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wamo.io

3.9

(10)

Profile last updated October 2025

About

wamo offers e-Residents a straightforward path to establish their business presence in Europe. Enjoy the benefits of banking services made easy with an e-Residency approved business account, featuring a European IBAN and an EU Visa debit card.


⏱ Quick and Easy Setup: Starting your business account in Estonia is swift with wamo.


🌍 Be Everywhere in Europe: Operate locally across Europe, no matter where you are.


💷 Local and International Payments, Anywhere: wamo supports instant local (SEPA and FAST) and international payments.


💳 Physical and Virtual Debit Cards: Benefit from the flexibility of Visa Debit Physical and Virtual Cards linked to your sub-accounts.


💶 Multi-Currency Management: With GBP & EUR IBAN options, wamo offers competitive FX rates for currency exchanges between your accounts.


🔗 Robust Integrations: wamo integrates with various accounting, financial, and organizational products, streamlining your business processes for maximum efficiency.

Our target clients

Supported languages

    ChineseEnglishGermanItalianSpanish

Supported businesses

    Freelancer (single shareholder)Micro/small/medium (multiple shareholders)

Target markets

    Europe

Target industries

  • Service provider accepts a broad range of industries.

Banking details

Type of institution

  • Authorized Payment Institution

Location of headquarters

    FinlandMaltaUnited Kingdom

Supported currencies

    EUR - EuroGBP - Pound Sterling

IBAN receiving bank details

    Netherlands (The)

Online application available

  • Yes

Additional in-person visit needed for applying

  • No

Substantial business connection to Estonia required

  • Yes

Approximate application processing time in business days

  • up to 1 business day

Monthly subscription fee

  • From 19.99€

Transaction fee

  • See website

Currency conversion inside the account fee

  • Yes

Payment gateway and processing services

  • Yes

Licences

Services and pricing

International payments
Upon request
International payments
Upon request
SEPA payments
Upon request
SEPA payments
Upon request
IBAN provider
Upon request
IBAN provider
Upon request
SWIFT
Upon request
SWIFT
Upon request
Payment Acquiring & Gateway
Upon request
Payment Acquiring & Gateway
Upon request
Debit/credit/pre-paid card
Upon request
Debit/credit/pre-paid card
Upon request
Business banking account
19.99-99.99 EUR/Month
Business banking account
19.99-99.99 EUR/Month
Debit card
Upon request
Debit card
Upon request
Virtual debit cards
Upon request
Virtual debit cards
Upon request
Multi-currency wallet
Upon request
Multi-currency wallet
Upon request
Fintech
-
Fintech
-

Prices include Estonian VAT (24%)

Eligibility

Required documentation for account opening:
- Company incorporation documents (including proof of shareholder structure, proof of address)
- ID and proof of address of Managing Directors and Ultimate Beneficiary Owners

Details: https://help.wamo.io/en/collections/3547443-eligibility

Restrictions

You'll be able to apply for a wamo business account if your company is registered in the European Economic Area (EEA) or United Kingdom.

This includes:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden, United Kingdom.


Reviews

Newest first

Raveesh Ahmed Sayyed -

September 2026

September 2026

My experience was very annoying. During Account creation i was asked the same questions and for the same documents more than 5 times. Ans I was also asked many irrelevant questions. In the end Wamo decided to close my account. To be honest my case was a little non standard. I was renewing my visa but all my documents were in order. Hope this review changes something or helps someone.

0 Found helpful


Avram Rami Hayim

March 2025

March 2025

WAMO is one of the premium service providers in the payments and card issuance business. they have a reliable service in the SEPA business area. They open accounts for a variety of business lines. their service in USD will be launched very soon. They also have integration and coverage of 3rd party services such as accounting and invoice issuance.

1 Found helpful


Estevão Jadanhi Neto

April 2024

April 2024

Absolutely no complaints about wamo.io, they are one of the very few services which has actually allowed me, a non EU/US resident to open an account for my OU. If you have all your documents in order (proof of income, passport scan, etc), they can open you an account for you business very fast. Customer service is very attentive, and the iOS app is super easy to use and straightforward. Keep up the great work!

4 Found helpful


Gi Hyun Nam

March 2024

March 2024

I highly recommend the service to others. I've been hustling to open an account with various platforms and services. However, Wamo was the most friendly and willing to help you out rather than questioning (which is necessary for KYC - I understand that as well). Love the team and they are also looking for ways to make things better and always listening to the need!

2 Found helpful


Ali̇ Riza Babaoğlan

January 2024

January 2024

Very happy with Wamo services since 2021!

3 Found helpful