What is Finom business account and when it will be available?
Our FINOM business account is coming to Italy this Autumn and will include a wide range of traditional banking services ( physical cards, make and receive SEPA payments, direct debit), plus some smart solutions to better manage your funds, such as virtual cards, custom access for your accountant and coworkers, and the possibility to create different Wallets with a dedicated IBAN. You can pre - order your FINOM business account and get it forever free by following this link: https://app.finom.co/it/signup?fnm_promo=preordering. We will keep you posted on our launch date!
Who is the legal representative?
To open your Finom Business Account, you need to be the legal representative of your company. By legal representative, we mean a natural person authorized to act on the company's behalf and authorized to perform all acts regarding general administration of the company and in accordance with its corporate purpose, for example, a CEO.
Can I make only SEPA transfers, or are SWIFT payments also possible?
A Finom business account allows you to make SEPA transactions. Currently we cannot offer SWIFT transactions, but they will be supported in the future.
How can I withdraw funds from my account or make deposits into it?
A Finom Business Account has all the main services of a traditional bank, such as being able to make withdrawals from the account and deposit funds into it.
To make a deposit into an account, you can use a SEPA transfer from your current bank account. To make a withdrawal, you can use your physical Finom card at any European ATM for free, up to €2,000 per month (depending on your plan).
Can individuals from any country open an account?
Currently, with Finom, you can easily open a business account for companies that are based and do business in France or Germany. The legal representative (the only person who can open a business account on behalf of a company) needs to hold a valid local residence permit in one of these two countries, regardless of the issuing country of their passport/ID.
We are planning to add more European countries in the future, but if you are the owner of a business that is based in the USA or that involves US taxpayers, we are not currently able to open a business account for you (due to FATCA regulations).
Referral rewards program
FINOM rewards you and your friends for staying with us!
Thanks to our referral program, you have the chance to earn 5 € as well as gifting your friend 6 months free on the Start plan.
Also, what you and your friends can get:
- 5 € for each friend who joins FINOM via your invitation link and opens a payment business account
- 5€ for every friend who joins FINOM using your invite link, opens an Invoicing Account and subscribes to the “Invoicing only” Start Plan
YOUR FRIENDS get:
-6 months free on the business account Start plan or 3 months free on another business account plan or 3 months free on the Invoicing Start plan.
This is how it works:
- Copy your personal link from the referral page: https://app.finom.co/en/referral
- Share it with all your friends, family and partners (there's no limit)
- Receive rewards for each friend who successfully completed the Referral rewards program requirements
Remember: You will receive your reward only if your referral successfully opens either a FINOM business account or activates an invoicing plan.
The more friends you invite to open an account, the more money you could possibly earn!
Monitor your referral activity by clicking on 'Invite friends' button at the top of the dashboard. There is a detailed chart at the bottom of the page to provide visibility on total number of referrals invited and rewards earned.
You can redeem your reward by transferring it to your FINOM business account once it has been opened. Just click on the 'Get my reward' button, and spend it however you want!
By sharing the referral link, you're accepting Finom Rewards Rules.
What will the first customers get?
The first 1000 customers who apply for our business account will get a Finom business account on a Start plan for forever free. What does this mean? You will not be charged any monthly fee, saving you 240€ per year. Also - if you share your personal invite link with friends and partners, you will get 50€ cashback for every friend or partner who opens a Finom business account through your link.