Ferratum review
Updated October 12, 2026 · VaultCue Editorial Team
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Ferratum keeps its consumer banking focused rather than offering every type of account and service. Ferratum is the consumer banking arm of a listed European financial group and suits people who want simple digital management for everyday needs with backing from two decades of experience.
Key facts
- Best for
- Savers seeking simple digital personal finance
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Savings account (Sparkonto) included at no cost with the Ferratum Mastercard↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- Multitude Bank p.l.c.↗
- Headquarters
- Switzerland↗
- Founded
- 2005↗
- Support channels
- Chat, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- ferratum.com
Everyday accounts
- Transfer fee
- 0 SEK credit withdrawal fee (Uttagsavgift 0,00 SEK), plus 565 SEK setup fee (Upplaggningsavgift)↗
- Features
- Digital-only
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Elsewhere
- TrustpilotLinkedInLinkedIn
Pros and cons
Pros
- Operates as the consumer banking arm of a listed European group.
- Provides digital lending alongside online banking for everyday consumer needs.
- Draws on two decades of experience building financial technology across Europe.
Cons
- Offers digital only service without in person branch support for savers.
- Covers a focused set of consumer needs instead of a broad product catalogue.
Ready to try Ferratum?
Who it suits
- Borrowers who want everyday finance in one online place
Who should look elsewhere
- People who want branch based service and broad choice
How Ferratum compares
Where Ferratum is available
- Available
- Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, Germany, Latvia, Malta, Norway, Romania, Slovenia, Sweden
- Licence in Malta
- Malta Financial Services Authority (C56251), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Ferratum offer?+
Ferratum serves as the consumer banking unit of a listed European financial group. It provides digital lending and online banking for everyday personal finance. The focus covers personal needs delivered through digital channels.
Which countries does Ferratum serve?+
The wider group reports offering services across 17 European countries. It also describes operations in nearly 20 countries with Nordic roots. Ferratum works inside that footprint as the consumer unit, so availability depends on the local market.
Who runs Ferratum?+
Multitude runs Ferratum as its consumer banking business. Multitude is a listed European financial technology company with Nordic origins and two decades of experience building financial technology. It organises activity through separate internal business units with Ferratum focused on consumers.
How do customers access Ferratum services?+
Customers use Ferratum through digital and online channels for consumer banking. The group platform supplies technology and support that help the business serve people remotely. This setup suits users who are comfortable handling accounts online.
Does Ferratum charge a monthly fee?+
The monthly fee at Ferratum is €0. (Source, checked September 26, 2026)
Which company operates Ferratum?+
Ferratum is operated by Multitude Bank p.l.c.. (Source, checked September 26, 2026)
Where is Ferratum based?+
Ferratum is based in Switzerland. (Source, checked September 26, 2026)
When was Ferratum founded?+
Ferratum was founded in 2005. (Source, checked September 26, 2026)
How can I contact Ferratum support?+
Ferratum offers support through Chat, Help-centre. (Source, checked September 26, 2026)
Sources
- ferratum.se checked September 26, 2026
Backs: Features
- ferratum.se/prislista checked September 26, 2026
Backs: Transfer fee
“Ferratum Credit Prislista ... Uttagsavgift 0,00 SEK”
- ferratum.de checked September 26, 2026
Backs: Access terms, Account kind, Pricing model, Monthly fee, Support channels
- ferratum.se checked September 26, 2026
Backs: Deposit protection, Legal entity, Licences
- multitude.com/contact checked September 26, 2026
Backs: Headquarters
“Multitude AG Grafenauweg 8 6300 Zug Switzerland”
- multitude.com/our-growth-stories/ferratum checked September 26, 2026
Backs: Founded
“Ferratum is the oldest business unit on the Multitude platform, with operations since 2005”
Compiled from 6 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit.
Related by the facts
Ferratum
Savers seeking simple digital personal finance