Simple and Fast Online Business Account for Sole Proprietors

Which documents are required to open a business account for sole proprietors with Finom?

To open a Finom business account for your sole proprietorship, you’ll need the following to complete identity verification:

• Tax code and VAT number.
• Personal details and address (home and, if different, business address).
• Valid ID document (identity card or passport).
• Short video selfie for verification via Sumsub.

How does identity verification work for opening a Finom business account for sole proprietors?

Identity verification is mandatory for all sole proprietorships and is managed through the Sumsub platform in full compliance with GDPR (servers are located in the EU).

The process includes:

• Automatic company data completion via tax code.
• Uploading documents in the private area.
• Video identification: the account holder shows a valid ID (identity card or passport) and records a short selfie video to confirm their identity.
• Electronic contract signing.

Once KYC checks are completed, the account is activated and your Italian IBAN becomes operational within 24 hours — with no need to visit a branch.

Does Finom help manage the business account for sole proprietors?

Yes, Finom simplifies account management thanks to its all-in-one platform, which combines financial, accounting, and banking tools in a single digital solution.

How Finom helps:

• Automated invoicing and accounting: you can issue and send invoices in seconds, automatically reconcile invoices and payments, categorize expenses, store documents, and integrate with more than 30 accounting software tools.
• Centralized expense management: you can issue physical and virtual cards (even unlimited ones), set personalized limits, and track expenses in real time.
• Account and multi-banking in one dashboard: you can manage your Italian IBAN, make SEPA and international transfers, and connect external accounts through multi-banking.
• Intuitive interface, web and app access: you can view all operations and data in a single dashboard, available on both desktop and mobile.
• Efficient customer support: you can rely on multilingual assistance available 24/7 via chat, email, or video, plus an interactive Help Center.

What’s included in Finom’s business account for sole proprietors?

With Finom’s business account, you get:

• A unique Italian IBAN for SEPA and international payments, with fast processing times and competitive rates, powered by Finom Payments.
• Smart accounting and invoicing tools.
• Free physical and virtual Visa debit cards (starting from the Basic plan), with card issuance, limit management, blocking options, and compatibility with Apple Pay and Google Pay.
• Expense management: set personalized card or project limits, real-time tracking, automatic categorization, digital storage, and document digitization.
• Multi-banking: connect and view external bank accounts in a single dashboard.
• Advanced security: Passkey login, 3D Secure, GDPR compliance, safeguarded funds held by a Safeguarding Foundation supervised by the Dutch Central Bank (DNB), and trusted partners such as BNP Paribas.
• Real-time customer support.
• Up to 3% cashback, depending on your plan.

What’s the best Finom business account for sole proprietors?

For sole proprietors, the most suitable plan is Solo, which is completely free (€0/month). It includes all essential features: an Italian IBAN, one virtual card, e-invoicing, accounting integrations, expense management, and full platform access. Outgoing SEPA transfers of up to €2,500 are free.

If your business grows, you can upgrade to higher plans:

• Basic – €21/month excl. VAT (€17 if billed annually): free SEPA transfers up to €25,000, two users included.
• Smart – €45/month excl. VAT (€37 if billed annually): higher limits, unlimited users, and up to 3% cashback.

Both Basic and Smart plans offer a 30-day free trial, so you can test them with no commitment.

Can I link another bank account to my Finom business account for sole proprietors?

Yes, you can connect your other bank accounts to Finom using the multi-banking feature.

From your account, go to the Finance tab, click the Balance widget, and then select Connect your bank. A window powered by a partner (such as FinAPI) will open — choose your country, search for your bank, and log in with your credentials to complete the connection.

If your bank isn’t listed, you can contact the support team via chat or email; Finom will forward the request to its partner for evaluation.

Once connected, your account will appear in the total balance section and transactions will synchronize automatically. You can also disconnect it at any time under Manage connected accounts by clicking the trash icon.

Is Finom’s business account for sole proprietors secure?

Yes, Finom’s account is highly secure. Access and transactions are protected by Passkey, 3D Secure, and two-factor authentication. All data is managed in compliance with GDPR, and customer funds are safeguarded via the Safeguarding Foundation supervised by the Dutch Central Bank (DNB).

Finom also partners with trusted institutions such as BNP Paribas to ensure maximum reliability.

Is the IBAN of the Finom business account for sole proprietors Italian? What can I use it for?

Yes, Finom provides you with an Italian IBAN.

You can use it for all standard banking services, such as receiving and sending SEPA transfers, setting up standing orders, and activating direct debits. However, pagoPA, RIBA, and CBI payments are not yet supported.

Can I use my Finom business account for sole proprietors to pay taxes with the F24 form?

Yes, with Finom’s business account for sole proprietors, you can pay taxes via the F24 form directly from your online banking.

Simply log into your account, fill in the required F24 details, and confirm the payment. This way, all operations remain secure, traceable, and fully managed online — with no need for extra accounts or branch visits.