Comprehensive Comparison of Business Banking Services: Revolut, N26, and bunq

Business Tariff Plans for N26

N26 Business Basic

Cost: Free Key Features:

• Basic banking services
• Free card payments
• Three free cash withdrawals in the Eurozone per month
• Ability to use sub-accounts (Spaces) for fund management

N26 Business Standard

Cost: €9/month Key Features:

• All Basic features
• 0.1% cashback on all card purchases
• Up to 10 sub-accounts (Spaces) for financial management
• Transaction export for accounting and tax reporting

N26 Business Pro

Cost: €19/month Key Features:

• All Standard features
• Unlimited cash withdrawals in the Eurozone
• International transfers without fees
• Priority customer support

N26 Business Premium

Cost: €29/month Key Features:

• All Pro features
• Premium customer support
• Advanced capabilities for managing large teams
• Premium services

Business Tariff Plans for Revolut

Revolut Business Free

Cost: Free Key Features:

• Basic banking services
• Free card payments
• Free local payments
• Up to 5 free international payments per month

Revolut Business Grow

Cost: €25/month Key Features:

• All Free features
• Unlimited free local payments
• Up to 100 international payments per month
• 1% cashback on corporate cards

Revolut Business Scale

Cost: €100/month Key Features:

• All Grow features
• Unlimited international payments
• Premium customer support
• Access to advanced analytics tools

Revolut Business Enterprise

Cost: Customized Key Features:

• All Scale features
• Personalized solutions for large businesses
• Individual support and consultation
• ERP system integration

Business Tariff Plans for bunq

bunq Easy Bank Business

Cost: €2.99/month Key Features:

• Basic banking services
• Free local payments
• Multi-currency support
• Up to 25 sub-accounts

bunq Easy Money Business

Cost: €9.99/month Key Features:

• All Easy Bank Business features
• Up to 10 free international payments per month
• Up to 1% cashback on selected spending categories
• Advanced financial management features

bunq Easy Green Business

Cost: €19.99/month Key Features:

• All Easy Money Business features
• Unlimited international payments
• Premium customer support
• Carbon footprint compensation options

Recommendations

For Small Businesses:

• N26 Business Basic provides essential features for free, making it a great choice for startups.
• Revolut Business Free is also a good option with free local and international payments.
• bunq Easy Bank Business at €2.99/month offers multi-currency support and up to 25 sub-accounts.

For Small Businesses with Additional Needs:

• N26 Business Standard offers cashback and extended financial management features for €9/month.
• Revolut Business Grow with cashback and up to 100 international payments per month for €25/month.
• bunq Easy Money Business for €9.99/month with cashback and extended features.

For Medium Businesses:

• N26 Business Pro provides unlimited cash withdrawals, fee-free international transfers, and priority support for €19/month.
• Revolut Business Scale with unlimited international payments and premium support for €100/month.
• bunq Easy Green Business with premium support and carbon footprint compensation for €19.99/month.

For Large Businesses:

• N26 Business Premium offers maximum benefits and premium services for €29/month.
• Revolut Business Enterprise with customized solutions and support.
• bunq Easy Green Business is also suitable for managing large teams and complex operations.

Freelancer Tariff Plans for N26

N26 Business Standard

Cost: Free Key Features:

• 0.1% cashback on all card purchases
• Three free cash withdrawals in the Eurozone per month
• Transaction export for accounting and tax reporting
• Use of sub-accounts (Spaces) for financial management

N26 Business Smart

Cost: €4.90/month Key Features:

• All Standard features
• Up to 10 sub-accounts (Spaces) to separate business and personal funds
• Unlimited cash withdrawals in the Eurozone
• Phone customer support

N26 Business You

Cost: €9.90/month Key Features:

• All Smart features
• Free cash withdrawals worldwide
• Comprehensive travel insurance, including flight and baggage delays
• Liability and medical insurance

N26 Business Metal

Cost: €16.90/month Key Features:

• All You features
• 0.5% cashback on all card purchases
• Premium metal card
• Extended insurance (including purchase protection and smartphone insurance)
• Priority customer support

Freelancer Tariff Plans for Revolut

Free Plan

Cost: Free Key Features:

• Basic banking services
• Up to 5 free local payments per month
• Commission-free currency exchange up to a certain limit
• Access to basic analytical tools

Freelancer Professional Plan

Cost: £/€7.99 per month Key Features:

• Up to 20 local payments per month
• Better currency exchange conditions
• Access to advanced analytical tools
• Priority customer support
• Invoicing and expense management capabilities

Freelancer Tariff Plans for bunq

Easy Bank Business

Cost: €2.99/month Key Features:

• Basic banking services
• Free local payments
• Multi-currency support
• Up to 25 sub-accounts

Easy Money Business

Cost: €9.99/month Key Features:

• All Easy Bank Business features
• Up to 10 free international payments per month
• Up to 1% cashback on selected spending categories
• Advanced financial management features

Easy Green Business

Cost: €19.99/month Key Features:

• All Easy Money Business features
• Unlimited international payments
• Premium customer support
• Carbon footprint compensation options

Recommendations

For Starting Freelancers:

• N26 Business Standard offers all essential features for free, making it a great choice for beginners.
• Revolut Free Plan is a good choice due to its no-cost basic banking services.
• bunq Easy Bank Business at €2.99/month offers multi-currency support and up to 25 sub-accounts.

For Active Freelancers:

• N26 Business Smart offers advanced financial management features and unlimited cash withdrawals in the Eurozone for €4.90/month.
• Revolut Freelancer Professional Plan at £/€7.99 per month provides more financial management capabilities and support for working with international clients.
• bunq Easy Money Business at €9.99/month with cashback and advanced features.

For Frequently Traveling Freelancers:

• N26 Business You offers free cash withdrawals worldwide and comprehensive insurance for €9.90/month.
• bunq Easy Green Business with premium support and carbon footprint compensation for €19.99/month.

For Premium Clients:

• N26 Business Metal provides maximum benefits, including high cashback and priority support, for €16.90/month.
• bunq Easy Green Business also offers top-tier features and premium support for freelancers with high demands.

Comparison of Free Services: Revolut, N26, and bunq

Cashback

• N26 Business Standard (freelancers): 0.1%
• bunq Easy Bank Business (business and freelancers): No cashback.
• Revolut Free Plan (business and freelancers): No cashback.

Cash Withdrawals

• N26 Business Standard (freelancers): Three free withdrawals in the Eurozone.
• N26 Business Basic (business): Three free withdrawals in the Eurozone.
• bunq Easy Bank Business (business and freelancers): No free cash withdrawals.
• Revolut Free Plan (business and freelancers): No free cash withdrawals.

Payments

• N26 Business Standard (freelancers): Free card payments.
• N26 Business Basic (business): Free card payments.
• bunq Easy Bank Business (business and freelancers): Free local payments.
• Revolut Free Plan (business and freelancers): Up to 5 free local payments.

Sub-accounts (Spaces)

• N26 Business Standard (freelancers): Yes.
• N26 Business Basic (business): Yes.
• bunq Easy Bank Business (business and freelancers): Up to 25 sub-accounts.
• Revolut Free Plan (business and freelancers): No.

Recommendations

• For freelancers: N26 Business Standard is an attractive option due to cashback, free cash withdrawals, and unlimited free card payments.
• For small businesses: N26 Business Basic offers similar advantages without cashback.
• For users who do not need frequent cash withdrawals and a large number of payments: Revolut Free Plan and bunq Easy Bank Business can be good options, especially if minimal free transfers are needed, and sub-account support is required by bunq.

Comparison of Premium Services

N26 Business Metal (freelancers)

• Cost: €16.90/month
• Cashback: 0.5%
• Cash Withdrawals: Free worldwide
• Sub-accounts (Spaces): Yes
• Additional Features: Extended insurance

N26 Business Premium (business)

• Cost: €29/month
• Cashback: None
• Cash Withdrawals: Free worldwide
• Sub-accounts (Spaces): Yes
• Additional Features: Extended team management features

Revolut Enterprise Plan (business)

• Cost: Customized
• Cashback: Up to 1% on corporate cards
• Cash Withdrawals: None
• Sub-accounts (Spaces): None
• Additional Features: Customized solutions

bunq Easy Green Business (business)

• Cost: €19.99/month
• Cashback: None
• Cash Withdrawals: Free worldwide
• Sub-accounts: Up to 25
• Additional Features: Carbon footprint compensation, premium customer support

Recommendations

For freelancers:

N26 Business Metal is an excellent choice due to cashback, free worldwide cash withdrawals, and additional features.

For businesses:

• N26 Business Premium offers a good balance between cost and functionality.
• Revolut Enterprise Plan is suitable for companies with specific requirements and customized conditions, offering up to 1% cashback on corporate cards.
• bunq Easy Green Business is ideal for those seeking carbon footprint compensation and premium customer support.

Simplicity and Speed of Opening an Account

Online Registration

All three banks (N26, Revolut, bunq) offer online registration through mobile and web applications.

Registration Time

The registration time for all banks is a matter of minutes.

Form Completion

All banks require the completion of a form with information about the business and the owner.

Required Data and Documents

All banks require identification and business registration documents.

Identification Procedure

• N26 and bunq: Use photo identification or video identification.
• Revolut: Uses automated photo identification.

Identification Time

• N26 and bunq: Identification takes a few minutes.
• Revolut: The process can take up to one business day.

Account Confirmation and Activation

• N26 and bunq: Instant confirmation and activation of the account after identification.
• Revolut: Activates accounts within one business day.

Confirmation Notification

All banks send a confirmation notification.

Receiving the Card

All banks offer a physical card by mail and a virtual card immediately.

Platform Availability

All banks support iOS, Android, and web platforms.

Recommendations

• If account activation speed is a priority: N26 and bunq might be the best options due to instant confirmation and activation.
• Revolut: Suitable for users who prefer automated processes, despite the potential delay of up to one business day for identification and account activation.

Key Features and Business Capabilities

Account and Financial Management

• N26: Intuitive mobile and web application, support for up to 10 sub-accounts (Spaces).
• Revolut: Multi-currency accounts, detailed expense analytics.
• bunq: Flexible sub-account system (up to 25), multi-currency management, innovative mobile app.

Cashback and Bonuses

• N26: 0.1% on all purchases (Standard and Smart), 0.5% (Metal). Loyalty programs.
• Revolut: Up to 0.1% on corporate cards, discounts, and bonuses from partners.
• bunq: No cashback, but loyalty programs and bonuses for environmental initiatives.

International Operations

• N26: Competitive transfer rates, multi-currency support, free payments in the Eurozone.
• Revolut: Multi-currency accounts, low fees on international transfers, SWIFT and SEPA integration.
• bunq: Multi-currency accounts, low fees on international transfers, ability to transfer through SWIFT and SEPA.

Security and Protection

• N26: Two-factor authentication, deposit protection up to €100,000.
• Revolut: Two-factor authentication, modern security protocols, deposit protection.
• bunq: Two-factor authentication, advanced security settings for each card, deposit protection up to €100,000.

Customer Support

• N26: Multilingual support via chat and phone (for premium plans), online support center.
• Revolut: 24/7 support via chat, dedicated managers for corporate accounts (premium plans).
• bunq: 24/7 support via chat, premium support for business clients.

Integrations and Automation

• N26: Integration with accounting systems, automated payments.
• Revolut: Automatic integration with accounting programs, API for integration with custom systems.
• bunq: Integration with accounting systems, API access for customizing functionality.

Analytics and Reporting

• N26: Built-in expense analysis tools, report creation, data export.
• Revolut: Advanced analytics and reporting tools, transaction categorization, budgeting.
• bunq: Detailed expense and income analytics, automatic financial report generation.

Premium Features

• N26: Metal card, extended insurance, priority support.
• Revolut: Custom limits and service conditions, dedicated support, advanced analytical tools.
• bunq: Personalized cards, advanced security features, premium support, and additional financial tools.

Recommendations

• For Freelancers: N26 might be the best choice due to cashback and convenient account management.
• For Small Businesses: Revolut offers flexibility and advanced analytics and reporting features.
• For Large Companies: bunq with its flexible sub-account system and advanced financial management features is an excellent choice.

Integration Capabilities with Other Services

Integration with Accounting Systems

• N26: Supports Xero, QuickBooks, DATEV; data export in CSV and PDF.
• Revolut: Integrates with Xero, QuickBooks, FreeAgent; data export in CSV, PDF, Excel.
• bunq: Integrates with accounting programs (e.g., Yuki, Moneybird); data export in CSV and PDF.

Integration with Financial Applications

• N26: Supports Apple Pay, Google Pay, Samsung Pay; integration with Stripe and PayPal.
• Revolut: Supports Apple Pay, Google Pay; integration with Stripe, PayPal.
• bunq: Supports Apple Pay, Google Pay; integration with various payment systems and wallets.

Integration with Business Management Platforms

• N26: Integration with CRM systems (Salesforce); supports project management platforms (Trello, Asana).
• Revolut: Integration with CRM systems (Salesforce, HubSpot); supports project management platforms (Trello, Slack, Asana).
• bunq: Integration with CRM systems; supports project management platforms.

Integration with Analytical Tools

• N26: Built-in analytical tools; integration with external analytics platforms (Google Analytics, Tableau).
• Revolut: Built-in analytical tools; integration with external analytics systems (Power BI, Google Analytics).
• bunq: Built-in analytical tools; integration with analytics and reporting platforms (Looker, Google Data Studio).

Process Automation

• N26: API access; integration with IFTTT and Zapier.
• Revolut: API access; integration with Zapier, Integromat.
• bunq: API access; integration with IFTTT and Zapier.

Recommendations

• For businesses needing extensive data export options and integration with various analytics and project management systems: Revolut is an excellent choice due to its support for multiple platforms and export formats.
• For businesses prioritizing integration with various financial applications and process automation: N26 may be the best choice due to its support for a wide range of payment systems and integrations.
• For businesses seeking flexibility in accounting integrations and process automation: bunq also offers good options, particularly regarding integration with accounting programs and automation through IFTTT and Zapier.

Quality of Customer Service for Businesses

Support Channels

• N26: Chat, phone (for premium users), online support center.
• Revolut: Chat, phone (for premium users), dedicated manager (for corporate clients).
• bunq: Chat, phone (for premium users), online support center.

Support Availability

• N26: Support is available 24/7 for premium users; for standard users, during business hours.
• Revolut: Support is available 24/7 for all users.
• bunq: Support is available 24/7 for all users.

Response Time

• N26: Quick response through chat, especially for premium users.
• Revolut: Quick response through chat and phone, especially for premium and corporate users.
• bunq: Quick response through chat, especially for premium users.

Online Support Center

• N26: Extensive knowledge base, FAQs, guides, and instructions available on the N26 website.
• Revolut: Extensive knowledge base, FAQs, guides, and instructions available on the Revolut website.
• bunq: Extensive knowledge base, FAQs, guides, and instructions available on the bunq website.

Personal Manager

• N26: Personal manager available for N26 Business Metal premium users.
• Revolut: Personal manager available for corporate clients.
• bunq: Personal manager available for premium users.

Training Materials

• N26: Access to webinars, articles, and guides on using N26 features and services.
• Revolut: Access to webinars, articles, and guides on using Revolut features and services.
• bunq: Access to webinars, articles, and guides on using bunq features and services.

Recommendations

• For businesses needing 24/7 support: Revolut and bunq are the best options due to their round-the-clock support availability for all users.
• For businesses needing a personal manager: Revolut offers a personal manager for corporate clients, while N26 and bunq provide this service for premium users.
• For businesses requiring quick response and multilingual support: All three banks provide quality service, but Revolut stands out with a dedicated manager for corporate clients and 24/7 support for all users.

Currency Handling Capabilities for Businesses

Multi-Currency Accounts

• N26: Ability to open accounts in 19 different currencies for convenient international transactions and currency reserve management.
• Revolut: Ability to open accounts in 30 different currencies.
• bunq: Ability to open accounts in 25 different currencies.

Currency Exchange

• N26: Convenient currency exchange through the mobile app with a 0.5% transaction fee.
• Revolut: Currency exchange through the mobile app with fees ranging from 0% to 1.5%, depending on the account type (Standard, Premium, Metal).
• bunq: Convenient currency exchange through the mobile app with a 0.5% transaction fee.

International Payments

• N26: Conducting international payments with minimal fees (0.3% of the transfer amount) and favorable exchange rates, supporting SEPA and SWIFT transfers.
• Revolut: International payments with a fixed fee ranging from £0.30 to 1% of the transfer amount, depending on the account type and destination country, supporting SEPA and SWIFT transfers.
• bunq: Conducting international payments with minimal fees (0.5% of the transfer amount) and favorable exchange rates, supporting SEPA and SWIFT transfers.

Support for Different Currencies

• N26: Ability to operate in 19 different currencies, such as EUR, USD, GBP, CHF, JPY, and others.
• Revolut: Ability to operate in 30 different currencies, such as EUR, USD, GBP, AUD, CAD, and others.
• bunq: Ability to operate in 25 different currencies, such as EUR, USD, GBP, CHF, JPY, and others.

Business Card

• N26: Business card supporting transactions in 19 different currencies.
• Revolut: Business card supporting transactions in 30 different currencies, including EUR, USD, GBP, AUD, CAD.
• bunq: Business card supporting transactions in 25 different currencies, including EUR, USD, GBP, CHF, JPY.

Recommendations

• For businesses needing maximum multi-currency support: Revolut is the best choice with support for 30 currencies.
• For flexible currency exchange conditions: Revolut offers the most diverse exchange conditions with fees ranging from 0% to 1.5%.
• For minimal fees on international payments: N26 offers the lowest fees (0.3%).

Advantages and Disadvantages

Advantages of N26

• Convenient and intuitive mobile and web applications.
• Multi-currency accounts (up to 19 currencies).
• Minimal fees on international transfers (0.3%).
• High level of security and data protection.
• 24/7 support for premium users.
• Availability of a personal manager for premium users.

Disadvantages of N26

• Limited support (only during business hours) for standard users.
• Limited number of supported currencies (19 currencies) compared to competitors.

Advantages of Revolut

• Ability to open multi-currency accounts (up to 30 currencies).
• Favorable currency exchange conditions with fees from 0% to 1.5%.
• Flexible and transparent fees on international transfers (0.3-1%).
• Support for 30 different currencies for transactions and cards.
• 24/7 support for all users.
• Dedicated manager available for corporate clients.
• Cashback up to 0.1% on corporate cards.
• Integration with cryptocurrencies and stock trading.

Disadvantages of Revolut

• Currency exchange fees can reach up to 1.5% depending on the account type.
• Personal manager available only for corporate clients.
• Cashback program is limited to corporate cards.

Advantages of bunq

• Ability to open multi-currency accounts (up to 25 currencies).
• Convenient currency exchange with a fixed fee of 0.5%.
• Support for international payments with minimal fees (0.5%).
• Wide support for various currencies (25 currencies) for transactions and cards.
• 24/7 support for all users.
• Personal manager available for premium users.
• Environmental initiatives, including tree planting for transactions.
• Innovative features for team and project management.

Disadvantages of bunq

• International payment fees are higher than some competitors (0.5%).
• Personal manager available only for premium users.
• Fixed currency exchange fee, which may be less advantageous for large volumes.

Conclusion

• For small businesses and freelancers: N26 might be the most suitable option due to its ease of use and low fees.
• For growing and international companies: Revolut offers the most flexible conditions and a wide range of services, making it an excellent choice for companies expanding internationally.
• For companies striving for environmental initiatives and innovative features: bunq is the optimal solution, providing good support for various currencies and unique business features.

Article Author: Patrick Möller