Finom Review 2026: Costs, Transfer Allowances and Who It Suits
Fastlancer Team · Updated: Sep 3, 2026
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Ideal for
- Freelancers who need a local IBAN without a monthly account fee
- Anyone transferring modest volumes — Solo covers €2,500 a month
- Heavy card users: cashback reaches 3% on Smart
- Small teams: two users are included from Basic up
USP
A local IBAN, a free tier that is a real account, and up to 3% cashback — the plans differ by transfer allowance, not by features.
Free to start?
Not needed — the Solo plan is permanently free
A local IBAN without a monthly fee
Finom is a business account for freelancers and small companies, and it issues a local IBAN rather than a foreign EU one. Domestic clients and direct debit systems still occasionally reject non-local IBANs even though EU rules treat them as equivalent — a local one removes that argument before it starts.
The entry plan, Solo, costs nothing permanently and is a working account rather than a trial. Cards, cashback, an interest account and e-invoicing tools sit on top.
Finom pricing 2026
| Plan | Price (annual) | Free SEPA/month | Cards | Cashback | Foreign payments |
|---|---|---|---|---|---|
| Solo | €0 | €2,500 | 1 virtual | 0% | 1% |
| Basic | €7/mo | €25,000 | 1 physical + 3 virtual | 1% | 0.50% |
| Smart | €17/mo | €50,000 | 3 physical + 10 virtual | 3% | 0.40% |
| Premium | €34/mo | top tier for larger teams and volumes | |||
What separates the plans is the transfer allowance, not the feature set. The ceiling is measured in volume rather than in number of transfers, so a handful of large invoices exhausts Solo faster than dozens of small payments.
Monthly billing costs 20% more than annual. Premium cards are separate: €14.99 for the Prime card, €29.99 for metal.
When Basic beats Solo
Basic costs €84 a year and lifts the allowance from €2,500 to €25,000 a month — tenfold — plus 1% cashback and a halved foreign-payment fee.
- under €2,500 in transfers a month: Solo is enough and costs nothing
- above that, or heavy card use: Basic at €7 — allowance and cashback repay it
- setting tax aside automatically: Finom has no sub-account for that
Payment institution, not a bank
Finom holds no banking licence of its own; it is a payment institution. Funds are safeguarded in segregated accounts rather than held as classic deposits under a statutory guarantee — protected if Finom fails, but without the €100,000 guarantee that comes with a licensed bank.
For working capital that distinction is academic. If you park larger balances on the business account, it is worth understanding. Licensed alternatives sit in our business bank account comparison.
What we like about Finom and what we don't
Pros & Cons
Pros
- Local IBAN — still the default expectation for domestic clients and direct debits
- The free tier is a working account, not a trial
- Cashback up to 3% and foreign-payment fees that fall with each tier
- Annual billing saves 20% against monthly
Cons
- Finom is a payment institution, not a bank — deposit protection works differently
- The free tier covers only €2,500 of transfer volume a month
- No dedicated tax sub-account for setting VAT aside automatically
- Premium and metal cards cost extra (€14.99 and €29.99)
Pricing
Solo
Free
permanently free
- €2,500 in free SEPA transfers a month
- 1 virtual card, 1 user
- 1% fee on foreign payments, no cashback
Basic
€7
per month, billed annually
- €25,000 in free SEPA transfers
- 1 physical + 3 virtual cards, 2 users
- 1% cashback, 0.50% on foreign payments
Smart
€17
per month, billed annually
- €50,000 in free SEPA transfers
- 3 physical + 10 virtual cards
- 3% cashback, 0.40% on foreign payments
Premium
€34
per month, billed annually
- Top tier for larger teams and volumes
Prices may change — check the official website for current plans.
Frequently Asked Questions
How much does Finom cost in 2026?
The Solo plan is permanently free. Above it sit Basic at €7, Smart at €17 and Premium at €34 per month, all billed annually — monthly billing costs 20% more. Correct as of September 2026 — check finom.co/pricing.
What actually separates the plans?
Not the feature set, but the free SEPA transfer allowance: €2,500 on Solo, €25,000 on Basic, €50,000 on Smart. Cashback rises alongside it (0% / 1% / 3%) and the foreign-payment fee falls (1% / 0.50% / 0.40%). The limit is measured in volume, not in number of transfers — so a few large invoices hit the ceiling faster than many small ones.
Is Finom a bank?
No. Finom is a payment institution. Your money is not held as a classic bank deposit under a statutory guarantee scheme; it is safeguarded in segregated accounts — protected against Finom's insolvency, but without the €100,000 guarantee a licensed bank carries. Fine for working capital; worth knowing if you park larger balances. Licensed alternatives are in our business bank account comparison.
Is the upgrade from Solo to Basic worth it?
Simple arithmetic: Basic costs €84 a year and lifts the allowance from €2,500 to €25,000 a month — tenfold — while adding 1% cashback and halving the foreign-payment fee. Transfer more than €2,500 a month, or pay by card regularly, and it pays for itself. Pay three invoices a month and Solo is the right answer.
Which countries can open a Finom account?
Finom serves several EU markets and issues a local IBAN rather than a foreign one — that matters because domestic clients and direct debit systems still occasionally reject non-local IBANs, even though EU rules treat them as equivalent. Check availability for your country during signup.
Verdict
Finom solves one specific problem well: a local IBAN with no monthly account fee. The Solo plan is a working account and costs nothing as long as your transfers stay under €2,500 a month. Above that, Basic at €7 becomes the obvious call — not for extra features, but for the tenfold allowance and the cashback. Two things to keep in view: Finom is a payment institution rather than a bank, and there is no tax sub-account for setting VAT aside automatically.
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