Whether you’re launching or expanding, the best business bank account for startups scales with your business. Discover all key considerations and find the best startup business bank account in 2025.
Key considerations when choosing a startup business bank account
Selected FinTech providers offer specialised services that boost KPIs for startups and enhance your startup business bank account:
- Free subscription with no hidden fees for basic account features
- Business cards to easily manage payments and expenses
- Local payment schemes instead of SWIFT for international transactions
- Seamless integration with accounting software to simplify financial tracking
- Multi-currency accounts with attractive interest rates
What is a startup business bank account?
A startup business bank account is a financial account designed specifically for new businesses to manage their finances. Unlike traditional business account types, which are typically offered by established banks and may come with higher fees, stricter requirements, and more complex paperwork, startup accounts are often provided by FinTech companies that offer digital solutions with lower fees, simplified setup, and more flexibility.
These accounts typically include services such as debit/credit cards, online banking, and tools for invoicing and payroll, along with access to international payment systems, which makes them the ideal add-ons to traditional bank accounts.
Does a startup need a business bank account?
In most jurisdictions, it is legally required to keep business and personal finances separate. Having a business bank account ensures compliance with tax laws and makes it easier to manage financial records. It also provides clear documentation for business expenses, income, and deductions.
Additionally, a business bank account helps protect your personal assets, especially if your business is set up as a legal entity like an LLC or corporation. This separation ensures you maintain the legal benefits, such as limited liability protection.
Many banks and FinTech providers offer specialised startup business bank accounts, often with low fees and digital tools that make managing finances more efficient.
Switzerland: A haven for startups and self-employed
Before diving into the best business bank accounts for startups, you might still wonder where to set up your next business. This is where Switzerland is leading the way.
Cantons with accelerating startup growth
Switzerland has seen remarkable startup growth, with several cantons leading the charge. According to recent data, the first three quarters of 2024 witnessed an increase in company formations, with 18 cantons reporting higher startup numbers compared to the previous year. The following cantons showed the strongest growth:
- Appenzell Ausserrhoden (+15.3%)
- Uri (+12.6%)
- Appenzell Innerrhoden (+11.2%)
- Vaud (+7.9%)
- Valais (+7.0%)
- Fribourg (+6.5%)
- Glarus (+6.6%)
- St. Gallen (+5.6%)
5 best business bank accounts for startups
The following FinTech providers serve as add-ons to tradtional business bank accounts. They offer modern, digital solutions tailored specifically to the needs of young and growing businesses – from multi-currency accounts and smart expense controls to integrated payment solutions.
| amnis | Wise | Stripe | Paypal | Revolut |
| Monthly fees | From CHF 19/month | No monthly fee (usage-based) | No monthly fee (usage-based) | No monthly fee (usage-based) | From CHF 10/month |
| Multi-currency accounts | Yes (20+ currencies) | Yes (40+ currencies) | No (single-currency, but supports FX) | Yes (25+ currencies) | Yes (30+ currencies) |
| Cards available | Yes (physical + virtual) | Yes (physical + virtual) | No | Yes (business debit card)
| Yes (physical + virtual) |
| Local payment schemes | Local payments and collections in EUR (SEPA), CHF, GBP, USD (ACH), CZK, DKK and CAD | Free local collections in AUD, CAD, EUR, GBP, HUF, NZD, SGD, TRY, USD
Payments are charged depending on currency and route
| ACH, SEPA | ACH, SEPA | ACH, SEPA |
| Transaction costs | Low | Low | Medium | High | Low |
| Expense management | Yes (advanced tools) | Basic | No (external integrations needed) | Limited | Yes (receipt capture, analytics) |
| FX fees | Starting at mid-rate +0.20% | Moderate, depending on currencies | Starting at +1% above mid-market rate | +3-4% above mid-market rate | 0% up to CHF 1,000/month, then 0.5-1% |
| Integrations | Multiple integrations and API available | Integrations and API available | Multiple integrations and API available | eCommerce & accounting tools | Multiple integrations and API available
|
| Trustpilot score | 4.8 / 5 | 4.3 / 5 | 2.0 / 5 | 1.3 / 5 | 4.5 / 5 |
amnis
amnis is particularly valuable for startups operating internationally, as it offers an affordable and comprehensive solution for managing cross-border payments and multiple currencies. The platform helps startups reduce international payment fees, manage team expenses, and simplify day-to-day bookkeeping.
The multi-currency account allows startups to send, receive, and hold money in over 20 currencies. This is especially useful for companies working with international clients or suppliers. amnis also provides physical and virtual multi-currency debit cards at 0% FX fees. When scaling, companies have access to advanced features, such as setting up forward contracts to reduce currency risks or managing multiple subsidiaries on the same financial platform.
- Instant digital onboarding with no paperwork
- Easy currency exchange at competitive rates
- Local transfers/incoming payments in EUR, CHF, GBP, DKK, USD & CAD
- New currency accounts opened in seconds
- Multi-currency debit cards at 0% fees
- Virtual debit cards for subscriptions & online payments
- Cashback interest on business account
- 24/7 self service platform access
Wise
While amnis offers a comprehensive and scalable solution for startups and growing businesses, Wise is the ideal choice for freelancers. With the Wise Business account, you can hold and exchange over 40 currencies within a single account. This feature is particularly beneficial when receiving foreign currencies, as Wise offers access to local payment schemes in AUD, CAD, EUR, GBP, HUF, NZD, SGD, TRY and USD.
On the other hand, sending money abroad usually incurs additional fees, which can add up depending on the currency, amount and frequency of payments.
- 40+ currencies in one account
- Get paid like a local in EUR, USD, CAD and more
- Spending incurs additional charges
- Attractive cashback options on select currencies
- Free multi-currency business debit cards
Stripe
Stripe is an ideal solution for e-commerce startups. It offers a powerful infrastructure that supports a wide range of payment methods, including credit cards, Apple Pay, and Klarna.
With built-in tools for handling refunds, chargebacks, and fraud prevention, Stripe helps e-commerce businesses reduce risk and improve trust. The platform also enables quick integration with popular e-commerce systems like Shopify and WooCommerce.
- 135+ currencies and payment methods
- Invoice creation, collection, and tracking
- Custom revenue reports
- Ideal for e-commerce startups
PayPal
PayPal is a widely recognised payment solution that helps e-commerce startups reach a broader audience from day one. Startups can begin accepting payments almost instantly, without the need for complex banking arrangements or long onboarding processes.
PayPal offers tools for handling disputes, refunds, subscriptions, and invoicing, making it a convenient all-in-one solution for early-stage businesses. However, PayPal’s convenience comes at a cost: transaction fees are high, and its currency conversion rates are notably expensive, especially for businesses dealing in multiple currencies. For growing companies, this can quickly eat into margins.
- Multi-currency support
- Fast setup
- Buyer and seller protection
- Recurring invoicing
Revolut
Revolut Business provides e-commerce startups with a financial toolkit. With a single account, startups can hold, send, and receive money in 30+ currencies at moderate exchange rates. Revolut also offers payment solutions such as one-click checkout (Revolut Pay), which reduces cart abandonment and improves the overall customer experience.
Revolut integrates with major e-commerce platforms such as Shopify and WooCommerce, while tools such smart budgeting, expense controls, and multi-user access help small teams stay in control of their finances.
- Multi-currency accounts with over 30 currencies
- Competitive FX rates
- Revolut Pay for a secure one-click checkout
- Multiple integrations
- Physical or virtual debit cards
Maximise the potential of your startup’s business bank account with amnis
amnis is the ideal financial add-on for startups operating across borders. It extends your existing business bank account by giving you access to local payment networks in key markets like the EU, UK, US, Switzerland, and Canada – making international payments simpler, faster, and more affordable.
With a multi-currency account, you can send, receive, and hold over 20 currencies, while managing all your global transactions in one place. Physical and virtual multi-currency debit cards come with 0% FX margin, making it easy to control team expenses without hidden fees.
As your startup scales, amnis grows with you – offering advanced features like forward contracts to hedge currency risk and tools to manage multiple subsidiaries on one streamlined platform.
Create your free demo account today and see how much you could save with amnis.
