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wamo.io

3.9

(10)

Profile last updated September 2026

About

wamo gives e-Residents a simple way to run their Estonian company from anywhere. Open a business account fully online, no branch visits, no paperwork, with most applications processed within one business day. wamo is an electronic money institution (EMI), authorized and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).

⏱ Fast online onboarding with digital verification

🌍 Your own IBAN to run your business across Europe

💸 Instant SEPA and SWIFT payments

💳 Physical and virtual Visa business debit cards

🧾 POS terminals to accept payments

🔗 Integrations with accounting and business tools

🆓 Free plan available, upgrade as you grow

🎁 Exclusive cashback offer: Get 5% cashback on purchases made with your wamo card, up to €100 per month for 24 months. Available on both free and paid plans. See the campaign section to learn more.

👉 The offer is only valid when you open your account through this link:

Get wamo

Our target clients

Supported languages

    Chinese • English • Estonian • Finnish • Italian • Spanish • Swedish • Turkish

Supported businesses

    Freelancer (single shareholder) • Micro/small/medium (multiple shareholders) • Non-profit association • Digital nomad • Startup

Target markets

  • Service provider operates in a broad range of markets and regions.

Target industries

  • Service provider accepts a broad range of industries.

Banking details

Type of institution

  • E-Money Institution

Location of headquarters

    Finland • Malta • United Kingdom

Supported currencies

    EUR - Euro • GBP - Pound Sterling • USD - US Dollar • AUD - Australian Dollar • CHF - Swiss Franc • CAD - Canadian Dollar • DKK - Danish Krone • SEK - Swedish Krona • NOK - Norwegian Krone • AED - UAE Dirham • CNH - CNH • CZK - Czech Koruna • HKD - Hong Kong Dollar • ILS - New Israeli Sheqel • NZD - New Zealand Dollar • PLN - Zloty • RON - New Romanian Leu • SAR - Saudi Riyal • SGD - Singapore Dollar • TRY - Turkish Lira • MXN - Mexican Peso

IBAN receiving bank details

    Denmark • Finland • United Kingdom • Luxembourg • Sweden • Germany

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

Transaction fee

Currency conversion inside the account fee

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
Free
Business banking account
Free
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

Prices include Estonian VAT (24%)

Campaigns

e-Resident Cashback: 5% back for 24 months

30 settembre – 31 dicembre 2026

🎁 Exclusive cashback offer: Get 5% cashback on purchases made with your wamo card, up to €100 per month for 24 months. Available on both free and paid plans. 👉 The offer is only valid when you open your account through this link:

Eligibility

Documents required to open an account:

  • Company incorporation documents, including proof of shareholder structure and proof of address

  • ID and proof of address for Managing Directors and Ultimate Beneficial Owners

Not sure if your business qualifies? See wamo's eligible industries and business types before you apply.

Ready to apply? Read the full step-by-step guide to opening a wamo account.

Restrictions

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

This includes:

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

Articles

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.

2 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.

3 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!

5 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!

3 Found helpful


Ali̇ Riza Babaoğlan

January 2024

January 2024

Very happy with Wamo services since 2021!

4 Found helpful