FINOM Company Insights and Comparison Options

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FINOM is a digital bank that offers a range of financial services, including current accounts, credit cards, and loans.

FINOM's key feature is its mobile-first approach, which allows users to manage their finances on-the-go through the company's app.

FINOM's services are designed to be user-friendly and accessible, with no hidden fees or charges.

FINOM's digital bank account offers real-time account management, budgeting tools, and instant payment processing.

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FINOM Pricing and Features

FINOM offers a range of unique features that cater to the needs of SMEs, freelancers, and companies under registration, including fast account setup and cashback on expenses.

You can enjoy up to 3% cashback on all business-related expenses, providing significant savings over time.

The company also provides a range of accounting features, including "What If" Scenarios, Reporting & Statistics, and Sales Orders. Additionally, you can access Account Reconciliation, Accounts Receivable, Activity Dashboard, Audit Trail, Approval Process Control, and Billing & Invoicing.

Here are some of the key accounting features provided by FINOM:

  • "What If" Scenarios
  • Reporting & Statistics
  • Sales Orders
  • Account Reconciliation
  • Accounts Receivable
  • Activity Dashboard
  • Audit Trail
  • Approval Process Control
  • Billing & Invoicing

If you're looking for more information on FINOM's features, you can also check out their data security and payment processing options, which include Data Security, Payment Processing, and Reporting/Analytics.

Pricing

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FINOM offers a competitive pricing plan that's designed to meet the needs of individuals and businesses alike. The pricing plan is based on the type of account you open, with different fees and benefits for each.

The Basic account is available for a flat monthly fee of $9.99, which includes access to a range of features and tools. This makes it an affordable option for those who are just starting out or have limited financial needs.

The Premium account costs $29.99 per month and includes additional features such as enhanced security and priority customer support. This makes it a great choice for those who want more advanced features and a higher level of support.

The Business account is designed for larger organizations and costs $49.99 per month. It includes all the features of the Premium account, plus additional tools and support for managing multiple users and accounts.

A different take: Digital Banking Support

Features

Finom offers a range of features that cater to the needs of SMEs, freelancers, and companies under registration. You can obtain a German IBAN within 24 hours, allowing for quick and efficient account activation.

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Finom's "What If" Scenarios feature helps you prepare for different financial outcomes, while the Reporting & Statistics feature provides valuable insights into your business performance. The Sales Orders feature streamlines your sales process, and the Account Reconciliation feature ensures accurate financial records.

The Activity Dashboard provides a clear overview of your business activities, while the Audit Trail feature keeps track of all financial transactions. Approval Process Control helps you manage your team's financial decisions, and Billing & Invoicing simplifies your billing process.

Finom also offers data security, payment processing, and reporting/analytics features to protect your business and make informed decisions. You can enjoy cashback on expenses, up to 3% of all business-related expenses, which can lead to significant savings over time.

Finom's customer support is top-notch, with personal assistance available within 1 minute, ensuring rapid resolution of any issues or queries. You can also access free business debit cards, which simplify expense management and reduce costs.

Here are some of Finom's key features at a glance:

  • "What If" Scenarios
  • Reporting & Statistics
  • Sales Orders
  • Account Reconciliation
  • Accounts Receivable
  • Activity Dashboard
  • Audit Trail
  • Approval Process Control
  • Billing & Invoicing
  • Data Security
  • Payment Processing
  • Reporting/Analytics

Global Presence and News

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FINOM's global presence is quite impressive, with a platform that supports multicurrency accounts and international payments, simplifying foreign transactions and exchanges.

This means businesses can easily manage their finances across different countries, without the hassle of dealing with complex currency conversions.

Finom's user-friendly interface makes it easy for users to navigate and manage their finances efficiently, no matter where they are in the world.

The platform's automation and integration features also save time and reduce errors, allowing businesses to focus on what matters most.

Here are some key features that support FINOM's global presence:

  • International Operations Support: Supports multicurrency accounts and international payments
  • Automation and Integration: Automates several financial tasks and integrates with multiple accounting solutions
  • Data Security: Complies with the EU’s General Data Protection Regulation (GDPR)

However, it's worth noting that FINOM does not support SWIFT payments for invoices, which may limit some international business transactions.

Comparisons and Options

Finom offers a more tailored experience for SMEs and freelancers with its integrated invoicing and accounting tools, which can significantly streamline financial management.

One of the key differences between Finom and N26 is the focus on business-centric tools versus personal banking and investment options. Finom provides up to 3% cashback on all expenses, a feature that can lead to substantial savings over time.

N26 excels in providing a comprehensive mobile banking experience with features like virtual Mastercards and the ability to invest in stocks, ETFs, and cryptocurrencies directly from the app.

If you prioritize global accessibility and investment opportunities, N26's offerings are more versatile compared to Finom's business-centric tools.

Choosing Between Options

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If you're a small business owner or freelancer, Finom might be the better choice due to its integrated invoicing and accounting tools, which can significantly streamline financial management.

Finom offers up to 3% cashback on all expenses, a feature that can lead to substantial savings over time.

On the other hand, N26 excels in providing a comprehensive mobile banking experience with features like virtual Mastercards.

For those who prioritize global accessibility and investment opportunities, N26's offerings are more versatile compared to Finom's business-centric tools.

Ultimately, your choice between Finom and N26 will depend on your specific financial needs and priorities.

Here's a quick comparison of the two options:

Features of N26

N26 is a digital bank that offers a range of features to make managing your finances easier.

You can set up to 6 sub-accounts to separate your money for different purposes, such as rent, groceries, or entertainment.

The N26 Spaces feature allows you to create custom sub-accounts for specific expenses, like a travel fund or a savings goal.

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With N26, you can also set up direct debits and standing orders to automate your regular payments.

You can link your N26 account to other financial institutions to easily transfer money or pay bills.

The N26 app is available for both iOS and Android devices, allowing you to manage your account on-the-go.

N26 offers a range of transaction limits, including a daily limit of €25,000 for debit card transactions.

Frequently Asked Questions

Where is the headquarters of Finom?

Finom's headquarters is located in Amsterdam, Netherlands. Learn more about Finom's global presence and operations.

What is a finom account?

A FINOM account is a digital business account that offers traditional banking services, allowing you to manage your finances online. It's a convenient alternative to traditional banking, with features like SEPA transfers for easy deposits.

How do I delete my account on Finom?

To delete your Finom account, contact our Customer Care team via in-app chat or email at [email protected]. This will initiate the account deletion process.

Doyle Macejkovic-Becker

Copy Editor

Doyle Macejkovic-Becker is a meticulous and detail-oriented copy editor with a passion for refining written content. With a keen eye for grammar, syntax, and clarity, Doyle has honed their skills across a range of article categories, including Retirement Planning. Their expertise lies in distilling complex ideas into concise, engaging prose that resonates with readers.

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