Updated September 28, 2026 · VaultCue Editorial Team
Finom vs Kraken
Finom
Higher score in this comparison
Kraken
Where Finom and Kraken differ
| Compare | FinomReviewVisitVisit | KrakenReviewVisitVisit |
|---|---|---|
| Monthly fee | €0 | $4.99 |
| Currency conversion fee | 1% | 0.2%Lower |
| Currencies | 17Higher | 6 |
| Transfer fee | Free outgoing SEPA transfers up to EUR 2,500 per month (Solo plan); outgoing international payments 1% (Solo) to 0.20% (Pro) | Based on method and currency used; funding fees can be static (fixed) or dynamic (variable) |
| Licence type | Not confirmed | Payment institution |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | €10,000 | Not confirmed |
Same on both: Deposit protection (EU DGS up to EUR 100,000).
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.
Key differences
- Finom scores higher overall: 8.9 vs 8.7.
- Founded is lower at Kraken: 2011 vs 2019.
- Kraken is licensed in 6 more countries.
- Finom is available in 4 more countries.
- Currency conversion fee is lower at Kraken: 0.2% vs 1%.
- Currencies is higher at Finom: 17 vs 6.
- Support channels: only Finom offers Chat, Community.
- Support channels: only Kraken offers Phone.
Our verdict on each
Finom
Finom suits freelancers and small businesses that want a euro cash account with a set rate and instant access. A minimum deposit of €0 and local IBAN details make it easy to open, though the fixed rate will not follow the market and support runs on email, chat and help centre only.
Kraken
Kraken settles the fee trade-off by charging a subscription rather than staying free: the monthly fee of $4.99 applies to the account, and currency conversion runs at 0.2% with transfer delivery quoted as instant. It suits people who hold and convert several currencies and move money often.
Score breakdown
| Area | Finom | Kraken |
|---|---|---|
| Cost | 9.3HigherCosts sit at the free end: a monthly fee of €0 and a conversion fee of 1% near the site median of 0.5%. | 8.7Subscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0. |
| Offer | 9.7HigherA fixed rate of 5% with instant access, ranking 92 of 473 on rate. | 9.2The account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant. |
| Trust | 8.2 | 8.4Higher |
Which one suits you
Pick Finom if cost, offer, and currencies matter most.
Pick Kraken if currency conversion fee matter most.
Where each is licensed and available
| Country | Finom | Kraken |
|---|---|---|
| Cyprus | ||
| Argentina | Not confirmed | |
| Australia | Not confirmed | AUSTRAC (independent remittance dealer, Bit Trade Pty Ltd) ACN 163 237 634 |
| Bermuda | Not confirmed | |
| Canada | Not confirmed | FINTRAC (money services business) M19343731 |
| Ireland | Not confirmed | IE_CBI PSD_EMI IE_CBI!C453020 |
| Netherlands | De Nederlandsche Bank (DNB) R180074 | Not confirmed |
| United Kingdom | Not confirmed |
Available in 2 countries for both. Additional countries for Finom: 9. Additional countries for Kraken: 5.
Also worth a look
eToro has currency conversion fee at 0%, against 1% for Finom and 0.2% for Kraken.
eToro reviewHow they place
| Ranking | Finom | Kraken |
|---|---|---|
| Multi-currency accounts | 2 of 348 | 9 of 348 |
Every fact side by side
| Fact | Finom | Kraken |
|---|---|---|
| Audience | Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee, Fixed rate | Not confirmed |
| Features | Free ATM | Not confirmed |
| Legal entity | PNL Fintech B.V. | Payward Europe Solutions Limited |
| Headquarters | Netherlands | Ireland |
| Founded | 2019 | 2011Lower |
| Support channels | Email, Chat, Help centre, Community | Email, Phone, Help centre |
Money transfer
| Fact | Finom | Kraken |
|---|---|---|
| Delivery time | Not confirmed | instant |
| Payout methods | Not confirmed | Bank, Wallet, Card |
Where each stands against the rest
| Fact | Finom | Kraken | Median |
|---|---|---|---|
| Currency conversion fee | 1%above the median | 0.2%below the median | 0.5% |
| Currencies | 17highest quarter | 6above the median | 5 |
| Free ATM withdrawals | €10,000highest quarter | Not confirmed | €1 |
Median across 536 listed accounts.
Pros and cons
Finom
Pros
- The minimum deposit is €0, so an account can be opened without a large opening balance.
- The transfer fee leaves outgoing SEPA transfers free on the Solo plan within a monthly limit.
- Local IBAN details sit alongside 17 currencies, so one account can take payments in several currencies.
Cons
- The interest rate is fixed, so it will not rise with the market while most savings accounts here are variable (79%).
- The transfer fee for outgoing international payments is higher on the Solo plan than on the Pro plan.
- Deposit protection is EU DGS up to EUR 100,000, so any balance above that cap sits outside the scheme.
Kraken
Pros
- Deposit protection in the EU is EU DGS up to EUR 100,000 under the deposit guarantee scheme.
- Currency conversion costs 0.2%, under the 0.5% seen across the site.
- Support runs on email, phone and help centre, including phone and a help centre.
Cons
- The account carries a monthly fee of $4.99, where the site median is €0.
- The currency list is limited to 6, below the 9 in this group.
- Transfer fees depend on the method and currency used, and funding fees can be fixed or variable.
Who each suits
Finom
Who it suits
- Freelancers and sole traders who need local IBAN details and can move money the same day it arrives.
- Small businesses paid in euros by clients abroad who want several currencies in one place.
- Readers who want a set rate on working money rather than the highest variable rate on the table.
Who should look elsewhere
- Anyone ranking purely on the headline figure, since Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%.
- Variable rate savers, since 79% of the brands in this group pay a variable rate and the Finom rate is fixed.
- Readers happy with a wallet and a smaller return, since PayPal Colombia lists 3.3%.
Kraken
Who it suits
- Anyone whose money sits in more than one currency
- People willing to pay a monthly subscription for a longer currency list
- Users who want phone and help centre support alongside email
Who should look elsewhere
- Anyone after a free everyday account: Skrill charges €0 a month
- Readers who want more than 6 currencies: XTB charges €0 a month, as does AXI Card at €0
- Anyone who needs a fixed transfer price before choosing a method, since transfer fees depend on the method and currency used
Current offers
Finom
Current offer
Bonus
Fixed 5% p.a. on EUR funds for the first 5 months: 5% p.a. fixed for 5 months on up to EUR 200,000
Interest Account, new EUR funds; promo rate for the first 5 months, then standard rate from 0.5% to 2.25% p.a. depending on plan; up to EUR 200,000 held; market analysis dated March 2026; Aksys client agreement terms apply
Source, checked September 26, 2026
Free trial
30-day trial on paid plans: 30 days
Paid Basic and Smart plans, excl. VAT; paid monthly or yearly
Source, checked September 26, 2026
First period offer
3 months for free for partners customers only: 3 months free
Customers introduced through the Finom Partner Program
Source, checked September 26, 2026
Kraken
Current offer
Free trial
Kraken+ free 30-day trial: 30 days free, then $4.99/mo
Monthly billing and the free 30-day trial are offered exclusively through the Kraken mobile app; Kraken Web currently supports annual plans only; only one free trial available per user; automatically renews at $4.99/month unless canceled
Source, checked September 26, 2026
Country by country
| Country | Finom | Kraken |
|---|---|---|
| Argentina | No | Yes |
| Australia | No | Yes |
| Austria | Yes | No |
| Belgium | Yes | No |
| Bermuda | No | Yes |
| Canada | No | Yes |
| France | Yes | No |
| Germany | Yes | No |
8 of 16 countries where either is available.
Questions about each
Finom
What does it cost to keep a Finom account?+
The monthly fee is €0 and the minimum deposit is €0, so there is no cost to holding a balance and no need for a large opening payment. The charge that matters is currency conversion at 1%, plus outgoing international payments, which cost more on the Solo plan than on the Pro plan.
Is my money protected if something goes wrong?+
Balances sit under the EU deposit guarantee scheme, with protection stated as EU DGS up to EUR 100,000. Finom is entered on the Dutch register as R180074 and on the Cypriot register as 456/25, so more than one supervisor is watching the business.
Kraken
What does the Kraken subscription cost each month?+
The subscription account is billed a monthly fee of $4.99. That sits above the site median of €0, so the fee suits readers who will use the extra currencies rather than pay for a dormant account.
How much does Kraken charge to convert currency?+
Currency conversion is charged at 0.2%, which sits under the 0.5% recorded across the site. The gap widens for anyone converting often, which is how the subscription tends to pay back its cost.
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