Choosing a Business Account: When Finom, Relio, Sokin or Revolut Business Fits
When clients ask which bank or fintech we recommend for a business account, we start with the structure.
Who owns the company? Where is it registered? Which countries will the funds move through, and in what amounts? And, importantly, who will actually answer when something goes wrong?
That is usually where the difference between providers becomes very visible. Here are a few options we currently consider, depending on the case.
Finom
A practical option for relatively straightforward European SMEs.
Onboarding can be fast, the product is easy to use, and access to dedicated managers is a real advantage. Being able to call someone, explain the issue and get a clear answer sounds basic. In business banking, it is not.
Relio
A different proposition, built around compliance-heavy SMEs. That makes it particularly interesting for companies with more complex ownership structures or international activity.
Swiss fintech licence, Swiss IBAN and a strong compliance-led approach.
The main limitation is geography: they currently work with companies in Switzerland, Germany, Austria, Liechtenstein and France.
Sokin
We have used Sokin for several client account openings, particularly where international payments are an important part of the setup.
Onboarding has been relatively straightforward, the team stays involved after the account is opened, and so far our client experience has been consistently positive.
Revolut Business
For many companies, Revolut is an excellent operational account:
- fast onboarding
- strong interface
- easy cards and expense management
- convenient FX
- good integrations
For a straightforward operating company, it can be extremely efficient.
The question is what happens when the business stops being straightforward. Complex ownership, multiple jurisdictions, growing transaction volumes or additional compliance checks can make human support and a clear escalation path much more important than the app itself.
The short version
The best business bank is not the one with the best app. It is the one that still works when your business becomes complicated.
See also: 5 Things to Check Before Opening a Business Bank Account.
