wamo vs traditional banks for SME banking in Europe
Join thousands of businesses choosing wamo as a reliable business account. Easy setup, smart features, and local support.
wamo vs traditional banks for SME banking in Europe
Join thousands of businesses choosing wamo as a reliable business account. Easy setup, smart features, and local support.
wamo vs traditional banks for SME banking in Europe
Join thousands of businesses choosing wamo as a reliable business account. Easy setup, smart features, and local support.
Why European SMEs choose wamo
wamo is built for the modern European SME. We replace the red tape and branch visits of traditional banking with a digital-first experience designed for speed. While legacy banks rely on complex systems and weeks of waiting, wamo provides guided onboarding, real human support, and smart tools so you can move as fast as your business.
Open your account in minutes, not weeks
Talk to a real person when it matters (no branch visits required)
Business banking, team cards, and local IBANs — all in one place
Here's how wamo compares to traditional banks
Here's how wamo compares to traditional banks
Here's how wamo compares to traditional banks
Traditional Banks
Traditional Banks
Traditional Banks
Feature
Feature
Get started in just 10 minutes
Get started in just 10 minutes
100% paperless onboarding
100% paperless onboarding
Specifically built for SMEs
Specifically built for SMEs
Human-led multilingual support
Human-led multilingual support
Dedicated account manager for all plans
Dedicated account manager for all plans
Full business banking capabilities
Full business banking capabilities
Simple, transparent pricing to suit your business
Simple, transparent pricing to suit your business
Self-employed |
Companies
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control. |
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently. |
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Self-employed |
Companies
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Self-employed |
Companies
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Freemium
€0
/month
You're just getting started and want simple, essential tools to manage your business account.
No setup fee
Business Account with EU IBAN
1 physical + 1 virtual Visa cards included
€0.99 per local transfer
1.99% per ATM withdrawal
€10
/month
You’re handling multiple projects or clients and need better visibility and control.
Smart
No setup fee
Business Account with EU IBAN
1 physical + 2 virtual Visa cards included
20 free transfers/month
ATM withdrawals: 2 free/month, 5 with annual plan
€5000/month commission-free local POS transactions
€20
/month
You’re managing teams, currencies, or cost centres — and looking to scale efficiently.
Pro
No setup fee
Business Account with EU IBAN
5 physical + 100 virtual Visa cards included
50 free transfers/month
ATM withdrawals: 4 free/month, 10 with annual plan
€7000/month commission-free local POS transactions
Get the human support you need
We know how important it is to speak to someone who understands your business.
Chat to a real person via in-app chat, Whatsapp or email
Local support team ready to help in Maltese, Italian, English and more
Get fast, helpful answers when you need them most
Who banks on wamo?
Meet the locals who trust wamo with their business.
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
Who banks on wamo?
Meet the locals who trust wamo with their business.
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
Who banks on wamo?
Meet the locals who trust wamo with their business.
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
"wamo gives our team instant access to what they need, with dedicated cards and great customer support, it’s exactly what we were looking for."
Luca Succi
L2MS SRLS
“With wamo, we see the settlement in our account the next morning, unlike other banks that take 3 or 4 days.”
Rita Boldini
Terme di Bognanco
“We manage our team’s daily spending, cards, and POS payments easily, all from one app. wamo truly simplifies our finances.”
Giuseppe Narcisi
Hotel il Gelso Bianco
Frequently asked questions
Find your answer here or contact us. We want no questions in the air.
Find your answer here or contact us. We want no questions in the air.
What is a wamo business account?
The wamo account is a digital business account that helps you manage your company’s finances efficiently. You can send and receive payments, handle multiple currencies, issue business cards, automate bookkeeping, and control expenses — all from a straightforward, secure platform available on both mobile and desktop.
Is a wamo account secure and compliant?
Yes. We are a licensed and regulated e-money institution (EMI), authorised by the Finnish Financial Supervisory Authority (FIN-FSA). We comply with EU regulations on AML, CTF, and data privacy, and use banking-grade security to protect your money and data.
Who can open a wamo account?
We support registered businesses in the European Economic Area (EEA) and the UK. Eligible types include:
Limited Liability Companies (LLC)
Public Limited Companies (PLC)
Sole traders, freelancers, and self-employed professionals
Please note: UK-based sole traders are not currently supported.
How do I open a wamo account?
You can apply online in just a few minutes. Once your application is submitted, we’ll review it as quickly as possible, and you’ll receive the outcome straight to your mailbox.
We stand for business
Apply in 10 minutes or less. Get the tools and support to run things your way – from day one.
