Business Accounts for Low-Risk Companies

An important decision to make after you have started your business is choosing the appropriate business account. Regardless of the scale of your business activities, it professionally helps you manage your business finances, collect deposits from customers, and make payments to your employees and suppliers. It can also be important for proper bookkeeping, tax reporting, and various legal reasons.

There is a wide range of financial service companies ready to accept you as a business client. But how to find the best one? You can barely find a single option for all cases, as it all depends on the type of your business, its size, and complexity. That is why we are going to narrow down the company type to a low-risk one, as it has more standard and general account features that all business owners, regardless of their field of activity, would like to consider when choosing.

Today we'll go through the fees, customer support, and other essential basic stuff, so you can compare the best business accounts available and choose the one that's best for you.

Please note: These recommendations are in no particular order of preference. The indicated score rating of the company is not the main criteria by which the current list was formed. However, its importance should not be underestimated. The score consists of a combination of the following components: TrustPilot score, general pricing of the services, social media presence, the popularity of the service, onboarding difficulty, and support quality.

3S Money Club Limited

3S Money is a highly transparent e-money institution authorized by the Financial Conduct Authority (reference number 900918). The institution provides high-value import and export transactions, dividend distributions, finance and treasury operations, cross-border payments, and FX risk management.

✅ Pros: excellent customer sentiment, multiple currencies, local IBANs, excellent customer support
❌ Cons: high monthly charge, no debit cards

Currency: 35+ currencies
Business focus: international trade.
Customer groups: all countries.
Authorized activities: issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance.

Pricing plan:

• Onboarding fee: Yes, but not specified
  
• Monthly Fee: 300 USD
  
• Minimum balance: n/a
  
• SEPA Outgoing: 1.00 EUR
  
• SEPA Incoming: Free
  
• SWIFT Outgoing: 30 USD
  
• SWIFT Incoming: 25 USD
  

Restricted countries: Afghanistan, The Bahamas, Barbados, Belarus, Botswana, Cambodia, Crimea, Cuba, Donetsk, Eritrea, Ghana, Iran, Iraq, Jamaica, Luhansk, Mali, Mauritius, Myanmar, Nicaragua, North Korea, Pakistan, Palestine, Panama, Russia, Somalia, South Sudan, Syria, Trinidad and Tobago, Uganda, Vanuatu, Venezuela, Yemen.

DynaPay Ltd

DynaPay is a highly transparent broad market e-money institution authorized by the UK Financial Conduct Authority (reference number 900840). The institution offers Payment Accounts (Virtual IBANs), Payment Acceptance Services, and an open API that allows customers to incorporate payment capabilities into their existing business infrastructure. and treasury operations, cross-border payments, and FX risk management.

✅ Pros: low transaction fees, fast onboarding process, excellent customer support, multiple currencies
❌ Cons: no debit cards, no offshore entities accepted, no C2B accounts

Learn more about DynaPay in our review.

Currency: 35+ currencies
Business focus: banking services, payments processing solutions.
Customer groups: EEA & UK, non-EEA based.
Authorized activities: issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment, transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator.

Pricing plan:

• Onboarding fee: 200 EUR
  
• Monthly Fee: up to 100 EUR
  
• Minimum balance: n/a
  
• SEPA Outgoing: 10 EUR
  
• SEPA Incoming: 1.00 EUR
  
• SWIFT Outgoing: 0,15% + 15 EUR
• SWIFT Incoming: 7 EUR
  

Restricted countries: n/a

UAB SatchelPay

SatchelPay is a highly transparent broad market e-money institution authorized by the Bank of Lithuania (authorization number LB000448). The institution provides a wide range of services, from EU IBAN issuance and payment cards to SEPA and SWIFT payments processing.

✅ Pros: C2B accounts, competitive transaction fees, debit cards, API integration, white label solutions, multiple currencies available
❌ Cons: high fees for FX operations

Currency: 38 currencies
Business focus: facilitating global payment transactions.
Customer groups: EU residents, non-EU residents.
Authorized activities: issuance of electronic money, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments, or acquiring payment transactions.

Pricing plan:

• Onboarding fee: 375 EUR (EU) / 1075 EUR (non-EU)
  
• Monthly Fee: up to 50 EUR
  
• Minimum balance: 250 EUR (EU) / 750 EUR (non-EU)
  
• SEPA Outgoing: up to 5 EUR
  
• SEPA Incoming: Free
  
• SWIFT Outgoing: 0.5% min 15 EUR, max 350 EUR
  
• SWIFT Incoming: 0.2% min 10 EUR, max 100 EUR
  

Restricted countries: find blacklisted jurisdictions here.

Payswix (ex Globalnetint)

Payswix is a broad market e-money institution authorized by the Bank of Lithuania (authorization number LB000434). The institution provides virtual personal and business IBAN accounts in multiple currencies, SEPA transfers, SWIFT transfers, debit cards, credit card processing, white-label solutions to individuals and businesses.

✅ Pros: SWIFT/SEPA IBAN, low fees for transactions, C2B accounts, prepaid cards, multiple currencies available
❌ Cons: long onboarding procedure, no API, no dedicated SWIFT IBAN

Learn more about Payswix in our review.

Currency: 70+ currencies
Business focus: providing banking solutions.
Customer groups: EU residents, non-EU residents.
Authorized activities: issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments, or acquiring payment transactions money remittance.

Pricing plan:

• Onboarding fee: up to 499 EUR
  
• Monthly Fee: up to 99 EUR
  
• Minimum balance: n/a
  
• SEPA Outgoing: up to 3 EUR + 0.2 %
  
• SEPA Incoming: up to 5 EUR + 0.2 %
  
• SWIFT Outgoing: up to 30 EUR + 0.2 %
  
• SWIFT Incoming: up to 15 EUR + 0.45 %
  

Restricted countries: n/a

Airwallex UK Ltd

Airwallex UK is a highly transparent e-money institution authorized by the UK Financial Conduct Authority (reference number 900876). The institution provides business accounts that enable high-speed and low-cost international payments and accept payments from anywhere in the world.

✅ Pros: excellent customer sentiment, account system integration, low fees for currency exchange, no monthly fees
❌ Cons: n/a

Learn more about Airwallex in our review.

Currency: 30+ currencies
Business focus: high-speed, low-cost global payments.
Customer groups: UK-based.
Authorized activities: issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator.

Pricing plan:

• Onboarding fee: n/a
  
• Monthly Fee: Free
  
• Minimum balance: n/a
  
• SWIFT Outgoing: 10 GBP
  
• SWIFT Incoming: 10 GBP
  

Restricted countries: find if your country is supported here.

Find more financial services at the Finscanner Marketplace and explore all the benefits for your business!

Have questions? Feel free to contact us directly today!