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Wallester review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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

Wallester is a strong fit for businesses and freelancers who want a euro account with no monthly charge and a protected balance. It charges a monthly fee of €0 and holds EU DGS up to EUR 100,000, while a 2% currency conversion fee sits above the 0.5% site median.

Key facts

Best for
Businesses and freelancers wanting a free euro account with deposit protection.
Monthly fee
€0↗
Licence type
Payment institution↗
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
2%↗
Currencies
10↗
Local account details
IBAN↗
Transfer fee
Top-up by bank transfer EUR 0.00; own-account currency exchange at live rate + 0.00%↗
Legal entity
Wallester AS↗
Headquarters
Estonia↗
Support channels
Email, Chat, Help-centre↗
Audience
Business, Freelancers
Pricing model
No monthly fee
Official website
wallester.com

Money transfer

Exchange rate markup
2%↗
Delivery time
SEPA 1-2 working days; SWIFT 4-5 working days; instant up to 8 hours↗
Payout methods
Bank, Card↗
Fee to send 1,000
€0↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataTrustpilotLinkedInXgithub.com

Pros and cons

Pros

  • A monthly fee of €0 puts it top of 500 brands on cost of account upkeep
  • Balances are covered by EU DGS up to EUR 100,000 under an EU guarantee scheme
  • Holds 10 currencies and offers a local IBAN for euro payments
  • Top-ups by bank transfer carry a transfer fee of €0

Cons

  • The currency conversion fee of 2% is above the 0.5% site median
  • Support runs on email, chat and help centre only, with no phone line listed
  • Holds 10 currencies, placing it at 103 of 379 on currency count
Wallester

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Scored 8.7 / 10 by VaultCue.

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Who it suits

  • Businesses and freelancers paying and receiving in euro
  • Anyone who wants a EU DGS up to EUR 100,000 protected euro balance
  • Teams paying suppliers abroad who hold 10 currencies

Who should look elsewhere

  • Travellers who want a wider currency choice than 10
  • Anyone who needs a phone line, since support runs on email, chat and help centre
  • Frequent currency swappers put off by a 2% conversion fee

Fees and FX

The account itself costs €0 a month, so there is no upkeep charge. Currency conversion is charged at 2%, with a margin of 2% on the rate, which is higher than the 0.5% median across the site. Top-ups by bank transfer are listed at a transfer fee of €0, and own-account currency exchange runs at the live rate with no added charge.

The company behind it

The account is issued by Wallester AS, based in Estonia and listed in the EU payment institution register under PSD_PI 11812882. The Estonian authority, the Financial Supervision Authority of Estonia, appears as the supervising authority as 4.1-1/224. Help runs on email, chat and help centre.

How Wallester compares

Where Wallester is available

Available
Australia, Canada, Estonia, Ireland, Singapore, Switzerland, United Arab Emirates, United Kingdom, United States
Licence in Estonia
Financial Supervision Authority of Estonia (Finantsinspektsioon) (4.1-1/224), checked September 26, 2026
Licence in Estonia
EE_FI (PSD_PI 11812882), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there a monthly fee for a Wallester account?+

The monthly fee is €0, so there is nothing to pay to keep the account open. It ranks first among 500 brands on monthly fee. Support and account keeping costs therefore sit at the lower end of the market.

How much does Wallester charge to convert currency?+

Currency conversion is charged at 2%, with a rate margin of 2% on top of the live rate. That sits above the 0.5% median conversion fee across the site, so regular currency swapping is where costs add up.

Is my money protected in a Wallester account?+

Balances are covered by EU DGS up to EUR 100,000, an EU deposit guarantee applied up to the stated ceiling. Wallester AS is listed as a payment institution rather than a bank, so the guarantee, not a bank balance, is what stands behind the money.

Which currencies can I hold and receive?+

The account supports 10 currencies, and you receive a local iban for euro payments. That currency count is narrower than many multi-currency accounts on the site, so plan which currencies you actually bill in.

How quickly can money arrive and leave the account?+

Incoming SEPA transfers typically land within one to two working days, SWIFT transfers take several working days, and instant transfers complete in a few hours. Payouts run to bank and card, covering both bank transfers and cards.

Who regulates Wallester?+

Wallester AS is based in Estonia and authorised as a payment institution under PSD_PI 11812882. The Financial Supervision Authority of Estonia supervises it, listed as 4.1-1/224.

What are the costs of topping up and exchanging?+

Top-ups by bank transfer are listed at a transfer fee of €0, and own-account currency exchange runs at the live rate with no added percentage charge. Money can go out to bank and card, so supplier payments do not add a separate receiving cost.

How do I get help from Wallester?+

Support runs on email, chat and help centre. Email and chat give you a direct route to the team, and the help centre holds setup and usage guidance. Anyone who wants a phone number for urgent issues should look elsewhere.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Wallester

Wallester

Businesses and freelancers wanting a free euro account with deposit protection.

8.7/10See alternatives