (IBANs), manage them digitally, and earn interest on the balance over time.
You also get cash back with spending, which helps money to work. You can also digitally manage bookkeeping and payroll since the platform accepts SEPA and international payments and integrates with various accounting software.
What differentiates Vivid from other basic neobanks are the smart investments (like ETFs and bonds) that are aimed at financing business capital) integrated with the bank account.
Features Vivid Money
- Multi Currency Wallet: Hold and manage different currencies.
- Investment Options: Invest in stocks, ETFs and more.
- Cashback Offers: Enjoy cashback on spending.
- Easy Transfers: Get competitive rates for SEPA and international payments.
| Pros | Cons |
|---|---|
| Multi‑currency accounts & multiple IBANs. | Not a full bank in all markets (licence varies). |
| Cashback & investment features. | Business feature set less focused than others. |
| Competitive exchange rates. | Not as strong invoicing tools. |
| Easy integration with accounting. | Rewards may not suit all business types. |
7. Qonto
Qonto is a neobank from France catering to freelancers and SMEs, providing digital business accounts with high-functionality, multi-user control, expense management, and oversight for real-time expenditure patterns.
They have a seamless consolidation with accountancy and bookkeeping programs, integrating software to a single ecosystem.
They have local and offshore transactions with cards (virtual and real) and varying access for teams (a plus for expanding competitors with several stakeholders). It is fairly priced and they have several options for advancement based on business needs.
Features Qonto
- Made for Businesses: Designed for freelancers and small to medium businesses.
- Share Access: Give different team members different roles and permissions.
- Spend Control: Get your team to capture receipts and classify spending.
- No Manual Data Entry: Direct transfer from your bookkeeping software.
| Pros | Cons |
|---|---|
| Designed specifically for freelancers & SMEs. | Monthly fees for almost all plans. |
| Multi‑user access & team permissions. | Not all countries supported. |
| Expense management & invoicing tools. | Can be pricier as company grows. |
| Integrates with major accounting tools. | Some features limited to higher tiers. |
8. Holvi
Holvi is a European-based digital business account for freelancers and small businesses that combine banking services with invoicing, expense management, and bookkeeping automation services.
Users of the app can create and send invoices, save receipts, organize finances, manage VAT, and keep everything in one location.
They provide business debit and business virtual cards and facilitate payments in many currencies.
Their in-app features combine banking and accounting functions to save time for admins and, for many, the need for an all-in-one financial service provider is obvious.
Features Holvi
- Total Finance Solution: Banking, invoicing and billing all in one.
- Expense and VAT Tracking: Built in tools to manage your tax and receipt.
- Business Spend Cards: Physical as well as virtual spending cards.
- Report Generation: Simplified reports for freelancers to understand finances.
| Pros | Cons |
|---|---|
| Combines banking with invoicing & receipt storage. | Not available in every European market. |
| Easy VAT tracking and billing feature. | Monthly fee for business account. |
| Business debit & virtual cards. | Less flexible multi‑currency support vs rivals. |
| Good for sole traders/freelancers. | Limited advanced accounting features. |
9. Wise Business
Wise Business is not your traditional bank and used by freelancers and SMEs for multi‑currency accounts with low‑cost international payments in Europe.
While offering local bank details in most major markets (EUR, GBP, USD, etc.) and allowing businesses to invoice, receive and pay in multiple currencies.
Competitive mid-markets exchange rates on payments and receipts to/from USD accounts. Utilization is enhanced by Extend (TM) and Wise Business (TM)
for FX spread savings with multi currency accounts. Wise Business is outstanding for almost any company with international clients or suppliers.
Features Wise Business
- Cheap Foreign Transfers: Access mid-market rates with no nasty surprises.
- Multi Currency Accounts: Hold and receive payments in multiple currencies.
- Local Bank Details: Get IBANs and sort codes in key locations worldwide.
- Batch Payments: Transmit several payments with ease.
| Pros | Cons |
|---|---|
| Exceptional low‑cost international transfers. | Not a traditional bank; no lending/credit products. |
| Multi‑currency account with local details (IBAN, sort code). | No physical bank branches. |
| Transparent mid‑market FX rates. | Basic business tools (invoicing limited). |
| Batch payments & team access roles. | No integrated business accounting features. |
10. Paysera
Paysera Business offers IBAN payment accounts, in multiple currencies, absolutely free, making them suited to sole-traders and small to mid-sized enterprises looking for zero monthly fee transactional banking.
They will provide you offers involving the optimally rated exchange differencial for bulk and target payment routing, which is perfect for going suppliers, downstream partners, or to your employees.
They offer payment acceptance and devices, both physical and virtual. Their remote banking model is easy.
They provide low cost services and support, making them the go to service for small business in need of banking.
Features Paysera
- Multi-Currency IBANs: Integrated accounts for EUR, BGN, RON, etc.
- Affordable Money Transfers: Reasonable fees internationally and even more for domestic payments.
- Payment Acceptance: Integrated POS and online payment systems.
- Remote Onboarding: Straightforward process for online account creation.
| Pros | Cons |
|---|---|
| Exceptional low‑cost international transfers. | Not a traditional bank; no lending/credit products. |
| Multi‑currency account with local details (IBAN, sort code). | No physical bank branches. |
| Transparent mid‑market FX rates. | Basic business tools (invoicing limited). |
| Batch payments & team access roles. | No integrated business accounting features. |
How To Choose Best Neobanks in Europe for Freelancers & SMEs
Business Needs First: Decide if you will need invoicing, multi-currency payment ability, expenses tracking, integration with accounting software, etc.
Fees & Pricing: Determine the best value for recurring monthly fees, fees for each transaction, and especially fees for international transfers and any hidden fees.
Currency Support: If you have international work, select a neobank with multi-currency accounts and higher tier foreign exchange rates.
Account Features: Identify beneficial features like multi-user access and permissions, invoicing, expense tracking and categorization, API, and automated bookkeeping.
Software Connectivity: Check it will connect with an accounting program you already use, such as QuickBooks, Xero, or FreeAgent.
Ease of Use: Mobile banking apps should be user-friendly, and dependable.
Customer support & Security: Ensure system responsiveness for buyers, prompt response of customer support of security and safety protocols and regulations compliance to recognized financial authorities.
Conclusion
To summarize, Europe has several neobanks that cater to freelancers and SMEs, and each has its advantages. However, for banking and invoicing, it is neobanks like Qonto, Holvi, and Bunq that add more than others.
Starling, Monzo, N26, and Revolut are better for day-to-day transactions and multi-currency support due to their more user-friendly apps.
Finding the right neobank is mostly about fees and features, integrations, and whether the user needs international banking to enable efficient cross-border business banking.
FAQ
A digital‑only bank offering online business banking with low fees, mobile apps, and fast onboarding.
Yes — most are regulated and use strong security, but coverage varies by country.
Many neobanks (like Revolut, Wise, Bunq) offer multi‑currency business accounts.
Yes — some (e.g., Holvi, Qonto) include invoicing and expense tracking.
Some neobanks have free basic plans, while advanced features may require paid tiers.
