Updated October 18, 2026 · VaultCue Editorial Team
Finom vs UQPay
Finom
Higher score in this comparison
UQPay
Where Finom and UQPay differ
| Compare | FinomReviewVisitVisit | UQPayReviewVisitVisit |
|---|---|---|
| Monthly fee | €0 | $0 |
| Currency conversion fee | 1% | 0.25%Lower |
| Currencies | 17 | 54Higher |
| Local account details | IBAN | Us ACH |
| Transfer fee | Free outgoing SEPA transfers up to EUR 2,500 per month (Solo plan); outgoing international payments 1% (Solo) to 0.20% (Pro) | From $0.2 per transfer |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| Free ATM withdrawals | €10,000 | Not confirmed |
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
- UQPay is licensed in 2 more countries.
- Currency conversion fee is lower at UQPay: 0.25% vs 1%.
- Currencies is higher at UQPay: 54 vs 17.
- Local account details: only Finom offers IBAN.
- Local account details: only UQPay offers Us ACH.
- Support channels: only Finom offers Community.
- Pricing model: only Finom offers Fixed rate.
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.
UQPay
UQPay suits businesses moving funds by bank transfer across borders while keeping fixed charges low, with support by email and chat for routine queries. Transfer fees run From $0.2 per transfer alongside an exchange margin of 0.25%, which keeps pricing clear for regular senders.
Score breakdown
| Area | Finom | UQPay |
|---|---|---|
| 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%. | 8.9Transfer pricing is listed as From $0.2 per transfer with margin of 0.25% for bank payouts. |
| Offer | 9.7HigherA fixed rate of 5% with instant access, ranking 92 of 473 on rate. | 9.0Coverage spans 54 currencies with us ACH receiving and bank payouts. |
| Trust | 8.2 | Not confirmed |
Which one suits you
Pick Finom if cost and offer matter most.
Pick UQPay if currency conversion fee and currencies matter most.
Positions in our rankings
| Ranking | Finom | UQPay |
|---|---|---|
| Business bank accounts | 1 of 563 | 18 of 563 |
| Multi-currency accounts | 2 of 348 | 8 of 348 |
Every fact side by side
| Fact | Finom | UQPay |
|---|---|---|
| Audience | Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee, Fixed rateCovers more | No monthly fee |
| Features | Free ATM | Not confirmed |
| Legal entity | PNL Fintech B.V. | UQPAY Pte. Ltd. |
| Headquarters | Netherlands | Singapore |
| Founded | 2019 | Not confirmed |
| Support channels | Email, Chat, Help centre, CommunityCovers more | Email, Chat, Help centre |
Where each stands against the rest
| Fact | Finom | UQPay | Median |
|---|---|---|---|
| Currency conversion fee | 1%above the median | 0.25%below the median | 0.5% |
| Currencies | 17highest quarter | 54highest quarter | 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.
UQPay
Pros
- Transfer pricing is listed as From $0.2 per transfer, helping budget bank transfers through bank.
- Conversion margin of 0.25% sits beside stated currency fee of 0.25% for clear pricing.
- Coverage of 54 currencies supports varied cross border payables and receivables.
Cons
- Payouts move through bank only, so cash or wallet delivery sits outside the service.
- Support runs on email, chat and help centre only, which leaves phone help outside routine contact routes.
- Local receiving covers us ACH only, which narrows collection choices for global receivables.
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%.
UQPay
Who it suits
- Firms paying suppliers by bank who prefer UQPay pricing clarity to Oman Exchange confirmation stage quotes.
- Teams collecting in United States rails who find Bank of Bhutan inward routes less aligned than us ACH.
- Regular senders valuing free account access who prefer UQPay structure to Dahabshiil cash led flows.
Who should look elsewhere
- Senders needing cash pickup, where Dahabshiil may fit better than bank only bank.
- Anyone wanting phone help, where Oman Exchange style branch contact may feel easier than email, chat and help centre.
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
UQPay
Current offer
Free trial
Pro first month free: 1 month free
Pro plan, first month
Source, checked September 30, 2026
Country by country
| Country | Finom | UQPay |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Cyprus | Yes | No |
| France | Yes | No |
| Germany | Yes | No |
| Ireland | Yes | No |
| Italy | Yes | No |
| Netherlands | Yes | No |
8 of 11 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.
UQPay
What does UQPay charge for transfers and conversion?+
Transfer pricing is listed as From $0.2 per transfer. Conversion uses a margin of 0.25%, and bank transfer is the stated payout route through bank. Monthly pricing is free through $0, so regular senders see stable line items.
Which regulators oversee UQPay?+
UQPay records licences that include CMS101336, 2672177 and 25-11-03304. Oversight comes from Monetary Authority of Singapore, Financial Crimes Enforcement Network and Hong Kong Customs and Excise Department across those registrations.
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